Teleradiology Market CAGR of 15.3%, Product & Service, End User, Imaging Technique, COVID-19 Impact, Competitive Landscape, Drivers, Restraints and Forecast to 2026

The Teleradiology Market report keenly considers the market type, size of the organization, availability on-premises, end-users organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific, and the Middle East & Africa to analyze the data. Thus, this market research report encompasses various parameters of the market. The analysis and estimations carried out via this Teleradiology Market report help to get the details about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.

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The teleradiology market is expected to reach USD 14.8billion by 2026 from USD 7.3 billion in 2021, at a CAGR of 15.3% during the forecast period of 2021 to 2026.

Due to the outbreak of coronavirus globally, there is a sudden rise in the demand for teleradiology services. The growth of this market is mainly attributed to the growth of the teleradiology market is driven by the rising geriatric population and the subsequent increase in the prevalence of associated diseases; the increasing number of advanced imaging procedures and a shortage of skilled radiologists; advancements in teleradiology the increasing adoption of cloud-based solutions. However, declining reimbursements and the increasing regulatory burden in the US are factors expected to restrain the market growth. Moreover, the increasing adoption of artificial intelligence and blockchain technology in teleradiology is expected to provide lucrative opportunities for the growth of the teleradiology market in the coming years.

“CT was the largest and fastest-growing Imaging technique market in 2020”

Computed tomography (CT) is used in a wide range of applications, such as cardiology, oncology, neurology, and abdomen and pelvic, and spine and musculoskeletal imaging. Factors such as the growing need for effective and early diagnosis, technological advancements, and digitalization in this field are driving the growth of the teleradiology market for this segment. According to an article published by the University College (July 2020), in the NHS, about 5 million CT scans are performed every year; in the US, more than 80 million CT scans are performed annually. The rising need to prevent exploratory surgeries and growing improvements in cancer diagnosis & treatment have increased the demand for CT scans over other imaging techniques.

“Hospitals and clinics is the largest end user segment in the teleradiology market in 2020”

Based on end users, the teleradiology market is segmented into hospitals and clinics; diagnostic imaging centers and laboratories; long-term care centers, nursing homes, and assisted living facilities; and other end users. The hospitals and clinics segment accounted for the largest share of in 2020. The large share of this segment can be attributed to the rising number of diagnostic imaging procedures performed in hospitals, the growing inclination of hospitals towards the automation and digitization of patient records, and the growing need to improve the quality of patient care. Moreover, a shortage of radiologists due to the COVID-19 pandemic and the rising adoption of advanced imaging modalities to improve workflow efficiency in hospitals are further expected to support the growth of this end-user segment.

“North America will continue to dominate the teleradiology market in 2026”

The teleradiology market is segmented into five major regions, namely, North America, Europe, Asia Pacific, Latina America, and the Middle East and Africa. In 2019, North America accounted for the largest share. The large share of North America in the global market is attributed to the rising geriatric population, high incidence of chronic diseases, a large number of diagnostic imaging procedures, increasing awareness about the benefits of early diagnosis of diseases, and the rapid adoption of technologically advanced imaging systems in this region. Due to its growing geriatric population segment and environmental conditions have favored the spread of COVID-19 which has severely affected the region and ensured enormous growth in the demand for telehealth and teleradiology. Players in this and adjacent, or even non-related, markets have focused on or collaborated for expanding the services of teleradiology.

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1:45%, Tier 2: 30%, and Tier 3: 25%
By Designation - C-level: 20%, Director-level: 60%,and Others: 20%
By Region - North America: 35%,Europe: 30%, Asia Pacific: 20%,Latin America: 10%,and the Middle East &Africa:5%

Research Coverage:

The report analyzes the teleradiology market and aims at estimating the market size and future growth potential of various market segments, based on products and service, imaging technique, end user, and region. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

Market Penetration: Comprehensive information on the product portfolios of the top players in the teleradiology market. The report analyzes this market by type, indication, end user, and region

Market Development: Comprehensive information on the lucrative emerging markets, by products and services, imaging technique, end user, and region

Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the teleradiology market

Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the teleradiology market

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.2.2 Markets Covered
Figure 1 Teleradiology Market
1.2.3 Years Considered For The Study
1.3 Currency
Table 1 Standard Currency Conversion Rates
1.4 Limitations
1.5 Stakeholders
1.6 Summary Of Changes

2 Research Methodology
2.1 Research Approach
Figure 2 Teleradiology Market: Research Methodology Steps
Figure 3 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 4 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 5 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 6 Market Size Estimation: Revenue Share Analysis
Figure 7 Market Size Estimation: Parent Market
Figure 8 Cagr Projections: Supply-Side Analysis
Figure 9 Top-Down Approach
Figure 10 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Teleradiology Market (2021–2026)
2.3 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Teleradiology Market
2.4 Market Breakdown & Data Triangulation
Figure 11 Market Data Triangulation Methodology
2.5 Assumptions For The Study

3 Executive Summary
Figure 12 Teleradiology Market, By Product & Service, 2021 Vs. 2026 (Usd Million)
Figure 13 Teleradiology Market, By Imaging Technique, 2020 Vs. 2026 (Usd Million)
Figure 14 Teleradiology Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 15 Geographical Snapshot Of The Teleradiology Market

4 Premium Insights
4.1 Teleradiology Market Overview
Figure 16 Shortage Of Skilled Radiologists & The Increasing Adoption Of Cloud-Based Solutions Are Key Factors Driving The Market Growth
4.2 Asia Pacific: Teleradiology Market, By Product & Service And Country (2020)
Figure 17 The Teleradiology Services Segment Accounted For The Largest Share Of The Teleradiology Market In 2020
4.3 Teleradiology Market: Geographic Growth Opportunities
Figure 18 China To Register The Highest Growth Rate During The Forecast Period
4.4 Regional Mix: Teleradiology Market (2021−2026)
Figure 19 North America Will Continue To Dominate The Teleradiology Market During The Forecast Period
4.5 Teleradiology Market: Developing Vs. Developed Markets
Figure 20 Developing Markets To Register Higher Growth Rates During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Teleradiology Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Market Drivers
5.2.1.1 Rising Geriatric Population And The Subsequent Increase In Age-Associated Diseases
Table 2 Age-Related Diseases And Associated Imaging Systems
5.2.1.2 Growing Number Of Advanced Imaging Procedures And A Shortage Of Skilled Radiologists
5.2.1.3 Advancements In Teleradiology Solutions
Table 3 Technological Advancements In Teleradiology Systems
5.2.1.4 Rising Demand For Cloud-Based Solutions
5.2.2 Restraints
5.2.2.1 Limited Access To High-Speed Internet In Rural Areas
5.2.2.2 Declining Reimbursements And Increasing Regulatory Burden In The Us
Table 4 Medicare Reimbursement Trends, By Imaging Modality, 2007–2019
5.2.3 Opportunities
5.2.3.1 Adoption Of Artificial Intelligence (Ai) In Teleradiology
5.2.3.2 Use Of Blockchain In Teleradiology
5.2.3.3 High Growth Opportunities In Emerging Countries
5.2.4 Challenges
5.2.4.1 Data Breach And Cybersecurity Risks
5.3 Industry Trends
5.3.1 Growing Adoption Of Telehealth Solutions
5.3.2 Demand For Subspecialty Services
5.4 Pricing Analysis
Table 5 Pricing Analysis Of Teleradiology Services Per Scan By Imaging Technique In The Us, 2020 (Usd)
Table 6 Pricing Analysis Of Key Imaging Scans, By Region, 2020 (Usd)
5.5 Value Chain Analysis
Figure 22 Value Chain Analysis
5.6 Ecosystem Analysis
5.7 Supply Chain Analysis
Figure 23 Supply Chain Analysis
5.8 Porter’s Five Forces Analysis
Table 7 Teleradiology Market: Porter’s Five Forces Analysis
5.8.1 Bargaining Power Of Buyers
5.8.2 Bargaining Power Of Suppliers
5.8.3 Threat Of New Entrants
5.8.4 Threat Of Substitutes
5.8.5 Intensity Of Competitive Rivalry
5.9 Regulatory Analysis
Table 8 Key Regulations & Standards Governing Teleradiology Solutions
5.10 Impact Of Covid-19 On The Teleradiology Market

6 Teleradiology Market, By Product & Service
6.1 Introduction
Figure 24 Software Segment To Register The Highest Growth During The Forecast Period
Table 9 Teleradiology Market, By Product & Service, 2019–2026 (Usd Million)
6.2 Teleradiology Services
6.2.1 Rising Demand For Emergency & Consulting Services To Drive The Market Growth For This Segment
Table 10 Services Offered By Key Market Players
Table 11 Teleradiology Services Market, By Country, 2019–2026 (Usd Million)
6.3 Software
Table 12 Teleradiology Software Market, By Type, 2019–2026 (Usd Million)
Table 13 Teleradiology Software Market, By Country, 2019–2026 (Usd Million)
6.3.1 Picture Archiving & Communication Systems (Pacs)
6.3.1.1 Frequent Need For Upgrades & Improvements In Software Applications To Drive The Growth Of The Pacs Segment
Table 14 Pacs Software Offered By Key Market Players
Table 15 Pacs Market, By Country, 2019–2026 (Usd Million)
6.3.2 Radiology Information Systems (Ris)
6.3.2.1 Ris Is Often Used With Pacs And Vna
Table 16 Ris Software Offered By Key Market Players
Table 17 Ris Market, By Country, 2019–2026 (Usd Million)
6.4 Hardware
6.4.1 Faster Data Exchange & Better Interoperability Are Factors Driving The Demand For Hardware Devices
Table 18 Teleradiology Hardware Market, By Country, 2019–2026 (Usd Million)

7 Teleradiology Market, By Imaging Technique
7.1 Introduction
Figure 25 Ct Segment Will Continue To Dominate The Teleradiology Market During The Forecast Period
Table 19 Teleradiology Market, By Imaging Technique, 2019–2026 (Usd Million)
7.2 Computed Tomography
7.2.1 Increasing Incidence Of Cvd Is Driving The Demand For Ct Scans
Table 20 Teleradiology Market For Computed Tomography, By Country, 2019–2026 (Usd Million)
7.3 Magnetic Resonance Imaging (Mri)
7.3.1 Increasing Prevalence Of Neurological Disorders To Drive The Market Growth
Table 21 Teleradiology Market For Magnetic Resonance Imaging, By Country, 2019–2026 (Usd Million)
7.4 Ultrasound
7.4.1 Increasing Prevalence Of Target Diseases & The Development Of Poc Ultrasound Systems To Support The Market Growth
Table 22 Teleradiology Market For Ultrasound Imaging, By Country, 2019–2026 (Usd Million)
7.5 X-Ray
7.5.1 High Usage In Primary Diagnosis Has Increased The Demand For X-Ray Imaging Technology
Table 23 Teleradiology Market For X-Ray Imaging, By Country, 2019–2026 (Usd Million)
7.6 Mammography
7.6.1 Increasing Incidence Of Breast Cancer Among Women To Drive The Growth Of This Segment
Table 24 Teleradiology Market For Mammography Imaging, By Country, 2019–2026 (Usd Million)
7.7 Nuclear Imaging
7.7.1 Rising Prevalence Of Cancer To Support The Growth Of This Segment
Table 25 Teleradiology Market For Nuclear Imaging, By Country, 2019–2026 (Usd Million)
7.8 Fluoroscopy
7.8.1 High Radiation Dose ─ A Major Drawback Associated With Fluoroscopy Procedures
Table 26 Teleradiology Market For Fluoroscopy Imaging, By Country, 2019–2026 (Usd Million)

8 Teleradiology Market, By End User

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