The North America Radiology as a Service Market is expected to witness market growth of 21.8% CAGR during the forecast period (2021-2027).
Radiology is a crucial equipment to diagnose different diseases and has played a highly significant role in the monitoring of treatment and predicting the outcome. In addition, radiology is defined as the medical specialty that utilizes imaging technology for the treatment and detection of diseases that are observed within the human body.
As per the National Cancer Institute, cancer will be detected in approximately 39.5% of individuals during their lifespan. In 2018, 18.1 million people were detected with cancer around the world, and the number is expected to increase to 29.5 million by 2040. Moreover, the growth of radiology as a service market is expected to be fuelled by the rise in the number of medical images and the scarcity of radiologists across the world.
North America is home to some of the most developed countries such as the US, Canada, and others. These countries have well-established and advanced healthcare infrastructures which are also equipped with the latest technologies and cutting-edge medical devices, which is expected to boost the growth of the regional radiology as a service market during the forecasting period. The high disposable income of the regional consumers allows them to increase their healthcare spending on treatments such as radiology in different forms, which is expected to create more demand for new radiology systems in the region.
The US market dominated the North America Teleradiology Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $667.1 million by 2027. The Canada market is expected to exhibit a CAGR of 24.3% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 23.2% during (2021 - 2027).
Based on Service, the market is segmented into Teleradiology, Cloud-based Imaging IT Services, Consulting Services, and Technology Management Services. Based on End User, the market is segmented into Hospitals, Diagnostic Imaging Centers, Radiology Clinics, Physician Offices, and Nursing Homes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medica Group PLC, Virtual Radiologic (Radiology Partners, Inc.), Teleconsult Europe, Vesta Teleradiology, Teleradiology Solutions, Inc., ONRAD, Inc., Ambra Health, and RamSoft, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Service
- Teleradiology
- Cloud-based Imaging IT Services
- Consulting Services
- Technology Management Services
By End User
- Hospitals
- Diagnostic Imaging Centers
- Radiology Clinics
- Physician Offices
- Nursing Homes
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medica Group PLC
- Virtual Radiologic (Radiology Partners, Inc.)
- Teleconsult Europe
- Vesta Teleradiology
- Teleradiology Solutions, Inc.
- ONRAD, Inc.
- Ambra Health
- RamSoft, Inc.
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Table of Contents
Companies Mentioned
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medica Group PLC
- Virtual Radiologic (Radiology Partners, Inc.)
- Teleconsult Europe
- Vesta Teleradiology
- Teleradiology Solutions, Inc.
- ONRAD, Inc.
- Ambra Health
- RamSoft, Inc.
Methodology
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