Increasing prevalence of various chronic diseases including cancer, cellulitis, osteomyelitis, etc., and growing number of emergency cases are key factors driving market revenue growth.
Market Size - USD 7,824.0 Million in 2020, Market Growth - CAGR of 22.7%, Market Trends - Rising adoption of teleradiology by healthcare professionals to access patient illness history and details from anywhere for timely diagnosis.
The global teleradiology market size is expected to reach USD 40.82 Billion in 2028, and register a CAGR of 22.7% during the forecast period. Increasing integration of Artificial Intelligence (AI) and implementation of Picture Archiving and Communication System (PACS) into teleradiology, and growing investments in R&D projects related to eHealth are some of the major factors expected to drive market growth.
Teleradiology is a branch of telemedicine in which telecommunication systems are used to transmit radiological images from one location to another. Teleradiology applications include teleconsultation, telemonitoring, and telediagnosis, which enable radiologists to effectively perform daily work. Teleradiology provides on-site solutions through cloud networks globally and real-time interpretation.
Some Key Findings From the Report:
For the purpose of this report, the global teleradiology market is segmented on the basis of imaging technique, end-use, and region:
Imaging Technique Outlook
End Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 7,824.0 Million in 2020, Market Growth - CAGR of 22.7%, Market Trends - Rising adoption of teleradiology by healthcare professionals to access patient illness history and details from anywhere for timely diagnosis.
The global teleradiology market size is expected to reach USD 40.82 Billion in 2028, and register a CAGR of 22.7% during the forecast period. Increasing integration of Artificial Intelligence (AI) and implementation of Picture Archiving and Communication System (PACS) into teleradiology, and growing investments in R&D projects related to eHealth are some of the major factors expected to drive market growth.
Teleradiology is a branch of telemedicine in which telecommunication systems are used to transmit radiological images from one location to another. Teleradiology applications include teleconsultation, telemonitoring, and telediagnosis, which enable radiologists to effectively perform daily work. Teleradiology provides on-site solutions through cloud networks globally and real-time interpretation.
Some Key Findings From the Report:
- Among the end-use segments, the hospitals segment accounted for the largest revenue share of 42.9% in 2020, due to higher patient footfall in hospitals as compared to clinics and other healthcare diagnostic centers.
- North America market is expected to dominate in the global teleradiology market over the forecast period, due to presence of major players in countries in the region, and constant focus and spending in development of advanced healthcare sector.
- The Asia Pacific market size was USD 1,799.5 Million in 2020, and revenue from the APAC market is expected to expand at a robust growth rate during the forecast period, due to investments in expansion of healthcare infrastructure and rising need and demand for advanced technologies for smooth functioning in healthcare sector and to offer better and timely diagnosis and treatment to patients.
- Key players profiled in the report include Siemens AG, Teleradiology Solutions (TRS), Global Diagnostics Limited., Mednax, Inc., Onrad, Inc., Telediagnostics Services Pvt. Ltd., Everlight Radiology, Agfa-Gevaert Group, Radisphere National Radiology Group, Inc., and Fujifilm Medical Systems, Inc. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global teleradiology market is segmented on the basis of imaging technique, end-use, and region:
Imaging Technique Outlook
- X-rays
- Computed Tomography (CT)
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Nuclear imaging
- Fluoroscopy
- Mammography
End Use Outlook
- Hospitals
- Ambulatory Surgical Centers
- Diagnostic Centers
- Others
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Teleradiology Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Teleradiology Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Teleradiology Market Segmentation & Impact Analysis
Chapter 5. Teleradiology Market by Technique Insights & Trends
Chapter 6. Teleradiology Market by End Use Insights & Trends
Chapter 7. Teleradiology Market Regional Outlook
Chapter 8. Competitive Landscape
Chapter 9. Company Profiles
