A report by ARC estimated that the teleradiology market will surpass $4.1 billion by 2026, representing an average annual growth rate of 19.4 percent from 2019 to 2026.
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Teleradiology is advanced technology use for transmission of radiological images and related data from one location to another for diagnostic and consulting purpose. High demand for radiology services in countries such as the U.S., Singapore, and the UK, owing to presence of skilled and specialized professionals specific to teleradiology. Rise in number of surgery owing to rise in number of chronic disease is major factor for the growth of market. Low availability of broadband networks and shortage of skilled radiologists restrain the market growth.
The major driving factor for the teleradiology market are increasing prevalence of the various orthopedic diseases and rising geriatric population. Introduction of hospital-centric business model is supporting the long-term partnerships, and rise in demand for advanced diagnostics equipments for the different chronic diseases have affected the growth of the teleradiology market positively. Now-a-days, people believe in services and for that they are willing to pay a good amount of money. These services manage the equipment and helps in maintaining its efficiency. This has minimized the work of technician and save the lot of time. Increasing spending power of the people and rising continuous development in the technology have supported the growth of the teleradiology market during the forecast period of 2019—2026.
The global teleradiology market segmented into imaging techniques, technology and end user. On the basis of imaging techniques, the market is segmented into x-rays, computed tomography (CT), nuclear imaging. Based on technology, the global teleradiology market is segmented into hardware, software. Based in end user, the market is segmented into hospitals, diagnostic centers.
Geographically, the global Teleradiology market is segmented into North America, Europe, Asia Pacific, Latin America and The Middle East & Africa (LAMEA).
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North America is expected to hold major market for teleradiology market in the coming year. In developing region such as U.S. presence of multispecialty hospital is increasing demand of teleradiology market. Government fund for increasing healthcare system is also support the growth of market. High spending power, well developed medical sector, and increasing prevalence of various chronic diseases will support the growth of the teleradiology market. Additionally, increasing geriatric population coupled with continuous development in the services has driven the growth of the market teleradiology in America
Europe is expected to hold major market for teleradiology market in the coming year. Rising need for transmission of radiological images using a range of digital technologies supported by telecommunication in medical emergencies is boosting the growth of teleradiology market in this region. Presence of huge investment, huge number of players, and continuously increasing demand for the radiology devices will boost the growth of the teleradiology market.
Asia Pacific is expected to fasted growing market for teleradiology market. Rising demand for advanced and innovative health care products and rapidly expanding healthcare infrastructure is major factor for the growth of market. Furthermore, government initiatives for development of health care infrastructure are major factors for the growth of teleradiology market. Rapidly developing healthcare sector, increasing spending power of the people, and continuous development in the technology and services will support the growth of the Asia Pacific teleradiology market.
LAMEA is expected to sluggish growth for teleradiology market. Increasing health care infrastructure is rising demand of more advanced healthcare technological products will drive the LAMEA teleradiology market. Middle East holds the major share in the teleradiology market owing to the presence of the huge number of players in this region, continually increasing demand for the teleradiology devices and software’s, and high spending on healthcare. Africa region hold the lease share in the teleradiology market, but possess a huge opportunity.
Some of the key players in the global teleradiology include Healthcare Ltd.; HealthWatch TeleDiagnostics Pvt. Ltd.; RamSoft, Inc.; Everlight Radiology; Virtual Radiologic; Agfa-Gevaert N.V.; ONARD; Teleradiology Solutions; and Global Diagnostics.
Market Segment Analysis:
Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of the global teleradiology market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of the global teleradiology market.
Market By Techniques
- Computed Tomography (CT)
- Nuclear Imaging
Market By Technology
Market By End User
- Diagnostic Centers
Market Regional Analysis:
Based on the regions, the global teleradiology market is segmented into -North America (US and Canada), Europe (UK, Germany, France, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), Latin America (Mexico, Brazil and Rest of Latin America), Middle East & Africa (GCC, South Africa and Rest of MEA)
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
– What is the overall structure of the market?
– What was the historical value and what is the forecasted value of the market?
– What are the key product level trends in the market?
– What are the market level trends in the market?
– Which of the market players are leading and what are their key differential strategies to retain their stronghold?
– Which are the most lucrative regions in the market space?
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