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:
The report on the global teleradiology market provides qualitative and quantitative analysis for the period from 2016 to 2024. The report predicts the global teleradiology market to grow with a CAGR of 19.1% over the forecast period from 2018-2024. The study on teleradiology market covers the analysis of the leading...
2019-2023 Leading Diagnostic Imaging Companies: Technological Know-How and Global Sales Segment Forecasts This new report provides technological know-how of global diagnostic imaging companies. The analysis presents: Internally developed and acquired diagnostic imaging and related technologies, including X-ray,...
Global Veterinary X-ray Market Projected to Grow at a CAGR of 6.4% During 2018–2023 The global veterinary X-ray market is projected to reach USD 872 million by 2023 from USD 640 million in 2018, at a CAGR of 6.4% from 2018 to 2023. Rising animal health expenditure and growing demand for pet insurance, increasing number of veterinary practitioners...
155 pages •
By Transparency Market Research
• Nov 2018
a-Si X-ray Flat Panel Detectors Market - Overview Radiography detectors have witnessed constant technological evolution, owing to growing shift from analog radiography to digital radiography techniques in the global medical imaging market. Rise in demand for new and advanced imaging techniques and entry of domestic...
102 pages •
By Infiniti Research Limited
• Sep 2018
About Advanced CT Visualization Advanced CT visualization systems include advanced technologies, such as 3D and 4D and ultra-high-resolution. These systems provide accurate anatomical details and visualization. Technavio’s analysts forecast the Global Advanced CT Visualization Market to grow at a CAGR of 9.11% during...
The medical imaging workstations market is projected to grow at a CAGR of 8.9% The global medical imaging workstations market is projected to reach USD 1,377 million by 2023 from USD 897 million in 2018, at a CAGR of 8.9%. Factors such as the rising global burden of target diseases, increased product commercialization,...
The global magnetic resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$ 5,913.6 in 2017. The magnetic resonance imaging market is estimated to grow with a CAGR of 3.8% from 2018-2025. In order to provide better access to health related services, the health ministry in various countries across the world are...
Report Scope: The report on Atrial Fibrillation: Technologies and Global Markets covers interventional procedural products, namely Cardiac Ablation products and Left Atrial Appendage closure devices. Devices included as a part of market estimates are: - Catheter ablation products, including electrophysiology...
151 pages •
By Global Industry Analysts
• Jan 2019
This report analyzes the worldwide markets for Advanced (3D/4D) Visualization Systems in US$ Thousand. The Global market is further analyzed by the following Departments: Radiology, Cardiology, Oncology, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific,...
The global digital X-ray market is projected to grow at a CAGR of 8.5% The digital X-ray market is expected to reach USD 13.04 billion by 2023 from USD 8.68 billion in 2018, at a CAGR of 8.5%. The increasing geriatric population and the subsequent growth in global disease incidence, favorable regulations and government...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.