Egypt Teleradiology Market Analysis

Egypt Teleradiology Market Analysis


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The Egypt Teleradiology market size was valued at $7 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030 and will reach $ 18 Mn in 2030. The market is segmented by application, modality, technology solutions, and end user. The Egypt teleradiology market will grow due to advancements in technology, such as electronic medical records (EMRs) and picture archiving and communication systems (PACS), have made it easier to transmit and store medical images securely. The key market players are Alborg Laboratories & Radiology Services, Alfa Labs, Cairo Scan Radiology & Labs, Egypt Radiology Group, Ebtisama Radiology, MedMark Teleradiology, Mena Medical Solutions, Radiology Group, Telemedica Egypt and others.

ID: IN10EGDH140 CATEGORY: Digital Health GEOGRAPHY: Egypt AUTHOR: Chandani Patel

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Egypt Teleradiology Market Executive Summary

The Egypt Teleradiology market size was valued at $7 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 13.2% from 2022 to 2030 and will reach $ 18 Mn in 2030. Egypt's healthcare expenditure has been increasing steadily in recent years. According to the World Bank, healthcare expenditure in Egypt was 4.7% of the country's GDP in 2018. The government has also been investing in digital health initiatives to improve healthcare delivery and access.

Teleradiology is a branch of telemedicine that involves the transmission of radiological images and patient data from one location to another for the purpose of remote interpretation or consultation. In Egypt, teleradiology is becoming more popular as a way to improve access to radiology services in remote or underserved areas, as well as to reduce waiting times and improve the accuracy and speed of diagnoses.

Trends in teleradiology in Egypt include the use of artificial intelligence (AI) and machine learning algorithms to assist radiologists in interpreting images, as well as the use of mobile teleradiology units to provide services in areas without access to traditional radiology facilities. Additionally, teleradiology is being used to support medical tourism in Egypt by providing remote interpretation services for foreign patients. Teleradiology is expected to continue to grow in Egypt as the country continues to invest in digital health technologies and infrastructure. This will help to improve healthcare access and quality, particularly in remote or underserved areas.

egypt teleradiology market

Market Dynamics

Market Growth Drivers

  1. Improved access to radiology services: Teleradiology allows patients in remote or underserved areas to access radiology services without the need to travel to a radiology facility, which can be particularly beneficial in a country like Egypt with a large rural population.
  2. Reduction in waiting times: Teleradiology can help to reduce waiting times for radiology services by enabling faster image interpretation and diagnosis.
  3. Improved accuracy and speed of diagnoses: Teleradiology can facilitate remote consultation and collaboration among radiologists, which can lead to more accurate and faster diagnoses.
  4. Growing demand for healthcare services: The demand for healthcare services in Egypt is growing rapidly due to the country's increasing population and aging demographic, which is driving demand for teleradiology services.

Market Restraints:

  1. Limited internet infrastructure: The availability and quality of internet infrastructure in Egypt can be a challenge, particularly in remote areas, which can impact the ability to transmit and interpret radiology images remotely.
  2. Lack of regulatory framework: The lack of a clear regulatory framework for teleradiology in Egypt can lead to issues around data privacy and security, as well as quality assurance.
  3. Cost: The cost of teleradiology services can be a barrier to adoption for some patients and healthcare providers, particularly those in rural or underserved areas.

Competitive Landscape

Key Players

  • Alborg Laboratories & Radiology Services
  • Alfa Labs
  • Cairo Scan Radiology & Labs
  • Egypt Radiology Group
  • Ebtisama Radiology
  • MedMark Teleradiology
  • Mena Medical Solutions
  • RADSpa TeleRadiology Solutions
  • Radiology Group
  • Telemedica Egypt

Healthcare Policies and Regulatory Landscape

Teleradiology in Egypt is subject to regulatory oversight by the Ministry of Health and Population. There are currently no specific laws or regulations governing teleradiology in Egypt, although existing laws and regulations related to medical practice and data privacy are generally applicable.

In practice, teleradiology providers are expected to comply with relevant standards and guidelines related to medical practice, including those related to quality assurance, data privacy, and security. This may include following standards established by the International Organization for Standardization (ISO) or other relevant bodies.

Additionally, healthcare providers and teleradiology companies may need to obtain appropriate licenses or permits from relevant authorities in order to operate in Egypt. For example, healthcare facilities may need to obtain a license from the Ministry of Health and Population, while teleradiology providers may need to obtain a permit from the Egyptian Radio and Television Union.

1. Report Description of the Egypt 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. Egypt Teleradiology Market Executive Summary
2.1 Egypt Teleradiology Market – Market Overview
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of the Egypt Teleradiology Market
3.1 Market Growth Drivers Analysis
3.2 Market Restraints Analysis

4. Egypt 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:
4.2.1 X-Ray
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 Egypter
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
4.4.4 Others

5. Egypt 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
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
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 Egypt
8.2 Regulatory Framework in Egypt
8.3 Pricing & Reimbursement Scenario in Egypt Teleradiology Market

9. Factors Driving Future Growth
9.1 New Trends and Development Egypt Teleradiology Market
9.2 Future Opportunities

10. Strategic Recommendations

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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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

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Last updated on: 13 March 2023

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