Published On : 2016-12-07
Striving to tune in people with a swipe of technology in healthcare domain, there has been a compelling need of teleradiology in various hospitals and research institutes. We belong to an impatient world where people demand prompt response and immediate results irrespective of domain. This undoubtedly applies to the healthcare sector. Taking a few steps back in history, innumerable patients were compelled to approach hospitals physically, in order to refer to doctors. Around 150 years ago, development of wire transmission, enabled people to communicate on telephone, which by 2010 was subject to breakthrough changes enabling patients and doctors to communicate wirelessly owing to recent advances in cloud computing. Impact of technological advancements have further had an effect on the dynamics of the global teleradiology market. The global teleradiology services marketis estimated to reach US$ 1,971.4 Mn by 2016-end, and increase at a CAGR of 21% over the forecast period, 2016–2026.
Top Five Teleradiology Trends:
1. Convenient Treatment and Improved Mobility Solutions:
In parallel to the rapid pace of technology, teleradiology offers end users to communicate wirelessly through transmission of data such as X-Rays, MRIs and CT scans. Owing to recent advances such as cloud computing, doctors and patients can store data and images in cloud, which can be accessed by doctor and patients to further the treatment process. Due to such advancement in technology, patients can conveniently approach doctors and get virtual access to treatment irrespective of their venue.
2. Socio-Economic Reasons:
Innumerable diseases and health issues are outcome of unhealthy practices and lifestyle. Irregular meals, consumption of unhygienic food, sedentary lifestyle in parallel to irregular sleep are factors that have led to increase in patients dealing with diverse health-related issues. Furthermore, unhealthy practices such as consumption of alcohol, drugs and cigarettes have drawn people to irresistible addiction making them victims of severe health-related issues such as cancer, asthma, alcohol-related liver disease (ARLD) and various other ailments. In addition, innumerable youngsters engage in various sports activities, during which, they happen to injure themselves leading to fracture or muscle pain. Besides, growing geriatric population prone to various diseases and health issues further find ease in accessing cure irrespective of time and venue. Such factors are projected to rev up growth of the global teleradiology market over the following decade.
3. Technical Approach:
Due to an upsurge in technological developments, prices of technically enhanced products have surged to an unaffordable level. However, various hospitals, research centres, training centres and other institutes have increasingly adopted teleradiology attributed to convenient accessibility of data irrespective of time and place. Seaming distal cracks and bringing in latest technology, teleradiology is a technique equipped with cloud computing that enables transmitting, accessing and analysing data stored on cloud computers. Furthermore, teleradiology allows radiologists to use enhanced techniques such as voice recognition, graphics processing, image compression and various other tools to enable radiologist to analyse data stored, which can be accessed by patients to review results.
4. Geographical Analysis:
Among various countries of North America, the U.S is estimated to dominate the global teleradiology market in terms of revenue and accounted for around 90% of the North America teleradiology market. Whereas, Canada accounts for 10% of market share, owing to large non-hospital-based teleradiology services network, Real Time Medical with 70 subscribers across the nation. Moreover, Canada with various teleradiology services providers cropping up, the teleradiology market is predicted to witness a boost in growth in coming years. Conversely, EU5 is projected to be second most lucrative market, following North America. In addition, APEJ adds to the list of significant regions impacting growth of the global market positively, owing to distinct services offered such as geographical location advantage and extensive teleradiology service provider. Due to insufficiency of well-equipped institutions of healthcare and absence of healthcare-related awareness among patient population in Rest Of the World (ROW), it is estimated to be relatively less attractive market teleradiology services.
5. Research and Training Purposes:
Teleradiology has enabled various institutions to leveraged learning status globally, owing to easy transmission and accessibility of study-related data. Furthermore, access to images and reports such as CT scans, MRIs and X-Rays, various students equip students with comprehend analysis-related to patient study. Teleradiology has equipped students with learning tool, without the need of being present at training venue. Teleradiology has further enabled global learning, as various students can approach teachers globally and equip research or projects with varying data-related to patient studies and other insights. This allows students to access premium and correct training contributing positively towards human kind. Such factors are further expected to escalate demand for teleradiology services and technology, which in turn is expected to contribute significantly towards growth of the global teleradiology market in the span of next ten years.
Tagged with innumerable benefits, teleradiology offers end users with convenience along with increased mobility solution, easy analysis for radiologists owing to access to various tools, fast access to patient-related data and training to many. The ever changing technology has taken the world by storm, not sparing healthcare sector, outcome of which has availed ease of accessing treatment and guidance by doctors without approaching hospitals physically. Teleradiology has been a boon for innumerable patients, particularly victims of physical inactivity.
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