>
>
Teleradiology Services Market – By Service Type, By Modality, By End Use– Global Forecast, 2024 – 2032
Download Free PDF

Teleradiology Services Market
Get a free sample of this reportGet a free sample of this report Teleradiology Services Market
Is your requirement urgent? Please give us your business email for a speedy delivery!
Buy Now
$4,123 $4,850
15% off
$4,840 $6,050
20% off
$5,845 $8,350
30% off
Buy now
Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 140
Countries covered: 19
Pages: 132
Download Free PDF
Teleradiology Services Market Size
The global teleradiology services market size was valued at around USD 7.5 billion in 2023 and is estimated to grow at 13.2% CAGR from 2024 to 2032. Teleradiology services encompass the remote sending, interpretation, and recording of medical imaging examinations of X-rays, CT scans, MR, Ultrasound, and even Mammography by Radiologists positioned apart. This method takes into consideration the adoption of IT technologies and infrastructures to encrypt and send medical pictures across different locations, enabling Radiologists to read the pictures and report the findings remotely.
One of the main drivers of the teleradiology services market is the growing incidence of chronic diseases in an increasingly aged population. For instance, according to the World Health Organization, the number of persons 60 years and older will be 2.1 billion by the year 2050, as opposed to 1 billion in 2020. During their older ages, individuals have greater risk of developing health complications like heart diseases, malignant neoplasms, bone problems like osteoporosis, and other degenerative problems.
This population group, which is most vulnerable, warrants frequent imaging for the purposes of diagnosis, follow-up care and treatment, thus drastically increasing the demand for other services in the field of radiology. In addition, the fact that there's a scarcity of radiologists, particularly in rural and remote places, is also a crucial factor for the enlargement of the market.
Furthermore, the imaging types and telecommunication systems technology developments are contributing to the growth of the market. The increase in the adoption of the Internet and cloud services has been influential in expediting the movement of large image files. On top of that, the rise in outsourcing of radiology services, increased productivity, faster adoption of telemedicine, and supportive government policies on digital health are expected to have a beneficial influence on the market during the forecast period.
Teleradiology Services Market Trends
Teleradiology Services Market Analysis
Based on service type, the market is segmented into inhouse, onshore, and offshore services. The onshore segment dominated the market with the largest revenue of USD 3.6 billion in 2023 and is expected to grow at a significant CAGR over the forecast period.
Based on modality, the teleradiology services market is segmented into CT scan, X-ray, MRI, ultrasound, mammography, and PET-CT. The X-ray segment of the market, which held a 44.5% share in 2023, is poised for substantial growth in the coming years.
Based on end use, the teleradiology services market is segmented into hospitals, diagnostic imaging centers, ambulatory surgical centers, and other end users. The hospitals segment of the market, which held a 62.5% share in 2023, is poised for substantial growth in the coming years.
The U.S. dominated the North American teleradiology services market with the largest revenue of USD 2.3 billion in 2023 and is projected to witness considerable growth rate over the forecast timeframe.
The teleradiology services market in Germany is expected to experience significant and promising growth from 2024 to 2032.
The Asia Pacific teleradiology services market is anticipated to witness lucrative CAGR between 2024 and 2032.
The teleradiology services market in Saudi Arabia is expected to experience promising growth from 2024 to 2032.
Teleradiology Services Market Share
The market is competitive as companies develop different ways of capturing the market. Important market players focus on achieving specialized interpretation through subspecialty services. Service expansions through partnerships as well as acquisitions are sought to enhance the service scope and reach. The incorporation of artificial intelligence together with advanced telecommunication technology facilitates workflow optimization, shorter turnaround times, and more precise diagnoses. In addition, the companies geographically expand to unattended areas and developing regions while conforming to the local set regulations to enter new profitable markets.
To service differing clients, companies provide a range of pricing strategies such as subscription packages and pay-per-report which are more appealing. Government compliance, data security, quality assurance, privacy, and reliability concerns are obliged by firms through competitiveness in the market. Other strategies include increasing investment for professional development, engagement marketing, developing unique reporting standards, building strong customer service, monitoring and analyzing data, and partnering within the market. All these strategies serve in one direction: to capture the new market and respond to the rapid increase of demand for remote and specialized radiology services from all over the world.
USPs for top market players
Teleradiology Services Market Companies
Some of the eminent market participants operating in the teleradiology services industry include:
Teleradiology Services Industry News:
The teleradiology services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 – 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Service Type
Market, By Modality
Market, By End Use
The above information is provided for the following regions and countries: