Absolute Markets Insights (AMI) reports a robust forecast for the teleradiology market during the 2021-2030 period. In its newly released report, AMI anticipates the market will grow at 14.1% as an increase in the elderly population which is leading to an increase in the incidence of related diseases around the world. AMI reports that the market stood at a valuation of US$ 3947.43 Mn in 2020. Computed Tomography Segment is expected to Register Highest Growth Rate over the Forecast Period.

According to Absolute Market Insights’ report, the computed tomography segment is anticipated to grow at the highest rate over the period of next eight years. The increasing need for effective and timely diagnosis, and digitalization in this field is driving the growth of the teleradiology market for this segment. According to the World Health Organization, more than 100 million CT scans are performed each year around the world. CT scans have become more popular than other imaging techniques as a result of the need to avoid exploratory surgeries and advances in cancer diagnosis

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The World Health Organization (WHO) has also identified telemedicine as an important step in strengthening the health-care system's response to COVID-19. The WHO also recommended telemedicine as an alternative model for improving clinical performance and guiding decisions in the context of optimizing service delivery. Teleradiology, one of the forms of telemedicine, has gained widespread acceptance as a way for diagnostic radiologists to interpret images and read films while on call. Moreover, the increasing prevalence of chronic diseases such as cancer is driving the diagnostic imaging process. As a result, the demand for teleradiology solutions is expected to accelerate in the coming years.

The solutions and services offerings are estimated to retain their largest market share in the global teleradiology market over the forecast period. Diagnostic centers and hospitals are rapidly investing towards digitisation of their infrastructure, thereby contributing towards the segment’s growth in the global market. The rise in demand is also attributed to the high prevalence of chronic diseases such as congestive heart failure and orthopaedic injuries amongst other disease indications.

According to the Radiological Society of North America (RSNA), radiology exams using advanced modalities increased by 43 percent in 2020. Teleradiology market participants are actively contributing to the development of new and advanced technologies. For instance, Philips Healthcare debuted its Radiology Operations Command Centre at RSNA 2020. The centre allows employees to remotely access the control rooms of any CT or MRI scanner in their facility. It allows a radiation therapy (RT) from anywhere in the enterprise to enter any of the healthcare systems' CT control rooms in seconds and access the room using cameras.

Some of the key players in the global teleradiology market are Agfa-Gevaert Group, Cerner Corporation, Koninklijke Philips N.V., McKesson Corporation, MedWeb LLC, Novarad Corporation, ONRAD, Inc., Siradix Pvt Ltd, TeleDiagnostic Solutions Pvt. Ltd., Universal MedNet, and USARAD.COM, amongst other market participants

Global Teleradiology Market:

By Offering:
Hardware
Solutions
Picture Archiving and Communication System (PACS)
Radiology Information System (RIS)
Services
Implementation Services
Training & Education Services
Support Services
Others

By Imaging Technologies:
Computed Tomography
Positron Emission Tomography (PET)
Mammography
Magnetic Resonance Imaging (MRI)
Ultrasound
X-Ray
Others

By Organization Size:
Large Organizations
Small and Medium Organizations

By End Users:
Hospitals
Diagnostics Centers
Radiology Groups
Urgent Care Centers
Others

By Region:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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