Teleradiology Services Market to Reach USD 32.34 Billion by 2027 by Size, Share, Growth and Key Players Analysis

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The scarcity of radiologists and growing government initiatives regarding the adoption of teleradiology services are driving the market demand.

Teleradiology Services Market Size – USD 5.92 Billion in 2019, Market Growth – CAGR of 23.7%, Market Trends – Growing Use of Advanced Technologies »

— Emerging research

VANCOUVER, BC, CANADA, Aug. 22, 2022 /EINPresswire.com/ — According to recent analysis by Emergen Research, the global market for teleradiology services is expected to reach $32.34 billion by 2027. Favorable government measures surrounding the adoption of teleradiology to allow early detection of diseases could be responsible for the expansion of this market. Moreover, the use of contemporary technologies such as the adoption of cloud-based, blockchain and cryptocurrency technologies will result in more efficient and affordable solutions. The industry is experiencing increased demand due to increased investment in creating advanced technologies.

Despite the disruption in the supply chain and the availability of raw materials, the pandemic has increased the demand for the product in the healthcare sector. Health professionals are under great pressure due to the epidemic, so they turn to teleradiology services for help in reading reports and diagnosing patients. Additionally, the technology helps increase the productivity of imaging instruments and minimize human error. The use of telehealth and teleradiology has grown due to the pandemic. A barrier could be the lack of internet capacity in rural areas and the low level of confidence of rural residents in teleradiology services.

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The Teleradiology Services research report also includes an in-depth study of key industry players along with their business overview, strategic planning, and business expansion plans adopted by them. It helps readers and business owners formulate strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, agreements with companies and governments, etc. The report also talks about the expansions that these prominent players are vying for in the key regions of the market. The report focuses on a detailed analysis of the technological and product developments undertaken by these companies.

Key players in the Teleradiology Services market include

Philips Healthcare, Teleradiology Solutions, USRAD Holdings, Inc., Everlight Radiology, MEDNAX, Inc., ONRAD, Inc., AGFA Healthcare, RAMSOFT, Inc., Telediagnostic Solutions PVT. LTD. and CARESTREAM HEALTH, Inc., among others.

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Report Highlights

Due to the growing use of teleradiology services by hospitals and clinics, the Hospitals and Clinics segment held the majority of the market in 2019 with a share of 54.6%. Due to the lack of radiologists due to the pandemic, diagnostic imaging methods are being used more frequently to preserve workflow and increase efficiency.

Due to the growing need for healthcare software to enhance data transparency and improve patient outcomes, the software segment is expected to grow at the highest CAGR during the projected period.

Due to its highly developed healthcare system, North America has the highest market adoption rate over the projection period.

Emergen Research has segmented the global teleradiology services market on the basis of imaging technique, end users, products & services, and region:

Imaging Technique Outlook (Revenue, USD Billion; 2017-2027)

Magnetic Resonance Imaging (MRI)

Computed tomography (CT)

X-rays

Ultrasound

Mammography

Others

End User Outlook (Revenue, USD Billion; 2017-2027)

Diagnostic centers

Hospitals & Clinics

Others

Products and Services Outlook (Revenue, USD Billion; 2017-2027)

Software

Material

Teleradiology services

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Segmentation of the Teleradiology Services Market by Regions:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Report objectives:

Study of the Global Teleradiology Services Market Size by Key Regions, Types and Applications with Reference to Historical Data (2016-2018) and Forecast (2020-2027)

Industry structure analysis of Teleradiology Services Market by identifying various sub-segments

In-depth analysis of key market players along with their SWOT analysis

Competitive landscape marking

Analysis of Teleradiology Services Market based on growth trends, futuristic prospects, and contribution to total market growth

Analysis of drivers, restraints, opportunities, challenges, and risks in the global teleradiology services market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches and other strategic alliances

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