Product ID: SQMIG35A2511
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 2024-2031
Report ID:
SQMIG35A2511 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
91 |
Figures:
77
Global Teleradiology Market Insights
Teleradiology Market size was valued at USD 7.3 billion in 2019 and is poised to grow from USD 8.42 billion in 2023 to USD 30.31 billion by 2031, growing at a CAGR of 15.3% in the forecast period (2024-2031).
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 imaging 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 2031. This is expected to drive the growth and demand for telecardiology in the coming years.
US Teleradiology Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Teleradiology Market Report Snapshots
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