GCC Teleradiology Market (Product - X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), and Nuclear Imaging; Application - Tele-diagnosis, Tele-consultation, and Tele-monitoring): Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report ongoing study by Infinium Global Research on the teleradiology market provides an in-depth analysis of segments and sub-segments in the GCC as well as regional teleradiology market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional teleradiology market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the GCC teleradiology market. The value of the teleradiology market in 2022 was more than USD 89 million and expected to reach nearly USD 228 million in 2028 with a CAGR of about 17% during the forecast period.

Market Insight

Teleradiology term is used to refer to the interpretation of medical images by radiologists while he is not physically present in the particular place where the images are generated. Teleradiology is a branch of telemedicine in which electronic transmission of radiological patient images, such as computed tomography images, X-rays, and magnetic resonance images, takes place. Teleradiology is utilized by Hospitals, urgent care facilities, mobile imaging companies, and some private clinics. The first steps in teleradiology is taken in 1929 when a medical image was transmitted via telegraph to a distant location since then there is much development in the field.

The teleradiology market is primarily driven by the increasing expense to have a radiologist on-site. It is not always possible for everyone to appoint a radiologist due to the high expense related to radiology practices. Also, there is a time limit for patients who are seriously injured or are in critical condition, it is very hard to get a radiologist on-site. In such conditions, to perform radiological practices, the Teleradiology technique is used which propels the growth of the market. Additionally, by considering the growing demand for Teleradiology, governments of different countries are investing and collaborating with service providers of Teleradiology which also supports the growth of the market. For instance, In March 2022, Hamad Medical Corporation, the principal public healthcare provider in the State of Qatar signed a contract with Teleradiology Solutions (TRS), which is India’s leading teleradiology provider based in Bengaluru, India, and Pennsylvania, USA, for 100 crore contract to provide radiology reporting. Through this exclusive partnership agreement, TRS will provide radiology interpretations in collaboration with its expert panel of radiologists. This teleradiology service is delivered to Qatar by using its AI-enabled teleradiology workflow platform RADSpa. However, High research and development cost hampers the growth of the market. Although, the penetration of technology in rural areas of GCC is expected to create growth opportunities.

The teleradiology market is segmented into Saudi Arabia, UAE, Qatar, Kuwait, Sudan, and the rest of the GCC. Saudi Arabia is expected to grow at a substantial rate due to the early adoption of new technology, and a high standard of living. The high-income level, rising awareness about healthcare, and rising population in the country are propelling the growth of the market. Additionally, the increasing demand for healthcare owing to the continuously rising population, the Kingdom of Saudi Arabia’s (KSA) Ministry of Health (MOH) is actively seeking to improve the quality and efficiency of healthcare services medical imaging services. For the improvement of healthcare services government introduced private-sector participation. For instance, in 2004 the government introduced its first healthcare public-private partnership (PPP) venture for teleradiology. Thus, the increasing population, high spending on healthcare, and public-private partnership (PPP) venture for teleradiology is boosting the growth of the teleradiology market in the country. Moreover, Qatar also offers a substantial potential for the market growth owing to new technological development, and increasing collaboration and partnerships. Thus, the demand for teleradiology is expected to remain high in the region.

Report Scope of the Teleradiology Market:

Segment Covered

The report on GCC teleradiology market covers segments such as product, and application. On the basis of product, the sub-markets include x-ray, ultrasound, magnetic resonance imaging (mri), computed tomography (ct), and nuclear imaging. On the basis of application, the sub-markets include tele-diagnosis, tele-consultation, and tele-monitoring.

Companies Profiled:

The report provides profiles of the companies in the market such as Virtual Radiologic (vRAD), Arkan United, TGL Radiology Services, Allergotek, Saudi Diagnostic Limited Co., AL-OS’RAH MEDICAL COMPANY, Future Teleradiology Solution India, Global Hawk Imaging and Diagnostics, Aster Medical Imaging, LLC, and USARAD.COM.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the teleradiology market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.