Global Teleradiology Market

 
Global Teleradiology Market was valued at US$ 2.8 Bn in 2019 and is expected to reach US$ 11.2 Bn by 2027, at a CAGR of 18.92 % during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Teleradiology Market

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Global Teleradiology Market Dynamics:

An increasing necessity for transmission of radiological images using a range of digital technologies supported by telecommunication in medical emergencies is boosting the demand for teleradiology. Recent advancements in web technologies in healthcare systems, particularly wireless image transmission systems, have enhanced the market.

Growing prevalence of cancer is one of the major reasons for the rise in revenue growth of the teleradiology market. According to the National Institute of Cancer, about 449 new cancer cases per 100,000 men and women are diagnosed each year in the USA. Moreover, approximately 39% of men and women are expected to be diagnosed with cancer during their lifetime. The American Society of Clinical Oncology estimates that nearly 4000 children and teenagers and nearly 24,000 adults in the USA were expected to have either brain or central nervous system cancer in the year 2019.

However, the growth is particularly set by the high cost of setting up infrastructures for teleradiology, given the lack of funds in emerging countries in numerous parts of the globe. Additionally, lack of a reliable internet connection or poor state of broadband connections in rural areas is a major restrain to the steady expansion in the global market.
Global Teleradiology Market Segment Analysis:

Based on the imaging technique, The Computed Tomography (CT) scan is projected to register the fastest growth during the forecast period. High usage rates, faster testing rate, high-resolution imaging capacity, and introduction of new generation systems, like 3D and 4D, are some of the factors supplementing the growth of the segment.

On the basis of technology, the hardware segment like video conferencing units and store-and-forward units was the largest segment in the teleradiology market in 2019. The video conferencing units allow live conversation with multiple parties at different locations. Teleradiology utilizes teleimaging equipment as store-and-forward systems, which aids the specialists to share diagnostic images through filmless technology.
Global Teleradiology Market Regional Insights:

Region-wise, North America market for teleradiology is expected to grow at the highest CAGR during the forecasted period. Demand for teleradiology was uppermost in North America particularly in the USA, boosting the teleradiology market. Europe was the second biggest market chased by the APAC. The Asia Pacific is likely to be developing at highest CAGR in the years to come market for the teleradiology.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Teleradiology Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Teleradiology Market.
Global Teleradiology Market, Key Highlights:

• Global Teleradiology Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Teleradiology Market

• Global Teleradiology Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global Teleradiology Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global Teleradiology Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Teleradiology Market are also profiled.
Scope of the Global Teleradiology Market Report: Inquire before buying

Global Teleradiology Market, By Imaging Technique

• X-rays
• Computed Tomography (CT)
• Ultrasound
• Magnetic Resonance Imaging (MRI)
• Nuclear imaging
• Fluoroscopy
• Mammography
• Others
Global Teleradiology Market, By Technology

• Hardware
• Software
o Picture Archiving and Communication System (PACS)
o Radiology Information System (RIS)
• Telecom & Networking
o Web-Based Teleradiology Solutions
o Cloud-Based Teleradiology Solutions
Global Teleradiology Market, By End User

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others
Global Teleradiology Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players Operating in the Global Teleradiology Market:

• Siemens Healthineers
• FUJIFILM
• Philips
• vRad (Virtual Radiologic)
• Global Diagnostics Pvt. Ltd.
• Everlight Radiology
• Franklin & Seidelmann
• Global Diagnostics (Australia) Pty Limited
• Agfa-Gevaert NV
• Sectra
• Everlight Radiology – Emergency & Trauma Radiology
• Everlight Radiology UK
• RamSoft
• 4ways
• ONRAD, Inc.
• MEDNAX
• Health Solutions Partner
• Teleradiology Solutions Pvt. Ltd
• NightHawk Radiology, Inc.
• RADISPHERE NATIONAL RADIOLOGY GROUP, INC.
• FUJIFILM Europe GmbH
• FUJIFILM Medical Systems U.S.A., Inc.



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