The Teleradiology Services Market is anticipated to be worth about US$31,880.57 million in 2022. With a 19% CAGR growth estimate through 2032, it is predicted that the market for teleradiology services would reach US$ 5,598.3 million by that year.
By the end of 2016, the global market for teleradiology services is anticipated to be worth US$ 1,971.4 million, growing at a CAGR of 21.0% from 2016 to 2026. The favourable government measures surrounding the adoption of teleradiology in order to give early disease diagnosis might be blamed for the expansion of this market.
Additionally, the use of contemporary technology like the adoption of cloud-based, blockchain, and cryptocurrency technologies will result in more efficient and affordable solutions. The industry is experiencing increased demand as a result of rising investments in the creation of cutting-edge technologies.
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To provide a clearer picture of the competitive environment, the study includes a thorough SWOT analysis as well as Porter’s Five Forces analysis. It also includes information on the organic and inorganic business strategies used by the leading firms in the Teleradiology Services market to give the reader a complete picture of the commercial environment. To assist readers take advantage of new growth prospects and maximise returns on investments, it also covers all pertinent market-related issues.
Key Highlights From The Report:
- The Hospitals & clinics segment dominated the market with a share of 54.6% in 2019 due to the growing adoption of teleradiology services by the hospitals & Clinics. Due to the pandemic, there is a shortage of radiologists, which have led to the increasing adoption of diagnostic imaging procedures in order to maintain workflow and increase efficiency.
- The software segment is expected to experience the highest CAGR over the forecast period due to the growing demand for healthcare software to increase data transparency and improve patient outcomes.
- Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing initiatives of the government to modernize the healthcare infrastructure and growing investments on the R & D for the production of advanced solutions.
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- Key participants include Philips Healthcare, Teleradiology Solutions, USRAD Holdings, Inc., Everlight Radiology, MEDNAX, Inc., ONRAD, Inc., AGFA Healthcare, RAMSOFT, Inc., Telediagnostic Solutions PVT. LTD. and CARESTREAM HEALTH, Inc., among others.
Market segmentation:
By Process Type:
- Certified Reporting Services Process
- Preliminary Reporting
By Service Type:
- Emergency Nighthawk
- Day Time Coverage
- Subspecialty Reading
- Cardiac imaging
- Neuroradiology
- Nuclear scans
- Musculoskeletal studies
- Second Opinion
- Clinical Trails
By Modality:
- X-Ray Scans
- Computerised Tomograph (CT) Scans
- MRI Scans
- Ultrasound Scans
- Nuclear Scans
- Cardiac Echo
- Mammography
- Electromammography
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By End User:
- Hospital Pharmacies
- Clinics
- Ambulatory Surgical Centres
- Radiology Centres
By Region:
- US
- OUS (International)
- Latin America
- EU5
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- Rest of the World
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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