Top 6 Companies Transforming the Global Teleradiology Market, Fuelled by the Growing Prevalence of Chronic Issues

Koninklijke Philips N.V., Pediatrix Medical Gro up, Inc., USARAD Holdings, Inc., Teleradiology Solutions, Onrad, Inc., and TeleDiagnosys Services Pvt Ltd, among others, are the major players in the global teleradiology market.

The global teleradiology market is expected to grow at a CAGR of about 22% in the forecast period of 2023-2028. As per the analysis of Expert Market Research, the market is expected to be driven by the increasing applications of teleradiology in the healthcare industry.

The increasing prevalence of health-issue issues and the growing demand for diagnostic services are bolstering the adoption of teleradiology services among radiologists to establish an efficient workflow. With the growing cases of cancer across the globe, the deployment of teleradiology to enable more precise cancer diagnostics and timely prescription is likely to grow.

Various healthcare centres and hospitals are increasingly outsourcing radiology services, which is driving the demand for teleradiology solutions owing to their wide services, cost benefits, and quick turnaround time. Moreover, technological advancements and innovations, such as the introduction of cloud storage, are enhancing the accessibility of radiology images at a reduced cost. The integration of AI in teleradiology solutions is expected to significantly bolster the accuracy of radiology reports in the coming years.

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Top 6 Teleradiology Companies in the World:

Koninklijke Philips N.V.

Koninklijke Philips N.V. is one of the leading medical technology companies in the world. The company aims to leverage innovative technologies to improve the lives of people across the globe. By 2030, the company intends to improve 2.5 billion lives per year by preventing diseases and helping people to lead healthier lives. With 57,000 patent rights, it invested EUR 1.8 billion in R&D activities and attained net sales of EUR 17.2 billion in 2021.

Pediatrix Medical Group, Inc.

Pediatrix Medical Group, Inc. is a physician-led healthcare organisation, based in the United States, that partners with hospitals, health systems and healthcare facilities to offer women and children care. The company aims to use quality initiatives, robust data, research, and clinical tools to optimise the performance and care of the quality of women’s and children’s healthcare. With more than 4700 affiliated physicians, the company offers its services across 38 states in America and Puerto Rico.

USARAD Holdings, Inc.

USARAD Holdings, Inc. is a subspecialty teleradiology and radiology company. The company aims to provide economic, timely, accurate, and advanced teleradiology services to outpatient patient settings and hospitals. With a footprint across 15 countries, the company has more than 300 imaging facilities, over 300 radiologists, and more than 580 physicians across its specialities.
 

Teleradiology Solutions

Teleradiology Solutions provide teleradiology services such as ultrasound, MRI, and X-Ray to more than 150 hospitals in 25 countries across the globe. With over 5 million patient scans, the company is the first outsider enterprise to be accredited by the Ministry of Health, Singapore. In March 2022, the company announced that it won an INR 100 crore 5-year partnership to offer radiology reporting to Hamad Medical Corporation, Qatar.

Onrad, Inc.

Onrad, Inc. is a company that offers radiology services, including peer review, onsite diagnostic, and teleradiology, among others. The company strives to deliver quality and personal services to its partners. It actively collaborates with government facilities, radiology groups, imaging centres, and hospitals, among others. With 105 consumer facilities, the company has served 5.2 million patients and read 2.03 billion images.

TeleDiagnosys Services Pvt Ltd

TeleDiagnosys is a company that provides offsite teleradiology services. The company actively partners with individual radiologists, hospitals, and diagnostic centres, for reading diagnostic imaging studies. The company’s radiologists are insured and certified from various countries like the United Kingdom, Canada, India, Australia, the United States, and Singapore. Some of the services offered by the company include CT scans, MRI scans, and nuclear medicine scans, among others.