Teleradiology Market Size

Teleradiology Market Size

Teleradiology Market size was valued at USD 12 billion in 2023 and is anticipated to grow at a CAGR of 19.7% from 2024 to 2032. One of the primary drivers is the increasing demand for efficient and timely diagnosis. Teleradiology allows for the transmission of medical images such as X-rays, CT scans, and MRIs to specialists located elsewhere, enabling quicker interpretation and diagnosis.

Additionally, the growing prevalence of chronic diseases, such as cancer and cardiovascular diseases, increases the demand for diagnostic imaging services. This, in turn, fuels the need for teleradiology to handle the increasing workload. For instance, as per the report published by World Health Organization it has been reported that noncommunicable diseases (NCDs) kill 41 million people each year, equivalent to 74% of all deaths globally.
 

Cardiovascular diseases account for most NCD deaths, or 17.9 million people annually, followed by cancers (9.3 million), chronic respiratory diseases (4.1 million), and diabetes (2.0 million including kidney disease deaths caused by diabetes). Thus, the rapid increase in the prevalence of chronic disease globally is the major factor that is expanding the demand for diagnostic imaging services for early diagnosis of disease, thereby driving the market growth.
 

Teleradiology is a branch of telemedicine where radiological images are transmitted from one location to another for consultation and diagnosis. It allows radiologists to provide services without needing to be in the same location as the patient or imaging equipment.