According to the latest report, the global teleradiology market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.6 Billion by 2027 exhibiting a CAGR of 14.20% during 2022-2027.
Teleradiology represents a subset of telemedicine that is utilized for transmitting, acquiring, viewing, and interpreting radiological images of the patients, including via magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), ultrasound, etc., from one location to the another. It encompasses an image sending station, receiving image station, and transmission network that is integrated with a high-quality display to deliver clear radiological images. Teleradiology offers numerous benefits, such as reduced costs, efficiency, enhanced consultation, instant diagnostics, improved staffing, better rural-area care, etc. Consequently, it is extensively used in ambulatory surgical centers, hospitals, clinics, etc., across countries.
Global Teleradiology Industry Trends and Drivers:
The escalating demand for several radiologist procedures, including MRI, CT, X-rays, etc., in the rural areas to access specialized treatments is primarily driving the teleradiology market. In addition to this, the expanding geriatric population, who are more susceptible to cancer, seizures, heart attacks, etc., is further catalyzing the market growth.
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Moreover, the widespread adoption of teleradiology across the healthcare information technology (HCIT) sector for analyzing radiological images at lower expenses is acting as another significant growth-inducing factor. Besides this, the inflating need for effective remote diagnostic examinations to assess the symptoms, on account of the sudden outbreak of the COVID-19 pandemic, is also augmenting the global market.
Furthermore, the introduction of various advanced technologies, such as reverse digital imaging and communication of medicine (DICOM) report delivery, automated query retrieve, monitoring, automated uptime, etc., for improving the workflow efficiency, is anticipated to fuel the teleradiology market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
4ways Healthcare Limited, Agfa-Gevaert Group, Carestream Health, Cerner Corporation, FUJIFILM Corporation, General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Mednax Services Inc., ONRAD Inc., RamSoft Inc., Siemens AG, Teleradiology Solutions and USARAD Holdings Inc.
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The report has segmented the market on the basis of region, component, imaging technique and end user.
Breakup by Component:
- Software and Services
Breakup by Imaging Technique:
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Nuclear Imaging
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.