Teleradiology Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Global Teleradiology Market: By Modality type (X-Ray, CT-scans, Ultrasound Scans, MRI Scans, Nuclear Scans, And Others), By Service Type (Nighthawk, Second Opinion, Day Time Coverage, Clinical Trials, and Others), End-User (Hospitals, Radiology Centers, Clinics, and Ambulatory Surgical Centers), and Geography – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Teleradiology Market Report Description:
Teleradiology Market report gives comprehensive outlook on teleradiology market across the globe with special emphasis on key regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa (MEA). This report on teleradiology market gives historical, current, and future market sizes (US$ Mn) of product type, dosage form, distribution channel, and geographic regions. This report studies teleradiology market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, teleradiology market report includes recent regulatory scenario, new services, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analysed teleradiology market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and unmet needs of the market. Key stakeholders of the teleradiology market report include service providers, information system manufacturers, physicians, policy makers.

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Teleradiology Market:
The teleradiology market was valued at US$ 1.7 Bn in 2016 and poised to grow at CAGR 19.1%. over 2017 to 2023

Lack of teleradiologists coupled with increase in incidence of acute and chronic diseases are driving the market growth
Rapid adoption of digitalization in healthcare and lack of radiologists in various regions are fueling the growth of teleradiology market. Furthermore, increase in incidence of acute and chronic diseases like cancers, neurological ailments, orthopedic and respiratory diseases, among others are projected to drive the growth of the teleradiology market over the forecast period. In addition, increase in adoption of imaging services globally to diagnose various disease conditions plays a pivotal role in teleradiology market. For instance, according to OCED statistics, computed tomography scans in France increased 53.1 to 76.3 per 1000 inhabitants from 2010 to 2014. Lack of radiologists and cost-effective teleradiology services are fueling the growth of teleradiology market. Various government bodies are promoting the teleradiology services in order to fasten the diagnosing services and reduce the healthcare burden will have positive impact on the teleradiology services market.

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Unavailability of reimbursement for radiology services and data security restrains the market growth
In teleradiology, patients imaging data will be transferred to physicians in different regions/countries to interpret the imaging data. In such scenario, data security plays a very crucial role in teleradiology market. Lack of strong data secure software’s will have negative impact on the growth of teleradiology market. Furthermore, lack of reimbursement policies if the radiology data is analysed in other countries than the imaging data generated country. For instance, if the radiology report is generated in U.S. and the data is transferred to other country physicians for interpretation it wouldn’t be reimbursed.

North America occupies major pie in global teleradiology market
North America market accounts significant market share in the teleradiology market owing to increase in outsourcing of imaging services, high incidence of chronic and acute diseases, and Medicare reimbursements for the teleradiology services, if they are performed within the U.S., are driving the growth of teleradiology market over the forecast period. Europe market is projected to record significant CAGR over the forecast period due to death of radiologists in European countries. For instance, lack of radiologists in England delaying the breast cancer diagnosis in the country. For the breast cancer screening program in England, 15% of radiographers posts are unfilled and 65% screening units had vacancies.

Competition Assessment
Key player’s profiles in the global teleradiology market include:
• RadNet, Inc. (U.S.)
• Teleradiology Providers (India)
• Quality Nighthawk (U.S.)
• Foundation Radiology Group (U.S.)
• Argus Radiology (U.S.)
• StatRad, LLC (U.S.)
• USARAD Holdings, Inc (U.S.)
• Vital Radiology Services (India)
• Teleradiology Solutions (U.S.)
• Telemedicine Clinic (Spain)


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Teleradiology market is dominated by many smaller players than bigger players. Companies are adopting various strategies to enhance their sales revenue. Few companies are collaborating with local public and private based hospitals to serve their radiology needs. Some companies are having offices in different countries to operate in different time zones. For instance, in August 2017, Telemedicine Clinic (TMC) provides elective services to Plymouth NHS and ad hoc and on call services to Wigan NHS trust. In addition, companies are incorporating advanced technology platforms to optimize their operations.

Key Findings of the Report:
• Teleradiology Market expanding at XX% CAGR over 2017 to 2013 to reach market value of US$ XX Mn by 2023
• Based on modality type, X- ray accounted for larger market share in 2016 owing to their usage in diagnosing various ailments and CT-scans projected to grow with a significant CAGR over the forecast period
• Nighthawk segment projected to register highest CAGR in global teleradiology market over the forecast period
• Hospitals are the major end-user for teleradiology market


Key Features of the Report:
• The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and startup’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
• The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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