Teleradiology Market Covering Developing Trends, Major Highlights With Global Analysis Forecast To 2027

Precision Business Insights published a research report on “Teleradiology Market by Modality type (X-Ray, CT-scans, Ultrasound Scans, MRI Scans, Nuclear Scans, And Others), Service Type (Nighthawk, Second Opinion, Day Time Coverage, Clinical Trials, and Others), End-User (Hospitals, Radiology Centers, Clinics, and Ambulatory Surgical Centers) and Geography - Global/Region/Country Forecast to 2027.” The global teleradiology market size was valued at USD 3.6 billion in 2019 and is anticipated to register a CAGR of 13.9% over the forecast period.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Teleradiology Market by Modality type (X-Ray, CT-scans, Ultrasound Scans, MRI Scans, Nuclear Scans, And Others), Service Type (Nighthawk, Second Opinion, Day Time Coverage, Clinical Trials, and Others), End-User (Hospitals, Radiology Centers, Clinics, and Ambulatory Surgical Centers) and Geography - Global/Region/Country Forecast to 2027”

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Teleradiology is described as the practice of transmitting radiological patient pictures diagnosis, along with x-rays, CT scans, and MRI scans, from one site to another for the aim of exchanging studies with other radiologists and clinicians, utilizing network technology. Teleradiology enhances patient care by lowering the distance barrier, allowing radiologists would provide services and care for patients without needing to physically be present at the patient's address. This is especially critical when a sub-specialist is required in an emergency, along with an MRI radiologist, neuroradiologist, musculoskeletal radiologist or pediatric radiologist. During the research period, need for teleradiology is predicted to rise due to an increasing global adoption of technology in hospitals.

One of the market's strong key drivers is the growing demand for teleradiology in circumstances of second opinions and emergency. Furthermore, teleradiology services are being adopted due to a dearth of health professionals, particularly in sub-specialist sections such as neurology, pediatric, and musculoskeletal radiology. Teleradiology enables healthcare practitioners to access patient information from afar, hence increasing diagnostic coverage. As a result, the market is likely to be driven by the rising availability of teleradiology for rapid diagnosis during the forecast period. Other factors projected to enhance need for teleradiology services throughout the forecast period include the integration of Artificial Intelligence (AI) into teleradiology, the deployment of Picture Archiving and Communication System (PACS), and expanding R&D efforts relevant to eHealth. For example, RamSoft's PowerServer PACS, a cloud-based data transfer system, was chosen by HDM World, a teleradiology provider in Latin America, for its business strategy. This should improve the speed and security of patient data transfer, allowing for faster treatment.

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Impact of COVID-19 on Teleradiology Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

On the basis of Type, the market is divided into Anticoagulants and Non-anticoagulants. On the basis of Rodent Type, the market is categorized into Mouse, Rat, Hamster, Chipmunk and Others. On the basis of Application, the market is classified into Spray, Pellets, and Powder.

On the basis of imaging techniques, the global teleradiology market is categorized into fluoroscopy, mammography, magnetic resonance imaging (MRI), nuclear imaging, computed tomography (CT), ultrasounds, X-ray, and others. Based on technology, the global market is classified into software & hardware and telecom & networking. On the basis of end-user, the global market is divided into ambulatory surgical centers, diagnostic centers, hospitals, and others.

North America now holds the greatest market share and is expected to continue to do so in the coming years. The region's leadership position is due to the growing target massive population, expanding incidence of chronic diseases, and the existence of key market participants. In 2019, Europe accounted for a sizable percentage of market revenue. The market is likely to be driven by an increase in the number of training programmes about teleradiology and its applications organized in Europe.

Some of the major key players in the teleradiology market are 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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