The Brazil Teleradiology market size was valued at $59 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030 and will reach $ 154 Mn in 2030. The market is segmented by application, modality, technology solutions, and end user. The Brazil teleradiology market will grow due to Increasing demand for remote radiology services. The key market players are Telelaudo, Imex Medical Group, CMB Diagnósticos, Telemedicina Brasil, Medcloud, Telerrad, ONRAD, Telerradiologia do Brasil, Smart, Teleradiologia, Clínica Radiológica da Mulher.and others.
The Brazil Teleradiology market size was valued at $59 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 12.7% from 2022 to 2030 and will reach $ 154 Mn in 2030. Brazil's healthcare expenditure is around 9.2% of its GDP, with a significant portion of the expenditure being funded by the public sector. The digital health market in Brazil is growing rapidly, with an increasing number of startups and companies investing in digital health technologies. In 2020, the digital health market in Brazil was valued at around $6.4 Bn.
Teleradiology is a branch of telemedicine that involves the transmission of medical images, such as X-rays, CT scans, and MRI scans, from one location to another for the purpose of interpretation and diagnosis by a radiologist or other qualified medical professional. Teleradiology allows medical images to be interpreted and diagnosed remotely, which can be particularly useful in situations where access to radiology services is limited, such as in rural or remote areas or in emergency situations. The images can be transmitted electronically over secure networks and can be viewed on a computer or other digital device by the interpreting physician, who can provide a diagnosis and treatment plan based on the results. Teleradiology can improve patient outcomes by providing faster and more accurate diagnoses, particularly in emergency situations where time is critical.
Teleradiology is widely used in Brazil to improve access to radiological services in remote and rural areas. It allows radiologists to interpret medical images from remote locations, providing patients with access to radiological services that they might not otherwise have. Teleradiology is widely used in Brazil, particularly in remote and rural areas, to provide radiological services to patients who might not otherwise have access to these services. It is also used to support emergency care, where rapid diagnosis and treatment are essential.
The teleradiology market in Brazil is growing rapidly, driven by increasing demand for radiological services, advances in technology, and the need to improve access to healthcare in remote and rural areas.
Market Growth Drivers
The COVID-19 pandemic has increased the demand for remote healthcare services, including teleradiology, to limit in-person contact and reduce the risk of transmission of the virus. Additionally, In rural or remote areas of Brazil, access to radiologists may be limited. Teleradiology can help to provide radiology services to patients in these areas.
Moreover, Teleradiology can speed up the diagnostic process by allowing medical images to be interpreted quickly and accurately by a radiologist, regardless of their location. This can help to ensure that patients receive timely and appropriate care. Also, teleradiology allows radiologists to provide services outside of their normal working hours, which can be particularly useful for emergency cases.
Furthermore, teleradiology can be more cost-effective than traditional radiology services, as it eliminates the need for patients to travel to a physical location for imaging and interpretation services.
April 2021:Telelaudo announced a partnership with a Brazilian healthcare provider to provide remote diagnostic services to patients in the country.
July 2021: Medcloud raised $20 Mn in a Series B funding round to expand its teleradiology and telemedicine services in Brazil.
June 2021: ONRAD acquired a majority stake in Brazilian teleradiology provider, Telerad Brasil, in June 2021 to expand its presence in the Latin American market.
March 2021: Telemedicina Brasil partnered with Siemens Healthineers to integrate its teleradiology services with Siemens' diagnostic imaging solutions.
In Brazil, teleradiology services are regulated by the Brazilian Federal Council of Medicine (Conselho Federal de Medicina - CFM) and the Brazilian National Health Surveillance Agency (Agência Nacional de Vigilância Sanitária - ANVISA). The regulations require that teleradiology services be provided by licensed and accredited professionals and that patient data be transmitted and stored securely and confidentially.
1. Report Description of the Brazil Teleradiology Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. Brazil Teleradiology Market Executive Summary
2.1 Brazil Teleradiology Market – Market Overview
2.2 Market Size, Growth Prospects, and Key findings
3. Market Dynamics of the Brazil Teleradiology Market
3.1 Market Growth Drivers Analysis
3.2 Market Restraints Analysis
4. Brazil Teleradiology Market Segmentation
4.1 By Application
4.1.1 Picture Archiving and Communication System (PACS)
4.1.2 Radiology Information System (RIS)
4.2 By Modality:
4.2.2 Magnetic Resonance Imaging
4.2.3 Computed Tomography
4.2.4 Ultrasound Systems
4.2.5 Nuclear Imaging
4.3 By Technology Solutions
4.3.1 Web-Based Teleradiology Solutions
4.3.2 Cloud-Based Teleradiology Solutions
4.4 By End Braziler
4.4.1 Hospitals and Clinics
4.4.2 Diagnostic Imaging Center and Laboratories
4.4.3 Long-term Care Centres, Nursing Homes, Assisted Living Facilities
5. Brazil Teleradiology Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
7. Key Company Profiles
7.1 Company 1
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives
8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Brazil
8.2 Regulatory Framework in Brazil
8.3 Pricing & Reimbursement Scenario in Brazil Teleradiology Market
9. Factors Driving Future Growth
9.1 New Trends and Development Brazil Teleradiology Market
9.2 Future Opportunities
10. Strategic Recommendations
The market is divided into X-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, and mammography segments based on Modality. The computed tomography market category held the biggest market share in 2020. Several medical specialties employ computed tomography, including cardiology, cancer, neurology, abdominal and pelvic imaging, as well as spine and musculoskeletal imaging. The teleradiology market is expanding in this sector due to factors including the rising demand for early and accurate diagnosis, technical improvements, and digitalization in this industry. Around 100 million CT scans are performed annually worldwide, according to the WHO. The demand for CT scans over other imaging modalities has increased due to the desire to avoid exploratory procedures and advancements in cancer diagnosis and therapy.
By Technology Solutions
By End User
The market is divided into four categories based on the end users: long-term care facilities, nursing homes, and assisted living facilities; hospitals and clinics; diagnostic imaging centres and laboratories; and other end users. In 2019, the hospitals and clinics segment's revenue contribution was the highest. This segment's significant market share can be ascribed to the increase in diagnostic imaging operations carried out in hospitals, the hospitals' growing propensity to automate and digitise patient data, and the growing demand to raise the standard of patient care. In addition, the COVID-19 pandemic shortage of radiologists and the growing usage of new imaging modalities to boost hospital workflow efficiency are anticipated to enhance the development of this end-user segment.
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