Teleradiology Market Key Players, Industry Survey and Future Projections till 2024

Teleradiology Market Key Players, Industry
Survey and Future Projections till 2024
“Teleradiology can be defined as the exercise of a radiologist which interprets (reading) medical descriptions
about those who are not actually there in the place where the descriptions are generated.”
The global Teleradiology Market size is expected to reach USD 8.2 billion by 2024, with a CAGR of over 19.1%.
Teleradiology can be defined as the exercise of a radiologist which interprets (reading) medical descriptions about
those who are not actually there in the place where the descriptions are generated. Portable imaging companies,
hospitals, imperative care facilities and even few personal practices utilize teleradiology services. Teleradiology
services can reduce the patient worries by making it achievable for radiologists to offer their services excepting the
need to be in the same place. In past few years, teleradiology was barely use in emergency, owing to the internet;
this exercise started spreading very fast. Teleradiology makes it easy to remit images as it is to remit emails that have
attachment.
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Computer programs are their which are devoted exclusively to the spread of radiological pictures. All these
development end result in teleradiology service are turning into a noteworthy medical exercise and it carries on rising
over the forecast period. Teleradiology services tend to link the breach between the unwarranted requirement and
supply of diagnostic services and radiologists around the globe. Teleradiology services assist to transmit radiological
images such as MRIs, CTS and MRI from one place to a different place for sharing the descriptive images among other
physicians and radiologist. By utilizing technologies such as, Internet, cloud storage ,wide area network, local area
network (LAN), telephone lines, as well as voice recognition, image compression, and, advanced graphics processing,
teleradiology allows physicians to help their patients from a distant place, in addition ion to which making ‘second
opinions ‘becomes much easier Electronic descriptive image transmission in the digital set-up is done with the
intention to consult or diagnose, and the expansion and innovation in the area of digital imaging technology is
expected to fuel the growth of the global teleradiology market over the forecast period.
Teleradiology generates the highest revenue and is the most mature segment of the industry in the telehealth
technologies industry. Advancement in the field of digital technology has transformed the teleradiology services into

an effectual means to transfer significant data about patients. Furthermore, technological advancement is expected
to propel the growth of the global teleradiology market over the forecasted period. Increasing usage of cellular
phones, personal digital assistants, patient monitoring systems and other wireless devices like mobile health services
are expected to fuel the growth of the global teleradiology market over the forecasted period. Lack of security for
imaging data coupled with the high cost of technology is likely to negatively shape the global teleradiology market
over the forecast period. New developments in the field of global teleradiology such as radiology information systems
(RIS)) and picture archiving and communication systems (PACS) is expected to open new opportunity for the market
over the forecasted period.
Obligation to subordinate the healthcare expenditure has made the healthcare services provider to contract out the
analysis of radiology images to budding and low-cost countries. The simplicity of entry for the new entrant in the
teleradiology services has resulted in an advanced competition in the market, with a greater number of teleradiology
service providers. Aforementioned factor is also expected to drive the growth telerdiology market over the forecast
period. Increasing digitalization is also expected to help and improve the teleradiology market over the forecast
period
On The basis of various imaging modalities the global teleradiology market can be segregated into four major parts
such as, magnetic resonance imaging (MRI), computed tomography (CT), nuclear imaging-ray and ultrasound. The X-
ray section of global teleradiology market has dominated the larger part of teleradiology market in past few years.
Moreover ultrasound imaging is expected to witness more preference over Xray and MRI over the forecasted period
owing to fact as the patient is exposed to lesser amount of radiation. CT scan imaging technology is also increasing
owing to fact as it allows more ability to detect abnormalities in the pancreas, liver and others. Increasing number of
healthcare institution radiologic understanding of CT scans is also increasing. High costs attached and Shortage of
technical skill to MRI and nuclear imaging are some of, the parts that will nurture slowly over the forecast period.
On the basis of region Global teleradiology market can be segregated into four parts that are .Asia Pacific, North
America, Europe and others. In past few years North America has led the global teleradiology market. The foremost
factors accountable for the enlargement of the teleradiology market in North America are rise in expenditure of
healthcare companies, rapid innovation in medical approaches and well equipped hospitals. Asia Pacific is expected
to see a faster growth rate over the forecast period owing to flourishing new companies in the Countries like India.
Teleradiology services provider in India are capable of conquer the shortage of radiology services by providing
imaging services to healthcare institution, when radiologists are not accessible in parts of North America such as US.
Time zone benefit is one more main thing that has been contributing the growth of teleradiology in India and is
expected to drive the growth over the forecast period. The key vendors in Teleradiology market are Teleradiology
Solutions, Sectra AB, Cybernet Systems Corporation, Virtual Radiologic, American Telecare Inc, and StatRad.
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Market Segment:
Teleradiology Product Outlook, by Revenue (USD Million, 2013 - 2024)

• X-ray
• Magnetic Resonance Imaging (MRI)
• Ultrasound
• Computed Tomography (CT)
• Nuclear Imaging
Teleradiology Regional Outlook, by Revenue (USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• MEA
• South Africa
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