Global Teleradiology Market Size study & Forecast, by Product (X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Nuclear Imaging) by Report (Preliminary reports, Final reports), by End Use (Hospitals, Ambulatory Imaging Center, Radiology Clinics) and Regional Analysis, 2023-2030
Global Teleradiology Market is valued at approximately USD 2.44 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2023-2030. Teleradiology is a branch of telemedicine that involves the transmission of radiological images, such as X-rays, CT scans, and MRIs, from one location to another for the purpose of interpretation and consultation. It allows radiologists or other qualified healthcare professionals to remotely access and review medical images, provide diagnoses, and offer expert opinions to healthcare providers or referring physicians who may be in different places. The Teleradiology market is expanding because of factors such as rising prevelance of osteoarthritis and chronic diseases and rising number of imaging procedures.
Rising prevelance of osteoarthritis and chronic diseases across the globe is driving the market. growth. Osteoarthritis and various chronic diseases often require diagnostic imaging, such as X-rays, CT scans, and MRIs, to assess the extent of the condition, monitor progression, and guide treatment decisions. The growing prevalence of these diseases leads to an increased demand for imaging services, which can be supported by teleradiology to meet the diagnostic needs efficiently. According to Centers for Disease Control and Prevention, in year 2020, there were around 63 million people in US diagnosed with arthritis which is expected to reach at 78 million by year 2045. Furthermore, the International Agency for Research on Cancer (IARC), The estimated increase in the worldwide burden of cancer is to 27.5 million new cases by 2040 from 1.9 million new cases in year 2021. Thus rising prevelance of chronic disease is favouring the market growth. In addition, development of advanced technology in integration of artificial intelligence into teleradiology and rise in healthcare expenditure is creating a lucrative opportunity to the market growth. However, lack of skilled professionals, security concerns associated with teleradiology stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Teleradiology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, rising prevelance of chronic diseases, and rising technological advancement and investment activities in the industry. Whereas Asia Pacific is expected to registered a significant growth owing to factors such as rising prevelance of chronic and target diseases, rising healthcare expenditure, rising adoption of information technology in the medical industry and rising government support to the industry in the region.
Major market player included in this report are:
Virtual Radiologic (vRad)
Agfa-Gevaert Group
ONRAD, Inc.
Everlight Radiology
4ways Healthcare Ltd.
RamSoft, Inc.
USARAD Holdings, Inc.
Koninklijke Philips N.V.
Matrix (Teleradiology Division of Radiology Partners)
Medica Group PLC
Recent Developments in the Market:
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
X-ray
Ultrasound
Magnetic Resonance Imaging (MRI)
Computed Tomography (CT)
Nuclear Imaging
By Reports:
Preliminary reports
Final reports
By End Use:
Hospitals
Ambulatory Imaging Center
Radiology Clinics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Rising prevelance of osteoarthritis and chronic diseases across the globe is driving the market. growth. Osteoarthritis and various chronic diseases often require diagnostic imaging, such as X-rays, CT scans, and MRIs, to assess the extent of the condition, monitor progression, and guide treatment decisions. The growing prevalence of these diseases leads to an increased demand for imaging services, which can be supported by teleradiology to meet the diagnostic needs efficiently. According to Centers for Disease Control and Prevention, in year 2020, there were around 63 million people in US diagnosed with arthritis which is expected to reach at 78 million by year 2045. Furthermore, the International Agency for Research on Cancer (IARC), The estimated increase in the worldwide burden of cancer is to 27.5 million new cases by 2040 from 1.9 million new cases in year 2021. Thus rising prevelance of chronic disease is favouring the market growth. In addition, development of advanced technology in integration of artificial intelligence into teleradiology and rise in healthcare expenditure is creating a lucrative opportunity to the market growth. However, lack of skilled professionals, security concerns associated with teleradiology stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Teleradiology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of key market players, rising prevelance of chronic diseases, and rising technological advancement and investment activities in the industry. Whereas Asia Pacific is expected to registered a significant growth owing to factors such as rising prevelance of chronic and target diseases, rising healthcare expenditure, rising adoption of information technology in the medical industry and rising government support to the industry in the region.
Major market player included in this report are:
Virtual Radiologic (vRad)
Agfa-Gevaert Group
ONRAD, Inc.
Everlight Radiology
4ways Healthcare Ltd.
RamSoft, Inc.
USARAD Holdings, Inc.
Koninklijke Philips N.V.
Matrix (Teleradiology Division of Radiology Partners)
Medica Group PLC
Recent Developments in the Market:
- In April 2022, Teleradiology Solutions (TRS) stated that it had signed a contract with Andhra Med Tech Zone (AMTZ) to establish a hub in the area for the provision of remote radiology image reads targeted at the public and government sectors by qualified radiologists assisted by cutting-edge artificial intelligence solutions.
- In November 2021, Agfa Healthcare unveiled a real remote diagnostic imaging workflow. This allows radiologists to access images as well as produce, interpret, work together on, and make high-quality choices involving them, wherever they may be.
- Historical Data – 2020 - 2021
- Base Year for Estimation – 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Product, Report, End Use, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
X-ray
Ultrasound
Magnetic Resonance Imaging (MRI)
Computed Tomography (CT)
Nuclear Imaging
By Reports:
Preliminary reports
Final reports
By End Use:
Hospitals
Ambulatory Imaging Center
Radiology Clinics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Teleradiology Market, by Region, 2020-2030 (USD Billion)
1.2.2. Teleradiology Market, by Product, 2020-2030 (USD Billion)
1.2.3. Teleradiology Market, by Report, 2020-2030 (USD Billion)
1.2.4. Teleradiology Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL TELERADIOLOGY MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL TELERADIOLOGY MARKET DYNAMICS
3.1. Teleradiology Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising prevelance of osteoarthritis and chronic diseases
3.1.1.2. Rising number of imaging procedures
3.1.2. Market Challenges
3.1.2.1. Lack of skilled professionals
3.1.2.2. Security concerns associated with teleradiology
3.1.3. Market Opportunities
3.1.3.1. Development of advanced technology in integration of artificial intelligence into teleradiology
3.1.3.2. Rise in healthcare expenditure
CHAPTER 4. GLOBAL TELERADIOLOGY MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL TELERADIOLOGY MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Teleradiology Market by Product, Performance - Potential Analysis
5.3. Global Teleradiology Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Teleradiology Market, Sub Segment Analysis
5.4.1. X-ray
5.4.2. Ultrasound
5.4.3. Magnetic Resonance Imaging (MRI)
5.4.4. Computed Tomography (CT)
5.4.5. Nuclear Imaging
CHAPTER 6. GLOBAL TELERADIOLOGY MARKET, BY REPORT
6.1. Market Snapshot
6.2. Global Teleradiology Market by Report, Performance - Potential Analysis
6.3. Global Teleradiology Market Estimates & Forecasts by Report 2020-2030 (USD Billion)
6.4. Teleradiology Market, Sub Segment Analysis
6.4.1. Preliminary reports
6.4.2. Final reports
CHAPTER 7. GLOBAL TELERADIOLOGY MARKET, BY END USE
7.1. Market Snapshot
7.2. Global Teleradiology Market by End Use, Performance - Potential Analysis
7.3. Global Teleradiology Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Teleradiology Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Imaging Center
7.4.3. Radiology Clinics
CHAPTER 8. GLOBAL TELERADIOLOGY MARKET, REGIONAL ANALYSIS
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Teleradiology Market, Regional Market Snapshot
8.4. North America Teleradiology Market
8.4.1. U.S. Teleradiology Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. Report breakdown estimates & forecasts, 2020-2030
8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Teleradiology Market
8.5. Europe Teleradiology Market Snapshot
8.5.1. U.K. Teleradiology Market
8.5.2. Germany Teleradiology Market
8.5.3. France Teleradiology Market
8.5.4. Spain Teleradiology Market
8.5.5. Italy Teleradiology Market
8.5.6. Rest of Europe Teleradiology Market
8.6. Asia-Pacific Teleradiology Market Snapshot
8.6.1. China Teleradiology Market
8.6.2. India Teleradiology Market
8.6.3. Japan Teleradiology Market
8.6.4. Australia Teleradiology Market
8.6.5. South Korea Teleradiology Market
8.6.6. Rest of Asia Pacific Teleradiology Market
8.7. Latin America Teleradiology Market Snapshot
8.7.1. Brazil Teleradiology Market
8.7.2. Mexico Teleradiology Market
8.8. Middle East & Africa Teleradiology Market
8.8.1. Saudi Arabia Teleradiology Market
8.8.2. South Africa Teleradiology Market
8.8.3. Rest of Middle East & Africa Teleradiology Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Company
9.1.2. Company
9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Virtual Radiologic (vRad)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Agfa-Gevaert Group
9.3.3. ONRAD, Inc.
9.3.4. Everlight Radiology
9.3.5. 4ways Healthcare Ltd.
9.3.6. RamSoft, Inc.
9.3.7. USARAD Holdings, Inc.
9.3.8. Koninklijke Philips N.V.
9.3.9. Matrix (Teleradiology Division of Radiology Partners)
9.3.10. Medica Group PLC
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Teleradiology Market, by Region, 2020-2030 (USD Billion)
1.2.2. Teleradiology Market, by Product, 2020-2030 (USD Billion)
1.2.3. Teleradiology Market, by Report, 2020-2030 (USD Billion)
1.2.4. Teleradiology Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
CHAPTER 2. GLOBAL TELERADIOLOGY MARKET DEFINITION AND SCOPE
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
CHAPTER 3. GLOBAL TELERADIOLOGY MARKET DYNAMICS
3.1. Teleradiology Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising prevelance of osteoarthritis and chronic diseases
3.1.1.2. Rising number of imaging procedures
3.1.2. Market Challenges
3.1.2.1. Lack of skilled professionals
3.1.2.2. Security concerns associated with teleradiology
3.1.3. Market Opportunities
3.1.3.1. Development of advanced technology in integration of artificial intelligence into teleradiology
3.1.3.2. Rise in healthcare expenditure
CHAPTER 4. GLOBAL TELERADIOLOGY MARKET INDUSTRY ANALYSIS
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
CHAPTER 5. GLOBAL TELERADIOLOGY MARKET, BY PRODUCT
5.1. Market Snapshot
5.2. Global Teleradiology Market by Product, Performance - Potential Analysis
5.3. Global Teleradiology Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Teleradiology Market, Sub Segment Analysis
5.4.1. X-ray
5.4.2. Ultrasound
5.4.3. Magnetic Resonance Imaging (MRI)
5.4.4. Computed Tomography (CT)
5.4.5. Nuclear Imaging
CHAPTER 6. GLOBAL TELERADIOLOGY MARKET, BY REPORT
6.1. Market Snapshot
6.2. Global Teleradiology Market by Report, Performance - Potential Analysis
6.3. Global Teleradiology Market Estimates & Forecasts by Report 2020-2030 (USD Billion)
6.4. Teleradiology Market, Sub Segment Analysis
6.4.1. Preliminary reports
6.4.2. Final reports
CHAPTER 7. GLOBAL TELERADIOLOGY MARKET, BY END USE
7.1. Market Snapshot
7.2. Global Teleradiology Market by End Use, Performance - Potential Analysis
7.3. Global Teleradiology Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
7.4. Teleradiology Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Imaging Center
7.4.3. Radiology Clinics
CHAPTER 8. GLOBAL TELERADIOLOGY MARKET, REGIONAL ANALYSIS
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Teleradiology Market, Regional Market Snapshot
8.4. North America Teleradiology Market
8.4.1. U.S. Teleradiology Market
8.4.1.1. Product breakdown estimates & forecasts, 2020-2030
8.4.1.2. Report breakdown estimates & forecasts, 2020-2030
8.4.1.3. End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Teleradiology Market
8.5. Europe Teleradiology Market Snapshot
8.5.1. U.K. Teleradiology Market
8.5.2. Germany Teleradiology Market
8.5.3. France Teleradiology Market
8.5.4. Spain Teleradiology Market
8.5.5. Italy Teleradiology Market
8.5.6. Rest of Europe Teleradiology Market
8.6. Asia-Pacific Teleradiology Market Snapshot
8.6.1. China Teleradiology Market
8.6.2. India Teleradiology Market
8.6.3. Japan Teleradiology Market
8.6.4. Australia Teleradiology Market
8.6.5. South Korea Teleradiology Market
8.6.6. Rest of Asia Pacific Teleradiology Market
8.7. Latin America Teleradiology Market Snapshot
8.7.1. Brazil Teleradiology Market
8.7.2. Mexico Teleradiology Market
8.8. Middle East & Africa Teleradiology Market
8.8.1. Saudi Arabia Teleradiology Market
8.8.2. South Africa Teleradiology Market
8.8.3. Rest of Middle East & Africa Teleradiology Market
CHAPTER 9. COMPETITIVE INTELLIGENCE
9.1. Key Company SWOT Analysis
9.1.1. Company
9.1.2. Company
9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Virtual Radiologic (vRad)
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. Agfa-Gevaert Group
9.3.3. ONRAD, Inc.
9.3.4. Everlight Radiology
9.3.5. 4ways Healthcare Ltd.
9.3.6. RamSoft, Inc.
9.3.7. USARAD Holdings, Inc.
9.3.8. Koninklijke Philips N.V.
9.3.9. Matrix (Teleradiology Division of Radiology Partners)
9.3.10. Medica Group PLC
CHAPTER 10. RESEARCH PROCESS
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
