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Teleradiology Market - Global Industry Analysis

Teleradiology Market By Therapy (Chemotherapy, Immunotherapy And Targeted Therapy) And Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 20-Aug-2021 Category: Healthcare Report Format : PDF Pages: 160 Report Code: ZMR-985 Status : Published

The global Teleradiology market accounted for USD 3.80 Billion in 2020 and is expected to reach USD 7.59 Billion by 2028, growing at a CAGR of around 8.5% between 2021 and 2028.

Description

Market Overview     

The global Teleradiology market accounted for USD 3.80 Billion in 2020 and is expected to reach USD 7.59 Billion by 2028, growing at a CAGR of around 8.5% between 2021 and 2028.      

The global teleradiology market is majorly enhanced by technological advancements in teleradiology everywhere on the planet. Other major factors are the rising geriatric population base and elevation in healthcare expenditure paired with an elevated occurrence of chronic disorders. On the opposite hand, technology paired with a possible lack of skilled technicians & radiologists are the main hindering factors which will hamper the event of teleradiology market. However, high rates of penetration by Internet & smartphones paired with elevated healthcare awareness amongst patients everywhere the planet are expected to reveal the new growth opportunities for teleradiology market within the forecast period.

In addition to the present, various government initiatives also will support to the event of worldwide teleradiology market. For instance, in May 2018, the Maharashtra Government of India (APAC) roped private companies for development in teleradiology. This boosted the expansion of the worldwide teleradiology market.

Global Teleradiology Market Size

COVID-19 Impact Analysis  

With the sudden outbreak of COVID-19 globally, medical practices of all sizes are under huge pressure, and healthcare providers got to believe in teleradiology solutions to read diagnostic reports and treat patients. Teleradiology solutions also help to enhance the efficiency of diagnostic imaging by optimizing and simplifying radiology with accurate reads and reduced human/manual errors.  However, this industry is facing monetary, staffing, and logistics challenges as a variety of radiologists are getting into the cluster of telehealth and teleradiology. Also, there are internet bandwidth issues, especially in rural hospital settings, and other people living in rural areas are hesitant to simply accept teleradiology reports due to data breaching issues.

Growth Factors

Due to the outbreak of the corona virus globally, there's a sudden rise in the demand for teleradiology services. The growth of this market is especially attributed to the increasing geriatric population and therefore the subsequent upsurge within the prevalence of associated diseases, the increasing adoption of cloud-based solutions, and therefore the benefits offered by teleradiology and a shortage of skilled radiologists. However, declining reimbursements and increasing regulatory burden within the US, and data breaching of imaging reports hampered market growth to an extent.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Category Type Segment Analysis Preview  

Based on this, the teleradiology market is classified into category types as software, hardware, and telecom & networking. The software sector is likely to develop in the teleradiology market at the quickest rate shortly, owing to the increasing demand for healthcare software to improve interoperability, enhance technical capabilities, and enhance data transparency. 

Modality Type Segment Analysis Preview  

Based on modality type, the teleradiology market is divided into CT (computed tomography), X-ray, ultrasound, MRI (magnetic resonance imaging), fluoroscopy, and nuclear imaging.  X-ray was the dominant segment owing to high usage in primary diagnosis, economical pricing, and the introduction of innovative systems such as filmless x-ray systems are some of the factors responsible for the segment’s dominance. 

Global Teleradiology Market Share

Regional Analysis Preview  

North America is predicted to remain the ruling area within the teleradiology market within the years to return. Demand for teleradiology was uppermost in North America particularly within the U.S., boosting the teleradiology market. Europe was the second biggest market chased by the Asia Pacific. Asia Pacific is probably going to be developing at the highest CAGR within the years to return for the teleradiology market. Additionally, Latin America and the Middle East & Africa also are likely to exhibit perceptible development for the teleradiology market within the coming years.

Key Market Players & Competitive Landscape

The key players of Teleradiology market include Virtual Radiologic, Agfa-Gevaert Group, ONRAD, Inc., Global Diagnostics Ltd., Everlight Radiology, 4ways Healthcare Limited, RamSoft, Inc., Sectra AB and HealthWatch TeleDiagnostics Pvt. Ltd. among others.

Global Teleradiology Market Regional Analysis

The global Teleradiology Market is segmented as follows:

By Category Type

  • Hardware
  • Software
  • Telecom and networking

By Modality Type

  • X-ray
  • Computed tomography (CT)
  • Magnetic resonance imaging (MRI)
  • Ultrasound
  • Nuclear Medicine
  • Fluoroscopy

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, Category Type
        • 2.1.1.2. Market Attractiveness Analysis, Modality Type
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Teleradiulogy Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Teleradiulogy Market – Category Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, Category Type, 2020 & 2028
    • 4.2. Hardware
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Software
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Telecom and networking
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Teleradiulogy Market – Modality Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, Modality Type, 2020 & 2028
    • 5.2. X-ray
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Computed tomography (CT)
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Magnetic resonance imaging (MRI)
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Ultrasound
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Nuclear Medicine
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Fluoroscopy
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Teleradiulogy Market – Regional Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, Category Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, Modality Type, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, Category Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, Modality Type, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, Category Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, Modality Type, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, Category Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, Modality Type, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, Category Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, Modality Type, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, Category Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, Modality Type, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, Category Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, Modality Type, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, Category Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, Modality Type, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, Category Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, Modality Type, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, Category Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, Modality Type, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, Category Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, Modality Type, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, Category Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, Modality Type, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, Category Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, Modality Type, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, Category Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, Modality Type, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, Category Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, Modality Type, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, Category Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, Modality Type, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, Category Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, Modality Type, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, Category Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, Modality Type, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, Category Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, Modality Type, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, Category Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, Modality Type, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, Category Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, Modality Type, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, Category Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, Modality Type, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, Category Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, Modality Type, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, Category Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, Modality Type, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, Category Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, Modality Type, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, Category Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, Modality Type, 2016 – 2028
  • Chapter No. 7: Teleradiulogy Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Teleradiulogy Market: Company Market Share, 2019
      • 8.1.2. Global Teleradiulogy Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Teleradiulogy Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Teleradiulogy Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Virtual Radiulogic
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Agfa-Gevaert Group
    • 9.3. ONRAD, Inc.
    • 9.4. Global Diagnostics Ltd.
    • 9.5. Everlight Radiulogy
    • 9.6. 4ways Healthcare Limited RamSoft, Inc.
    • 9.7. Sectra AB
    • 9.8. HealthWatch TeleDiagnostics Pvt. Ltd.
    • 9.9. Others
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, Category Type
FIG NO. 2. Market Attractiveness Analysis, Modality Type
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Teleradiology Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, Category Type, 2020 & 2028 
FIG NO. 7. Global Teleradiology Market for Hardware, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Teleradiology Market for Hardware, By Country, 2020 & 2028
FIG NO. 9. Global Teleradiology Market for Software, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Teleradiology Market for Software, By Country, 2020 & 2028
FIG NO. 11. Global Teleradiology Market for Telecom and networking, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Teleradiology Market for Telecom and networking, By Country, 2020 & 2028
FIG NO. 13. Market Revenue Share, Modality Type, 2020 & 2028
FIG NO. 14. Global Teleradiology Market for X-ray, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Teleradiology Market for X-ray, By Country, 2020 & 2028 
FIG NO. 16. Global Teleradiology Market for Computed tomography (CT), Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Teleradiology Market for Computed tomography (CT), By Country, 2020 & 2028
FIG NO. 18. Global Teleradiology Market for Magnetic resonance imaging (MRI), Revenue (USD Billion) 2016 – 2028 
FIG NO. 19. Comparative Revenue Analysis of Teleradiology Market for Magnetic resonance imaging (MRI), By Country, 2020 & 2028
FIG NO. 20. Global Teleradiology Market for Ultrasound, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Teleradiology Market for Ultrasound, By Country, 2020 & 2028
FIG NO. 22. Global Teleradiology Market for Nuclear Medicine, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Teleradiology Market for Nuclear Medicine, By Country, 2020 & 2028
FIG NO. 24. Global Teleradiology Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Teleradiology Market for Others, By Country, 2020 & 2028
FIG NO. 26. Global Teleradiology Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Teleradiology Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 28. Porter’s Five Forces Analysis for Global Teleradiology Market
FIG NO. 29. PEST Analysis for Global Teleradiology Market
FIG NO. 30. Pricing Analysis for Global Teleradiology Market
FIG NO. 31. Value Chain Analysis for Global Teleradiology Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. Business Segment Revenue Share, 2020 (%)
FIG NO. 36. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Product, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology


List of Tables 

TABLE NO. 1. Global Teleradiology Market: Snapshot
TABLE NO. 2. Quarterly Teleradiology Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Teleradiology Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Teleradiology Market for Hardware, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Teleradiology Market for Software, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Teleradiology Market for Telecom and networking, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Teleradiology Market for X-ray, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10 Global Teleradiology Market for Computed tomography (CT), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Teleradiology Market for Magnetic resonance imaging (MRI), by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Teleradiology Market for Ultrasound, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Teleradiology Market for Nuclear Medicine, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Teleradiology Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Teleradiology Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Teleradiology Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Teleradiology Market Revenue, Category Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Teleradiology Market Revenue, Modality Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. U.S. Teleradiology Market Revenue, Category Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Teleradiology Market Revenue, Modality Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Canada Teleradiology Market Revenue, Category Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada Teleradiology Market Revenue, Modality Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Mexico Teleradiology Market Revenue, Category Type, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico Teleradiology Market Revenue, Modality Type, 2016 – 2028 (USD Billion)
TABLE NO. 25. Drivers for the Teleradiology Market: Impact Analysis
TABLE NO. 26. Restraints for the Teleradiology Market: Impact Analysis
TABLE NO. 27. Major Buyers of Teleradiology  
TABLE NO. 28. Distributors/Traders List of Teleradiology
TABLE NO. 29. Global Teleradiology Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 30: Global Teleradiology Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Teleradiology market. Zion Research has collected and analyzed key data belong to the global Teleradiology market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Teleradiology across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Teleradiology industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Teleradiology market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Teleradiology is the process of electronic transmission of radiologic images from one location to another for the interpretation and/or consultation. Teleradiology allows more timely interpretation of radiologic images and helps in giving a greater access to secondary consultations. The major advantage of teleradiology is that the users in different locations may simultaneously view the images. Teleradiology is widely implemented by hospitals, urgent care clinics, and specialist imaging companies to address staff shortage to provide radiological services and the lack of expertise. The teleradiology process includes; image acquisition and storage station, an image sending station, a transmission network and a receiving image station that must have a high-quality display screen that has been cleared for clinical purposes. Teleradiology benefits both the patients as well as the radiologists. Various advantages of teleradiology for the patients include the availability of top radiologists for the interpretation of the findings, as well the findings are obtained in a very short period of time and even the costs of travel for the patients, accommodation, and absence from their workplace are minimized.

In the countries like US and UK, radiological scans performed are increasing whereas the shortage of radiologist persists. Also developing countries like India experience shortage of radiological experts in rural areas. During night hours emergency conditions lack of availability of diagnostic services causes great problems. Teleradiology plays important role in outsourcing radiology interpretation or diagnosis and assures competent and timely professional help. Thus the use of teleradiology has become of prime importance in remote locations, night hours and in emergency situations.

Global-Teleradiology-Market

Technological advancement in teleradiology is expected to be the major driver for the global teleradiology market. In addition, the increase in healthcare expenditure will surge the teleradiology market worldwide in the coming years. However, the high cost of technology coupled with a shortage of skilled radiologists and technicians may pose the challenge to teleradiology market. Nevertheless, high penetration rates of smartphones and internet coupled with increased healthcare awareness among patients across the globe are expected to act as an opportunity for teleradiology market in near future.

Based on category type, teleradiology market has been segmented into hardware, software and telecom and networking. Software segment is expected to grow at the fastest rate during the forecast period. Based on modality type, the market is segmented into X-ray, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, nuclear imaging, and fluoroscopy. Based on geography, teleradiology market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil.

North America is expected to remain the dominant region over the forecast period. Availability of high-speed internet facilities, highly developed healthcare infrastructure, and high public healthcare expenditure are expected to boost the market in this region. Europe was the second largest market followed by Asia-Pacific. Asia-Pacific is expected to show fastest growth rate during the forecast period. The Middle East and Africa, and Latin America are also expected to experience noticeable growth in the years to come.

Some of the key players in teleradiology market include Virtual Radiologic, Agfa-Gevaert Group, ONRAD, Inc., Global Diagnostics Ltd., Everlight Radiology, 4ways Healthcare Limited, RamSoft, Inc., Sectra AB and HealthWatch TeleDiagnostics Pvt. Ltd. among others.

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FrequentlyAsked Questions

The global Teleradiology Market was valued at USD 3.80 billion in 2020.

The global Teleradiology Market is expected to reach USD 7.59 billion by 2028, growing at a CAGR of 8.5% between 2021 to 2028.

Increasing demand for teleradiology in cases of second opinion and emergencies is one of the high-impact rendering drivers of the market.

The North America is projected to account for the largest share in the Teleradiology market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the Teleradiology industry in APAC.

The key players of Teleradiology market include Virtual Radiologic, Agfa-Gevaert Group, ONRAD, Inc., Global Diagnostics Ltd., Everlight Radiology, 4ways Healthcare Limited, RamSoft, Inc., Sectra AB and HealthWatch TeleDiagnostics Pvt. Ltd. among others.

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