The global Teleradiology Market size was estimated at $2.70 billion in 2017, and is anticipated to hit $10.62 billion by 2025, registering a CAGR of 18.4% from 2018 to 2025.
Drivers, restraints, & opportunities-
Advancements in medical digital technology, rise in prevalence of chronic diseases, development of IT infrastructure, and increase in healthcare expenditure fuel the growth of the teleradiology market. On the other hand, low availability of broadband networks in rural areas and dearth of skilled professionals impede the growth to some extent. However, development of low-power consuming, wireless and portable X-ray technologies is expected to create a number of opportunities in the industry.
Download Sample Report with Detailed COVID-19 Impact Analysis at:
https://www.alliedmarketresearch.com/request-sample/2023
COVID-19 scenario-
- Although the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry, the teleradiology market has not been highly impacted as the demand for proper transmission of radiological images and related data from one location to another for various diagnostic purposes has remained the same.
- However, the changing relationship between China and the rest of the world is expected to influence competition and opportunities in the global market.
The computed tomography segment to dominate by 2025-
Based on imaging technique, the computed tomography segment accounted for around one-fourth of the global teleradiology market share in 2017, and is expected to rule the roost by the end of 2025. Capability of CT scan to shot complex body structures such as lungs, brain, and cardiac cavities drives the growth of the segment. The nuclear imaging segment, on the other hand, would grow at the fastest CAGR of 23.2% throughout the forecast period. This is attributed to technological advancements and increase in diagnostic applications in several diseases, such as cancer & cardiovascular infections.
The software segment to maintain the dominant share-
Based on technology, the software segment contributed to nearly three-fifths of the global teleradiology market revenue in 2017, and is anticipated to lead the trail from 2018 to 2025. This software happens to minimize the wait times that teleradiologists, medical professionals, and physicians experience in the process of retrieving, reviewing and editing patient radiological images which, in turn, has fueled the growth of the segment. Simultaneously, the telecom & networking segment would register the fastest CAGR of 20.4% till 2025. This is due to growing demand for telecom services and increasing deployment of 4G.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/2023
North America garnered the major share in 2017 –
Based on region, North America held the major share in 2017, generating more than two-fifths of the global market. This is attributed to the high awareness about teleradiology and availability of advanced teleradiology software such as PACS, RIS in the province. At the same time, the Asia-Pacific region would portray the fastest CAGR of 22.1% during the study period. Rise in healthcare expenditure along with strong government support for the development of advanced tele-based technologies has boosted the market growth in this region.
Key players in the industry-
- Siemens AG
- Global Diagnostics Limited
- Radisphere National Radiology Group, Inc.
- Fujifilm Medical Systems, Inc.
- Mednax, Inc.
- Koninklijke Philips N.V.
- 4ways Limited
- GE Healthcare
- Agfa-Gevaert Group
- Everlight Radiology
Similar Reports:
Organ-on-Chip Market – Global Opportunity Analysis and Industry Forecast, 2020–2027
U.S. Advanced Wound Care Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
Label Free Detection Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
Electroceuticals Medicine Market – Global Opportunity Analysis and Industry Forecast, 2019–2026
Drug Repurposing Market – Global Opportunity Analysis and Industry Forecast, 2019-2026
Single Cell Analysis Market – Global Opportunity Analysis and Industry Forecast, 2019–2026
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research