Growing Integration of AI is Predicted to Profit the Global Teleradiology Market
Global Teleradiology Market was valued at USD 7.13 Billion in 2021 and is projected to reach USD 15.22 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 15.1% between the forecast period from 2022 till 2028. Teleradiology is a branch of telemedicine that involves the transfer of radiological images and related data from one location to another for diagnostic and consultation purposes. Improved technology has been developed due to the imbalance between demand and the availability of diagnostic services.
Increased demand for radiological services due to the spread of chronic diseases such as coronary heart disease and osteoporosis are major factors contributing to the growth of the Teleradiology Market. In addition, the huge increase in government spending on the healthcare sector (HCIT) and the increase in the focus of key players in bringing new innovation to digital diagnostics furthers market growth. Teleradiology makes the sharing of medical images easier in the delivery of care. However, online safety measures to protect patient health information are often not used. There are legal and legal obligations for health care providers to maintain the confidentiality and confidentiality of patient information, which may contain other personal information. Due to lack of trained radio technicians and increased demand for Teleradiology equipment through Teleradiology, patients and specialists in rural areas can receive high quality imaging advice without visiting overcrowded urban areas with the most advanced healthcare systems. In addition, remote radiologists need a good internet connection. However, the lack of very fast communication is hampering the increase in access to Teleradiology services in rural areas. However, the low availability of broadband networks and the shortage of skilled radiologists hamper market growth. In addition, further advances in medical diagnostic technology are expected to provide lucrative opportunities for the growth of the Teleradiology market in the near future.
The Global Teleradiology Market is divided on the basis of the product into services, general consultation, night owl and emergencies, specialty / selection, second opinion and software and hardware. On the basis of the strategy, the market is divided into ultrasound, X-ray, CT, MRI, mammography, PET / SPECT, and others. Based on the application, the market is divided into cardiology, orthopedic, oncology, neurology, gastroenterology, dentistry, obstetrics and gynecology and others. Artificial intelligence is one of the most promising successes in the field of Teleradiology. In all major ways of thinking, AI acceptance is high on CT and MRI programs. Similarly, based on applications, AI is widely used in neurology. Based on end users, the market is divided into hospitals & clinics, diagnostic centers & labs, ambulatory care centers and emergency care centers among others.
On the basis of regional analysis, the global Teleradiology Market is categorized in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is seen to have the largest share with 40.5% of total market size. Asia Pacific is expected to have the fastest rate of growth during the forecast period of 2022-2028.
Major players in the Global Teleradiology Market include - 4ways Healthcare Ltd. (UK), HealthWatch TeleDiagnostics Pvt. Ltd. (India), RamSoft Inc. (Canada), Everlight Radiology (UK), Virtual Radiologic (US), Agfa-Gevaert N.V. (Belgium), ONRAD (US), Teleradiology Solutions (India), and Global Diagnostics (Australia)..
Browse the full Report - Teleradiology Market by Imaging Technique (X-rays, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI)), by End User (Hospitals, Diagnostic Centers, Other End Users), by Component (Hardware, Software), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)