Global Teleradiology Market Size, Share & Growth Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Teleradiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” 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 is a branch of telemedicine that involves the electronic transmission of radiological images from one location to another for interpretation and consultation purposes. It includes the transfer of X-rays, CTs, MRIs, and ultrasounds from a remote hospital to a highly qualified radiologist elsewhere. It exhibits the ability to bridge geographical and professional gaps, allowing for faster diagnosis, comprehensive consultation, and timely treatment. It is particularly useful during off-hours when onsite radiologists are available, and in rural and remote areas where expert radiologists are scarce. Moreover, teleradiology is widely used in the healthcare industry to enhance patient care and streamline healthcare operations.

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What are the growth prospects and trends in the teleradiology industry?

The growing prevalence of diabetes, cancer, and cardiovascular and musculoskeletal disorders is leading to the catalyzing demand for healthcare services. Additionally, the shortage of radiologists and the need for specialized diagnostic interpretations is offering a favorable market outlook. Furthermore, the adoption of advanced technologies like artificial intelligence (AI( and machine learning (ML) in image analysis is contributing to market growth.

Apart from this, the growing digitization and automation in the healthcare sector and the increasing use of mobile health applications and platforms are favoring market growth. The rising trend of remote patient monitoring, telehealth, and digital health solutions due to the increasing occurrence of hospital-acquired infections (HAIs) is accelerating the adoption of teleradiology. Strict regulations and favorable policies for telemedicine are creating a positive market outlook.

Moreover, the advent of secure, cloud-based, and eco-friendly digital platforms, which ensure patient data privacy and seamless integration with existing healthcare systems, is strengthening the growth of the market.

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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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