Teleradiology Market Projected to Surpass USD 26.5 Billion by 2031- Global Analysis by Transparency Market Research

The global 𝐭𝐞𝐥𝐞𝐫𝐚𝐝𝐢𝐨𝐥𝐨𝐠𝐲 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 8.2 billion in 2021, is poised for substantial growth, with projections indicating a robust CAGR of 12.1% from 2022 to 2031. By the end of 2031, the market is anticipated to surpass US$ 26.5 billion.

Analysts attribute this growth to the escalating prevalence of chronic diseases and an aging population worldwide. The scarcity of radiologists globally and continuous technological advancements in teleradiology are further fueling market expansion. Teleradiology's ability to deliver precise diagnoses for procedures like CT scans and MRI is enhancing its adoption. Nonetheless, challenges such as interoperability issues between different Picture Archival and Communication Systems (PACS) and limited integration with Radiology Information Systems (RIS) may impede market progress. Major industry players are heavily investing in innovative teleradiology products like vision teleradiology and transmission imaging to diversify revenue streams and stay competitive.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1132&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐭𝐨 𝐀𝐮𝐠𝐦𝐞𝐧𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐞𝐥𝐞𝐫𝐚𝐝𝐢𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The backbone of the teleradiology market lies in the robust healthcare informatics systems facilitating swift image transfer and interpretation. While current radiology information systems (RIS) and PACS systems are insufficient for teleradiology operations, there's a pressing need for integrating RIS-PACS with a cohesive teleradiology workflow. Advancements in digital image processing technologies play a pivotal role in enabling seamless image distribution across various levels, fostering global acceptance of teleradiology practices.

The surge in mobile technology, particularly through mHealth platforms, has significantly propelled the teleradiology market. Mobile applications on devices like iPads, iPhones, and smartphones empower physicians and clinicians, especially in emergency scenarios, by facilitating efficient interpretation of radiologic images, thus reducing treatment time and enhancing patient outcomes. This surge in mHealth technology adoption is driving growth in the global teleradiology market.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

4ways Healthcare Limited, Africa Telerad Limited, CARPL.AI, Inc., Everlight Radiology, Medica Group plc, Mednax Services, Inc., ONRAD, Inc., Qure.ai, Real Radiology, LLC, Specialty Teleradiology, Inc., StatRad (NucleusHealth), TeleConsult Europe (TCE), Telemedicine Clinic (UNILABS), Teleradiology Solutions, and USARAD Holdings, Inc.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Type of Service

General Reporting
Consultation
Auditing
Others

Modality

X-ray
Ultrasound
Computer Tomography (CT)
Magnetic Resonance Imaging (MRI)
Nuclear Imaging
Others

Coverage

Daytime Coverage
After-hours/Nighttime Coverage
Specialty
Cardiology
Neurology
Oncology
Musculoskeletal
Gastroenterology
Others

End-user

Hospitals
Diagnostic Imaging Centers
Ambulatory Surgical Centers
Clinics
Others

𝐆𝐞𝐭 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭, 𝐈𝐧𝐬𝐭𝐚𝐧𝐭𝐥𝐲:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1132<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In July 2022, Unilabs partnered with Qure.ai. to deploy the latter's AI solution to aid in the classification of chest X-rays into normal and abnormal exams. The solution would initially be implemented and piloted in Unilabs TMC's Elective UK Service arm to help increase the capacity and optimize radiology workflow.
In March 2022, Teleradiology Solutions bagged a five-year contract worth US$ 12.5 Mn from Hamad Medical Corporation (HMC), a public healthcare provider in the State of Qatar, to provide radiology reporting

In February 2021, Medica Group plc announced the launch of a joint venture, MedX, with Integral Diagnostics Limited. The JV gives Integral Diagnostics access to Medica's market-leading teleradiology expertise and clinical governance framework for application in Australia and New Zealand. MedX is likely to provide teleradiology reporting services and increased reporting capacity in Australia, New Zealand, the U.K., and Ireland.

In November 2020, Medica Group plc acquired Global Diagnostics Ireland, the leading player in the teleradiology services market in Ireland, thereby expanding its geographic reach, customer base, and service offerings

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

North America accounted for the largest share of more than 40% of the global market in 2021. The market in the region is projected to advance at a CAGR of 11.6% from 2022 to 2031. 

Europe held the second largest share of the global teleradiology market in 2021. Developed healthcare infrastructure and rise in adoption of teleradiology services are driving the market in the region. Asia Pacific was the fastest growing market in 2021. The market in the region is expected to advance at a CAGR of 13.8% during the forecast period.

The market in Asia Pacific is relatively untapped compared to that in developed regions. Thus, the region offers significant opportunities to market players. High prevalence of chronic diseases requiring imaging services, rise in geriatric population, and surge in patient population are fueling the teleradiology market in the region.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

With ongoing technological innovation and increasing adoption of teleradiology solutions, the future appears promising. Market players must focus on enhancing interoperability, ensuring data privacy, and fostering collaboration to capitalize on emerging opportunities.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐄𝐕 𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐊𝐢𝐨𝐬𝐤 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/18/2672116/0/en/EV-Charging-Kiosk-Market-to-Reach-US-588-2-Billion-by-2031-Rising-at-a-CAGR-of-31-7-TMR-Report.html

𝐅𝐮𝐞𝐥 𝐂𝐞𝐥𝐥 𝐔𝐀𝐕 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/18/2672090/0/en/Fuel-Cell-UAV-Market-to-Rise-at-Over-13-3-CAGR-from-2023-to-2031-Reaching-a-Valuation-of-US-4-8-billion-TMR-Report.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com    
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube

This release was published on openPR.