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Teleradiology Market

Teleradiology Market Size, Share & Segment By Products and Service Type (Teleradiology Services, Software, PACS, RIS), By Imaging Technique Type (CT, MRI, Ultrasound, X-ray, Mammography, Nuclear Imaging, Fluoroscopy), By End Users Type (Hospitals and Clinics, Diagnostic Imaging Center and Laboratories, Long term care centers, nursing homes, assisted living facilities, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1793 | June 2022 | Region: Global | 125 Pages

Teleradiology Market Overview:

The Teleradiology Market Size was valued at USD 4.68 billion in 2021, and expected to reach USD 11.79 billion by 2028, and grow at a CAGR of 14.1% over the forecast period 2022-2028.

Teleradiology is a medical procedure for taking pictures of the body structure and function, to aid the diagnostic or therapeutic process. It can take medical imaging in one place and help or spread it widely for viewing and interpretation purposes for diagnostic or consultation with a radiologist. Teleradiology is by and large used in telemonitoring, teleconsultation, and tele-examination, engaging radiologists to finish their everyday work effectively. Teleradiology allows efficient local solutions for real-time interpretation and a global network of clouds. Teleradiology greatly helps health care professionals to access patient information no matter how far away, which is why they are improving the availability of diagnostics. Teleradiology Services receives extensive requests from radiologists to use online services to improve patient care and treatment without the need for a physical presence on site.

Teleradiology Market

MARKET DYNAMICS

DRIVERS

  • Imaging Procedures Are Becoming More Common

  • Increased Healthcare Spending and the Development of IT Infrastructure

  • Osteoarthritis and chronic diseases are becoming more common.

RESTRAINTS

  • Telecommunication-Related Safety Concerns

  • Professionals with specialized knowledge are in short supply.

OPPORTUNITIES

  • Artificial intelligence is used in teleradiology.

CHALLENGES

  • Breach of data and cyber-threats

  • Data imaging is insecure due to a lack of security.

IMPACT OF COVID-19

Due to the global outbreak of COVID-19, treatments of all sizes are under tremendous pressure, and health care providers need to rely on teleradiology solutions to diagnose and treat patients' reports. Teleradiology arrangements likewise help to work on the effectiveness of indicative imaging by making and improving on radiology with precise perusing and negligibly intrusive blunders. As the fight against COVID-19 returns, there is a creating need to make teleradiology game plans more typical.

However, the industry is facing staffing, financial, and operational challenges as a number of professional radiologists enter the field of telehealth and teleradiology. In radiology, volumes are altogether lower because of the scratch-off or inversion of chosen techniques. In addition, there are Internet bandwidth issues, especially in rural hospital settings, and people living in rural areas are reluctant to accept teleradiology reports due to data breach problems.

By Products and Service Type:

The teleradiology market is divided into teleradiology, software, and hardware services. Part of the teleradiology services had the largest share. The software component is estimated to grow at a very high CAGR during the forecast period. The growing demand for healthcare software has prompted software companies to improve collaboration, improve technical skills, and increase data visibility. What's more, the flare-up of COVID-19 has prompted a rising requirement for better administration of a bigger number of patient information. Accordingly, various facilities are using teleradiology deals with work on the capability of clinical consideration providers and to chip away at tireless outcomes. In addition, part of the software is also categorized as RIS and PACS

By Imaging Technique Type:

X-ray, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), nuclear imaging, fluoroscopy, and mammography make up the teleradiology business. Part of computed tomography held the biggest market share by 2021. CT scans are employed in a range of fields, including cardiology, cancer, neurology, abdominal and pelvic imaging, and spinal and musculoskeletal imaging. Factors like the developing requirement for proficient and opportune diagnostics, mechanical advances, and digitalization in the field drive the development of the teleradiology market of this section. According to the WHO, more than 100 million CT scans are performed worldwide each year. The need to forestall symptomatic medical procedure and advances in malignant growth conclusion and therapy have expanded the requirement for CT checks notwithstanding other imaging methods.

By End Users Type:

The teleradiology market is divided into hospitals and clinics; imaging centers and laboratories; long-term care centers, nursing homes and assisted living facilities; and other end users. Part of the hospitals and clinics had the largest share in 2019. A large part of this phase can be attributed to the growing number of diagnostic procedures performed in hospitals, the growing tendency for hospitals to automatically translate and digitize patient records, and the growing need to improve patient care. Furthermore, the deficiency of radiologists because of the COVID-19 pestilence and the rising acknowledgment of cutting-edge imaging procedures to further develop medical clinic effectiveness is supposed to help the development of this portion of end clients.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: GE Healthcare, Philips Healthcare, Medica Group Plc., Cerner Corporation., and other players.

MARKET SEGMENTATION:

By Products and Service Type

  • Teleradiology Services

  • Software

  • PACS

  • RIS

By Imaging Technique Type

  • CT

  • MRI

  • Ultrasound

  • X-ray

  • Mammography

  • Nuclear Imaging

  • Fluoroscopy

By End Users Type

  • Hospitals and Clinics

  • Diagnostic Imaging Center and Laboratories

  • Long term care centers, nursing homes, assisted living facilities.

  • Others

Teleradiology Market

REGIONAL ANALYSIS

Teleradiology is partitioned into five locales - North America, Europe, Asia Pacific, Latin America, and the Middle East Africa. These regions are also analyzed at national level. North America holds the biggest offer in the teleradiology market by 2021, trailed by Europe and Asia Pacific. The Asia Pacific market is expected to grow at a very high CAGR during the forecast period. Market growth in the APAC region is driven primarily by growing awareness of the benefits of early diagnosis, development of health care systems, a growing tourism market in APAC nations, expanded medical services costs, and expanded government endeavors to modernize medical services infrastructure.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Teleradiology Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.68 Billion
Market Size by 2028 US$ 11.79 Billion
CAGR CAGR of 14.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Products and Service Type (Teleradiology Services, Software, PACS, RIS)
• By Imaging Technique Type (CT, MRI, Ultrasound, X-ray, Mammography, Nuclear Imaging, Fluoroscopy)
• By End Users Type (Hospitals and Clinics, Diagnostic Imaging Center and Laboratories, Long term care centers, nursing homes, assisted living facilities, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles GE Healthcare, Philips Healthcare, Medica Group Plc., Cerner Corporation., and other players.
DRIVERS • Imaging Procedures Are Becoming More Common
• Increased Healthcare Spending and the Development of IT Infrastructure
• Osteoarthritis and chronic diseases are becoming more common.
RESTRAINTS • Telecommunication-Related Safety Concerns
• Professionals with specialized knowledge are in short supply.


Frequently Asked Questions (FAQ) :

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.

The challenges faced by Teleradiology is Breach of data and cyber-threats.

The by Products and Service Type is divided into four sub segments is Teleradiology Services, Software, PACS, and RIS.

North America holds the biggest offer in the teleradiology market.

Teleradiology Market is expected to reach USD 11.79 billion by 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Teleradiology Market Segmentation, By Products and Service Type

8.1 Teleradiology Services

8.2 Software

8.3 PACS

8.4 RIS

 

9. Teleradiology Market Segmentation, By Imaging Technique Type

9.1 CT

9.2 MRI

9.3 Ultrasound

9.4 X-ray

9.5 Mammography

9.6 Nuclear Imaging

9.7 Fluoroscopy

 

10. Teleradiology Market Segmentation, By End Users Type

10.1 Hospitals and Clinics

10.2 Diagnostic Imaging Center and Laboratories

10.3 Long term care centers, nursing homes, assisted living facilities.

10.4 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 GE Healthcare

           12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Philips Healthcare

12.3 Medica Group Plc.

12.4 Cerner Corporation.

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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Secondary Research

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