Teleradiology market is anticipated to grow at a significant CAGR of 14.7% during the forecast period. The key factors contributing to the market growth include, the implementation and integration of Picture Archiving and Communication System (PACS), Artificial Intelligence (AI) into Teleradiology , and increasing R&D activities and investments are factors predicted to propel the demand for Teleradiology services and increase the market growth. For instance, in June 2021, I-MED Radiology Network and Vital Healthcare Group collaborated to provide the broadest range of sub-specialty reporting and are set to deliver expert Teleradiology reporting services to UK clinicians, technologists, and referring hospitals. The key goal of the partnership is to introduce new technology including artificial intelligence tools and the commencement of hours reporting service based in the UK. However, the shortage of skilled radiologists and lack of high-speed and limited access to broadband connections are factors that disrupt the market growth. The key factor which can emerge as an opportunity in the market is the adoption of Artificial intelligence (AI) as it is the most promising breakthrough in the field of Teleradiology .
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The global Teleradiology market is segmented based on products and services, imaging techniques, and end users. On the basis of products & services, the market is segmented into, Teleradiology services, and software. Based on the imaging technique, the market is segmented into X-ray, Ultrasound, MRI, CT, nuclear imaging, mammography, and fluoroscopy. Based on the end users, the market is subdivided into hospitals and clinics, diagnostic imaging centers and laboratories, long-term care centers, nursing homes, assisted living facilities, and others. Among the end-user segment, ambulatory imaging centers (AIC ) are anticipated to register the fastest growth in the market owing to increasing imaging procedure and their demand, shortage of radiologists, and attributed to their cost-effectiveness. Thus, this supported decreasing diagnosis time and that in turn improved the adoption of Teleradiology for various imaging procedures and growing segmental growth in the market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Teleradiology Market by Product & Services
- Teleradiology Services
- Software
- PACS
- RIS
Global Teleradiology Market by Imaging Technique
- X-ray
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Nuclear Imaging
- Mammography
- Fluoroscopy
Global Teleradiology Market by End-User
- Hospitals and Clinics
- Diagnostic Imaging Center and Laboratories
- Long term care centers, nursing homes, assisted living facilities.
- Others (Ambulatory Imaging Centers, and Radiology Clinics)
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 4ways Healthcare Ltd.
- Agfa group
- Cybernet Manufacturing, Inc.
- Everlight Radiology Ltd.
- McKesson Corp
- Medica Group
- Medweb
- Mirada Medical Ltd.
- Novarad
- NucleusHealth
- ONRAD, Inc.
- RamSoft, Inc.
- Real Rads
- Teleradiology Solutions
- Telerad Tech
- WebRad
- USARAD Holdings Inc
- Virtual Radiologic (vRad)
- Vesta Teleradiology
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Teleradiology market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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