Teleradiology Market: Market Segments: By Product (X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT) and Nuclear Imaging); By Technology (Hardware, Software and Telecom & Networking); By End-user (Hospitals, Ambulatory Imaging Centers and Radiology Clinics); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Teleradiology is the process of the interpretation and analysis of medical images by a radiologist who is not present at the location where the images were made. Hospitals, emergency treatment centers, telemedicine providers, and other hospitals make use of this programme. Teleradiology programmes enable radiologists to use online services without having to be physically present on site to enhance patient care and treatment.
Teleradiology Market is expected to project a notable CAGR of 23.3% in 2030.
Teleradiology Market to surpass USD 25.3 billion by 2030 from USD 7.5 billion in 2019 at a CAGR of 23.3% throughout the forecast period, i.e., 2020-30. The major high impact rendering drivers is growing demand for teleradiology in cases of second opinion and emergencies. Moreover, a shortage of healthcare professionals is leading to the adoption of teleradiology services especially in sub-specialist segments such as pediatric, neurology, and musculoskeletal radiology
Teleradiology Market: Segments
Computed Tomography (CT) segment to grow with the highest CAGR during 2020-30
Teleradiology Market is segmented by Product as X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT) and Nuclear Imaging. The X-ray segment held the largest revenue share of XX.X% in 2019. Some of the factors responsible for the dominance of the segment are economic pricing, high use in primary diagnosis, and the implementation of revolutionary devices such as filmless x-ray systems.
Teleradiology Market: Market Dynamics
Government initiatives to promote healthcare digitalization
Government programs to encourage the digitalization of healthcare are also expected to assist in business growth. The growth of the teleradiology market is driven by increased demand for radiological services due to the high prevalence of chronic diseases such as congestive heart failure and orthopedic injuries.
Low availability of broadband networks and shortage of skilled radiologists
One of the key factors that could hamper the growth of the global teleradiology services market is the high cost involved in the initial setup and implementation of imaging equipment and broadband infrastructure in remote locations. In addition, the chances of recovering the costs depend entirely on the number of scans per day that arrive.
Teleradiology Market: Key Players
- Envision Healthcare Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
- Agfa-Gevaert N.V.
- 4ways Healthcare Limited
- Teleradiology Solutions
- USARAD Holdings, Inc.
- ONRAD, Inc.
- TeleDiagnosys Services Pvt Ltd.
- Euro American Tele Radiology
- Cybernet Medical Corporation
Teleradiology Market: Regions
Teleradiology Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Teleradiology Market in North America held the largest market share of 38.7% in the year 2019. The key factors contributing to the region’s leading role are the growing target population base, the increasing prevalence of chronic diseases, and the involvement of major market players. In addition, the regional market is likely to be powered by developed infrastructure, supportive government policies and growing demand for effective teleradiology solutions. Over the forecast era, Asia Pacific is expected to see the fastest rise. This, combined with the rapidly expanding health system in the country, can be due to high unmet healthcare needs.
Teleradiology Market report also contains analysis on:
Teleradiology Market Segments:
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Nuclear Imaging
- ·Picture Archiving and Communication System (PACS)
- ·Radiology Information System (RIS)
- Telecom & Networking
- ·Web-Based Teleradiology Solutions
- ·Cloud-Based Teleradiology Solutions
- Ambulatory Imaging Centers
- Radiology Clinics
- Teleradiology Market Dynamics
- Teleradiology Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
FAQs on Teleradiology Market
? Which segment is anticipated to hold the largest market share?
? At what CAGR is the market anticipated to grow between 2020 and 2030?
? Who are the key players in the Teleradiology Market?
? What could be the challenging factors in the growth of Teleradiology Market?
? What are the growth drivers for the Teleradiology Market?