India Teleradiology Market Analysis Report 2022 to 2030

India Teleradiology Market Analysis

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India's teleradiology market size was valued at $43 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 14.7% from 2022 to 2030, reaching $129 Mn in 2030. The market is segmented by application, modality, technology solutions, and end user. The Indian teleradiology market will grow due to the Increasing demand for remote radiology services. The key market players are Teleradiology Solutions, Radispark Healthcare, Medica Group of Hospitals, Medray Imaging Pvt. Ltd., Medsynaptic Pvt Ltd, Global Diagnostics, Aarna Healthcare, and others.

ID: IN10INDH140 CATEGORY: Digital Health GEOGRAPHY: India AUTHOR: Chandani Patel

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India Teleradiology Market Executive Summary

India's Teleradiology market size was valued at $43 Mn in 2022 and is estimated to expand at a CAGR of 14.7% from 2022-30 and will reach $129 Mn in 2030. India's healthcare expenditure has been steadily increasing over the years. According to the National Health Accounts Estimates (2016-17), the total healthcare expenditure in India was around 3.66 trillion Indian Rupees (approximately $49 Bn, which accounted for 1.4% of the country's gross domestic product (GDP). However, this is still lower than many other countries, and the Indian government has set a target of increasing healthcare expenditure to 2.5% of GDP by 2025.

Digital health expenditure in India is also on the rise. In 2019, the Indian government launched the National Digital Health Mission, which aims to create a digital health infrastructure that will enable the delivery of healthcare services to every citizen in the country. The mission involves the creation of digital health IDs, the establishment of a national health stack, and the development of digital health records. The government has allocated approximately $2.3 Bn for the mission over the next five years.

Teleradiology is an important application of telemedicine in India. It allows medical professionals in remote or underserved areas to access expert radiology services from anywhere in the country. Teleradiology services in India are provided by both private and public organizations.

Teleradiology enables medical professionals in remote or underserved areas to consult with radiologists in larger cities or specialized centers. Teleradiology can be used to quickly transmit medical images from emergency situations to remote radiologists for rapid interpretation and diagnosis. Moreover, teleradiology allows medical professionals to seek second opinions from expert radiologists, which can help to improve diagnostic accuracy and patient outcomes.

The demand for teleradiology services in India is increasing due to the shortage of trained radiologists in the country and the need to improve access to medical imaging services in remote areas. Advances in technology, including cloud-based image storage and AI-powered image interpretation, are helping to improve the speed and accuracy of teleradiology services in India. The Indian government has launched several initiatives to promote the adoption of telemedicine and teleradiology, including the National Digital Health Mission and the Telemedicine Practice Guidelines 2020. These initiatives are expected to drive the growth of the teleradiology market in India. Therefore, the demand for teleradiology will increase during the forecast period.

India Teleradiology Market Report 2022 to 2030

Market Dynamics

Market Growth Drivers

Improved Patient Care: Teleradiology enables patients to access expert radiologists for accurate diagnoses, regardless of their location. This can improve patient outcomes and reduce the need for unnecessary hospital visits.
Cost-Effective: Teleradiology can be a cost-effective way to access expert radiologists and reduce the need for expensive medical equipment in every hospital or clinic.
Increased Efficiency: Teleradiology can improve the efficiency of radiology departments by enabling faster turnaround times for image interpretation, reducing the need for manual processes, and increasing access to expert radiologists.
Better Quality: Teleradiology enables the use of advanced imaging techniques, such as 3D imaging and advanced analytics, that can improve the quality of diagnoses and enable better treatment planning.

Market Restraints:

Lack of Infrastructure: Teleradiology requires robust internet connectivity and advanced medical imaging equipment, which may be lacking in some parts of India.
Regulatory Uncertainty: The legal and regulatory environment around teleradiology in India is not fully developed, which may create uncertainty for healthcare providers.
Data Security and Privacy Concerns: Teleradiology involves the transmission of sensitive patient data, which may be vulnerable to security breaches and privacy violations.
Resistance to Change: Some healthcare providers may be resistant to adopting new technology, particularly if it requires changes to established workflows.

Competitive Landscape

Key Players

5C Network
Virtual Radiology (Vrad)
Nucleus Healthcare
Primex Healthcare and Research
RxDx Healthcare
Teleradiology Providers
Technidoc
Teleradiology Hub
Telediagnostics Services
Teleradiology Solutions
Radispark Healthcare
Medica Group of Hospitals
Medray Imaging Pvt. Ltd.
Medsynaptic Pvt Ltd
Global Diagnostics
Aarna Healthcare
Lucid Imaging
Imorgon Medical
4ways Healthcare India Pvt Ltd

Healthcare Policies and Regulatory Landscape

In India, teleradiology is an emerging technology that has the potential to significantly improve patient care in India. While there are both drivers and restraints to its adoption, healthcare providers should be aware of the specific regulations and legal considerations that apply to teleradiology in India.

Indian Medical Council Act: The Indian Medical Council Act requires that radiologists providing teleradiology services be registered with the Medical Council of India.

Telemedicine Practice Guidelines: The Ministry of Health and Family Welfare has issued Telemedicine Practice Guidelines that outline the legal and ethical considerations for telemedicine, including teleradiology.

Information Technology Act: The Information Technology Act provides for the protection of electronic health records and other sensitive patient information.

Privacy Rules: The Personal Data Protection Bill, which is currently under consideration, includes specific provisions for the protection of health data.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

India Teleradiology Market Segmentation

By Application

Picture Archiving and Communication System (PACS)
Radiology Information System (RIS)

By Modality:

The market is divided into X-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, and mammography segments based on Modality. The computed tomography market category held the biggest market share in 2020. Several medical specialties employ computed tomography, including cardiology, cancer, neurology, abdominal and pelvic imaging, as well as spine and musculoskeletal imaging. The teleradiology market is expanding in this sector due to factors including the rising demand for early and accurate diagnosis, technical improvements, and digitalization in this industry. Around 100 million CT scans are performed annually worldwide, according to the WHO. The demand for CT scans over other imaging modalities has increased due to the desire to avoid exploratory procedures and advancements in cancer diagnosis and therapy.

X-Ray
Magnetic Resonance Imaging
Computed Tomography
Ultrasound Systems
Nuclear Imaging

By Technology Solutions

Web-Based Teleradiology Solutions
Cloud-Based Teleradiology Solutions

By End User

The market is divided into four categories based on the end users: long-term care facilities, nursing homes, and assisted living facilities; hospitals and clinics; diagnostic imaging centres and laboratories; and other end users. In 2019, the hospitals and clinics segment's revenue contribution was the highest. This segment's significant market share can be ascribed to the increase in diagnostic imaging operations carried out in hospitals, the hospitals' growing propensity to automate and digitise patient data, and the growing demand to raise the standard of patient care. In addition, the COVID-19 pandemic shortage of radiologists and the growing usage of new imaging modalities to boost hospital workflow efficiency are anticipated to enhance the development of this end-user segment.

Hospitals and Clinics
Diagnostic Imaging Center and Laboratories
Long-term Care Centres, Nursing Homes, Assisted Living Facilities
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.