Report ID: SQSG35A2038 | Region: Global | Published Date: November, 2022 | Pages: 157
Global Surgical Blade Market
Global Teleradiology Market Size, Share, Growth Analysis, By Imaging Technique(X-Ray, Computed Tomography), By Components(Services, Products), By End-User(Diagnostic Centers, Hospitals) - Industry Forecast 2022-2028
Report ID: SQSG35A2078 | Region: Global | Published Date: November, 2022 | Pages: 157
Global Teleradiology Market Insights
Global Teleradiology Market was valued at USD 7.31 billion in 2021 and it is expected to reach a value of USD 19.68 billion by 2028, at a CAGR of 15.2% over the forecast period (2022-2028).
The continuously growing prevalence of several chronic diseases, introduction to advanced technologies in diagnoses, and growing demand for teleradiology for second opinions and emergencies as well are the major factors projected to drive the growth of global teleradiology market over the forecast period. Furthermore, growing need for advanced imaging procedures especially in developed economies including United States and Germany is also anticipated to have positive impact on the global market in the coming years.
In addition, various government initiatives and legislative amendments by government bodies globally for the growth of diagnostic imagine services and healthcare infrastructure coupled with the rising spending on healthcare in developed countries are likely to propel the growth of the global teleradiology market during the forecast period. For instance, according to US Centers for Medicare & Medicare Services, the average spending on healthcare in the United States was nearly USD 12,530 per person or USD 4.1 trillion overall in the year 2020. Similarly, according to the American College of Cardiology, about 130 million people in the United States are estimated to have some cardiovascular disease by 2035. This is expected to drive the growth and demand for telecardiology in the coming years.
To get more reports on the above market click here to Buy The Report
Global Teleradiology Market Segmental Analysis
Global teleradiology market is segmented on the basis of imaging technique, component, end-user, and region. By imaging technique, the market is segmented into x-ray, computed tomography, ultrasound, and others. By component, the market is categorized into services and products. By end-user, the market is classified into diagnostic centers, hospitals, clinics, and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Components
By components, the services segment dominated the market with a holding of significant market share in 2021. High usage of interpretation of medical images and continuously growing adoption of advanced services worldwide are the major factors driving the segment growth. Furthermore, increasing need for healthcare facilities at low costs and the rising demand for well-trained radiologists in the several remote locations globally, is also likely to be key reasons for the growth of the segment during the forecast period. For instance, according to the World Health Organization, over 100 million CT scans have been performed every year around the world.
Analysis by End-User
By end-user, the hospitals segment held the largest market share and accounted for a healthy growth rate in 2021 and is expected to maintain its dominance over the forecast period owing to the continuously rising numbers of equipment installed in hospitals coupled with the growing number of patients admitting every year. Furthermore, increased consumer disposable income and availability of advanced technology in many developed and developing nations is also driving the growth of the segment.
To get detailed analysis on other segments, Request For Sample Report
Global Teleradiology Market Regional Insights
Globally, North America dominated the teleradiology market with a holding od significant market share in 2021 owing to the early adoption of advanced technologies, rising number of chronic and medical emergencies, and rising healthcare spending among consumers in the region. Moreover, the high concentration of key players along with the increasing numbers of product launches and several strategic alliances for the expansion of market demand and consolidate their market position are further expected to boost the growth and demand for teleradiology in the region. For instance, in December 2021, Mckesson Corporation, United States, launched its new Straus Imaging PACS, a cloud-native, and zero footprint picture archiving system.
Furthermore, Asia Pacific region is anticipated to witness fastest CAGR during the forecast period. Growing awareness regarding benefits of early diagnosis of disease, rapid industrialization, and continuously improving healthcare infrastructure are the major factors projected to drive the growth of the market in the region during the forecast period. In addition, growing number of favourable government initiatives for the development and rising investment in healthcare sectors mainly in developing nations such as India and China are also likely to be a driving factor propelling market growth in the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Teleradiology Market Dynamics
Drivers
- The major factors expected to drive the global teleradiology market during the forecast period are an increase in the number of medical imaging procedures and an increase in the prevalence of chronic disorders globally. Furthermore, increased global adoption of various treatment plans for the prevention of various types of illness, which frequently use imaging procedures for the management and diagnosis of disorders, is expected to be another major driver of global market growth in the coming years.
Restraint
- Incomplete and insufficient integration of patient health history along with the rising data security concerns around the globe are the major factors expected to restrain the global teleradiology market throughout the forecast period. Due to the rising prevalence of various diseases such as lung cancer, breast cancer, and others, the demand for medical imaging is rapidly growing, which requires patient integration of patient history and issues in data security is hampering the demand for teleradiology.
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Global Teleradiology Market Competitive Landscape
The global teleradiology market is fairly fragmented due to the presence of many well-known international and regional players operating around the globe. The major key players of the market are focusing on several business strategies including new product innovation, technological advancements, collaboration, and strategic partnerships for expanding their geographical presence and product portfolio.
Top Player’s Company Profiles
- Agfa-Gavaert Group
- Ram Soft Inc.
- Nanox Imaging Ltd.
- Medica Group PLC
- USARAD Holdings Inc.
- Virtual Radiologic
- Koninklijke Philips N.V.
- 4ways Healthcare Ltd.
- Teleradiology Solutions
- GE Healthcare
Recent Developments
- In April 2022, Teleradiology Solutions, a leading player in advanced radiology solutions has announced the agreement with Andhra Med Tech Zone for the launching of a hub in the zone with the dedication to provide remote radiology image in both government and private sector by various expert radiologist with the help of artificial intelligence.
- In January 2021, Vesta Technology announced their new acquisition of Momentum Healthcare Staffing for bring new and improved onsite and remote coverage of well-qualified and trained physicians to medical facilities.
Global Teleradiology Key Market Trends
- Increasing usage of advanced and latest radiology technologies in rural areas across the globe is anticipated to augment the global market growth in the coming years. The rising adoption of teleradiology systems in rural areas due to an extensive rise in the awareness of benefits and accessibility of these advanced systems in that areas is creating lucrative growth opportunities and propelling the global demand for teleradiology services.
Global Teleradiology Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global teleradiology market is witnessing a significant growth during the forecast period owing to increased consumer disposable income, high prevalence of various chronic diseases, and improved and developed healthcare infrastructure in countries like United States, Canada, France, and Japan. Moreover, increasing accessibility of these advanced imaging procedures in low and medium-sized economies is likely to fuel the demand for teleradiology in the coming years. However, lack of standard reporting format and difficulty in maintaining quality are the few major challenges for the global market, which is likely to hamper the growth for teleradiology market over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 7.31 billion |
| Market size value in 2028 | USD 19.68 billion |
| Growth Rate | 15.2% |
| Base year | 2021 |
| Forecast period | 2022-2028 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Teleradiology Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Teleradiology Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Teleradiology Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Teleradiology Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Teleradiology Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Teleradiology Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
SPEAK TO AN ANALYSTSubscribe & Save
Get lifetime access to our reports
Basic Plan $5,000 Team Plan $10,000 SUBSCRIBE NOW
USA (+1) 617-230-0741
