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The global teleradiology software industry was valued at approximately USD 2.1 billion in 2023 and is estimated to grow at an 11.5% CAGR from 2024 to 2032, driven by the need for remote diagnostic capabilities.
The picture archive and communication system (PACS) segment dominated the market with a revenue of USD 1.1 billion in 2023 and is expected to grow significantly due to the rising demand for efficient storage and retrieval of medical images.
U.S. teleradiology software market recorded USD 625.4 million in 2023 and is projected to witness substantial growth, primarily due to the persistent shortage of radiologists in rural and remote areas.
Key players in the industry include 4ways Healthcare, Agfa-Gevaert Group, Carestream Health, Cerner Corporation, FUJIFILM Holdings Corporation, GE Healthcare, Koninklijke Philips, Novarad, ONRAD, Philips Healthcare, Ramsoft, and Siemens Healthineers.