Market Overview:
The global teleradiology market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for teleradiology services due to the growing prevalence of chronic diseases, rising geriatric population, and technological advancements in the field of radiology. The global teleradiology market is segmented on the basis of type into X-ray, CT, ultrasound, MRI, and nuclear imaging. The X-ray segment is expected to account for the largest share of the global teleradiology market in 2018 owing to its low cost and high availability. However,the CT segment is projectedto grow at a higher CAGR duringthe forecast period as it offers superior image quality compared with other modalities such as X-rays and ultrasound scans.
Product Definition:
Teleradiology is the transmission of radiologic images and reports electronically from one location to another.
-It allows radiologists to consult with other specialists or experts in other parts of the country or world.
-It can speed up the diagnosis and treatment of patients who live a long distance from a hospital or imaging center.
-It can help make sure that patients receive timely care, even if they are living in a remote area.
X-Ray:
X-ray is a kind of electromagnetic ionizing radiation which is applied to the study of matter by using this radiation and certain chemicals can be used for analyzing the images formed. The images formed can be seen with the help of optical instruments, X-ray machines or x-rays may also be referred to as radiographs.
The global teleradiology market size was valued at USD 2,849.1 million in 2016.
CT:
CT or computed tomography is a diagnostic medical imaging technology that utilizes X-rays to provide detailed images of targeted areas. CT scan works by generating multiple small X-ray beams which are directed towards the area of interest and then captured on film. The process is repeated until the number of images required to cover the area of concern reach into millions and then they are processed together to generate an image.
Application Insights:
The cardiology segment dominated the global teleradiology market in 2017. The growth can be attributed to factors such as rising prevalence of cardiac disorders, technological advancements for better image quality and volume, and increasing number of accredited teleradiology practices. For instance, according to the American Heart Association (AHA), around 1 in every 3 deaths are caused by cardiovascular diseases in the U.S., which is also one of the leading causes of death across all age groups. Thus, an increase in incidence rate coupled with a rise in mortality rate is expected to drive demand over the forecast period.
Oncology accounted for a significant share owing to factors such as rising incidences associated with cancer and increasing awareness among patients regarding access to treatment centers that offer advanced radiographic imaging techniques for oncological diagnostics & screening procedures at affordable costs coupled with high-quality images are some key contributing factors driving growth over recent years.
Regional Analysis:
North America held the largest revenue share in 2017. The growth is attributed to the presence of major players, technological advancements, and high adoption rate of advanced technologies in this region. In addition, favorable reimbursement policies are also expected to drive regional market growth during the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to increasing outsourcing activities by North American and European radiologists coupled with rising healthcare expenditure in developing countries such as India and China. Furthermore, growing awareness about teleradiology services among patients will propel regional market growth during the forecast period (2018-2030).
In addition, government initiatives for improving healthcare infrastructure are also expected favorably impact regional market development over next eight years (2018-2030). For instance; In April 2016; Ministry Of Health And Family Welfare.
Growth Factors:
- Increasing demand for teleradiology services from hospitals and clinics due to the growing number of patients and the need for timely diagnosis and treatment.
- Rising incidence of chronic diseases such as cancer, heart disease, and stroke that require regular monitoring through radiology scans.
- Rapid growth in the number of diagnostic imaging procedures due to increasing awareness about early diagnosis and treatment options among patients.
- Proliferation of digital technologies that have made teleradiology more efficient, cost-effective, and user-friendly.
- Growing demand for telemedicine services in rural areas where there is a shortage of radiologists
Scope Of The Report
Report Attributes
Report Details
Report Title
Teleradiology Market Research Report
By Type
X-Ray, CT, Ultrasound, MRI, Nuclear Imaging
By Application
Cardiology, Neurology, Oncology, Musculoskeletal, Gastroenterology, Others
By Companies
Agfa HealthCare, Siemens Healthcare, StatRad, vRad
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Teleradiology Market Report Segments:
The global Teleradiology market is segmented on the basis of:
Types
X-Ray, CT, Ultrasound, MRI, Nuclear Imaging
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cardiology, Neurology, Oncology, Musculoskeletal, Gastroenterology, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Agfa HealthCare
- Siemens Healthcare
- StatRad
- vRad
Highlights of The Teleradiology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X-Ray
- CT
- Ultrasound
- MRI
- Nuclear Imaging
- By Application:
- Cardiology
- Neurology
- Oncology
- Musculoskeletal
- Gastroenterology
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Teleradiology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Teleradiology is the use of telecommunications technology to provide radiologic images and other diagnostic information.
Some of the major players in the teleradiology market are Agfa HealthCare, Siemens Healthcare, StatRad, vRad.
The teleradiology market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Teleradiology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Teleradiology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Teleradiology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Teleradiology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Teleradiology Market Size & Forecast, 2018-2028
4.5.1 Teleradiology Market Size and Y-o-Y Growth
4.5.2 Teleradiology Market Absolute $ Opportunity
Chapter 5 Global Teleradiology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Teleradiology Market Size Forecast by Type
5.2.1 X-Ray
5.2.2 CT
5.2.3 Ultrasound
5.2.4 MRI
5.2.5 Nuclear Imaging
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Teleradiology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Teleradiology Market Size Forecast by Applications
6.2.1 Cardiology
6.2.2 Neurology
6.2.3 Oncology
6.2.4 Musculoskeletal
6.2.5 Gastroenterology
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Teleradiology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Teleradiology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Teleradiology Analysis and Forecast
9.1 Introduction
9.2 North America Teleradiology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Teleradiology Market Size Forecast by Type
9.6.1 X-Ray
9.6.2 CT
9.6.3 Ultrasound
9.6.4 MRI
9.6.5 Nuclear Imaging
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Teleradiology Market Size Forecast by Applications
9.10.1 Cardiology
9.10.2 Neurology
9.10.3 Oncology
9.10.4 Musculoskeletal
9.10.5 Gastroenterology
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Teleradiology Analysis and Forecast
10.1 Introduction
10.2 Europe Teleradiology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Teleradiology Market Size Forecast by Type
10.6.1 X-Ray
10.6.2 CT
10.6.3 Ultrasound
10.6.4 MRI
10.6.5 Nuclear Imaging
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Teleradiology Market Size Forecast by Applications
10.10.1 Cardiology
10.10.2 Neurology
10.10.3 Oncology
10.10.4 Musculoskeletal
10.10.5 Gastroenterology
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Teleradiology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Teleradiology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Teleradiology Market Size Forecast by Type
11.6.1 X-Ray
11.6.2 CT
11.6.3 Ultrasound
11.6.4 MRI
11.6.5 Nuclear Imaging
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Teleradiology Market Size Forecast by Applications
11.10.1 Cardiology
11.10.2 Neurology
11.10.3 Oncology
11.10.4 Musculoskeletal
11.10.5 Gastroenterology
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Teleradiology Analysis and Forecast
12.1 Introduction
12.2 Latin America Teleradiology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Teleradiology Market Size Forecast by Type
12.6.1 X-Ray
12.6.2 CT
12.6.3 Ultrasound
12.6.4 MRI
12.6.5 Nuclear Imaging
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Teleradiology Market Size Forecast by Applications
12.10.1 Cardiology
12.10.2 Neurology
12.10.3 Oncology
12.10.4 Musculoskeletal
12.10.5 Gastroenterology
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Teleradiology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Teleradiology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Teleradiology Market Size Forecast by Type
13.6.1 X-Ray
13.6.2 CT
13.6.3 Ultrasound
13.6.4 MRI
13.6.5 Nuclear Imaging
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Teleradiology Market Size Forecast by Applications
13.10.1 Cardiology
13.10.2 Neurology
13.10.3 Oncology
13.10.4 Musculoskeletal
13.10.5 Gastroenterology
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Teleradiology Market: Competitive Dashboard
14.2 Global Teleradiology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Agfa HealthCare
14.3.2 Siemens Healthcare
14.3.3 StatRad
14.3.4 vRad
