Albany, NY -- (SBWIRE) -- 02/10/2014 -- Teleradiology Market refers to the electronic transmission of radiological images from one location to another in a digital format via internet technology. Image transfer is carried out from the primary acquisition site (sender’s end) to a secondary location (receiver’s end) for the purpose of either official diagnosis or consultation. Consistent developments in digital imaging technology coupled with fewer radiologists across the globe favor the growth and acceptance of teleradiology technologies and services. Also, in addition, increasing acceptance of internet technology and social media platforms will further augment the diffusion of teleradiology practices worldwide. Continuous upgradation of Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS), has enhanced the overall teleradiology process (right from image capture, storage, processing and reporting).

Teleradiology involves the electronic transmission of the radiologic images from the sender’s workstation to receiver’s workstation via internet technology. Teleradiology is one of the highest revenue generators of telehealth technologies, for instance it accounts for about 70% revenue of the total telehealth services. Teleradiology being one of the mature segment of telehealth industryfocuses on delivery of healthcare services with the help of advanced information and communication tools in order to exchange the information for effective diagnosis and treatment.In the past, this process involved analog images that needed to be converted to digital binary code and then forwarded to the receiving station.

The conventional process of conversion of analog images to digital images consumed huge amounts of space and unarguably was a tedious task without any assurance for image quality and accuracy of the data. However, with the evolution of Picture Archiving and Communication Systems (PACS) and Radiology Information Systems (RIS), there has been a significant rise in need and demand of teleradiology technologies and services.Also, increased implementation and usage pattern of high bandwidth internet technology along with improved healthcare awareness worldwide further propelled the growth and acceptance of teleradiology practices.In addition, increasing mobile health (mHealth) applications for teleradiology enables radiologists to increase their speed of consultation and interpretation while commuting thereby, eliminating possibility of moving to physical workstation.All these factors collectively enhance the scope for growth and development of teleradiology technologies and services.

Evolution of several medical imaging platforms such as Magnetic Resonance Imaging (MRI), Computed Tomography (CT) and others directly influence the digitization of teleradiology services. For instance, filmless digital x-ray and hi-tech MRI equipment enables effective transmission of radiologic images with less complications. The cost of teleradiology services depends on modality of study coupled with report turnaround time. Also, the cost of the services increases along with increasing complexity of the images. For instance, x-ray teleradiology costs around USD 8 to USD 12 whereas MRI teleradiology incurs around USD 40 to USD 50, as MRI images are more complex and require high turnaround times. The introduction of avant-garde imaging platforms along with enhanced healthcare informatics, lead to overall development and acceptance of teleradiology practices worldwide.However, an imbalance between the rates of utilization of imaging platforms followed by supply of qualified radiologists worldwide, created a need and demand for effective teleradiology practices.

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Geographically, North America dominated the global teleradiology market in 2012 with a revenue share of over 33%. This is attributed to presence of well-equipped hospitals and healthcare institutions, well informed patients and increased use of high bandwidth internet technologies. In addition, ready acceptance of novel medical approaches coupled with increased healthcare expenditure further propels the scope and demand for teleradiology practices in this region. Western Europe follows the growth trend of North American region owing to its technological advancements followed by improved healthcare awareness. In Asia-Pacific ongoing developments of medical imaging platforms and healthcare informatics, are expected to drive the growth of this market during the forecast period. On the other hand factors such as high cost of technology followed by lack of security of image data might hamper the growth of teleradiology technologies worldwide.

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