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Teleradiology Market

Teleradiology Market

Teleradiology Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

163

Base Year:

2022

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1304

Segments Covered
  • By Imaging Technique By Imaging Technique X-rays, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Other Imaging Techniques
  • By End User By End User Hospitals, Diagnostic Centers, Other End Users
  • By Component By Component Hardware, Software
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 8.05 Billion
Revenue 2030Revenue 2030: USD 24.63 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 15.00%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Teleradiology Market Share

Market Synopsis:

Global Teleradiology market is valued at USD 8.05 Billion in 2022 and is projected to attain a value of USD 24.63 Billion by 2030 at a CAGR of 15.00% during the forecast period, 2022–2028. The global outbreak of Coronavirus has resulted in a surge in demand for Teleradiology services. The rising geriatric population and the resulting increase in the prevalence of associated diseases; the increasing number of advanced imaging procedures and a shortage of skilled radiologists; advancements in Teleradiology; and the increasing adoption of cloud-based solutions are all contributing to the market's growth. However, in the United States, decreased reimbursements and growing regulatory burdens are projected to limit industry expansion. Furthermore, the growing use of artificial intelligence and block-chain technology in Teleradiology is likely to create profitable prospects for the Teleradiology market to expand in the future years.

As a number of radiologists move into the telehealth and Teleradiology cluster, this industry is suffering staffing, financial, and logistical issues. Due to the cancellation or postponement of elective treatments, radiology volumes have declined dramatically. Furthermore, internet connectivity challenges exist, particularly in remote hospital settings, and individuals in rural areas are unwilling to accept Teleradiology results due to data security concerns.

Teleradiology Market Size, 2022 To 2030 (USD Billion)

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Adoption of Artificial Intelligence in Teleradiology

In the realm of Teleradiology, artificial intelligence is one of the most promising achievements. It is anticipated that the number of papers on AI in radiology has increased from an average of 100–150 per year to 700–800 per year in the last ten years. AI usage is stronger in CT and MRI systems than in other key imaging modalities; similarly, AI is mostly used in neuroradiology based on applications. Several market competitors have enhanced their AI solutions. AI can assist in the development of a built-in system that prioritizes cases according to protocol requirements. Trauma and stroke cases, for example, can be prioritized and sent to radiologist work lists, potentially saving many lives.

Report Coverage & Deliverables

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Data Breach & Cybersecurity Risks

Teleradiology allows for the transmission of medical images to help in care delivery. Cyber-security precautions to protect patient health information, on the other hand, are frequently ignored. Healthcare providers have ethical and legal responsibility to protect the privacy and confidentiality of patient information, which can contain some of the most personal information about a person. For medical images, the majority of clinical picture archiving and communication systems (PACS) employ the digital imaging and communications in medicine (DICOM) standard image format. PACS could result in major data loss, could be used to disrupt a hospital's system, or could obstruct timely diagnosis and treatment if the information is altered or diverted, posing a threat to the market's growth.

Market Segmentation:

The Global Teleradiology Market can be segmented by Imaging Technique into X-ray, Ultrasound, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Nuclear Imaging and Others. By End User, Hospitals, Ambulatory Imaging Centers and Radiology Clinics. By Component, into Hardware & Software. Based on Region, the Teleradiology Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

North America to Continue Dominating the Teleradiology Market

The region's leadership position is due to a growing target population base, increasing prevalence of chronic diseases, and the existence of key market participants. Furthermore, the regional market is expected to be driven by established infrastructure, supportive government efforts, and rising need for effective teleradiology solutions.

Key Players:

Key players in this 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).

Teleradiology market is segmented as follows:

Parameter Details
Segments Covered

By Imaging Technique

  • X-rays
  • Computed Tomography (CT)
  • Ultrasound
  • Magnetic Resonance Imaging (MRI)
  • Nuclear Imaging
  • Other Imaging Techniques

By End User

  • Hospitals
  • Diagnostic Centers
  • Other End Users

By Component

  • Hardware
  • Software

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • 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).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Teleradiology market is tabulated as follows:

FAQ
Frequently Asked Question
  • The global Teleradiology valued at USD 8.05 Billion in 2022 and is expected to reach USD 24.63 Billion in 2030 growing at a CAGR of 15.00%.

  • The prominent players in the market are 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)..

  • The market is project to grow at a CAGR of 15.00% between 2023 and 2030.

  • The driving factors of the Teleradiology include

    • Adoption of Artificial Intelligence in Teleradiology

  • North America was the leading regional segment of the Teleradiology in 2022.