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Teleradiology Market Driven by Rising Adoption in Developed Countries

Press release Description

Albany, New York, October 18, 2016: Market Research Reports Search Engine (MRRSE) has announced the addition of a new report to its growing repository of market intelligence studies. The report examines the performance of the global teleradiology market and presents reliable forecasts for players looking to establish a foothold in the market. The report is titled ‘Teleradiology Market: North America will Remain Key to Overall Growth: Global Industry Analysis and Opportunity Assessment, 2015-2023’ and is available for sale on the official website of MRRSE.

According to the report, the global teleradiology market is expected to exhibit a robust 11.3% CAGR between 2015 and 2023.

Teleradiology is a suite of medical services used to enable remote information sharing between physicians. Through teleradiology, diagnostic imaging can be carried out at a remote site with no healthcare dispensation center, and shared with a diagnostician or physician through modern telecommunication channels. Teleradiology has become widely popular in the relatively short time since its emergence due to its vital role in providing healthcare services in remote areas.

The steady advances in telecommunications technology have been the key driver for the global teleradiology market. Due to the large amounts of data generated from radiological imaging, telecommunication channels that can capably support the transfer of high-volume data are crucial in teleradiology. The development and widespread distribution of such technologies over the course of the iterative development of 4G and 5G network infrastructure has thus been a key driver for the global teleradiology market.

Due to the need to function perfectly in remote areas, radiology equipment has also undergone significant modification in order to fit the demands of the teleradiology field. The innovation of low-power portable X-ray machines, in particular, has been vital for the teleradiology market, as X-rays can be used to diagnose a wide variety of conditions.

Geographically, North America is likely to remain the leading contributor to the global teleradiology market in the coming years. The regional market has been driven primarily by the increasing awareness about the benefits of teleradiology among patients, which has led to easy acceptance, and the position of the region as a prime hub for the development of both telecommunication technology and medical devices. North America accounted for more than 40% of the global teleradiology market in 2014, and could extend its lead over the forecast period due to the steady government support for the development of teleradiology solutions.

In Europe, Germany and the U.K. are the leading markets for teleradiology, while Australia, the Philippines, and Malaysia dominate the Asia Pacific teleradiology market. The U.K. and Australia were the regional leaders within Europe and Asia Pacific, respectively, in 2014, and are likely to remain so over the forecast period.

By product type, the report segments the global teleradiology market into CT, X-ray, MRI, ultrasound, and nuclear imaging. Of these, X-ray devices are likely to remain the leading contributor to the global teleradiology market in the coming years in spite of the rising demand for CT and telemammography.

Browse Full Global Teleradiology Market Report with TOC:

The leading teleradiology market players profiled in the report include 4Ways Healthcare Limited, The Telelaudo, Radiology Reporting Online (Rro), Medica Reporting Ltd., TeleDiagnosys Services Pvt. Ltd., InHealth, Global Diagnostics Ltd., Everlight Radiology, Virtual Radiologic (vRad), Ramsoft, Inc.Sectra AB, Cybernet Medical Corporation, Onrad, Inc., Agfa-Gevaert n.v., Telemedicine Clinic, Radisphere National Radiology Group, Inc., and Teleradiology Solutions, Inc.

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