With the emergence and long-term Impact of COVID-19, Global Teleradiology Market to reach USD 6.44 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Teleradiology Market points towards a potential rise to USD 6.44 billion by 2030. Teleradiology is a branch of telemedicine that involves the transmission of radiological images, such as X-rays, CT scans, and MRIs, from one location to another for the purpose of interpretation and consultation. It allows radiologists or other qualified healthcare professionals to remotely access and review medical images, provide diagnoses, and offer expert opinions to healthcare providers or referring physicians who may be in different places. The Teleradiology market is expanding because of factors such as rising prevelance of osteoarthritis and chronic diseases and rising number of imaging procedures.
Geographically, the global Teleradiology market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players, rising prevelance of chronic diseases, and rising technological advancement and investment activities in the industry. Whereas Asia Pacific is expected to registered a significant growth owing to factors such as rising prevelance of chronic and target diseases, rising healthcare expenditure, rising adoption of information technology in the medical industry and rising government support to the industry in the region.
The global Teleradiology market is highly competitive owing to the presence of several key players such as Virtual Radiologic (vRad) Agfa-Gevaert Group ONRAD, Inc, Everlight Radiology 4ways Healthcare Ltd. RamSoft, Inc. USARAD Holdings, Inc. Koninklijke Philips N.V. Matrix (Teleradiology Division of Radiology Partners) Medica Group PLC, and others.
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Global Teleradiology Market Size study & Forecast, by Product (X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Nuclear Imaging) by Report (Preliminary reports, Final reports), by End Use (Hospitals, Ambulatory Imaging Center, Radiology Clinics) and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Teleradiology Market is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2023-2030.
- In the Product segment, X-ray emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising prevelance of chronic diseases in the region.
- Asia Pacific is expected to grow at higher rate owing to rising healthcare expenditure in the region
Bizwit Research & Consulting has considered following segments for the study:
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Nuclear Imaging
- Preliminary reports
- Final reports
By End Use:
- Ambulatory Imaging Center
- Radiology Clinics
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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