Teleradiology Market to Grow with introduction of m-Health Services.
The adoption of teleradiology due to its 24/7 access and its use in faster diagnosis in patients will propel the expansion of the market of Global Teleradiology Market during the forecast period.
According to TechSci report
on, “Teleradiology
Market - Global Industry Size, Share,
Trends, Competition, Opportunities and Forecast, 2018-2028F”, the Global Teleradiology market is expected
to show a robust growth during the forecast period because of the expansion of
mHealth services market, thereby expanding the potential for teleradiology
technologies and services. Mobile programmes enable doctors to see and analyze
medical pictures even while travelling, doing away with the requirement for a
stationary workstation. The development of several mobile applications,
high-resolution screens, and medical connection makes it easier to quickly
evaluate images, improving patient care without compromising image quality.
Manufacturers of mobile devices have been working more closely with the
healthcare sector to provide mHealth applications on this platform. It is
anticipated that this paradigm shift will augment the growth of teleradiology
market across the globe.
Resolution MD is a cloud-based medical imaging programme of Calgary
Scientifics that enables doctors and experts to collaborate remotely while
safely sharing and viewing patient images and reports on any computer or
device. Instant access to photos and reports is provided through ResolutionMD
(ResMD) platform. It has revolutionized the radiology sector by providing a
comprehensive telemedicine solution which works by sending the reports and images
straight to mobile devices, though Wi-Fi and 3G/4G cellular data networks which
are specially supported for remote
access for receiving the picture archiving
and communication system (PACS) pictures which is used for storing the digitally
transmit electronic images and clinically-relevant reports.
In the context of a telemedicine examination, the ResolutionMD mobile
application for Smartphones gives vascular neurologists access to radiological
pictures of stroke patients from distant places as well.
Another application for teleradiology includes Rad Results mobile app in
which radiology results (and the radiologist) are delivered right to the Point of
Care (POC).
It is also anticipated that an increase in imaging processes will
increase the demand for teleradiology systems that are dependable and
effective. Numerous new service providers have been drawn to the field of
advanced diagnostic imaging, which includes positron emission tomography (PET),
computed tomography (CT), and diagnostic MRI. Advanced and sophisticated
diagnostic imaging systems demand a high degree of engineering and knowledge to
manage, which contributes to the increased complexity of cases and a lack of
enough resources. However, this gap can be easily filled with the use of
teleradiology services.
In many developing nations, such as India and Brazil, as well as in
developed economies like the United States, the United Kingdom, and Germany,
the use of remote sensing technology has considerably aided in reducing the
rural-urban divide. Since they do away with travel and enable radiologists to
work from any location, these solutions are more practical and affordable. The
demand for radiological services has grown even more because of the dearth of
competent radiologists.
The development of the global teleradiology market is anticipated to be
fueled by the development of advanced imaging techniques for teleradiology,
which will enable the industry to obtain faster and more precise results.
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The Global Teleradiology market segmentation is based on Component,
Software and Service, Imaging Technique, End User, Competitional Landscape, and Regional Distribution.
Based on the component, the market is split
into software and services. The
software utilized for teleradiology service is expected to dominate the market
owing to the reason that for several customers participating
in the radiology departments of hospitals and healthcare facilities, the
RIS/PACS combination has shown outstanding advantages.
By eliminating bottlenecks between pertinent information and images
using PACS/RIS integration, doctors and radiologists can manage patients more
effectively than they could with traditional methods. This improves patient
care by lowering the amount of manual work required to send and receive
reports, images, etc. The time it takes to complete an X-ray is reduced when
hospitals have access to RIS/PACS. In addition, many problems with image
sequencing are also better handled.
RIS/PACS integration is the key to achieving right information since
today's patients require proper information to be constantly available to them
at the right time. This integration is a suitable strategy in current times for
easy and faster access to medical images for avoiding misinterpretation of
results.
Based on the Imaging Technique, the MRI segment is estimated to grow
further in the forecast period owing to the use of application in the identification
of tumors, infections, and other disorders, driving the growth of MRI segment. The
growth of MRI segment is explained by the requirement for qualified
radiologists to interpret challenging images. In comparison to CT, X-ray, and
ultrasound imaging platforms, MRI imaging offers several benefits. This imaging
technology is used to find cancers, infections, and blood vessel abnormalities.
In order to improve the clarity of the images, contrast materials are used.
With the help of an MRI, it is 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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