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India Teleradiology Market
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India Teleradiology Market

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India Teleradiology Market, By Products & Services (Teleradiology Services, Software); By Imaging Technique (Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography, Computed Tomography (CT), X-Ray, Other Imaging Techniques); By End User (Hospitals, Ambulatory Imaging Center, Radiology Clinics); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: April 2024
  • Report ID: BWC24300
  • Available Format: PDF
  • Page: 200

Report Overview

An increasing demand for remote radiology services driven by shortage of qualified radiologists, government’s supportive initiatives for telemedicine, and teleradiology’s cost-effectiveness compared to in-house radiology departments are expected to drive the India Teleradiology Market during the forecast period between 2024 and 2030.

India Teleradiology Market – Industry Trends & Forecast Report, 2030

The India Teleradiology Market size was estimated at USD 1.85 billion in 2023. During the forecast period between 2024 and 2030, the India Teleradiology Market size is projected to grow at a CAGR of 12.11% reaching a value of USD 2.43 billion by 2030. A prominent driver of the market is the increasing preference for remote care among the population. The preference is particularly notable in rural and underserved areas. In such regions, teleradiology offers convenient, secure, and cost-effective access to medical imaging and radiology services. The trend aligns with the growing demand for affordable healthcare services amidst rising healthcare costs, leading to heightened adoption of teleradiology across the country. Additionally, the necessity for timely diagnosis and treatment of acute diseases is further boosting market growth. Also, government initiatives investing in teleradiology services to enhance healthcare accessibility and reduce costs, coupled with continuous technological advancements like cloud computing and artificial intelligence, are contributing positively to the market outlook.

India Teleradiology Market

Teleradiology – Overview

Teleradiology, a component of telemedicine, employs telecommunication systems to transfer radiological images for interpretation. This encompasses analyzing noninvasive imaging studies like digitized x-rays, CT scans, MRIs, ultrasounds, and nuclear medicine studies. Historical roots of teleradiology trace back to 1929 when dental x-rays were transmitted via telegraph. Early internet utilization in emergency medicine involved capturing clinical photographs with digital cameras, scanning radiographs, converting them to JPEG format using Adobe Photoshop, and transmitting them online. Presently, digitized images are routinely transmitted globally via high-speed telecommunication links, illustrating the evolution and widespread adoption of teleradiology in modern medical practices.

India Teleradiology Market

Growth Drivers

Government Initiatives Promoting Telemedicine

The increasing healthcare expenditure in India, with a target set to reach 2.5% of GDP by 2025, underscores the nation's commitment to enhancing its healthcare infrastructure. The launch of the National Digital Health Mission in 2019 further exemplifies the government’s increasing focus, allocating approximately USD 2.3 billion over five years to establish a robust digital health framework. Teleradiology emerges as a pivotal component of telemedicine, addressing the shortage of radiologists and improving access to medical imaging services, especially in remote areas. Government initiatives like the National Digital Health Mission and Telemedicine Practice Guidelines 2020 are expected to propel the growth of teleradiology in India.

Growing Demand for Radiology Services

India's healthcare sector, though advancing, confronts challenges due to its vast geography and diverse populace. Addressing radiology service accessibility, especially in remote regions, is imperative. Data underscores geographical healthcare disparities: rural areas often lack radiologists, delaying diagnoses and increasing disease burden and costs. Despite telemedicine's growth, remote areas still lack tele-radiology services. Last-mile radiology is crucial, offering timely diagnoses and reducing health disparities. Integrating it with telemedicine enhances remote consultations and reduces healthcare costs. Steps like mobile radiology units and training programs are vital, along with policy support for expanding radiology services. Bridging this gap will ensure equitable healthcare and foster national well-being.

Challenges

Data Security and Privacy Concerns

Data security and privacy concerns serve as significant barriers to the growth of the India Teleradiology Market. As teleradiology involves the transmission and storage of sensitive medical images and patient data over networks, ensuring robust security measures is paramount. Instances of data breaches or unauthorized access could compromise patient privacy and erode trust in teleradiology services. Therefore, addressing these concerns through stringent data protection protocols and compliance with regulatory standards is essential to foster trust among patients and healthcare providers and to unlock the full potential of the teleradiology market in India.

Impact of Escalating Geopolitical Tensions on India Teleradiology Market

Geopolitical tensions can have a multifaceted impact on the India Teleradiology Market. Heightened geopolitical uncertainties often lead to economic instability, which in turn affects healthcare spending and investment patterns. Consequently, such tensions may deter foreign investments in the teleradiology sector, impeding market growth. Additionally, disruptions in international trade and diplomatic relations can affect the procurement of advanced medical imaging technology and equipment, thereby hindering technological advancements in the field. Moreover, uncertainties resulting from geopolitical conflicts may undermine investor confidence and slow down the pace of infrastructure development, including digital health initiatives. Overall, navigating through these geopolitical challenges becomes crucial for sustaining growth momentum in the India Teleradiology Market.

India Teleradiology Market

Segmental Coverage

India Teleradiology Market – By Product and Services

By product and services, the India Teleradiology Market is bifurcated into Teleradiology Services and Software segments.

India Teleradiology Market – By Imaging Technique

Based on imaging technique, the India Teleradiology Market is divided into Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography, Other Imaging Techniques, Computed Tomography (CT), and X-ray segments. The x-ray segment holds the highest share in the India Teleradiology Market by imaging technique. It is attributed to its cost-effectiveness, widespread use in primary diagnosis, and the emergence of innovative technologies like filmless x-ray systems. Furthermore, it has versatile applications across diverse therapeutic areas, such as orthopedics, cardiovascular diagnostics, chest imaging, cancer screening, and dental imaging. Meanwhile, the CT segment is expected to record the fastest growth rate during the forecast period. CT technology offers rapid and precise imaging of intricate bodily structures like the brain, heart chambers, and lungs, driving its expansion. Moreover, ongoing technological enhancements and the shift towards digitalization within the medical realm are poised to further bolster the growth of CT imaging.

India Teleradiology Market – By End User

On the basis of end user, the India Teleradiology Market is divided into Hospitals, Ambulatory Imaging Center, and Radiology Clinics segments. The hospitals segment holds the highest share in the India Teleradiology Market by end user. Hospitals utilize teleradiology services for various purposes such as urgent care, primary diagnosis, and seeking secondary opinions. Particularly in emergency situations, teleradiology services are highly favored. For instance, in cases of severe head trauma when a neuroradiologist is unavailable, teleradiology facilitates swift diagnosis and prompt treatment delivery. Consequently, the increasing influx of emergency visits to hospitals is expected to fuel market growth during the period in analysis. Also, hospitals stand to benefit financially by embracing teleradiology services, as they circumvent the need to hire additional radiologists, thus reducing costs.

India Teleradiology Market Share

India Teleradiology Market – By Region

Geographically, the India Teleradiology Market is divided into North India, South India, East India, and West India regions.

Competitive Landscape

Major players operating in India Teleradiology Market include Teleradiology Solutions, 4ways, Mednax Services Inc, 5C Network Pvt Ltd, Aikenist, Apollo Health, Carestream Health, Everlight Radiology, Global Diagnostics, Imorgon Medical, Mcmarvin Private Limited, Medica Group Plc, RamSoft, TechniDoc, USARAD Holdings Inc., vRad, Argus Radiology, Metropolis Healthcare, Vijaya Diagnostics, and Aster Medical Imaging. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In April 2023 - Aster DM Healthcare inaugurated its Telecommand Centre and Digital Health office in Bengaluru, to facilitate real-time remote monitoring and treatment. The center offers a wide array of telehealth services including virtual consultations, remote patient monitoring, teleICU, teleradiology, and telemedicine-enabled interventions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2030

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

USD Billion

Market Coverage

India 

Product/ Service Segmentation

Product and Services, Imaging Technique, End User, Region

Key Players

Teleradiology Solutions, 4ways, Mednax Services Inc, 5C Network Pvt. Ltd., Aikenist, Apollo Health, Carestream Health, Everlight Radiology, Global Diagnostics, Imorgon Medical, Mcmarvin Private Limited, Medica Group Plc, RamSoft, TechniDoc, USARAD Holdings Inc., vRad, Argus Radiology, Metropolis Healthcare, Vijaya Diagnostics, Aster Medical Imaging

 

By Products and Services

  • Teleradiology Services

  • Software

By Imaging Technique

  • Ultrasounds

  • Magnetic Resonance Imaging (MRI)

  • Nuclear Imaging

  • Fluoroscopy

  • Mammography

  • Other Imaging Techniques

  • Computed Tomography (CT)

  • X-rays

By End User

  • Hospitals

  • Ambulatory Imaging Centers

  • Radiology Clinics

By Region

  • North India

  • South India

  • East India

  • West India

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. India Teleradiology Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing demand for radiology services
        2. Shortage of qualified radiologists
        3. Government initiatives promoting telemedicine
        4. Cost-effectiveness compared to in-house radiology departments
      2. Restraints
        1. Data security and privacy concerns
        2. Reimbursement challenges for teleradiology services
        3. Limited bandwidth and infrastructure limitations
      3. Opportunities
        1. Technological advancements for efficiency and accuracy
        2. Integration with mobile health (mHealth) platforms
        3. Providing access to specialized radiology services
      4. Challenges
        1. Need for clearer regulations and standardized practices
        2. Efficient integration with existing healthcare systems
        3. Training a skilled workforce for teleradiology operations
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. India Teleradiology Market: Marketing Strategies
  5. India Teleradiology Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products and Services
        1. Teleradiology Services
        2. Software
          1. Picture Archiving and Communication System (PACS)
          2. Radiology Information System (RIS)
      2. By Imaging Technique
        1. Ultrasounds
        2. Magnetic resonance imaging (MRI)
        3. Nuclear imaging
        4. Fluoroscopy
        5. Mammography
        6. Other imaging techniques
        7. Computed tomography (CT)
        8. X-rays
      3. By End User
        1. Hospitals
        2. Ambulatory Imaging Center
        3. Radiology Clinics
      4. By Region
        1. North India
        2. South India
        3. East India
        4. West India
  6. North India Teleradiology Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products and Services
      2. By Imaging Technique
      3. By End User
  7. South India Teleradiology Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products and Services
      2. By Imaging Technique
      3. By End User
  8. East India Teleradiology Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products and Services
      2. By Imaging Technique
      3. By End User
  9. West India Teleradiology Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Products and Services
      2. By Imaging Technique
      3. By End User
  10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. India Teleradiology Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  11. Impact of Escalating Geopolitical Tensions on India Teleradiology Market
  12. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Teleradiology Solutions
    2. 4ways
    3. Mednax Services Inc
    4. 5C Network Pvt Ltd
    5. Aikenist
    6. Apollo Health
    7. Carestream Health
    8. Everlight Radiology
    9. Global Diagnostics
    10. Imorgon Medical
    11. Mcmarvin Private Limited
    12. Medica Group Plc
    13. RamSoft
    14. TechniDoc
    15. USARAD Holdings, Inc.
    16. vRad
    17. Argus Radiology
    18. Metropolis Healthcare
    19. Vijaya Diagnostics
    20. Aster Medical Imaging
    21. Other Prominent Players
  13. Key Strategic Recommendations
  14. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non–listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       India Teleradiology Segmentation

Figure 2       India Teleradiology Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       India Teleradiology Market Size, By Value (USD Million), 2019–2030

Figure 5       India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Figure 6       India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Figure 7       India Teleradiology Market Share, By End User, By Value, 2019–2030

Figure 8       North India Teleradiology Market Size, By Value (USD Million), 2019–2030

Figure 9       North India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Figure 10     North India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Figure 11     North India Teleradiology Market Share, By End User, By Value, 2019–2030

Figure 12     South India Teleradiology Market Size, By Value (USD Million), 2019–2030

Figure 13     South India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Figure 14     South India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Figure 15     South India Teleradiology Market Share, By End User, By Value, 2019–2030

Figure 16     East India Teleradiology Market Size, By Value (USD Million), 2019–2030

Figure 17     East India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Figure 18     East India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Figure 19     East India Teleradiology Market Share, By End User, By Value, 2019–2030

Figure 20     West India Teleradiology Market Size, By Value (USD Million), 2019–2030

Figure 21     West India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Figure 22     West India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Figure 23     West India Teleradiology Market Share, By End User, By Value, 2019–2030

List of Tables

 

Table 1        India Teleradiology Market Size, By Value (USD Million), 2019–2030

Table 2        India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Table 3        India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Table 4        India Teleradiology Market Share, By End User, By Value, 2019–2030

Table 5        North India Teleradiology Market Size, By Value (USD Million), 2019–2030

Table 6        North India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Table 7        North India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Table 8        North India Teleradiology Market Share, By End User, By Value, 2019–2030

Table 9        South India Teleradiology Market Size, By Value (USD Million), 2019–2030

Table 10      South India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Table 11      South India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Table 12      South India Teleradiology Market Share, By End User, By Value, 2019–2030

Table 13      East India Teleradiology Market Size, By Value (USD Million), 2019–2030

Table 14      East India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Table 15      East India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Table 16      East India Teleradiology Market Share, By End User, By Value, 2019–2030

Table 17      West India Teleradiology Market Size, By Value (USD Million), 2019–2030

Table 18      West India Teleradiology Market Share, By Products and Services, By Value, 2019–2030

Table 19      West India Teleradiology Market Share, By Imaging Technique, By Value, 2019–2030

Table 20      West India Teleradiology Market Share, By End User, By Value, 2019–2030

Table 21      Teleradiology Solutions Company Overview

Table 22      Teleradiology Solutions Company Overview

Table 23      4ways Company Overview

Table 24      4ways Company Overview

Table 25      Mednax Services Inc Company Overview

Table 26      Mednax Services Inc Company Overview

Table 27      5C Network Pvt Ltd Company Overview

Table 28      5C Network Pvt Ltd Company Overview

Table 29      Aikenist Company Overview

Table 30      Aikenist Company Overview

Table 31      Apollo Health Company Overview

Table 32      Apollo Health Company Overview

Table 33      Carestream Health Company Overview

Table 34      Carestream Health Company Overview

Table 35      Everlight Radiology Company Overview

Table 36      Everlight Radiology Company Overview

Table 37      Global Diagnostics Company Overview

Table 38      Global Diagnostics Company Overview

Table 39      Imorgon Medical Company Overview

Table 40      Imorgon Medical Company Overview

Table 41      Mcmarvin Private Limited Company Overview

Table 42      Mcmarvin Private Limited Company Overview

Table 43      Medica Group Plc Company Overview

Table 44      Medica Group Plc Company Overview

Table 45      RamSoft Company Overview

Table 46      RamSoft Company Overview

Table 47      TechniDoc Company Overview

Table 48      TechniDoc Company Overview

Table 49      USARAD Holdings, Inc. Company Overview

Table 50      USARAD Holdings, Inc. Company Overview

Table 51      vRad Company Overview

Table 52      vRad Company Overview

Table 53      Argus Radiology Company Overview

Table 54      Argus Radiology Company Overview

Table 55      Metropolis Healthcare Company Overview

Table 56      Metropolis Healthcare Company Overview

Table 57      Vijaya Diagnostics Company Overview

Table 58      Vijaya Diagnostics Company Overview

Table 59      Aster Medical Imaging Company Overview

Table 60      Aster Medical Imaging Company Overview

Table 61      Other Prominent Players Company Overview

Table 62      Other Prominent Players Company Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The India Teleradiology Market size by value was estimated at USD 1.85 billion in 2023.
Ans: The India Teleradiology Market by value is expected to grow at a CAGR of 12.11% during the forecast period between 2024 and 2030.
Ans: The India Teleradiology Market size is forecast to reach a value of USD 2.43 billion by 2030.
Ans: The growth of the India Teleradiology Market is primarily driven by an increasing demand for radiology services is evident, rising shortage of qualified radiologists, growing government initiatives are promoting telemedicine, and cost-effectiveness compared to in-house radiology departments.
Ans: Key players in India Teleradiology Market include Teleradiology Solutions, 4ways, Mednax Services Inc, 5C Network Pvt. Ltd., Aikenist, Apollo Health, Carestream Health, Everlight Radiology, Global Diagnostics, Imorgon Medical, Mcmarvin Private Limited, Medica Group Plc, RamSoft, TechniDoc, USARAD Holdings Inc., vRad, Argus Radiology, Metropolis Healthcare, Vijaya Diagnostics, and Aster Medical Imaging.
Ans: The x-rays segment is expected to grow at the highest CAGR in the India Teleradiology Market during the forecast period between 2024 and 2030.
Ans: The hospitals segment holds a major share in the India Teleradiology Market by end user.