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Teleradiology Market 2025 Development Trends

10-16-2017 02:49 PM CET | Health & Medicine

Press release from: Crystal Market Research

The global teleradiology market is expected to be around $10 billion by 2025. This can be primarily attributed to number of factors such as increasing incidence of chronic diseases, growing number of emergency cases, increase in number of diagnostic imaging scans, and implementation of picture archiving and communication system (PACS). In addition to this, ongoing improvements in telecommunication and imaging modalities will further trigger the demand for tele-diagnosis, tele-consultation, and tele-monitoring. Moreover, the instant remote access to the images on the cloud network facilitates radiologists to efficiently diagnose, consult, and monitor the patient at remote locations. However, the lack of data security will hinder the market growth during the forecast period.

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Modality Outlook and Trend Analysis

On the basis of modality, the market is classified into X-ray, magnetic resonance imaging (MRI), computed tomography (CT), ultrasound, and nuclear radiology.

Among these, X-ray segment held major share of the global teleradiology market in 2016. This segment is projected to dominate the market throughout the forecast period. This large market share can be attributed to a number of factors such as the growing number of X-ray scans due to increasing number of bone related fractures and dental injuries. Moreover, development of technologically advanced filmless X-ray systems will further contribute to the market growth.

Computed tomography market is projected to be the fastest growing segment during the forecast period as this is one of the most widely adopted imaging modality due to its high resolution imaging capacity. Additionally, launch of new generation CT models will further drive the growth of the market.

Ultrasound is one of the most popular diagnostic imaging modality. It is the most widely used imaging technique for observing the fetus during pregnancy. It is also used in the detection of other medical ailments in women. The market for ultrasound segment is primarily driven by factors such as development of 3D and 4D ultrasound systems and associated advantages such as the portability, minimal invasive, cost effective and low radiation risk.

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Market Classification

Teleradiology Market, By Modality, Estimates and Forecast, 2016-2025 ($Million)

X-ray
Magnetic Resonance Imaging (MRI)
Computed Tomography (CT)
Ultrasound
Nuclear Radiology

Teleradiology Market, By Region, Estimates and Forecast, 2016-2025 ($Million)

North America

North America Teleradiology Market, By Country
North America Teleradiology Market, By Modality
U.S. Teleradiology Market, By Modality
Canada Teleradiology Market, By Modality
Mexico Teleradiology Market, By Modality

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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