Teleradiology Market Reach $7,345 Million By 2023
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Increase in demand of radiological services owing to high prevalence of chronic diseases such as congestive heart failure, orthopedic injuries propel the growth of the teleradiology market. In addition, high government expenditure on healthcare information (HCIT) sector and rise in focus of key players toward bringing innovation to digital diagnostics further fuels the market. However, low availability of broadband networks, and shortage of skilled radiologists restraints the market. Continuous advancements in medical diagnostic technologies provides lucrative opportunities for the growth of the teleradiology market growth during the forecast period.
The report segments the teleradiology market based on imaging techniques, technology, and end user. In terms of imaging techniques, the market is segmented into X-rays, computed tomography (CT), ultrasounds, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, mammography, and others. On the basis of technology, the market is classified into hardware, software, and telecom & networking. The software market is bifurcated into picture archiving and communication system (PACS) and radiology information system (RIS). The telecom & networking market is further divided into web-based and cloud-based teleradiology solutions. Based on end user, the market is categorized into hospitals, ambulatory surgical centers, diagnostic centers, and others.
By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share in the teleradiology market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to the presence of well-established healthcare information technology (HCIT) infrastructure in the region. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the rapidly developing healthcare infrastructure, rise in medical tourism, and high prevalence of diseases.
The key players of the teleradiology market believe in acquisition and expansion to bring innovation to web-based radiological imaging facilities. For instance, in 2015, Mednax, Inc., acquired Virtual Radiologic Corporation (vRad), a telemedicine company. This acquisition was made by Mednax for growth in teleradiology and the broader telemedicine market.
KEY BENEFITS FOR STAKEHOLDERS
• The study provides an in-depth analysis of the global teleradiology market and the current trends and future estimations to elucidate the imminent investment pockets.
• The report presents quantitative analysis of the market from 2016 to 2023 to enable stakeholders to capitalize on the prevailing market opportunities.
• Extensive analysis of the market based on product assists to understand the trends in the industry.
• Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
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KEY MARKET SEGMENTS
By imaging Techniques
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Nuclear imaging
• Picture Archiving and Communication System (PACS)
• Radiology Information System (RIS)
• Telecom & Networking
• Web- Based Tele Radiology Solutions
• Cloud- Based Tele Radiology Solutions
By End User
• Ambulatory Surgical Centers
• Diagnostic Centers
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• North America
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
KEY PLAYERS PROFILED
• Siemens AG
• Teleradiology Solutions (TRS)
• Global Diagnostics Limited.
• Mednax, Inc.
• Onrad, Inc.
• Telediagnostics Services Pvt. Ltd.
• Everlight Radiology
• Agfa-Gevaert Group
• Radisphere National Radiology Group, Inc.
• Fujifilm Medical Systems, Inc.
The other players in the value chain include (profiles not included in the report)
• Cybernet Medical Corporation
• Spectra AB
• Medica Reporting Ltd.
• Teleradiology Solutions, Inc.
• Radiology Reporting Online (RRO)
• NightHawk Radiology, Inc.
• Sectra Imtec AB
• StatRad, LLC.
• Ramasift Inc.
• Alta Vista Teleradiology
Table Of Content
• CHAPTER 1 INTRODUCTION
• CHAPTER 2 EXECUTIVE SUMMARY
• CHAPTER 3 MARKET OVERVIEW
• CHAPTER 4 TELERADIOLOGY MARKET, BY IMAGING TECHNIQUE
• CHAPTER 5 TELERADIOLOGY MARKET, BY TECHNOLOGY
• CHAPTER 6 TELERADIOLOGY MARKET, BY END USER
• CHAPTER 7 TELERADIOLOGY MARKET, BY REGION
• CHAPTER 8 COMPANY PROFILES
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