To achieve its objective, TRS will also provide innovative services and adopt the latest technologies to deliver such services in the spectrum of radiologic subtypes. The company is working closely with a variety of partners (both private and government) to develop and deliver telehealth solutions that differentiate and impact its offerings.
Kishore JoshiTRS, Chief Business Officer, said, “TRS helps healthcare organizations stay relevant and competitive in this digital world. The next step for TRS is to build on its reputation for quality and excellence in delivering a range of innovative and cost-effective radiology solutions. We have increased our revenue by 300% for the year and we are ambitious to double our revenue every three years to 100 million based on our strategy for organic and inorganic opportunities ”.
The Indian market for teleradiology services is expected to grow in the next five years due to increasing demand for radiology services in rural areas. The scope of this market is not yet decided, but it is estimated that the potential size of the Indian market for pure-play teleradiology services could be around 1000 crores and the global market will grow by 15.3 per cent over USD 1 billion in the next five years. % CAGR. In the last five years, about eight states have prepared tenders for terradiology services.
With over 20 years of experience in the field, TRS has grown over the past two decades as an organic non-funded company and currently serves 150 hospitals in 21 countries. The global model of teleradiology has also enabled it to become more efficient and to mitigate the effects of dynamic market changes and epidemics. The company is growing at a rate of about 30% per year.
