Spain's Teleradiology market size was valued at $46 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2030 and will reach $ 103 Mn in 2030. The market is segmented by application, modality, technology solutions, and end user. Teleradiology is becoming increasingly popular in Spain due to the growing demand for remote healthcare services, particularly in rural or underserved areas. The key market players are Radiber, Teleradiología de España, Medicasur, Hospital Clínic de Barcelona, and Telerradand others.
Spain's Teleradiology market size was valued at $46 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 10.7% from 2022 to 2030 and will reach $ 103 Mn in 2030. According to data from the World Bank, Spain's healthcare expenditure as a percentage of GDP was 9.3% in 2019. This represents a total healthcare expenditure of approximately $177 Bn in 2019.
The use of teleradiology can help to reduce healthcare costs by providing more efficient and cost-effective access to medical imaging services. Additionally, teleradiology can help to reduce the need for expensive and time-consuming transfers of patients between hospitals for diagnostic purposes.
The adoption of teleradiology in Spain is increasing due to the benefits it provides, such as increased access to radiology services, improved patient outcomes, and reduced costs. This trend is likely to continue in the future, as more hospitals and clinics adopt teleradiology services as part of their overall healthcare strategy.
Teleradiology is a rapidly growing field in Spain, and has become an increasingly important part of the country's healthcare system in recent years. Teleradiology services in Spain are primarily provided by private companies, although some public hospitals and healthcare centers also offer teleradiology services. Teleradiology services are increasingly being used to provide round-the-clock coverage to hospitals and clinics, particularly in rural and remote areas that have limited access to radiologists. AI is being used in teleradiology to help radiologists analyze medical images more efficiently and accurately. For example, AI algorithms can be used to help detect abnormalities in medical images, reducing the time and effort required for radiologists to analyze the images. The use of teleradiology has raised concerns about the quality and accuracy of diagnostic results. To address this, teleradiology companies in Spain are implementing rigorous quality control measures to ensure the highest standards of patient care. Overall, the teleradiology market in Spain is evolving rapidly, and these emerging trends are likely to shape the future of teleradiology in the country.
Market Growth Drivers
Market Restraints:
Key Players
2020: Radiber acquired Spanish teleradiology company Teleradiología de España
2019: Telemedicine Clinic Spain partnered with Spanish hospital group Quirónsalud in 2019 to provide teleradiology services.
Teleradiology regulations in Spain are mainly governed by the Spanish Royal Decree 1131/2002 of September 6, which establishes the minimum requirements for the provision of teleradiology services. Some of the key regulations related to teleradiology in Spain are:
Licensing and accreditation: Teleradiology service providers must be licensed and accredited by the competent authorities in Spain, and comply with the relevant quality standards and guidelines.
Data protection and patient confidentiality: Teleradiology service providers must comply with the Spanish Data Protection Act and ensure the confidentiality and security of patient data.
Technical requirements: Teleradiology service providers must ensure that the technical infrastructure used for teleradiology services is reliable, secure and complies with the relevant technical standards.
Reporting and record-keeping: Teleradiology service providers must maintain accurate records of all teleradiology reports, and ensure that they are available to the referring physicians and other authorized healthcare professionals.
Professional liability insurance: Teleradiology service providers must have appropriate professional liability insurance to cover any potential harm or damage caused by their services.
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
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.
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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