Global Teleradiology market analysis 2024, Forecast To 2033
13 Feb, 2024
The teleradiology market has witnessed rapid growth, increasing from $5.28 billion in 2023 to $6.22 billion in 2024 at a notable compound annual growth rate (CAGR) of 17.8%. The growth in the historic period is attributed to the shortage of radiologists, the emphasis on quality and speed of diagnosis, healthcare regulations supporting teleradiology, advancements in improved image transmission, and the continuous evolution of medical imaging technology. Moving forward, the teleradiology market is poised for rapid growth, projected to reach $11.99 billion in 2028 at a consistent CAGR of 17.8%. The anticipated growth in the forecast period can be attributed to addressing global health challenges, the overall growth of telemedicine, the expansion of cross-border radiology services, the shift towards patient-centered care, and the improved access to healthcare services in rural areas. Major trends in the forecast period include the integration of AI-assisted diagnostics, the adoption of cloud-based teleradiology solutions, the emergence of radiology-as-a-service (RaaS), the integration of telecardiology, and the provision of subspecialty teleradiology services.
Global Teleradiology Market Key Driver
The teleradiology market is expected to grow with the rising number of imaging procedures globally. The increasing demand for computed tomography (CT) examinations, which are rising by 4% per year worldwide, contributes to the need for teleradiology solutions. With over 75 million CT scans performed annually in the USA, the teleradiology market is poised for substantial expansion.
Get A Free Sample Of The Global Teleradiology Market ReportGlobal Teleradiology Market Segments
The global teleradiology market covered in this report is segmented –
1) By Modality: X-Ray, MRI, CT Scan, Ultrasound Systems
2) By Technology: Web Based, Cloud Based
3) By Component: Hardware, Software
4) By End User: Hospitals, Diagnostic Centres, Other End Users
By Geography: The regions covered in the Teleradiology market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the teleradiology market in 2023. The regions covered in the teleradiology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Teleradiology Industry Players
4ways Healthcare Ltd., Agfa-Gevaert Group, Everlight Radiology Limited, Onrad Inc., RamSoft Inc., RadNet Inc., Virtual Radiologic Corporation, Teleradiology Solutions LLC, NightRays LLC, MEDNAX Inc., Global Diagnostics Ltd., USARAD Holdings Inc., StatRad LLC, Argus Radiology, Direct Radiology LLC, Imaging Advantage LLC, InHealth Group Inc., Imaging On Call Inc., National Teleradiology LLC, Medica Reporting Ltd., Radisphere National Radiology Group, MedWeb, Franklin & Seidelmann Subspecialty Radiology, Telemedicine Clinic ., Aris Radiology, NightShift Radiology, Envision Healthcare Corporation, Vision Radiology
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Teleradiology Market Overview
Teleradiology refers to the transmission of radiological pictures from one site to another. Teleradiology is the process of analyzing medical pictures while a radiologist is not physically present in the area where the images are created. It is used in hospitals, mobile imaging firms, urgent care clinics, and even certain private practices. The main reason for using teleradiology is that having a radiologist on-site is expensive.
Teleradiology Global Market Report 2023 provides data on the global teleradiology market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The teleradiology market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.