"India has a tremendous need for AI augmentation in radiology because of the drastic increase in radiologist workload. For a country of 1.3 billion population, India has a total of 10,000 radiologists. The radiologist to patient ratio in India is approximately 1:1,00,000 which is ten times worse than in the US. According to published research, the retrospective error rate among radiologic examinations is approximately 30%. The Indian diagnostic industry is expected to grow at a CAGR of 20% in the next 5 years with new labs opening up in Tier 2 and Tier 3 cities. This can be ascribed to the growing population in the country, which is susceptible to various diseases, especially the geriatric population. Additionally, growing healthcare awareness among the population related to early disease diagnosis and treatment is expected to fuel the market growth over the next few years."

- Bharadwaj Kss, Chief Executive Officer, Endimension Technology, Mumbai

L-R- Bharadwaj Kss, Apparao Mlv and Kurien Zacharia