Increasing Funding Activities and New Technology Introduction are Driving the Global Teleradiology Market

Published: Nov 2022

The global teleradiology market is anticipated to grow at a considerable CAGR of 14.7% during the forecast period.  The key factors that are contributing to the market growth are increasing funding activity and new product development with innovation and integration of technology into products, and new services being implemented are such factors that drive teleradiology market growth. For instance, 

In December 2020, 5C Network has received funding of $1.2 Million from existing investors, Unitus Ventures and Axilor Ventures. The company brings together hospitals and diagnostic centers and delivers fast and actionable diagnoses to physicians and patients. This company's digital platform also reduces the turnaround time for a radiology report from the typical 48 hours to just 42 minutes.

In March 2019, Royal Philips has expanded its radiology solutions portfolio with innovative teleradiology services that are built on its cloud-based radiology informatics portfolio of Picture Archiving and Communication Systems (PACS) and Vendor Neutral Archive (VNA) solutions. These new systems are developed with the aim of addressing the increasing shortage of radiologists and also to improve access to precision diagnoses. These new services build with advanced analytics, visualization, and workflow applications, that also include advanced teleradiology viewing and reporting capabilities, and on-call radiologist services.

Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/teleradiology-market

Market Coverage

The market number available for – 2021-2028

Base year- 2021

Forecast period- 2022-2028

Segment Covered- 

o By Products and Services

o By Imaging Technique

o By End-User

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Carestream Health, Cerner Corp., Cybernet Manufacturing, Inc., FUJIFILM Holdings America Corp., Koninklijke Philips N.V., Siemens Healthineers AG, Teleradiology Solution,  and others.

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Teleradiology Market Report Segment

By Products and Services

  • Teleradiology Services
  • Software

o PACS

o RIS

By Imaging Technique

  • X-Ray
  • Ultrasound
  • Magnetic Resonance Imaging (MRI)
  • Computed Tomography (CT)
  • Nuclear Imaging
  • Mammography
  • Fluoroscopy

By End-User

  • Hospitals And Clinics
  • Diagnostic Imaging Center And Laboratories
  • Long Term Care Centers, Nursing Homes, Assisted Living Facilities
  • Others (Ambulatory Imaging Centers, And Radiology Clinics)

Global Teleradiology Market Report by Region

North America

US

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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