Teleradiology Market - Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2018-2028, Segmented By Component (Software v/s Services), By Imaging Technique (X-ray, CT, MRI, Ultrasound, Mammography, Others), By End User (Hospitals & Clinics, Diagnostic Laboratories, Others, By Region

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Teleradiology market growth is estimated to boost in the forecast year due to the various factors which includes prevailing health conditions and the current medical facility provided among the population. Especially in developing countries that is making people to opt and avail the best and feasible service provided around them. The radiology service has been extensively used and utilized through offering interpretation of all noninvasive imaging studies, including digitized X-rays, CT, MRI, ultrasound, and nuclear medicine studies, which can be conveniently performed by teleradiology, and thus, is expanding the field of medical technology using teleradiology.

Teleradiology is widely used by doctors to collaborate and consult with other medical professionals who are remotely located, and that is something which might not be able to do without this technology of teleradiology. It helps in diagnosis of the prevailing condition, along with access to second opinion,  thus is helping in disease management. There are times when a radiologist is unavailable in the hospital which sometimes lead to misinterpretation of disease due to negligence, making people look for second opinion for confirmation of disease before moving further with the medications. As a result, people often seek a second opinion to confirm the diagnosis before the beginning of the treatment.

The main driver of the expansion of the global teleradiology market is the rising need for second opinions in emergency situations via teleradiology. The rise of multiple consultation scenarios from various doctors and locations to look for better and more practical options for healthcare facilities is being driven by rising awareness among the population and growing interest of people to spend more on health expenditure for better health treatment and facility.

Increasing Incidence of the Target Disease

Additionally, there is a growing need for teleradiology services due to the prevalence of chronic diseases, the ageing population, and the constantly expanding number of healthcare organizations, worldwide. According to WHO, it has been estimated that the elderly population (above 60 years) of the world will rise from 12% to 22% between the year 2015 to 2050.  In 2050, 80% of older people will be living in low and middle-income countries. With the focus towards geriatric population the increase in demand for radiological services is expanding owing to the demographic shift, change in lifestyle and high prevalence of chronic diseases such as carotid artery, colorectal cancer, lung cancer, arthritis and osteoporosis, kidney failure, osteoarthritis etc.

Access to Health in Rural Areas is Improving

 

Rural areas have benefited greatly from teleradiology since it gives patients a rapid fix for additional examination by concerned senior doctors. People living in rural areas, where access to high-quality, error-free diagnosis is scarce, have benefited greatly from teleradiology. Senior citizens and ill patients who might not be able to frequently travel to the local hospital have also benefited from it.

It also benefits smaller hospitals, which typically only have a few radiologists on staff. Teleradiology has made it possible for hospitals with less developed radiology infrastructure to exchange pictures with hospitals with more advanced equipment for review by a radiologist with greater experience. This spares the patient time and additional stress they would experience if they had to travel to a busier hospital to get a second opinion. The use of teleradiology enables radiologists in different locations to review the pictures that the Emergency Room teams take.   Thus, the use of teleradiology specially in the rural areas is one of the major market trends affecting the teleradiology market recently is the rising demand for teleradiology systems among hospitals and other medical facilities in rural areas.

Cost-Effective Interpretation of Radiographs Bolstering Teleradiology Market

Due to the reduction in travel time, teleradiology has shown to be a cost-effective choice for the patients. Teleradiology is now extensively used by hospitals, mobile imaging businesses, urgent care centers, and even some private practices. The fundamental justification for using teleradiology is because having a radiologist on-site is expensive. It can result in significant savings for facilities that need round-the-clock assistance or for those with a low volume of radiology patients. Teleradiology enhances patient care by enabling radiologists to give their services without having to be present where the patient is. This is crucial whenever a sub-specialist radiologist is required, such as a musculoskeletal radiologist, pediatric radiologist, neuroradiologist, or MRI radiologist, as they typically operate during the day in busy cities. On the other hand, teleradiology enables patients a constant access to qualified specialists 24/7 and in case of emergency.

Digital Technology Advancement to Support the Global Teleradiology Market

Teleradiology was exclusively utilised in emergencies, until recently. Since the invention of the internet, sending pictures is just as simple as sending emails with attachments. There are currently computer programmes made specifically for sending radiological pictures. Due to these advancements, teleradiology has been and will continue to become a prominent medical profession.

The government's actions to encourage healthcare digitization are anticipated to support market expansion. Additionally, quick advancements in digital image processing technology guarantee efficient picture distribution at the local, national, and international levels. Additionally, the growing geriatric population and the subsequent rise in the prevalence of associated diseases have all been positively anticipated in propelling the growth of the global teleradiology market. These factors include the emergence and acceptance of mobile technology (mHealth) to visualise and interpret images.

The healthcare informatics systems that allow for efficient and speedy image transfer and interpretation are the foundation of the teleradiology sector. The PACS and RIS systems now in use are insufficient to carry out teleradiology procedures. Integration of RIS-PACS and a robust and efficient teleradiology process are also required. Digital image processing technologies are rapidly evolving, ensuring efficient image distribution at the local, national, and international levels. These technologies help to increase teleradiology procedures' adoption on a global scale. The global teleradiology industry is being driven by the emergence and growing acceptance of mobile technology (mHealth) platforms to display and interpret radiologic images. Clinicians and doctors benefit from these tools, particularly in an emergency. For instance, expanding the use of mobile applications for iPad, iPhone, and other smart phones guarantees that medical images are properly interpreted, shortening treatment times, and improving patient outcomes, thus, utilizing the more use of teleradiology in public.


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Market Segmentation

The Global Teleradiology Market is segmented based on Component, Imaging Technique, End User, Region, and Company. Based on Component, the market is bifurcated into Software and Services. The Software is sub segmented into PACS and RIS. Similarly, the Service is sub segmented into General Reporting, Consultation, and Others. Based on Imaging Technique, the segment is split among X-ray, CT, MRI, Ultrasound, Mammography, and Others. Based on the End User, the market is divided into Hospitals & Clinics, Diagnostic Laboratories, and Others.

Company Profiles

Koninklijke Philips N.V., 4ways Healthcare Ltd., ONARD, Inc, RamSoft, Inc., Agfa-Gevaert Group, Teleradiology Solutions, Vital Radiology Services, Virtual Radiologic Corporation, Medica Group PLC, Everlight Radiology are among the major market players operating in the Global Teleradiology Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2022

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Component

Imaging Technique

End User

Regional Scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country Scope

United States; Canada; Mexico; Germany; France; United Kingdom; Italy; Spain; Poland; China; India; Japan; South Korea; Australia; Thailand; Vietnam; Malaysia; Brazil; Argentina; Colombia; Turkey; Egypt; South Africa; Saudi Arabia; UAE

Key Companies Profiled

Koninklijke Philips N.V., 4ways Healthcare Ltd., ONARD, Inc, RamSoft, Inc., Agfa-Gevaert Group

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Global Teleradiology Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Teleradiology Market, By Component:
    • Software
    • Service

·         By Software

o   PACS

o   RIS

·         By Service

o   General Reporting

o   Consultation

o   Others

·         Teleradiology Market, By Imaging Technique:

o   X-ray

o   CT

o   MRI

o   Ultrasound

o   Mammography

o   Others

·         Teleradiology Market, By End User:

o   Hospitals & Clinics

o   Diagnostic Laboratories

o   Others

  • Teleradiology Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    •    Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • UAE
      • Saudi Arabia
      • South Africa
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Teleradiology Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Teleradiology Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Teleradiology Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Component (Software v/s Services)

5.2.1.1.         By Software (PACS v/s RIS)

5.2.1.2.         By Service (General Reporting, Consultation, Others)

5.2.2.     By Imaging Technique (X-ray, CT, MRI, Ultrasound, Mammography, Others)

5.2.3.     By End User (Hospitals & Clinics, Diagnostic Laboratories, Others)

5.2.4.     By Region

5.2.5.     By Company (2022)

5.3.  Market Map

5.3.1.     By Component

5.3.2.     By Imaging Technique

5.3.3.     By End User

5.3.4.     By Region

6.    North America Teleradiology Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component

6.2.1.1.         By Software (PACS v/s RIS)

6.2.1.2.         By Service (General Reporting, Consultation, Others)

6.2.2.     By Imaging Technique

6.2.3.     By End User

6.2.4.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Teleradiology Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Component

6.3.1.2.2.             By Imaging Technique

6.3.1.2.3.             By End User

6.3.2.     Canada Teleradiology Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Component

6.3.2.2.2.             By Imaging Technique

6.3.2.2.3.             By End User

6.3.3.     Mexico Teleradiology Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Component

6.3.3.2.2.             By Imaging Technique

6.3.3.2.3.             By End User

7.    Europe Teleradiology Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Component

7.2.1.1.         By Software (PACS v/s RIS)

7.2.1.2.         By Service (General Reporting, Consultation, Others)

7.2.2.     By Imaging Technique

7.2.3.     By End User

7.2.4.     By Country

7.3.  Europe: Country Analysis

7.3.1.     Germany Teleradiology Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Component

7.3.1.2.2.             By Imaging Technique

7.3.1.2.3.             By End User

7.3.2.     France Teleradiology Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Component

7.3.2.2.2.             By Imaging Technique

7.3.2.2.3.             By End User

7.3.2.2.4.              

7.3.3.     United Kingdom Teleradiology Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Component

7.3.3.2.2.             By Imaging Technique

7.3.3.2.3.             By End User

7.3.4.     Italy Teleradiology Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Component

7.3.4.2.2.             By Imaging Technique

7.3.4.2.3.             By End User

7.3.5.     Spain Teleradiology Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Component

7.3.5.2.2.             By Imaging Technique

7.3.5.2.3.             By End User

8.    Asia-Pacific Teleradiology Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Component

8.2.1.1.         By Software (PACS v/s RIS)

8.2.1.2.         By Service (General Reporting, Consultation, Others)

8.2.2.     By Imaging Technique

8.2.3.     By End User

8.2.4.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Teleradiology Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Component

8.3.1.2.2.             By Imaging Technique

8.3.1.2.3.             By End User

8.3.2.     Japan Teleradiology Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Component

8.3.2.2.2.             By Imaging Technique

8.3.2.2.3.             By End User

8.3.3.     India Teleradiology Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Component

8.3.3.2.2.             By Imaging Technique

8.3.3.2.3.             By End User

8.3.4.     South Korea Teleradiology Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Component

8.3.4.2.2.             By Imaging Technique

8.3.4.2.3.             By End User

8.3.5.     Australia Teleradiology Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Component

8.3.5.2.2.             By Imaging Technique

8.3.5.2.3.             By End User

9.    South America Teleradiology Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Component

9.2.1.1.         By Software (PACS v/s RIS)

9.2.1.2.         By Service (General Reporting, Consultation, Others)

9.2.2.     By Imaging Technique

9.2.3.     By End User

9.2.4.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Teleradiology Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Component

9.3.1.2.2.             By Imaging Technique

9.3.1.2.3.             By End User

9.3.2.     Argentina Teleradiology Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Component

9.3.2.2.2.             By Imaging Technique

9.3.2.2.3.             By End User

9.3.3.     Colombia Teleradiology Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Component

9.3.3.2.2.             By Imaging Technique

9.3.3.2.3.             By End User

10.  Middle East and Africa Teleradiology Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Component

10.2.1.1.      By Software (PACS v/s RIS)

10.2.1.2.      By Service (General Reporting, Consultation, Others)

10.2.2.  By Imaging Technique

10.2.3.  By End User

10.2.4.  By Country

10.3.              MEA: Country Analysis

10.3.1.  UAE Teleradiology Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Component

10.3.1.2.2.           By Imaging Technique

10.3.1.2.3.           By End User

10.3.2.  Saudi Arabia Teleradiology Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Component

10.3.2.2.2.           By Imaging Technique

10.3.2.2.3.           By End User

10.3.3.  South Africa Teleradiology Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Component

10.3.3.2.2.           By Imaging Technique

10.3.3.2.3.           By End User

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Business Overview

13.2.              Product Offerings

13.3.              Recent Developments

13.4.              Financials (In Case of Listed Companies)

13.5.              Key Personnel

13.5.1.  Koninklijke Philips N.V.

13.5.2.  4ways Healthcare Ltd.

13.5.3.  ONARD, Inc.

13.5.4.  RamSoft, Inc.

13.5.5.  Agfa-Gevaert Group

13.5.6.  Teleradiology Solutions

13.5.7.  Vital Radiology Services

13.5.8.  Virtual Radiologic Corporation

13.5.9.  Medica Group PLC

13.5.10.                Everlight Radiology

14.  Strategic Recommendations

15.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Global Teleradiology Market is expected to grow in the forecast year leading to the inclination of people for easy access to radiology at places where the service is scarce and easy availability to second opinion at low cost without any misinterpretation of the results.

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Asia Pacific Teleradiology Market is expected to grow in the forecast year due to increasing incidence of cancer cases in the countries like Australia in which oncology work is driving most of the demand for CT. Thus, the number of examinations being requested has been rising every year over the past decades.

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The teleradiology service which solely works with the availability of internet can be restrained at the rural places where there is a lack of internet networks Other factors include scarcity of competent radiologist and unawareness among people of the availability of the teleradiology services are some of the factors which restrains the growth of Global Teleradiology Market.

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4ways Healthcare Ltd., Agfa-Gevaert Group, Koninklijke Philips N.V., ONARD, Inc. and others are some of the leading players operating in the Global Teleradiology Market.

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Sakshi Bajaal

Business Consultant
Press Release

Teleradiology Market to Grow with introduction of m-Health Services.

Jan, 2023

The adoption of teleradiology due to its 24/7 access and its use in faster diagnosis in patients will propel the expansion of the market of Global Teleradiology Market during the forecast period.

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