Teleradiology Market To Witness Rise In CAGR Value Of 19.1% From 2013 To 2024: Grand View Research, Inc.

The global teleradiology market size is estimated to reach USD 8.2 billion by 2024, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 19.1% during the forecast period. Availability of real-time, technology-enabled, and accurate medical imaging systems has led to an increased adoption in hospitals and clinics. Besides, introduction of new digital technology devices enables timely intervention of healthcare professionals from different locations for serious cases.

Growing geriatric population coupled with rising prevalence of ailments, such as cancer, dental problems, and bone injuries, is augmenting the need for imaging devices. This is expected to drive the market. One of the major advantages of teleradiology is getting a second opinion for serious cases, which can be sent across the globe to specialists, thus enabling a good connectivity among radiologists globally.

North America teleradiology market represented 40.2% of the overall value in 2015. Favorable government initiatives pertaining to improvement of healthcare facilities in rural areas and heightened awareness levels among patients coupled with high healthcare expenditure are contributing to the growth of the regional market.

Asia Pacific is anticipated to be the fastest growing region for teleradiology due to soaring demand for innovative and advanced medical platforms coupled with improving healthcare infrastructure. Besides, increasing government initiatives, large target population base, and strategic global expansions undertaken by key players are likely to stimulate the growth of the market.

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Further key findings from the study suggest:

  • The X-ray was the largest segment in 2016 owing to its broad range of applications, such as detection of dental injuries and fractures in bones, and growing demand for bedside imaging and core diagnostics
  • The CT scan is projected to register the fastest growth over the forecast period. High usage rates, faster testing rate, high-resolution imaging capacity, and introduction of new generation systems, such as 3D and 4D, are some of the factors supplementing the growth of the segment
  • North America was at the forefront of the market in 2016 due to presence of advanced healthcare IT and high penetration rates of new technologies
  • Asia Pacific is poised to witness the fastest growth over the forecast period due to supportive government regulations for expansion of teleradiology and faster technology adoption
  • Some of the key players in the market are Global Diagnostics; ONARD; Agfa-Gevaert N.V.; Sectra AB; Virtual Radiologic; Everlight Radiology; RamSoft, Inc.; Health Watch Tele Diagnostics Pvt. Ltd.; and 4ways Healthcare Limited

 Related Report of Healthcare:

Grand View Research has segmented the global teleradiology market on the basis of product and region:

Teleradiology Product Outlook (Revenue, USD Million; 2013 – 2024)

  • X-ray
  • Magnetic Resonance Imaging (MRI)
  • Computed Tomography (CT)
  • Ultrasound
  • Nuclear Radiology

Teleradiology Regional Outlook (Revenue, USD Billion, 2013 – 2024)

  • North America
    • U.S
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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Grand View Research, Inc.

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