Tele-Radiology Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Agfa-Gevaert Group, Tele-Radiology Solutions, Koninklijke Philips N.V., Everlight Radiology Limited

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The Business Research Company presents an extensive market research report on the Tele-Radiology Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The tele-radiology market size has grown rapidly in recent years. It will grow from $20 billion in 2023 to $23.7 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period can be attributed to quality improvement initiatives, digitalization of medical imaging, healthcare infrastructure development, geographical disparities in healthcare, regulatory changes and standards..

The tele-radiology market size is expected to see rapid growth in the next few years. It will grow to $49.02 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to enhanced security measures, focus on patient-centric care, continue shortage of radiologists, rise in virtual consultations, globalization of healthcare services.. Major trends in the forecast period include evolving patient expectations, regulatory framework adaptation, rise in diagnostic imaging studies, integration of artificial intelligence..

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Key Market Players:

Major companies operating in the tele-radiology market report are Agfa-Gevaert Group, Tele-Radiology Solutions, Koninklijke Philips N.V., Everlight Radiology Limited, GE Healthcare Company, ONRAD Inc., RamSoft Inc., USARAD Holdings, Mednax Inc., Medica Reporting Ltd., Cerner Corporation, MedWeb LLC, WebRad Tele-radiology Services Inc., Nautilus Medical Inc., SRL Limited, Vital Radiology Services Private Limited, Telemedicine Clinic S.L., HealthWatch TeleDiagnostics Pvt. Ltd., Envision Healthcare Corporation, Global Diagnostics Australia Pty. Ltd., Radiology Reporting Online Limited, Imaging Advantage LLC, Siemens Healthineers AG, Fujifilm Holdings Corporation, Virtual Radiologic Corporation, McKesson Corporation, NightHawk Radiology Services LLC, Teleradiology Solutions Pvt. Ltd., Aris Radiology, International Teleradiology Corp.

Market Drivers:

Increased demand for radiological services due to the rising prevalence of chronic conditions including congestive heart failure and orthopedic injuries is driving the tele-radiology industry forward. An increase in the elderly population and the incidence of geriatric diseases are certainly one of the reasons behind the growth of radiological services. These factors will also lead to the growth of teleradiology services. For instance, in 2021, according to the World Health Organization, non-communicable diseases (NCDs), also known as chronic diseases, kill 41 million people each year, accounting for 71% of all deaths worldwide. More than 15 million people aged between 30 and 69 die every year from an NCD, with 85% of these "premature"""" deaths occurring in low- and middle-income countries. The most common chronic disease is cardiovascular disease, which kills 17.9 million people each year, followed by cancer (9.3 million), respiratory disorders (4.1 million), and diabetes (1.5 million). Therefore, an increase in chronic diseases globally is driving the teleradiology market forward.

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The tele-radiology market covered in this report is segmented -

1) By Imaging Technique: CT, MRI, X-Ray, Ultrasound, Nuclear imaging
2) By Component Type: Hardware, Software
3) By End User type: Hospitals, Diagnostic Centers, Other End Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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