Teleradiology Market By Imaging Techniques (X-ray, Computed Tomography (CT), Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography, and Others), By Technology (Hardware, Software, and Telecom & Networking), and By End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
Teleradiology is the branch of telemedicine, which involves transmission of radiological images and related data from one location to another for diagnostic and consulting purpose. It is an advanced technology that has emerged due to the imbalance between demand and availability of diagnostic services. This is evident from the fact that high demand of radiology services in countries such as U.S., Singapore, and UK, were often unfulfilled owing to dearth of skilled and specialized professionals specific to teleradiology. For instance, in U.S., number of CT scans being performed is on an increase over the years, however, there is a persisting shortage of radiologists in the country. In Singapore, there is a paucity of radiologists for night coverage. In the UK, a radiologist takes 21 days on an average to submit an MRI report. All these challenges were met by teleradiology and thereby led to the growth of tele-based technologies and surge in demand for teleradiology techniques globally. The global teleradiology market accounted for $2,143 million in 2016 and is expected to reach $7,345 million by 2023 with a CAGR of 19.0% from 2017-2023.
Increase in demand of radiological services owing to high prevalence of chronic diseases such as congestive heart failure, orthopedic injuries propel the growth of the teleradiology market. In addition, high government expenditure on healthcare information (HCIT) sector and rise in focus of key players toward bringing innovation to digital diagnostics further fuels the market. However, low availability of broadband networks, and shortage of skilled radiologists restraints the market. Continuous advancements in medical diagnostic technologies provides lucrative opportunities for the growth of the teleradiology market growth during the forecast period.
The report segments the teleradiology market based on imaging techniques, technology, and end user. In terms of imaging techniques, the market is segmented into X-rays, computed tomography (CT), ultrasounds, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, mammography, and others. On the basis of technology, the market is classified into hardware, software, and telecom & networking. The software market is bifurcated into picture archiving and communication system (PACS) and radiology information system (RIS). The telecom & networking market is further divided into web-based and cloud-based teleradiology solutions. Based on end user, the market is categorized into hospitals, ambulatory surgical centers, diagnostic centers, and others.
By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share in the teleradiology market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to the presence of well-established healthcare information technology (HCIT) infrastructure in the region. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the rapidly developing healthcare infrastructure, rise in medical tourism, and high prevalence of diseases.
The key players of the teleradiology market believe in acquisition and expansion to bring innovation to web-based radiological imaging facilities. For instance, in 2015, Mednax, Inc., acquired Virtual Radiologic Corporation (vRad), a telemedicine company. This acquisition was made by Mednax for growth in teleradiology and the broader telemedicine market.
KEY BENEFITS FOR STAKEHOLDERS The study provides an in-depth analysis of the global teleradiology market and the current trends and future estimations to elucidate the imminent investment pockets. The report presents quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities. Extensive analysis of the market based on product assists to understand the trends in the industry. Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
KEY MARKET SEGMENTS
By imaging Techniques X-rays Computed Tomography (CT) Ultrasounds Magnetic Resonance Imaging (MRI) Nuclear imaging Fluoroscopy Mammography Others
By Technology Hardware Software Picture Archiving and Communication System (PACS) Radiology Information System (RIS) Telecom & Networking Web- Based Tele Radiology Solutions Cloud- Based Tele Radiology Solutions
By End User Hospitals Ambulatory Surgical Centers Diagnostic Centers Others
By Region North America U.S. Canada Mexico Europe Germany France UK Italy Spain Russia Rest of Europe Asia-Pacific Japan China India Australia South Korea Taiwan Rest of Asia-Pacific LAMEA Brazil Turkey Venezuela Saudi Arabia South Africa Rest of LAMEA
KEY PLAYERS PROFILED 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. Fujifilm Medical Systems, Inc.
The other players in the value chain include (profiles not included in the report) Cybernet Medical Corporation Spectra AB Medica Reporting Ltd. Teleradiology Solutions, Inc. Radiology Reporting Online (RRO) NightHawk Radiology, Inc. Sectra Imtec AB StatRad, LLC. Ramasift Inc. Alta Vista Teleradiology
Our reports have been used by over 10K customers, including:
Teleradiology Market Size, Outlook and Growth Opportunities, 2019- 2025 Global Teleradiology: By Imaging Techniques (X-Ray, Computed Tomography (CT), Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography and Others), By Technology (Hardware and Software), By End User (Hospitals, Ambulatory...
Teleradiology Market by Imaging Technique (X-rays, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Nuclear imaging, Fluoroscopy, Mammography, and Others), Technology (Hardware, Software, and Telecom & Networking), and End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others): Global Opportunity...
The Global Radiography Test Equipment Market is poised to grow strong during the forecast period 2017 to 2027. Some of the prominent trends that the market is witnessing include increasing demand in the adoption of radiography test equipment among manufacturers, rise in demand in industrial standards and safety regulations,...
The report on the global industrial radiography equipment market provides qualitative and quantitative analysis for the period from 2017 to 2025. The report predicts the global industrial radiography equipment market to grow at a healthy CAGR over the forecast period from 2019-2025. The study on industrial radiography...
Fluoroscopy Systems Market Size, Outlook and Growth Opportunities, 2019- 2025 Global Fluoroscopy Systems Market Size, Outlook and Growth Opportunities to 2025: By Product (Fluoroscopy Devices, C-arms), By Application (Orthopedic, Cardiovascular, Pain Management & Trauma, Neurology, Gastrointestinal, Urology, General...
87 pages •
By The Business Research Company
• Jun 2019
Portable X-Ray Devices Market Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global portable X-ray devices market. Description: Where is the largest and fastest growing market for the portable X-ray devices market? How does...
211 pages •
By Asia Market Information & Development Company
• May 2019
China’s demand for Medical Imaging System and Equipment has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export,...
Technology and design improvements in multipurpose R/F Systems, the recent increase in the adoption of fluoroscopy procedures by private healthcare facilities and commercialization of disruptive technologies in real-time R/F are set to boost growth opportunities in the Western European fluoroscopy market. These multi-functional R/F systems...
247 pages •
By Global Industry Analysts
• Jul 2019
Industrial Radiography market worldwide is projected to grow by US$297.2 Million, guided by a compounded growth of 7.4%. Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments. Film-Based, one of the segments...
Market Overview The medical X-ray equipment and imaging software market was valued at USD 15.62 billion in 2018, and is expected to reach a value of USD 19.9 billion by 2024, at a CAGR of 3.92% over the forecast period (2019-2024). The growing aging population, coupled with rising investments in the healthcare ecosystem,...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.