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Press Release:

Global Teleradiology Market to Reach US$ 10.6 Billion by 2027, Augmented by the Rising Demand for Medical Imaging Procedures

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Teleradiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global teleradiology market reached a value of US$ 4.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.6 Billion by 2027 exhibiting a CAGR of 14.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Teleradiology is a subset of telemedicine used to acquire, view, and interpret the radiological images of a patient’s internal body. It includes computed tomography (CT), magnetic resonance imaging (MRI), X-ray, positron emission tomography (PET), and ultrasound. The teleradiology involves an image sending station, transmission network, and receiving image station that is integrated with a specialized computer and high-quality display to deliver clear radiological images. It offers various benefits, such as efficiency, reduced costs, enhanced consultation, instant diagnostics, improved staffing, and better rural-area care. 

 

 
 

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Teleradiology Market Trends:

The widespread adoption of teleradiology in the healthcare information technology (HCIT) sector for analyzing radiological images at lower expenses is one of the key factors driving the teleradiology market toward growth. Moreover, the increasing prevalence of various chronic diseases, such as cancer, seizures, and heart attack, amongst the geriatric population is impelling the market growth. In line with this, the rising demand for various radiologist procedures, like MRI, CT, and X-ray, in the rural areas to access specialized treatment is acting as another growth-inducing factor. Other factors, such as the rising investments in the research and development (R&D) activities for innovating advanced teleradiology technologies to improve the workflow efficiency and the introduction of reverse digital imaging and communication of medicine (DICOM) report delivery, automated query retrieve, monitoring, and automated uptime in the healthcare sector are contributing to the market growth. The numerous initiatives undertaken by the governments of various countries for strengthening the healthcare sector is propelling the market growth further. Apart from this, the sudden outbreak of coronavirus (COVID-19) has boosted the need for effective remote diagnostic examinations to assess the symptoms, which is creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global teleradiology market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, imaging technique and end user.

Breakup by Component:

 

 
 

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  • Software and Services
  • Hardware
     

Breakup by Imaging Technique:

  • X-rays
  • Computed Tomography (CT)
  • Ultrasound
  • Magnetic Resonance Imaging (MRI)
  • Nuclear Imaging
  • Others
     

Breakup by End User:

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 4ways Healthcare Limited, Agfa-Gevaert Group, Carestream Health, Cerner Corporation, FUJIFILM Corporation, General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Mednax Services Inc., ONRAD Inc., RamSoft Inc., Siemens AG, Teleradiology Solutions and USARAD Holdings Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Imaging Technique, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 4ways Healthcare Limited, Agfa-Gevaert Group, Carestream Health, Cerner Corporation, FUJIFILM Corporation, General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Mednax Services Inc., ONRAD Inc., RamSoft Inc., Siemens AG, Teleradiology Solutions and USARAD Holdings Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global teleradiology market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global teleradiology market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the imaging technique?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global teleradiology market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Teleradiology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Software and Services
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hardware
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Imaging Technique
    7.1    X-rays
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Computed Tomography (CT)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Ultrasound
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Magnetic Resonance Imaging (MRI)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Nuclear Imaging
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by End User
    8.1    Hospitals and Clinics
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Ambulatory Surgical Centers
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Diagnostic Centers
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    4ways Healthcare Limited
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Agfa-Gevaert Group
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Carestream Health
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Cerner Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    FUJIFILM Corporation
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    General Electric Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Koninklijke Philips N.V.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    McKesson Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Mednax Services Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    ONRAD Inc. 
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    RamSoft Inc. 
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    Siemens AG
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Teleradiology Solutions 
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
        14.3.14    USARAD Holdings Inc.
           14.3.14.1 Company Overview
           14.3.14.2 Product Portfolio

List of Figures

Figure 1: Global: Teleradiology Market: Major Drivers and Challenges
Figure 2: Global: Teleradiology Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Teleradiology Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Teleradiology Market: Breakup by Component (in %), 2021
Figure 5: Global: Teleradiology Market: Breakup by Imaging Technique (in %), 2021
Figure 6: Global: Teleradiology Market: Breakup by End User (in %), 2021
Figure 7: Global: Teleradiology Market: Breakup by Region (in %), 2021
Figure 8: Global: Teleradiology (Software and Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Teleradiology (Software and Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Teleradiology (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Teleradiology (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Teleradiology (X-rays) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Teleradiology (X-rays) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Teleradiology (Computed Tomography (CT)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Teleradiology (Computed Tomography (CT)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Teleradiology (Ultrasound) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Teleradiology (Ultrasound) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Teleradiology (Magnetic Resonance Imaging (MRI)) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Teleradiology (Magnetic Resonance Imaging (MRI)) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Teleradiology (Nuclear Imaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Teleradiology (Nuclear Imaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Teleradiology (Other Imaging Techniques) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Teleradiology (Other Imaging Techniques) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Teleradiology (Hospitals and Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Teleradiology (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Teleradiology (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Teleradiology (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Teleradiology (Diagnostic Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Teleradiology (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Teleradiology (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Teleradiology (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Teleradiology Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Teleradiology Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Teleradiology Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Teleradiology Industry: SWOT Analysis
Figure 82: Global: Teleradiology Industry: Value Chain Analysis
Figure 83: Global: Teleradiology Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Teleradiology Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Teleradiology Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Teleradiology Market Forecast: Breakup by Imaging Technique (in Million US$), 2022-2027
Table 4: Global: Teleradiology Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Teleradiology Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Teleradiology Market: Competitive Structure
Table 7: Global: Teleradiology Market: Key Players


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