Global Teleradiology Market

Teleradiology Market Size, Share, Growth Analysis, By Product & Service (Teleradiology Services, Software [Picture Archiving & Communication Systems (PACS), Radiology Information Systems (RIS)], Hardware), By Imaging Technique (Computed Tomography, Magnetic Resonance Imaging (MRI)), By End User (Hospitals And Clinics, Diagnostic Imaging Centers and Laboratories, Long-term Care Centers, Nursing Homes), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35A2511 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 91 | Figures: 77

Teleradiology Market Dynamics

Teleradiology Market Drivers

Teleradiology Market Shortage of Radiologists 

  • As demand for diagnostic imaging increases around the world, there is a lack of adequate amount of skilled radiologists. Teleradiology can help address this issue by providing remote diagnostics and access to skilled radiologists without having to go through the arduous process of finding skilled radiologists thereby driving market development. 

Advancements in Imaging Technologies 

  • Imaging technologies are advancing rapidly owing to high investments in medical imaging R&D around the world. These advancements are opening up more possibilities for teleradiology providers in the future.  

Teleradiology Market Restraints

High Initial Costs 

  • A strong digital internet-enabled infrastructure is required for the efficient functioning of teleradiology. While this is easily accessible in developed countries, it requires substantial investment to set up in underdeveloped and developing countries. These high costs could slow down the adoption of teleradiology going forward.

Regulatory Concerns 

  • Teleradiology companies have to comply with a multitude of regulatory norms and mandates to function efficiently. However, these rules and regulations vary from country to country thereby making it difficult to develop standardized solutions and even incur additional costs for teleradiology companies to stay compliant in the long run. This is also expected to slow down teleradiology demand in the future. 
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FAQs

Teleradiology Market size was valued at USD 9.58 Billion in 2023 and is poised to grow from USD 11.06 Billion in 2024 to USD 34.77 Billion by 2032, growing at a CAGR of 15.40% during the forecast period (2025-2032).

Providing teleradiology services in developing countries will be a major trend for all market players in the long run. Bridging the gap of shortage of radiologists will also be a key opportunity for teleradiology companies to explore. Teleradiology providers can also take advantage of supportive government initiatives and awareness programs to promote the demand for teleradiology around the world.  'GE Healthcare (US) ', 'Medica Group PLC. (UK) ', 'Cerner Corporation (US) ', 'McKesson Corporation (US) ', 'Agfa Healthcare (Belgium) ', 'Siemens Healthineers (Germany) ', 'Fujifilm Holdings Corporation (Japan) ', '4Ways Healthcare (UK) ', 'Teleradiology Solutions (India) ', 'ONRAD (US) ', 'RamSoft, Inc. (Canada) ', 'Novarad Corporation (US) ', 'TeleDiagnostic Solutions Pvt. Ltd. (India) ', 'StatRad LLC (US) ', 'Medweb LLC (US) ', 'Nautilus Medical (US) ', 'Mirada Medical (UK) ', 'Telerad Tech (India) ', 'USARAD Holdings, Inc. (US) ', 'Koninklijke Philips N.V. (Netherlands) ', 'InHealth Group Ltd. (UK)'

As demand for diagnostic imaging increases around the world, there is a lack of adequate amount of skilled radiologists. Teleradiology can help address this issue by providing remote diagnostics and access to skilled radiologists without having to go through the arduous process of finding skilled radiologists thereby driving market development. 

Teleradiology companies can focus on integration of artificial intelligence with their offerings to promote automation and also improve the efficacy of the service. Use of artificial intelligence will also help in managing the increasing number of diagnostic imaging procedures being performed around the world.

North America is forecasted to account for a dominant the global teleradiology market share. Rapidly increasing demand for better diagnostic imaging, presence of a developed healthcare infrastructure, and presence of key teleradiology providers are helping this region maintain a dominant market share. The United States is slated to spearhead the demand for teleradiology in the North American region owing to surge in prevalence of chronic diseases. Rising use of telehealth and remote care practices in this region are also projected to bolster market growth potential over the coming years.  

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Global Teleradiology Market

Report ID: SQMIG35A2511

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