Teleradiology Market Booming as Demand for Remote Diagnostics Increases

Global Teleradiology Market is expected to grow at a significant CAGR of 15.3% over the forecast period as the scope and its applications are rising enormously across the globe.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8937290&utm_source=Openpr&utm_medium=paid&utm_campaign=referral

Teleradiology is a subdivision of telemedicine that deals with the transmission of medical diagnostic images, such as x-rays, CTs, and MRIs between distant locations for the purposes of sharing information and consultations. Teleradiology is implemented for providing medical services to remote areas with limited access to radiological services, for transferring images and reports to a subspecialist for review, and for providing services after hours.

The factors that are playing a major role in the growth of teleradiology market are rising aging population, increasing prevalence of chronic diseases, rising demand for cost effective diagnostic services, changing healthcare system, and increasing demand for telemedicine. However, lack of reimbursement and stringent regulatory policies are the factors that may restrain overall market growth in the years to come.

Teleradiology market is segmented based on product type, application, end user, and regional analysis. Diagnostic imaging, image guided surgery, and nuclear imaging are the product types that could be explored in teleradiology in the forecast period

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=8937290&utm_source=Openpr&utm_medium=paid&utm_campaign=referral

Based on product and services, the teleradiology market is segmented into teleradiology services, software and hardware. In 2020, the teleradiology services segment accounted for the largest share of the teleradiology market. The large share of this segment is attributed to factors such as the growing demand for faster and exact diagnosis, shortage of skilled radiologists. The COVID-19 outbreak has significantly increased the demand for teleradiology services. The market for software segment is expected to grow at the highest rate.

Based on imaging techniques, the teleradiology market is segmented into X-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, and mammography. In 2020, the computed tomography segment accounted for the largest market share. The large share of this segment can be attributed to the growing need for effective and early diagnosis and technological advancements. This segment is also expected to show the highest growth in the market, followed by ultrasound.

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.

Geographical Growth Scenario:

The global teleradiology market is segmented into five major regions-North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America accounted for the largest share of this market. The large share of North America region is mainly 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 the region.

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period, due to growing awareness about the benefits of early disease diagnosis, improvements in healthcare systems, growing medical tourism market in APAC countries, increasing healthcare expenditure, and increasing government initiatives for modernizing the healthcare infrastructure.

Key Players:

Some of the prominent players in this market are Cerner Corporation (US), Phillips Healthcare (Netherlands), Siemens Healthineers (Germany), McKesson Corporation (US), FUJIFILM Holdings Corporation (Japan), Agfa HealthCare (Belgium), Medica Group Plc. (UK), ONRAD, Inc. (US), RamSoft Inc. (Canada), NovaRad Corporation (US), TeleDiagnostic Solutions Pvt. Ltd. (India), 4ways Healthcare (UK), Teleradiology Solutions (India), TeleRad Tech (India), StatRad LLC (US), MedWeb LLC (US), WebRad TeleRadiology (India), Nautilus Medical (US), GE Healthcare (US), USARAD Holdings, Inc. (US), Everlight Radiology (Australia), and Mirada Medical (US).

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=8937290&utm_source=Openpr&utm_medium=paid&utm_campaign=referral

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.