Teleradiology Market 2018-2028: Trends, Opportunities, and Forecasts | Techsci Research

Posted by Kumar on April 25th, 2023

According to the TechSci report, the Global Teleradiology market is expected to experience robust growth during the forecast period due to the expansion of the mHealth services market. This expansion will increase the potential for teleradiology technologies and services. The use of mobile programs enables doctors to analyze medical images remotely, without the need for a stationary workstation. The development of high-resolution screens, medical connections, and various mobile applications have made it easier to evaluate images quickly, improving patient care without compromising image quality. Manufacturers of mobile devices are collaborating more closely with the healthcare sector to provide mHealth applications, which is expected to further augment the growth of the teleradiology market worldwide.

One of the leading cloud-based medical imaging programs is ResolutionMD, developed by Calgary Scientifics. This program enables doctors and experts to collaborate remotely while securely sharing and viewing patient images and reports on any computer or device. ResolutionMD provides instant access to photos and reports, revolutionizing the radiology sector with a comprehensive telemedicine solution that sends reports and images straight to mobile devices via Wi-Fi and 3G/4G cellular data networks. The app is also used by vascular neurologists for telemedicine examination of stroke patients from remote locations.

Another application for teleradiology is the Rad Results mobile app, which delivers radiology results and the radiologist directly to the Point of Care (POC). The increasing number of imaging processes is expected to boost the demand for dependable and effective teleradiology systems. The field of advanced diagnostic imaging, including positron emission tomography (PET), computed tomography (CT), and diagnostic MRI, has attracted numerous new service providers. The complexity of these advanced and sophisticated diagnostic imaging systems requires a high degree of engineering and knowledge to manage. Teleradiology services can easily bridge this gap.

In developing nations like India and Brazil, and developed economies such as the United States, the United Kingdom, and Germany, the use of remote sensing technology has significantly reduced the rural-urban divide. These solutions are practical and affordable, as they do away with travel and enable radiologists to work from any location. The dearth of competent radiologists has led to increased demand for radiological services, which is further driving the growth of the teleradiology market.

The development of advanced imaging techniques for teleradiology is expected to fuel the growth of the global teleradiology market. This advancement will enable the industry to obtain faster and more precise results.

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The Global Teleradiology market is segmented based on Component, Software and Service, Imaging Technique, End User, Competitive Landscape, and Regional Distribution. The market is divided into software and services based on the component. The teleradiology software market is expected to dominate due to the outstanding advantages of the RIS/PACS combination for several customers in the radiology departments of hospitals and healthcare facilities. The PACS/RIS integration eliminates bottlenecks between pertinent information and images, enabling doctors and radiologists to manage patients more effectively. This reduces the amount of manual work required to send and receive reports and images, improving patient care. RIS/PACS also reduces the time required to complete an X-ray and handles many problems with image sequencing. Integrating RIS/PACS is a suitable strategy for easy and faster access to medical images to avoid misinterpretation of results.

Based on the Imaging Technique, the MRI segment is expected to grow further due to its use in identifying tumors, infections, and other disorders, driving the growth of the segment. The MRI segment's growth is also explained by the requirement for qualified radiologists to interpret challenging images. MRI imaging offers several benefits over CT, X-ray, and ultrasound imaging platforms, such as finding cancers, infections, and blood vessel abnormalities. Contrast materials are used to improve the clarity of the images, making it easier to see the spine, blood vessels, abdomen, pelvis, bone, and joints. MRI imaging technology is, therefore, preferred over other imaging technologies.

Some of the major companies operating in the Global Teleradiology Market include:

• Koninklijke Philips N.V.
• 4ways Healthcare Ltd.
• ONARD, Inc.
• RamSoft, Inc.
• Agfa-Gevaert Group
• Teleradiology Solutions
• Vital Radiology Services
• Virtual Radiologic Corporation
• Medica Group PLC
• Everlight Radiology

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“Many countries are now moving towards the integration of AI in teleradiology for enhancing its medical service facilities. One such country is Australia where Global Diagnostics Australia (GDA) which is a subsidiary of the Integral Diagnostics Group (IDG), was one of the first Australian diagnostic imaging companies which adopted AI as part of its radiology workflow. Similarly, Aidoc Medical which is an Israeli technology company, enables the systems to provide teleradiology services. The people in Western Australia now receive better patient care because of the Aidoc and IDG's collaboration. Aidoc is reshaping the dynamics of patient care and the possibilities of teleradiology utilizing technology and algorithms that have broad implications. It was created to collaborate with IDG and GDA to bring about positive clinical outcomes and support for radiologists.

The acceptability of artificial intelligence is also higher in CT and MRI systems than in the other main imaging modalities. AI can also be employed in a variety of applications, but it is mainly used in neuroradiology. Several market participants are increasing their AI product offerings.Globally, AI has been included into several healthcare facilities and has already proven to be an invaluable companion in the radiology field,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

Teleradiology Market- Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2018-2028F, Segmented By Component (Software v/s Services), By Imaging Technique (X-ray, CT, MRI, Ultrasound, Mammography, Others), By End User (Hospitals & Clinics, Diagnostic Laboratories, Others, By Region, Competition Forecast & Opportunities, 2028F”, has evaluated the future growth potential of Global Teleradiology and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Teleradiology market.

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