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. 

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:

• 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:

• 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:

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?