Teleradiology Market
Teleradiology Market Size, Share & Trends Analysis Report by Products and Services (Teleradiology Services, and Software), by Imaging Technique (X-Ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Nuclear Imaging, Mammography, And Fluoroscopy) and by End-User (Hospitals And Clinics, Diagnostic Imaging Center And Laboratories, Long Term Care Centers, Nursing Homes, Assisted Living Facilities, And Others), Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Teleradiology market is anticipated to grow at a significant CAGR of 14.7% during the forecast period. The key factors contributing to the market growth include, the implementation and integration of Picture Archiving and Communication System (PACS), Artificial Intelligence (AI) into teleradiology, and increasing R&D activities and investments are factors predicted to propel the demand for teleradiology services and increase the market growth. For instance, in June 2021, I-MED Radiology Network and Vital Healthcare Group collaborated to provide the broadest range of sub-specialty reporting and are set to deliver expert teleradiology reporting services to UK clinicians, technologists, and referring hospitals. The key goal of the partnership is to introduce new technology including artificial intelligence tools and the commencement of hours reporting service based in the UK. However, the shortage of skilled radiologists and lack of high-speed and limited access to broadband connections are factors that disrupt the market growth. The key factor which can emerge as an opportunity in the market is the adoption of Artificial intelligence (AI) as it is the most promising breakthrough in the field of teleradiology.
Segmental Outlook
The global teleradiology market is segmented based on products and services, imaging techniques, and end users. On the basis of products & services, the market is segmented into, teleradiology services, and software. Based on the imaging technique, the market is segmented into X-ray, Ultrasound, MRI, CT, nuclear imaging, mammography, and fluoroscopy. Based on the end users, the market is subdivided into hospitals and clinics, diagnostic imaging centers and laboratories, long-term care centers, nursing homes, assisted living facilities, and others. Among the end-user segment, ambulatory imaging centers (AIC ) are anticipated to register the fastest growth in the market owing to increasing imaging procedure and their demand, shortage of radiologists, and attributed to their cost-effectiveness. Thus, this supported decreasing diagnosis time and that in turn improved the adoption of teleradiology for various imaging procedures and growing segmental growth in the market.
The CT segment among imaging technique segment is predicted to hold a prominent share in the market owing to, increasing technological advancements and digitalization in the CT techniques, widely used in several applications the includes, including cardiology, oncology, and neurology, among other, increasing need for effective and early diagnosis are such key factors that are driving segmental growth further. For instance, in March 2020, USARad (Siemens Healthineers-backed firm), has launched a new screening program that connects radiologists to providers of COVID-19. Medical Diagnostic Web has also partnered in this teleradiology project to help connect hundreds of imaging experts across the globe, and providers can upload images from suspected COVID-19 and CT-trained experts are there to interpret these images. In addition, in March 2019, Siemens Healthineers launched a CT scanner optimized it is version of its Go platform for cardiac scanning at the American College of Cardiology conference. Thus, attributed to such, launches and the adoption of technology-based products the segment is growing further in the teleradiology market,
Regional Outlooks
The global Teleradiology market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America region is estimated to hold a prominent share owing to multi-specialty healthcare facilities driving market growth further in the region.
Global Teleradiology Market Growth, by Region 2022-2028
The Asia-Pacific Region is Fastest Growing in the Global Teleradiology Market
The region is estimated to witness the fastest growth in the market owing to quickly expanding healthcare infrastructure coupled with the adoption of technology-enabled products and services, increasing need for novel and sophisticated medical platforms, and investment in healthcare are such factors driving the regional growth in the market. For instance, in April 2022, Teleradiology Solutions (TRS) and Andhra Med Tech Zone (AMTZ) entered into an agreement to establish a hub in the Zone to provide teleradiology services for the government sector and it is also set to provide innovative AI and teleradiology services by expert radiologists. Moreover, hospitals and organizations in the region are investing in the teleradiology market and that is anticipated to grow the demand for cost-effective diagnostic interventions that include teleradiology services, with inefficient coverage policies in countries.
Market Players Outlook
The major companies serving the global teleradiology market include Carestream Health, Cerner Corp., Cybernet Manufacturing, Inc., FUJIFILM Holdings America Corp., Koninklijke Philips N.V., Siemens Healthineers AG, Teleradiology Solution, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in February 2021, Medica Group and Integral Diagnostics, have teamed up to provide teleradiology reporting services and increased reporting capacity in Australia, New Zealand, the UK, and Ireland. Both the companies under the partnership have also planned to deploy augmented intelligence (AI) solutions in areas of mutual interest and MedX has the potential to bid directly for teleradiology reporting contracts. MedX with Integral Diagnostics is set to provide significant operational benefits for Medica in investment and testament.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global teleradiology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. ByRegion
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Carestream Health
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Cerner Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. FUJIFILM Holdings America Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Koninklijke Philips N.V.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Siemens Healthineers AG
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Teleradiology Market by Product & Services
4.1.1. Teleradiology Services
4.1.2. Software
4.1.2.1. PACS
4.1.2.2. RIS
4.2. Global Teleradiology Market by Imaging Technique
4.2.1. X-ray
4.2.2. Ultrasound
4.2.3. Magnetic Resonance Imaging (MRI)
4.2.4. Computed Tomography (CT)
4.2.5. Nuclear Imaging
4.2.6. Mammography
4.2.7. Fluoroscopy
4.3. Global Teleradiology Market by End-User
4.3.1. Hospitals and Clinics
4.3.2. Diagnostic Imaging Center and Laboratories
4.3.3. Long term care centers, nursing homes, assisted living facilities.
4.3.4. Others (Ambulatory Imaging Centers, and Radiology Clinics)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 4ways Healthcare Ltd.
6.2. Agfa group
6.3. Cybernet Manufacturing, Inc.
6.4. Everlight Radiology Ltd.
6.5. McKesson Corp
6.6. Medica Group
6.7. Medweb
6.8. Mirada Medical Ltd.
6.9. Novarad
6.10. NucleusHealth
6.11. ONRAD, Inc.
6.12. RamSoft, Inc.
6.13. Real Rads
6.14. Teleradiology Solutions
6.15. Telerad Tech
6.16. WebRad
6.17. USARAD Holdings Inc
6.18. Virtual Radiologic (vRad)
6.19. Vesta Teleradiology
1. GLOBAL TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY PRODUCT & SERVICES, 2021-2028 ($ MILLION)
2. GLOBAL TELERADIOLOGY SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL TELERADIOLOGY SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY IMAGING TECHNIQUE, 2021-2028 ($ MILLION)
5. GLOBAL X-RAY TELERADIOLOGY IN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ULTRASOUND TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL MRI TELERADIOLOGY IN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CT TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL NUCLEAR IMAGING TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MAMMOGRAPHY TELERADIOLOGY IN MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL FLUOROSCOPY TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
13. GLOBAL TELERADIOLOGY IN HOSPITALS & CLINICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL TELERADIOLOGY IN DIAGNOSTIC IMAGING CENTER AND LABORATORIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL TELERADIOLOGY IN LONG TERM CARE CENTERS, NURSING HOMES, ASSISTED LIVING FACILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL TELERADIOLOGY IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. NORTH AMERICAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY PRODUCT & SERVICES, 2021-2028 ($ MILLION)
20. NORTH AMERICAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY IMAGING TECHNIQUE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
22. EUROPEAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. EUROPEAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY PRODUCT & SERVICES, 2021-2028 ($ MILLION)
24. EUROPEAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY IMAGING TECHNIQUE, 2021-2028 ($ MILLION)
25. EUROPEAN TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY PRODUCT & SERVICES, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY IMAGING TECHNIQUE, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
30. REST OF THE WORLD TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. REST OF THE WORLD TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY PRODUCT & SERVICES, 2021-2028 ($ MILLION)
32. REST OF THE WORLD TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY IMAGING TECHNIQUE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD TELERADIOLOGY MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. GLOBAL TELERADIOLOGY MARKET SHARE BY PRODUCT & SERVICES, 2021 VS 2028 (%)
2. GLOBAL TELERADIOLOGY SERVICES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
3. GLOBAL TELERADIOLOGY SOFTWARE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
4. GLOBAL TELERADIOLOGY MARKET SHARE BY IMAGING TECHNIQUE, 2021 VS 2028 (%)
5. GLOBAL X-RAY TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL ULTRASOUND TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL MRI TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL CT TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL NUCLEAR IMAGING TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL MAMMOGRAPHY TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL FLUOROSCOPY TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL TELERADIOLOGY MARKET SHARE BY END-USER, 2021 VS 2028 (%)
13. GLOBAL TELERADIOLOGY IN HOSPITALS & CLINICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL TELERADIOLOGY IN DIAGNOSTIC IMAGING CENTER AND LABORATORIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL TELERADIOLOGY IN LONG TERM CARE CENTERS, NURSING HOMES, ASSISTED LIVING FACILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL TELERADIOLOGY IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL TELERADIOLOGY MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
20. UK TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
25. REST OF EUROPE TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
29. SOUTH KOREA TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF ASIA-PACIFIC TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF THE WORLD TELERADIOLOGY MARKET SIZE, 2021-2028 ($ MILLION)
