Global Teleradiology Market Analysis

0
22

According to a recent analysis by Reports and Data, the global Teleradiology Market was valued at USD 7,824.0 million in 2020 and is expected to reach USD 40.82 billion by 2028, at a compound annual growth rate (CAGR) of 22.7%.

Teleradiology refers to the transfer of radiological patient images from one location to another for diagnosis or consultation with other radiologists and physicians. This market involves the technology that transmits radiography images from remote locations to healthcare establishments in urban areas through software that utilizes the internet, digital image processing methods, and various wireless technologies.

Get a free sample PDF of the report, visit @

https://www.reportsanddata.com/download-free-sample/2273

Several factors are driving the growth of the teleradiology market, including the increasing number of imaging tests, rising research and development (R&D) activities related to eHealth, and the growing implementation of picture archiving and communication systems. The market is also being driven by the increasing incidence of long-term diseases such as breast cancer, osteomyelitis, and cellulitis, and the growing number of emergency cases in less developed areas. However, the sector faces challenges due to the low availability of broadband networks and a shortage of skilled radiologists, which are restricting its expansion.

To succeed in this competitive market, teleradiology companies are expanding their focus from outsourced preliminary teleradiology to acquiring existing hospital radiology contracts. For instance, Radisphere, a company in this space, sponsored a webinar titled 'How to Run a Successful RFP Process', which included templates of the documents required to displace a radiology group.

Despite such aggressive behavior, the success of teleradiology companies is not guaranteed. Virtual Radiologic (vRad), a major national teleradiology firm, recently announced that it would cut the pay of its contracted radiologists. Other teleradiology companies have had to rebrand or retrench due to uncertain market forces. One such example is the 2010 acquisition of NightHawk Radiology Inc by vRad, which merged the two largest publicly traded teleradiology companies into one large private equity-controlled group.

To know more about the latest insights of the report, visit @

https://www.reportsanddata.com/request-latest-insight/2273

The North American region currently holds the largest revenue share of nearly 40% of the market, owing to a developed infrastructure, increasing demand for efficient radiology solutions, an increase in government expenditure on healthcare information, and supportive government initiatives. However, the market is also growing in other regions due to increasing demand for innovative digital diagnostics solutions and rising healthcare expenditure.

The teleradiology market is segmented based on technique, end-use, and region. X-rays are the leading technique sub-segment of the global teleradiology market with a large market share of 41.1%, as it has broad applications in various healthcare domains such as orthopedics, cardiovascular diagnostics, chest imaging, cancer screening, and dental imaging. Diagnostic centers are expected to have high CAGR during the forecast period.

Some of the key market players in this space include Siemens AG, Teleradiology Solutions (TRS), Global Diagnostics Limited., Mednax, Inc., Onrad, Inc., Telediagnostics Services Pvt. Ltd., Everlight Radiology, Agfa-Gevaert Group, Radisphere National Radiology Group, Inc., and Fujifilm Medical Systems, Inc.

To identify the key trends in the industry, Reports and Data has provided a link below to its detailed report on the teleradiology market. The report is useful for businesses and investors seeking to understand the dynamics of this rapidly evolving market.

Request a customized copy of the report @

https://www.reportsanddata.com/request-customization-form/2273

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.  

About Reports and Data 

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Search
Categories
Read More
Health
Healthcare Middleware Market Latest Report on the Current Trends and Future Opportunities to 2029
Accurate information and innovative corporate analysis are provided in the Healthcare...
By Snehal Matre 2023-07-13 05:18:35 0 27
Other
Digital Warranty Activation Management
Digital Warranty Activation Management System(DWAM) is the one stop solution for one-stop...
By Deshi Shree 2023-01-25 12:39:32 0 53
Health
How Can Erectile Dysfunction In Men Be Prevented Naturally?
Erectile Dysfunction, a male sexual disorder, is treatable by medicine. However, there is no...
By Julie Rosa 2023-04-18 10:38:25 0 42
Games
Arcane Mage Bis Tips For WoW
Having spent a large portion of my time as an arcane mage in the past few years, I have a few...
By Counech Counech 2022-11-30 09:51:43 0 35
Other
Jadwal Timnas U22 Indonesia Vs Lebanon, PSSI Rilis Harga Tiket
LIGA INDONESIA   Pertandingan yang ditunggu-tunggu antara Timnas U22 Indonesia dan Lebanon...
By Berita Hits 2023-04-15 13:09:36 0 18