Brazil Teleradiology Market Analysis

Brazil Teleradiology Market Analysis


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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.

ID: IN10BRDH140 CATEGORY: Digital Health GEOGRAPHY: Brazil AUTHOR: Chandani Patel

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Brazil Teleradiology Market Executive Summary

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.

brazil teleradiology market

Market Dynamics

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.

Market Restraints:

  1. Regulatory barriers: Regulatory barriers, including licensing and accreditation requirements, can be a barrier to the growth of the teleradiology market in Brazil.
  2. Quality concerns: Quality concerns regarding remote interpretations can be a barrier to the growth of the teleradiology market in Brazil.
  3. Security and privacy concerns: Teleradiology involves the transmission and storage of patient data, which can raise security and privacy concerns.

Competitive Landscape

Key Players

  • Telelaudo - offers teleradiology services to hospitals and clinics across Brazil.
  • Imex Medical Group - provides teleradiology and diagnostic imaging services to patients across Brazil.
  • CMB Diagnósticos - offers a range of diagnostic imaging services, including teleradiology, to patients across Brazil.
  • Telemedicina Brasil - provides teleradiology and telemedicine services to hospitals and clinics across Brazil.
  • Medcloud - offers cloud-based medical image management and teleradiology services to hospitals and clinics across Brazil.
  • Telerrad
  • ONRAD
  • Telerradiologia do Brasil
  • Smart Teleradiologia
  • Clínica Radiológica da Mulher.

Notable Deals:

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.

Healthcare Policies and Regulatory Landscape

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. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Teleradiology Market Segmentation

By Application

  • Picture Archiving and Communication System (PACS)
  • Radiology Information System (RIS)

By Modality:

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.

  • X-Ray
  • Magnetic Resonance Imaging
  • Computed Tomography
  • Ultrasound Systems
  • Nuclear Imaging

By Technology Solutions

  • Web-Based Teleradiology Solutions
  • Cloud-Based Teleradiology 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.

  • Hospitals and Clinics
  • Diagnostic Imaging Center and Laboratories
  • Long-term Care Centres, Nursing Homes, Assisted Living Facilities
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Last updated on: 13 March 2023
Updated by: Riya Doshi

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