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Global Teleradiology Market: By Component: Services, Software, Hardware; By Imaging Technique: Computed Tomography, Magnetic Resonance Imaging, Ultrasound, X-Ray, Others; By End Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Teleradiology Market Outlook

The global teleradiology market is expected to grow at a CAGR of about 22% in the forecast period of 2021-2026 to reach a value of around USD 21.8 billion by 2026.

 

Growth of the Services Segment to Bolster the Teleradiology Industry Expansion

Based on component, the services segment dominated the teleradiology industry in the historical period. Over the forecast period, the software segment is projected to witness a steady growth owing to the increasing demand for healthcare software, which enhances technical capabilities and increases transparency of data, coupled with the increasing deployment of teleradiology solutions to store data efficiently. Furthermore, the recent outbreak of the COVID-19 has increased the requirement of efficient management solutions to store a large amount of patient data during the pandemic.

 

The Asia Pacific to Substantially Boost the Teleradiology Industry Growth

North America accounts for a significant share in the teleradiology industry owing to the growing R&D activities, increasing penetration of key players, and integration of artificial intelligence (AI) into teleradiology. Meanwhile, the Asia Pacific region is predicted to witness a robust growth in the forecast period owing to the rising awareness of the benefits of teleradiology, large investments in the healthcare industry, and the increasing medical tourism in emerging countries within the region. Additionally, the rising government initiatives to develop advanced healthcare facilities and infrastructure are projected to aid the growth of the teleradiology industry. The emerging nations such as India and China are predicted to increase their market share due to the development of advanced healthcare infrastructure in these countries.

 

Teleradiology: Industry Definition and Segmentation

Teleradiology refers to the branch of telemedicine that involves medical interpretation of images and data is taken to another radiologist at another location for diagnostic and analysis purpose. It provides real time interpretation and effective solutions. It is an advanced technology mostly utilised by hospitals, emergency care centres, and clinics.

Based on component, the market is divided into:

  • Services
  • Software
  • Hardware

Based on imaging technique, it can be segmented into:

  • Computed Tomography
  • Magnetic Resonance Imaging
  • Ultrasound
  • X-Ray
  • Mammography
  • Nuclear Imaging
  • Fluoroscopy
  • Others

By end use, it is categorised as:

  • Hospitals and Clinics
  • Diagnostic Imaging Centres and Laboratories
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Growing Incidences of Chronic Diseases to Bolster the Teleradiology Industry Growth

The growing prevalence of chronic diseases is driving the growth of the teleradiology industry globally. Moreover, the rising target population and the presence of major market players who are investing tremendously have further augmented the industry's growth. Other factors like the growing awareness regarding the advantages of teleradiology, developing healthcare infrastructure, rising initiatives by the government, and growing innovations in the field of eHealth are also aiding the market growth. The rising geriatric population and increase in the prevalence of associated diseases and growing expenditure by the government on healthcare information is further propelling the market growth.

Over the forecast period, the technological advancements in the medical diagnostic field are slated to provide lucrative growth opportunities to the market.

 

Key Industry Players in the Global Teleradiology Market

The report gives a detailed analysis of the following key players in the global teleradiology market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Koninklijke Philips N.V.
  • Mednax Services, Inc.
  • USARAD Holdings, Inc.
  • Teleradiology Solutions
  • Onrad, Inc.
  • TeleDiagnosys Services Pvt Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Teleradiology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Teleradiology Historical Market (2016-2020) 
    8.3    Global Teleradiology Market Forecast (2021-2026)
    8.4    Global Teleradiology Market by Component
        8.4.1    Services
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Hardware
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Teleradiology Market by Imaging Technique
        8.5.1    Computed Tomography
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Magnetic Resonance Imaging
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Ultrasound
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    X-Ray
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Mammography
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
        8.5.6    Nuclear Imaging
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2016-2020)
            8.5.6.3    Forecast Trend (2021-2026)
        8.5.7    Fluoroscopy
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2016-2020)
            8.5.7.3    Forecast Trend (2021-2026)
        8.5.8    Others
    8.6    Global Teleradiology Market by End Use
        8.6.1    Hospitals and Clinics
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Diagnostic Imaging Centres and Laboratories
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Others
    8.7    Global Teleradiology Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Koninklijke Philips N.V.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Mednax Services, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    USARAD Holdings, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Teleradiology Solutions
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Onrad, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    TeleDiagnosys Services Pvt Ltd
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Teleradiology Market: Key Industry Highlights, 2016 and 2026
2.    Global Teleradiology Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Teleradiology Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Teleradiology Historical Market: Breakup by Imaging Technique (USD Billion), 2016-2020
5.    Global Teleradiology Market Forecast: Breakup by Imaging Technique (USD Billion), 2021-2026
6.    Global Teleradiology Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Teleradiology Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Teleradiology Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Teleradiology Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Teleradiology Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Teleradiology Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Teleradiology Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Teleradiology Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Teleradiology Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Teleradiology Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Teleradiology Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Teleradiology Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Teleradiology Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Teleradiology Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Teleradiology Market Structure

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