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 MENA as well as regional teleradiology market. The study also highlights the impact of drivers, restraints, and macro indicators on the MENA 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 MENA teleradiology market. The value of the teleradiology market in 2022 was nearly USD 141 million and is expected to reach about USD 341 million in 2028 with a CAGR of approximately 16% during the forecast period.
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. 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. Teleradiology term is used to refer to the interpretation of medical images by radiologists. If the radiologist is not able to be physically present in a particular place teleradiology is an effective operation to face this kind of situation.
The teleradiology market is primarily driven by the increasing development in the healthcare sector. The new advances in technology are supporting the growth of teleradiology, along with this there is a huge impact of the development of technologies such as digital healthcare technologies, artificial intelligence in the medical field, VR or AR, nanotechnology, and others which are propelling to the development and adoption of teleradiology market. Additionally, increasing diseases in the country also support the growth of the market. Computed tomography images, X-rays, and magnetic resonance images are used to diagnose or analysis of different medical conditions so the increasing population suffering from different diseases is providing growth to the market. Moreover, Cancer is now the fastest-growing killing disease in the Middle East. MENA includes economically diverse countries, some of them are technically advanced countries with high availability of cancer treatment or no cancer treatment capabilities. The relative overall cancer survival rate is better, but in developing countries, it is less. The increasing number of cancer patients can provide a lucrative opportunity for the growth of the market. Although, the lack of adequate staff with desirable experience is hindering the growth of the market.
The teleradiology market is segmented into Saudi Arabia, UAE, Qatar, Kuwait, Egypt, Algeria, and the rest of the MENA. Saudi Arabia is expected to grow at a substantial rate due to the rising awareness about healthcare, high-income level, and increasing population in the country included in the region, these are the factors that boost the growth of the market. Additionally, rising investment by government and private organizations, partnerships, or collaboration between teleradiology service providers is propelling the growth of the teleradiology market in the country. Telemedicine is a regulated activity in Saudi Arabia since 2019. Along with this, Saudi Arabia’s government is working on healthcare transformation which opened up the platform for investments and generates exciting opportunities for international players which also provides growth opportunities for the teleradiology market.
|Market Size in 2021||Nearly USD 141 Million|
|Market Size by 2028||About USD 341 Million|
|Growth Rate from 2022 to 2028||CAGR of Approximately 16%|
|Largest Market||Saudi Arabia|
|No. of Pages||80|
|Market Segmentation||By Product, and By Application|
|Regional Scope||Saudi Arabia, UAE, Qatar, Kuwait, Egypt, Sudan, and Rest of MENA|
The report on MENA 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.
The report provides profiles of the companies in the market such as Apollo TeleHealth, Virtual Radiologic (vRAD), Arkan United, TGL Radiology Services, Allergotek, Saudi Diagnostic Limited Co., AL-OS’RAH MEDICAL COMPANY, Future Teleradiology Solution India, Aster Medical Imaging, LLC, and Global Hawk Imaging and Diagnostics.
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.
Please Choose One of them.