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 Insights

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).

The rising prevalence of chronic diseases and increased demand for diagnostic imaging around the world are projected to be key factors promoting the demand for teleradiology. High demand for remote diagnostics and shortage of radiologists around the world are also expected to promote teleradiology market growth over the coming years. Advancements in imaging technologies, growing demand for early diagnosis, and availability of reimbursement for radiology procedures are expected to drive teleradiology market growth over the coming years. Use of mobile and cloud-based medical imaging systems and solutions is also expected to create new opportunities for teleradiology providers across the study period and beyond. Developed countries with established internet infrastructure will lead the demand for teleradiology on a global level. On the contrary, limited access to internet in rural areas, regulatory challenges, and high initial setup costs are projected to slow down the adoption of teleradiology around the world. 

US Teleradiology Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Global Teleradiology Market size was valued at USD 8.30 billion in 2022 and is poised to grow from USD 9.58 billion in 2023 to USD 30.13 billion by 2031, growing at a CAGR of 15.40% during the forecast period (2024-2031).

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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