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.
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 form of telemedicine where radiological images are transmitted from one place to another for interpretation and diagnosis. This includes CT scans, MRI scans, X-rays, PET scans, and ultrasounds. In emergencies, it provides quicker and more accurate diagnoses, enabling healthcare providers to promptly attend to patients in need of immediate medical attention. It also enhances workflow efficiency by allowing radiologists to work remotely and interpret images from multiple locations, thereby reducing patient wait times and optimizing the overall effectiveness of the healthcare system. Additionally, it helps minimize expenses by eliminating the necessity for on-site radiologists and reducing the need for repeat imaging, which is both costly and time-consuming. Teleradiology is gaining popularity worldwide due to its numerous benefits, including improved consultation, enhanced staffing, and better healthcare access in rural areas.
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What are the growth prospects and trends in the teleradiology industry?
The rising prevalence of chronic medical conditions such as cancer, diabetes, seizures, and cardiovascular disorders is positively influencing the market. Additionally, the growing elderly population, which faces mobility issues and is more susceptible to these diseases, is also contributing to market growth.
Furthermore, the increasing demand for various radiology procedures like MRI, CT scans, and X-rays in different treatments and surgeries is creating a favorable market outlook. Besides this, the widespread adoption of teleradiology in healthcare information and communication technology (HCIT) is another driver for market growth as it enables cost-effective analysis of radiological images.
Additionally, the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) with teleradiology is bolstering the market growth. Moreover, the increasing investments in R&D activities to innovate advanced teleradiology technologies and improve workflow efficiency are contributing to the market’s expansion.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Software and Services
Breakup by Imaging Technique:
- Computed Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Nuclear Imaging
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
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.
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