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Teleradiology Market Research Analysis by Focusing on Top Companies like Siemens AG, Teleradiology Solutions, Global Diagnostics Limited, Mednax, Inc, Onrad Inc, Telediagnostics Services Pvt, Everlight Radiology & Many Others
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Teleradiology is the branch of telemedicine which involves transmission of radiological images and related data from one location to another for diagnostic and consulting purpose. It is an advanced technology that has emerged due to the imbalance between demand and availability of diagnostic services during emergency situations. Earlier, teleradiology was used in emergencies only however, with advent of internet and advancement in IT industry, the teleradiology practice became more common in recent years. The availability of computer programs such as picture archiving and communication system (PACS) and radiological information system (RIS) that are specifically dedicated to sending radiological images has led to the major advancement in teleradiology technologies. This has made teleradiology a common practice in medicine for accurate diagnosis, interpretation, and proper treatment of patient.
The prime factors that drive the growth of teleradiology market are imbalance between the demand and availability of radiological services. Lack of timely diagnostic services cause major problem for clinicians during emergencies especially night hours has further accelerated the demand of teleradiology technologies globally to initiate the proper treatment at the earliest. However, the scarcity of data security tools and robust technologies hamper the growth of the global teleradiology market. Funding by government and private organizations towards development of healthcare facilities in emerging economies is expected to provide lucrative growth opportunities for the teleradiology market growth.
The X-rays technique accounted for about one-sixth share of the total market in 2016. This is owing to the fact that X-rays are used as a common imagine modality for diagnosing wide range of diseases and are recommended as the first line of diagnosis for any bone-related diseases. However, the nuclear imaging segment is expected to register high growth of CAGR 24.4% throughout the forecast period. This is due to the continuous technological breakthrough in the nuclear medicine sector by development of new radiotracers and investment for the modernization of diagnostic imaging centers.
In 2016, Asia-Pacific and LAMEA collectively accounted for about two-sevenths share of the market and is expected to continue this trend. This is due to increase in adoption of teleradiology technologies such as PACS and RIS and high prevalence of chronic diseases specifically in China, India, and the other developing economies. Moreover, rise in investments towards development of healthcare-information technology (HCIT) done by key players in the teleradiology field is the main reason for the growth of the market in Asia-Pacific.
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The key players in the global teleradiology market are
• Siemens AG,
• Teleradiology Solutions (TRS),
• Global Diagnostics Limited.,
• Mednax, Inc.,
• Onrad, Inc.,
• Telediagnostics Services Pvt. Ltd.,
• Everlight Radiology,
• Agfa-Gevaert Group,
• Radisphere National Radiology Group, Inc., and
• Fujifilm Medical Systems, Inc.
The other prominent players in the value chain include Cybernet Medical Corporation, Spectra AB, Medica Reporting Ltd., Teleradiology Solutions, Inc., Radiology Reporting Online (RRO), NightHawk Radiology, Inc., Sectra Imtec AB, StatRad, LLC., Ramasift Inc., and Alta Vista Teleradiology.
Table Of Content
Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
Chapter: 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.4. REGULATORY FRAMEWORK
3.5. MARKET SHARE ANALYSIS, 2016
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.1.1. Advancements in medical digital technology
3.6.1.2. Rise in prevalence of chronic diseases
3.6.1.3. Development of IT infrastructure and rise in healthcare expenditure
3.6.2. Restraints
3.6.2.1. Low availability of broadband networks
3.6.2.2. Dearth of skilled professionals
3.6.3. Opportunities
3.6.3.1. Development of low-power consuming, wireless, and portable X-ray technologies
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