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With 19.20% CAGR, Tele-Radiology Market Size Expected to Worth USD 15.21 billion by 2029

08-19-2022 08:59 AM CET | Health & Medicine

Press release from: Data Bridge Market Research

/ PR Agency: DBMR
Tele-Radiology Market report makes available market data on the vendor landscape and a corresponding detailed analysis of the major vendors who are active in the market. This report comprises of a comprehensive evaluation of the market's growth prospects and restrictions. Market research analysis data covered in this report lend a hand to businesses for mapping strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. In the world class Tele-Radiology Market report, market drivers, market restraints, opportunities, and challenges are also evaluated under market overview which provides useful insights to businesses for taking right steps.

According to GLOBOCAN, approximately 19.3 million new cases of cancer were reported worldwide in 2020, with this figure expected to rise to 30.2 million new cases by 2040. According to the World Health Organization factsheet, cancer is responsible for one out of every six deaths worldwide. Furthermore, approximately 70% of cancer deaths occur in low- and middle-income countries. The rising prevalence of chronic diseases, such as cancer, is driving up the diagnostic imaging procedure rate. As a result, the increasing number of imaging procedures may increase demand for dependable and efficient teleradiology solutions, resulting in rapid market growth..

Data Bridge Market Research analyses that the tele-radiology market is expected to reach the value of USD 15.21 billion by the year 2029, at a CAGR of 19.20% during the forecast period. The increased adoption of cloud-based solutions is propelling the tele radiology market forward.

Get Download Exclusive Sample PDF Copy of the Report to understand the structure of the complete report (Including TOC & Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-teleradiology-market

Teleradiology is a subset of telemedicine that entails the transmission of radiological images and related data from one location to another for consulting and diagnostic purposes. It is a cutting-edge technology that arose as a result of a mismatch between the demand for and availability of diagnostic services.

Tele-radiology Market Dynamics
Drivers
• The rise in the elderly population
The increase in the elderly population and the subsequent rise in the incidence of related diseases are expected to be major factors driving the growth of the teleradiology market during the forecast period.
The benefits arrived from the teleradiology
The benefits of teleradiology, as well as a shortage of skilled radiologists, are expected to drive the growth of the teleradiology market
• Government investments for healthcare interoperability
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the tele-radiology market.

Restraints/Challenges
Repayments and the growing regulatory burden are expected to dampen the growth of the teleradiology market. On the other hand, the rising cost of technology is expected to stifle the growth of the teleradiology market over the forecast period.

This tele-radiology market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the tele-radiology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Tele-radiology Market
The COVID-19 pandemic is still transforming the growth of various markets; the outbreak's immediate impact is diverse. While a few industries saw a drop in demand, many other markets may be unaffected and show promising growth opportunities. Teleradiology systems are widely used in the COVID-19 pandemic situation to share study observations and detail information gathered during COVID-19 patient treatment. This has aided in avoiding the exchange of hard copies of imaging results as well as in-person contacts. Furthermore, several international radiology teleradiology alliances are expected to accelerate clinical trials and studies on preventive measures.

.Recent Development
• Nines announced the 510(k) FDA clearance for NinesMeasure, an innovative lung nodule measurement tool that aids in the diagnosis of certain respiratory diseases, in March 2021.
• Teleradiology announced the acquisition of Momentum Healthcare Staffing in January 2021, with the goal of providing medical facilities with onsite and remote coverage of well-qualified physicians.

Download Detailed TOC for Additional Details @ https://www.databridgemarketresearch.com/toc/?dbmr=global-teleradiology-market

Global Tele-radiology Market Scope
The tele-radiology market is segmented on the basis type of product, application, category and end-use.. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product
• X-ray
• Compound tomography
• Ultrasound
• Nuclear imaging
• Magnetic resonance imaging
On the basis of the type of product, the teleradiology market is segmented into x-ray, compound tomography, ultrasound, nuclear imaging, and magnetic resonance imaging.

Category
• Hardware
• Software
On the basis of category, the teleradiology market is segmented into hardware and software.

Application
• Tele diagnosis
• Teleconsultation
• Tele monitoring
On the basis of application, the teleradiology market is segmented into tele diagnosis, teleconsultation, and tele monitoring.

End User
• hospitals
• radiology clinics
• ambulatory imaging centres
• others
On the basis of end-use, the tele radiology market is segmented into hospitals, radiology clinics, ambulatory imaging centres, and others.
Tele-radiology Market Regional Analysis/Insights
The tele-radiology market is analysed and market size insights and trends are provided by country, product type, techniques, application and end-user as referenced above.

The countries covered in the tele-radiology market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the teleradiology market due to the rise in chronic disease incidences. Furthermore, the presence of major key players will drive the region's teleradiology market growth during the forecast period. Because of the increase in untapped healthcare demands, Asia-Pacific is expected to see significant growth in the teleradiology market. Furthermore, the region's expanding healthcare infrastructure is expected to drive the growth of the teleradiology market in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Get Access Full Report: https://www.databridgemarketresearch.com/reports/global-teleradiology-market

Healthcare Infrastructure growth Installed base and New Technology Penetration
The tele-radiology market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for tele-radiology market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the tele-radiology market. The data is available for historic period 2010-2020.

Competitive Landscape and Tele-radiology Market Share Analysis

The tele-radiology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tele-radiology market.

Some of the major players operating in the tele-radiology market are
• Philips Healthcare (Netherlands)
• Cerner Corporation (US)
• Siemens Healthineers (Germany)
• McKesson Corporation (US)
• FUJIFILM Holdings Corporation (Japan)
• Medica Group Plc. (UK)
• Agfa Healthcare (Belgium)
• Mirada Medical (US)
• ONRAD Inc. (US)
• RamSoft Inc. (Canada)
• NovaRad Corporation (US)
• TeleDiagnostic Solutions Pvt. Ltd. (India)
• Teleradiology Solutions (India)
• Telerad Tech (India)
• StatRad LLC (US)
• MedWeb LLC (US)
• WebRad TeleRadiology (India)
• Nautilus Medical (US)
• 4ways Healthcare (UK)
• USARAD Holdings, Inc. (US)
• GE Healthcare (US).

Table of Contents:
1. Global Teleradiology Market Overview
2. Economic Impact on Industry
3. Competition by Manufacturers
4. Production, Revenue (Value) by Region
5. Supply (Production), Consumption, Export, Import by Regions
6. Production, Revenue (Value), Price Trend by Type
7. Market by Application
8. Manufacturing Cost Analysis
9. Industrial Chain, Sourcing Strategy and Downstream Buyers
10. Marketing Strategy Analysis, Distributors/Traders
11. Market Effect Factors Analysis
12. Market Forecast
13. Appendix

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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About Data Bridge Market Research
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market.
Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. We ponder into the heterogeneous markets in accord with our clients' needs and scoop out the best possible solutions and detailed information about the market trends. Data Bridge delve into the markets across Asia, North America, South America, Africa to name few. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude.
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