Global Tele-Radiology market trends 2024, Forecast To 2033
4 Mar, 2024
The tele-radiology market size has surged from$20 billion in 2023 to$23.7 billion in 2024, boasting a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period is attributed to quality improvement initiatives, digitalization of medical imaging, healthcare infrastructure development, geographical disparities in healthcare, and regulatory changes and standards. Expected to maintain its rapid growth trajectory, the market is anticipated to reach$49.02 billion in 2028, with a compound annual growth rate (CAGR) of 19.9%. Major trends in the forecast period include enhanced security measures, patient-centric care focus, radiologist shortages, virtual consultations rise, and globalization of healthcare services.
Global Tele-Radiology Market Key Driver
The tele-radiology industry is experiencing growth fueled by the increased demand for radiological services, primarily due to the rising prevalence of chronic conditions such as congestive heart failure and orthopedic injuries. The aging population and the incidence of geriatric diseases contribute to the surge in demand for radiological services globally. Chronic diseases, including cardiovascular diseases, cancer, respiratory disorders, and diabetes, account for a significant portion of global mortality rates. As highlighted by the World Health Organization, the prevalence of non-communicable diseases underscores the importance of radiological services in diagnosis and treatment. Consequently, the tele-radiology market is poised for substantial growth to meet the rising healthcare demands, reflecting anticipated market sizes for 2023, 2024, and 2028.
Get A Free Sample Of The Global Tele-Radiology Market ReportGlobal Tele-Radiology Market Segments
The global tele-radiology market covered in this report is segmented –
1) By Imaging Technique: CT, MRI, X-Ray, Ultrasound, Nuclear imaging
2) By Component Type: Hardware, Software
3) By End User type: Hospitals, Diagnostic Centers, Other End Users
By Geography: The regions covered in the tele-radiology market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the tele-radiology market share in 2023. The regions covered in the tele-radiology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Tele-Radiology Industry Players
Agfa-Gevaert Group, Tele-Radiology Solutions, Koninklijke Philips N.V., Everlight Radiology Limited, GE Healthcare Company, ONRAD Inc., RamSoft Inc., USARAD Holdings, Mednax Inc., Medica Reporting Ltd., Cerner Corporation, MedWeb LLC, WebRad Tele-radiology Services Inc., Nautilus Medical Inc., SRL Limited, Vital Radiology Services Private Limited, Telemedicine Clinic S.L., HealthWatch TeleDiagnostics Pvt. Ltd., Envision Healthcare Corporation, Global Diagnostics Australia Pty. Ltd., Radiology Reporting Online Limited, Imaging Advantage LLC, Siemens Healthineers AG, Fujifilm Holdings Corporation, Virtual Radiologic Corporation, McKesson Corporation, NightHawk Radiology Services LLC, Teleradiology Solutions Pvt. Ltd., Aris Radiology, International Teleradiology Corp.
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Tele-Radiology Market Overview
Teleradiology refers to the study of telemedicine in which radiological pictures are transmitted from one site to another via telecommunications technology. This method can be used to interpret all noninvasive imaging studies.
Tele-Radiology Global Market Report 2023 provides data on the global tele-radiology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tele-radiology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.