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Report
Teleradiology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 138 Pages I IMARC Group
The global teleradiology market size reached US$ 5.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.5 Billion by 2028, exhibiting a growth rate (CAGR) of 15.3% during 2023-2028. The rising geriatric population, increasing prevalence of medical disorders, and the escalating demand for radiologist procedures represent some of the key factors driving the market.
Teleradiology refers to a type of telemedicine that involves the transmission of radiological images from one location to another for interpretation and diagnosis. It includes computed tomography (CT), magnetic resonance imaging (MRI), X-ray, positron emission tomography (PET), and ultrasound. It allows faster and more accurate diagnosis in emergency situations, which enables healthcare providers to diagnose and treat patients with urgent medical attention. It also helps streamline workflows by allowing radiologists to work remotely and read images from multiple locations, reducing wait times for patients and improving the overall efficiency of the healthcare system. Moreover, it helps reduce costs by eliminating the need for on-site radiologists and minimizing the need for repeat imaging, which is costly and time-consuming. As teleradiology also offers other benefits, such as enhanced consultation, improved staffing, and better rural-area care, it is gaining traction across the globe.
Teleradiology Market Trends:
At present, the increasing prevalence of chronic medical disorders, such as cancer, diabetes, seizures, and cardiovascular disorders, and the growing geriatric population, which faces mobility issues and is more susceptible to these diseases, represent one of the key factors influencing the market positively across the globe. In addition, the escalating demand for numerous radiologist procedures, such as MRI, CT, and X-ray, in various treatments and surgeries is creating a favorable market outlook. Apart from this, the widespread adoption of teleradiology in healthcare information and communication technology (HCIT) for analyzing radiological images cost-effectively is bolstering the market growth. Moreover, the integration of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), with teleradiology to automatically detect complex anomalous patterns in image data and provide an assistive diagnosis for patients is bolstering the market growth. Besides this, governments of various countries are undertaking favorable initiatives to support the development and implementation of teleradiology programs in underserved areas wherein access to radiology services is limited. They are also focusing on the development of infrastructure, high-speed internet access, and secure networks to facilitate the transmission of medical images and data, which is propelling the market growth. Additionally, the increasing investments in research and development (R&D) activities for innovating advanced teleradiology technologies to improve workflow efficiency are contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global teleradiology market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, imaging technique and end user.
Component Insights:
Software and Services
Hardware
The report has provided a detailed breakup and analysis of the teleradiology market based on the component. This includes software and services, and hardware. According to the report, software and services represented the largest segment.
Imaging Technique Insights:
X-rays
Computed Tomography (CT)
Ultrasound
Magnetic Resonance Imaging (MRI)
Nuclear Imaging
Others
A detailed breakup and analysis of the teleradiology market based on the imaging technique has also been provided in the report. This includes X-rays, computed tomography (CT), ultrasound, magnetic resonance imaging (MRI), nuclear imaging, and others. According to the report, X-rays accounted for the largest market share.
End User Insights:
Hospitals and Clinics
Ambulatory Surgical Centers
Diagnostic Centers
Others
A detailed breakup and analysis of the teleradiology market based on the end user has also been provided in the report. This includes hospitals and clinics, ambulatory surgical centers, diagnostic centers, and others. According to the report, hospitals and clinics accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for teleradiology. Some of the factors driving the North America teleradiology market included the geriatric population, technological advancements, high healthcare expenditure, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global teleradiology market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered 4ways Healthcare Limited, Agfa-Gevaert Group, Carestream Health, Cerner Corporation, FUJIFILM Corporation, General Electric Company, Koninklijke Philips N.V., McKesson Corporation, Mednax Services Inc., ONRAD Inc., RamSoft Inc., Siemens AG, Teleradiology Solutions, USARAD Holdings Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
How has the global teleradiology market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global teleradiology market?
What is the impact of each driver, restraint, and opportunity on the global teleradiology market?
What are the key regional markets?
Which countries represent the most attractive teleradiology market?
What is the breakup of the market based on the component?
Which is the most attractive component in the teleradiology market?
What is the breakup of the market based on the imaging technique?
Which is the most attractive imaging technique in the teleradiology market?
What is the breakup of the market based on the end user?
Which is the most attractive end user in the teleradiology market?
What is the competitive structure of the global teleradiology market?
Who are the key players/companies in the global teleradiology market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Teleradiology Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software and Services
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hardware
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Imaging Technique
7.1 X-rays
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Computed Tomography (CT)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Ultrasound
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Magnetic Resonance Imaging (MRI)
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Nuclear Imaging
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals and Clinics
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgical Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Diagnostic Centers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 4ways Healthcare Limited
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Agfa-Gevaert Group
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Carestream Health
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Cerner Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 FUJIFILM Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 General Electric Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Koninklijke Philips N.V.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 McKesson Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Mednax Services Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 ONRAD Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 RamSoft Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Siemens AG
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Teleradiology Solutions
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.14 USARAD Holdings Inc.
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
Figure 1: Global: Teleradiology Market: Major Drivers and Challenges
Figure 2: Global: Teleradiology Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Teleradiology Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Teleradiology Market: Breakup by Component (in %), 2022
Figure 5: Global: Teleradiology Market: Breakup by Imaging Technique (in %), 2022
Figure 6: Global: Teleradiology Market: Breakup by End User (in %), 2022
Figure 7: Global: Teleradiology Market: Breakup by Region (in %), 2022
Figure 8: Global: Teleradiology (Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Teleradiology (Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Teleradiology (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Teleradiology (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Teleradiology (X-rays) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Teleradiology (X-rays) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Teleradiology (Computed Tomography (CT)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Teleradiology (Computed Tomography (CT)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Teleradiology (Ultrasound) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Teleradiology (Ultrasound) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Teleradiology (Magnetic Resonance Imaging (MRI)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Teleradiology (Magnetic Resonance Imaging (MRI)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Teleradiology (Nuclear Imaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Teleradiology (Nuclear Imaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Teleradiology (Other Imaging Techniques) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Teleradiology (Other Imaging Techniques) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Teleradiology (Hospitals and Clinics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Teleradiology (Hospitals and Clinics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Teleradiology (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Teleradiology (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Teleradiology (Diagnostic Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Teleradiology (Diagnostic Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Teleradiology (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Teleradiology (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia-Pacific: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia-Pacific: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Teleradiology Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Teleradiology Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Teleradiology Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Teleradiology Industry: SWOT Analysis
Figure 82: Global: Teleradiology Industry: Value Chain Analysis
Figure 83: Global: Teleradiology Industry: Porter's Five Forces Analysis
Table 1: Global: Teleradiology Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Teleradiology Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Teleradiology Market Forecast: Breakup by Imaging Technique (in Million US$), 2023-2028
Table 4: Global: Teleradiology Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Teleradiology Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Teleradiology Market: Competitive Structure
Table 7: Global: Teleradiology Market: Key Players
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