Italy Teleradiology Market Analysis

Italy Teleradiology Market Analysis


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The Italy Teleradiology market size was valued at $57 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030 and will reach $ 133 Mn in 2030. The market is segmented by application, modality, technology solutions, and end user. The Italy 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 Telemedicina Italiana S.r.l., LaBS - Laboratorio di Bioingegneria e di Informatica Sanitaria, MEDICAIM S.r.l., Telerradiologia Italia S.r.l., Telerad Italia S.r.l., and others.

ID: IN10ITDH140 CATEGORY: Digital Health GEOGRAPHY: Italy

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Italy Teleradiology Market Executive Summary

The Italy Teleradiology market size was valued at $57 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030 and will reach $ 133 Mn in 2030. According to data from the Organization for Economic Cooperation and Development (OECD), Italy's total healthcare expenditure was around 8.9% of its gross domestic product (GDP) in 2019. However, specific data on Italy's telehealth expenditure is not readily available.

The use of telehealth including teleradiology in Italy has been increasing in recent years, particularly in response to the COVID-19 pandemic, which has led to an increased demand for remote healthcare services. The Italian government has also taken steps to promote the use of telehealth, including providing funding for telehealth projects and initiatives. In 2020, the Italian government launched a $4.9 Bn plan to support the country's healthcare system in response to the pandemic, which included funding for the development and expansion of telehealth services. The plan included funding for the development of remote monitoring and teleconsultation services, as well as the purchase of telemedicine equipment.

Teleradiology is a medical imaging subspecialty 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. Teleradiology is typically used when radiology services are not available on site, such as in remote or underserved areas, or when there is a shortage of radiologists. Teleradiology allows radiologists to work remotely, interpreting images from different locations and transmitting their diagnoses back to healthcare providers or patients. This helps to improve patient access to radiology services and reduces the need for patients to travel to receive medical care.

Teleradiology is made possible through the use of advanced technologies, such as electronic medical records (EMRs) and picture archiving and communication systems (PACS), which enable medical images to be transmitted and stored securely. Teleradiology has several advantages, including faster turnaround times for radiology reports, reduced healthcare costs, and improved patient outcomes

Teleradiology providers can adopt a patient-centric approach, providing personalized and convenient services that meet the needs and preferences of patients. Teleradiology providers can partner with hospitals and clinics to provide remote radiology services, helping to expand their reach and increase revenue streams. AI can be used to analyse medical images and assist radiologists in making diagnoses, leading to faster turnaround times and improved accuracy. Cloud-based teleradiology services are becoming more popular in Italy, as they offer flexibility and scalability, and eliminate the need for expensive on-premises infrastructure. With the rise of remote healthcare services, home-based teleradiology services are becoming more popular in Italy. This allows patients to receive radiology services from the comfort of their own homes, without having to travel to a hospital or clinic. Mobile teleradiology services, such as smartphone-based imaging apps, are gaining popularity in Italy, providing patients with the ability to capture and transmit medical images from their mobile devices.3D printing technology is increasingly being used in teleradiology to produce physical models of medical images, which can aid in surgical planning and education. Overall, the teleradiology market in Italy is expected to continue growing in the coming years, driven by technological advancements and increasing demand for remote healthcare services.

italy teleradiology market

 

 

Market Dynamics

Market Growth Drivers

  1. Shortage of Radiologists: Italy is facing a shortage of radiologists in many regions, which is driving the demand for teleradiology services.
  2. Increasing demand for remote healthcare: Teleradiology is becoming increasingly popular in Italy due to the growing demand for remote healthcare services, particularly in rural or underserved areas.
  3. Advancements in technology: 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, increasing the adoption of teleradiology.
  4. Cost-effective: Teleradiology can be cost-effective compared to traditional radiology services, as it eliminates the need for expensive equipment and staff.
  5. Improved patient outcomes: Teleradiology can lead to faster turnaround times for radiology reports and reduce the risk of misdiagnosis, leading to improved patient outcomes.

Market Restraints:

  1. Data protection: Teleradiology providers must comply with data protection regulations in Italy, including the General Data Protection Regulation (GDPR), which can increase the costs and complexity of providing teleradiology services.
  2. Lack of standardization: There is a lack of standardization in teleradiology practices, leading to variations in the quality of services provided.
  3. Resistance to change: Traditional healthcare providers may be resistant to change and the adoption of new technology, which can slow the growth of the teleradiology market.
  4. Language barriers: Italy has many regions with different languages and dialects, which can make it difficult for teleradiology providers to communicate effectively with patients and healthcare providers in some areas.
  5. Legal and regulatory challenges: Teleradiology services must comply with various legal and regulatory requirements, such as licensing and quality standards, which can increase the costs and complexity of providing teleradiology services.

Competitive Landscape

Key Players

  • Telemedicina Italiana S.r.l.
  • LaBS - Laboratorio di Bioingegneria e di Informatica Sanitaria
  • MEDICAIM S.r.l.
  • Telerradiologia Italia S.r.l.
  • Telerad Italia S.r.l.
  • Esaote SpA
  • Ospedale del futuro
  • CompuGroup Medical Italia S.r.l.
  • Medsynaptic Pvt. Ltd.
  • Mediturn S.r.l.

Recent Developments

January 2021: Mednax announced the acquisition of radiology practices in Italy, including teleradiology services provider, Radiologie 31.

Healthcare Policies and Regulatory Landscape

In Italy, teleradiology is regulated by the Italian Ministry of Health, which has issued specific guidelines for the use of telemedicine in healthcare services. These guidelines include regulations for the use of telemedicine in radiology. According to the guidelines, teleradiology services can only be provided by qualified radiologists who are registered with the Italian Medical Association. Additionally, teleradiology providers must comply with the same standards of care and quality as traditional radiology services, including the use of high-quality imaging equipment, secure image transmission and storage, and adherence to patient confidentiality and privacy laws.

Teleradiology providers must also establish a system for tracking and archiving radiological images and reports, and must ensure that patient data is stored securely and protected against unauthorized access or use. Moreover, teleradiology providers must establish clear communication channels with referring physicians, including a system for sharing images and reports, providing consultations and referrals, and addressing any questions or concerns that may arise. Overall, teleradiology is subject to the same standards of care and quality as traditional radiology services in Italy, and providers must adhere to strict regulations to ensure patient safety and privacy.

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”.

 

Stage I: Market Data Collection

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
  • ​Analyzing current needs and determining penetration to estimate the market

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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.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 13 March 2023
Updated by: Dhruv Joshi

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