Global Teleradiology Market accounted for US$ 2345.21 million in 2020 and is estimated to be US$ 14063.5 million by 2030 and is anticipated to register a CAGR of 19.8%. Teleradiology is a type of telemedicine that entails sending radiological pictures and data from one site to another for diagnostic and consulting purposes. It is a cutting-edge technology that has arisen as a result of a mismatch between demand and supply for diagnostic services. This is evidenced by the fact that strong demand for radiology services in nations such as the United States, Singapore, and the United Kingdom was frequently unmet due to a scarcity of experienced and specialised teleradiology personnel.
The report ” Global Teleradiology Market, By Products & Services (Services, Hardware, and Software), By Imaging Techniques (MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging), By End User (Hospitals, and Diagnostic Centers & Laboratories), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029’’
Key Highlights:
- In June 2020, Phillips Healthcare (Netherlands) entered into a partnership with American Telemedicine Association (ATA). This partnership aims to further the adoption of telehealth in the US.
Analyst View:
Increased demand for radiological services due to the rising prevalence of chronic conditions including congestive heart failure and orthopaedic injuries are driving the teleradiology industry forward. Furthermore, a large increase in government spending on the healthcare information (HCIT) sector, as well as a shift in key players' focus toward digital diagnostics innovation, is fueling market growth. However, the market's expansion is hampered by a lack of internet networks and a scarcity of competent radiologists. Furthermore, ongoing improvements in medical diagnostic technologies are projected to create profitable prospects for the teleradiology market to expand in the near future.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Teleradiology Market, By Products & Services (Services, Hardware, and Software), By Imaging Techniques (MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging), By End User (Hospitals, and Diagnostic Centers & Laboratories), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029”
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Key Market Insights from the report:
Global Teleradiology Market accounted for US$ 2345.21 million in 2020 and is estimated to be US$ 14063.5 million by 2030 and is anticipated to register a CAGR of 19.8%. The global teleradiology market is segmented based on products and services, imaging technique, end user, and region.
- Based on Products and Services, Global Teleradiology Market is segmented into Services, Hardware, and Software.
- Based on Imaging Technique, Global Teleradiology Market is segmented into MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging.
- Based on End-User, Global Teleradiology Market is segmented into Hospitals, and Diagnostic Centers & Laboratories.
- By Region, the Global Teleradiology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Teleradiology Market:
The key players operating in the global teleradiology market includes Philips Healthcare, Cerner Corporation, Siemens Healthineers, McKesson Corporation, FUJIFILM Holdings Corporation, Agfa Healthcare, MEDNAX Services, Inc., ONRAD Inc., RamSoft Inc., Novarad Corporation, TeleDiagnostic Solutions Pvt. Ltd., Teleradiology Solutions, Telerad Tech, StatRad LLC, MedWeb LLC, and WebRad TeleRadiology.
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The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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