IMARC Group, a leading market research company, has recently releases report titled “Global Teleradiology Market Report 2023: Industry Insights By Growth, Size, Share and Analysis Forecast till 2028 .” The study provides a detailed analysis of the industry, including the global teleradiology market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Teleradiology Market?
The global teleradiology market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 15.3% during 2023-2028.
What is Teleradiology?
Teleradiology, a subset of telemedicine, involves electronically transmitting radiological images from one location to another for interpretation and consultation. This process includes X-rays, CT scans, MRIs, and ultrasounds sent from a distant hospital to a specialized radiologist elsewhere. Teleradiology acts as a crucial bridge, overcoming geographical and professional barriers, enabling swift diagnoses, comprehensive consultations, and prompt treatments. Particularly valuable during off-hours or in remote regions lacking expert radiologists, it significantly improves patient care and streamlines healthcare operations in the industry.
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What are the growth prospects and trends in the teleradiology industry?
The increasing prevalence of diseases such as diabetes, cancer, cardiovascular issues, and musculoskeletal disorders is driving the demand for healthcare services. A shortage of radiologists and the need for specialized diagnostic interpretations are contributing to a positive market outlook. Additionally, the incorporation of advanced technologies like artificial intelligence (AI) and machine learning (ML) in image analysis is fueling market growth.
Furthermore, the healthcare sector’s digitization and automation, coupled with the rise of mobile health applications and platforms, are favoring market expansion. The growing popularity of remote patient monitoring, telehealth, and digital health solutions, driven by concerns about hospital-acquired infections (HAIs), is hastening the adoption of teleradiology. Stringent regulations and favorable policies for telemedicine are further bolstering the market outlook.
Moreover, the emergence of secure, cloud-based, and environmentally friendly digital platforms that prioritize patient data privacy and seamless integration with existing healthcare systems is reinforcing market growth.
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What is included in market segmentation?
The report has segmented the market into the following categories:
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
Market 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
Who are the key players operating in the industry?
The report covers the major market players including:
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, USARAD Holdings Inc., etc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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