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Global Teleradiology Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5692416
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The teleradiology market is poised to grow by $2,804.51 million during 2023-2027, accelerating at a CAGR of 15.52% during the forecast period. The market is driven by the increasing prevalence of diseases coupled with the growing geriatric population, technological advancements and upgrades in teleradiology modalities, and government initiatives encouraging IT adoption in healthcare.

This report on the teleradiology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The teleradiology market is segmented as below:

By Component

  • Hardware
  • Software
  • Telecom and networking

By Modality

  • CT
  • X-ray
  • Ultrasound
  • MRI
  • Nuclear imaging

By Geography

  • North America
  • Europe
  • Asia
  • Rest of World (ROW)
This study identifies the increasing healthcare expenditure as one of the prime reasons driving the teleradiology market growth during the next few years. Also, a growing number of mergers and acquisitions (M&A) activities and increasing adoption of PACS by small hospitals and imaging centers will lead to sizable demand in the market.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters.

This report on the teleradiology market covers the following areas:

  • Teleradiology market sizing
  • Teleradiology market forecast
  • Teleradiology market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading teleradiology market vendors that include 4ways Healthcare Ltd., Agfa Gevaert Group, Everlight Radiology, Fujifilm Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Medica Group PLC, MedWeb, Mirada Medical Ltd., Nano X Imaging Ltd., NovaRad Enterprise Healthcare Solutions, NucleusHealth, Oracle Corp., Radiology Partners, RamSoft Inc., Siemens AG, TeleDiagnostic Solutions Pvt. Ltd., Telerad Tech, and WebRad. Also, the teleradiology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market through study, synthesis, and summation of data from multiple sources by analyzing key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Modality
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global teleradiology market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global teleradiology market 2017 - 2021 ($ million)
4.2 Component Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.3 Modality Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Modality Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Component
6.1 Market segments
Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Hardware - Market size and forecast 2022-2027
Exhibit 34: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
6.4 Software - Market size and forecast 2022-2027
Exhibit 38: Chart on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Software - Year-over-year growth 2022-2027 (%)
6.5 Telecom and networking - Market size and forecast 2022-2027
Exhibit 42: Chart on Telecom and networking - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Telecom and networking - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Telecom and networking - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Telecom and networking - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Component
Exhibit 46: Market opportunity by Component ($ million)
7 Market Segmentation by Modality
7.1 Market segments
Exhibit 47: Chart on Modality - Market share 2022-2027 (%)
Exhibit 48: Data Table on Modality - Market share 2022-2027 (%)
7.2 Comparison by Modality
Exhibit 49: Chart on Comparison by Modality
Exhibit 50: Data Table on Comparison by Modality
7.3 CT - Market size and forecast 2022-2027
Exhibit 51: Chart on CT - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on CT - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on CT - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on CT - Year-over-year growth 2022-2027 (%)
7.4 X-ray - Market size and forecast 2022-2027
Exhibit 55: Chart on X-ray - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on X-ray - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on X-ray - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on X-ray - Year-over-year growth 2022-2027 (%)
7.5 Ultrasound - Market size and forecast 2022-2027
Exhibit 59: Chart on Ultrasound - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Ultrasound - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Ultrasound - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Ultrasound - Year-over-year growth 2022-2027 (%)
7.6 MRI - Market size and forecast 2022-2027
Exhibit 63: Chart on MRI - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on MRI - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on MRI - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on MRI - Year-over-year growth 2022-2027 (%)
7.7 Nuclear imaging - Market size and forecast 2022-2027
Exhibit 67: Chart on Nuclear imaging - Market size and forecast 2022-2027 ($ million)
Exhibit 68: Data Table on Nuclear imaging - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Chart on Nuclear imaging - Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Nuclear imaging - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Modality
Exhibit 71: Market opportunity by Modality ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 73: Chart on Market share by geography 2022-2027 (%)
Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 75: Chart on Geographic comparison
Exhibit 76: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 Asia - Market size and forecast 2022-2027
Exhibit 85: Chart on Asia - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Asia - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Asia - Year-over-year growth 2022-2027 (%)
9.6 Rest of World (ROW) - Market size and forecast 2022-2027
Exhibit 89: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
9.7 US - Market size and forecast 2022-2027
Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
9.8 UK - Market size and forecast 2022-2027
Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.9 France - Market size and forecast 2022-2027
Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
9.10 China - Market size and forecast 2022-2027
Exhibit 105: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on China - Year-over-year growth 2022-2027 (%)
9.11 India - Market size and forecast 2022-2027
Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)
9.12 Market opportunity by geography
Exhibit 113: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 Agfa Gevaert Group
Exhibit 120: Agfa Gevaert Group - Overview
Exhibit 121: Agfa Gevaert Group - Product / Service
Exhibit 122: Agfa Gevaert Group - Key offerings
12.4 Everlight Radiology
Exhibit 123: Everlight Radiology - Overview
Exhibit 124: Everlight Radiology - Product / Service
Exhibit 125: Everlight Radiology - Key offerings
12.5 Fujifilm Corp.
Exhibit 126: Fujifilm Corp. - Overview
Exhibit 127: Fujifilm Corp. - Product / Service
Exhibit 128: Fujifilm Corp. - Key offerings
12.6 McKesson Corp.
Exhibit 129: McKesson Corp. - Overview
Exhibit 130: McKesson Corp. - Business segments
Exhibit 131: McKesson Corp. - Key offerings
Exhibit 132: McKesson Corp. - Segment focus
12.7 MedWeb
Exhibit 133: MedWeb - Overview
Exhibit 134: MedWeb - Product / Service
Exhibit 135: MedWeb - Key offerings
12.8 Nano X Imaging Ltd.
Exhibit 136: Nano X Imaging Ltd. - Overview
Exhibit 137: Nano X Imaging Ltd. - Product / Service
Exhibit 138: Nano X Imaging Ltd. - Key offerings
12.9 NovaRad Enterprise Healthcare Solutions
Exhibit 139: NovaRad Enterprise Healthcare Solutions - Overview
Exhibit 140: NovaRad Enterprise Healthcare Solutions - Product / Service
Exhibit 141: NovaRad Enterprise Healthcare Solutions - Key offerings
12.10 NucleusHealth
Exhibit 142: NucleusHealth - Overview
Exhibit 143: NucleusHealth - Product / Service
Exhibit 144: NucleusHealth - Key offerings
12.11 Oracle Corp.
Exhibit 145: Oracle Corp. - Overview
Exhibit 146: Oracle Corp. - Business segments
Exhibit 147: Oracle Corp. - Key news
Exhibit 148: Oracle Corp. - Key offerings
Exhibit 149: Oracle Corp. - Segment focus
12.12 Radiology Partners
Exhibit 150: Radiology Partners - Overview
Exhibit 151: Radiology Partners - Product / Service
Exhibit 152: Radiology Partners - Key offerings
12.13 RamSoft Inc.
Exhibit 153: RamSoft Inc. - Overview
Exhibit 154: RamSoft Inc. - Product / Service
Exhibit 155: RamSoft Inc. - Key offerings
12.14 Siemens AG
Exhibit 156: Siemens AG - Overview
Exhibit 157: Siemens AG - Business segments
Exhibit 158: Siemens AG - Key news
Exhibit 159: Siemens AG - Key offerings
Exhibit 160: Siemens AG - Segment focus
12.15 TeleDiagnostic Solutions Pvt. Ltd.
Exhibit 161: TeleDiagnostic Solutions Pvt. Ltd. - Overview
Exhibit 162: TeleDiagnostic Solutions Pvt. Ltd. - Product / Service
Exhibit 163: TeleDiagnostic Solutions Pvt. Ltd. - Key offerings
12.16 Telerad Tech
Exhibit 164: Telerad Tech - Overview
Exhibit 165: Telerad Tech - Product / Service
Exhibit 166: Telerad Tech - Key offerings
12.17 WebRad
Exhibit 167: WebRad - Overview
Exhibit 168: WebRad - Product / Service
Exhibit 169: WebRad - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
Exhibit 171: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 172: Currency conversion rates for US$
13.4 Research methodology
Exhibit 173: Research methodology
Exhibit 174: Validation techniques employed for market sizing
Exhibit 175: Information sources
13.5 List of abbreviations
Exhibit 176: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global teleradiology market: 4ways Healthcare Ltd., Agfa Gevaert Group, Everlight Radiology, Fujifilm Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Medica Group PLC, MedWeb, Mirada Medical Ltd., Nano X Imaging Ltd., NovaRad Enterprise Healthcare Solutions, NucleusHealth, Oracle Corp., Radiology Partners, RamSoft Inc., Siemens AG, TeleDiagnostic Solutions Pvt. Ltd., Telerad Tech, and WebRad.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is increasing healthcare expenditure.'

According to the report, one of the major drivers for this market is the increasing prevalence of diseases coupled with the growing geriatric population.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 4ways Healthcare Ltd.
  • Agfa Gevaert Group
  • Everlight Radiology
  • Fujifilm Corp.
  • General Electric Co.
  • Koninklijke Philips NV
  • McKesson Corp.
  • Medica Group PLC
  • MedWeb
  • Mirada Medical Ltd.
  • Nano X Imaging Ltd.
  • NovaRad Enterprise Healthcare Solutions
  • NucleusHealth
  • Oracle Corp.
  • Radiology Partners
  • RamSoft Inc.
  • Siemens AG
  • TeleDiagnostic Solutions Pvt. Ltd.
  • Telerad Tech
  • WebRad