Global Teleradiology Market By Based on Component (Teleradiology Services, Software), By Based on Imaging Technique (CT, MRI, Ultrasound, X-ray, Mammography), By Application (Tele-Diagnosis, Tele-Consultation, Tele-Monitoring) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Teleradiology Market Overview:

Тhе Teleradiology Market ассоuntеd fоr UЅD 80.01 bіllіоn іn 2021 and estimated САGR оf 13.9% оvеr thе fоrесаѕt реrіоd.

Teleradiology is a branch of telemedicine where a radiologist/doctor can send and receive radiology images from one location to another to provide an emergency diagnosis and/or other required medical services.

This aids in the appropriate and timely interpretation of radiological images in emergency cases, in the event of radiologist shortages or unavailability, or even when a patient needs a second opinion.

This technology benefits smaller imaging centers and medical institutions as it eliminates the need for a radiologist to be present at a given facility around-the-clock. For smaller imaging centers and institutes, this saves on cost and time. This is also favorable for patients, as they do not have to pay higher costs associated with scanning and consultations.

There are several users of teleradiology technology, such as hospitals & clinics, mobile imaging centers, emergency facilities, and private practitioners.

Detailed Segmentation

Based on Component:

• Teleradiology Services
• Software
  •PACS
  •RIS

Based on Imaging Technique:

• CT
• MRI
• Ultrasound
• X-ray
• Mammography
• Nuclear Imaging
• Fluoroscopy

Based on Application:

• Tele-Diagnosis
• Tele-Consultation
• Tele-Monitoring

Based on End Users:

• Hospitals & Clinics
• Radiology Clinics
• Ambulatory Imaging Centers
• Other End Users

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

Drivers for the Global Teleradiology Market:

The increasing adoption of teleradiology technology, primarily in rural areas of developed economies such as the US, the US, France, and Canada, among others, as well as developing nations such as India, China, Brazil, etc., is a significant factor that is anticipated to augment this market’s revenue growth prospects.

Restraints Global Teleradiology Market:

Stringent regulations imposed by respective governing authorities in both developed and developing nations, coupled with poor telecommunication infrastructure in developing economies, are certain factors slated to hinder the financial trajectory of this market in the years to come.

Opportunities for the Global Teleradiology Market:

Technological advancements, new imaging technologies, and AI implementation in radiology are expected to create lucrative revenue growth opportunities for this industry.

Trends for the Global Teleradiology Market:

Several prominent players are now more focused on product upgrades and improving and implementing various security measures. These cybersecurity measures are now being implemented to ensure and secure the health records of registered patients. Trends like these are anticipated to continue augmenting this market’s financial trajectory.

Recent Developments:

•  In June 2020, Phillips Healthcare (Netherlands) entered into a partnership with American Telemedicine Association (ATA) (US). This partnership is aimed to further the adoption of telehealth in the US
•  In March 2020, USARAD Holdings Inc. (US), a teleradiology company backed by Siemens Healthineers, announced the launch of a first-of-its-kind screening program to identify patients with COVID-19
•  In April 2020, Teleradiology Solutions, a teleradiology service and solutions provider, along with the Society of Emergency Radiology and the faculty of AIIMS India, organized a webinar on Imaging COVID-19. This webinar brought together radiologists to share useful COVID-19 information and resources

Competitive Landscape

Key players operating in the global teleradiology market include:

•  Asahi Kasei Corporation
•  Berry Global Incorporated
•  Cardinal Health Inc.
•  Domtar Corporation
•  Freudenberg & Co. KG.
•  Siemens AG
•  Koninklijke Philips N.V.
•  GE Healthcare
•  Fujifilm Medical Systems Inc.
•  Spectra AB
•  Cerner Corporation
•  McKesson Corporation

For the Teleradiology Market research study, the following years have been considered to estimate the market size: