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Growing Popularity of mHealth Services to Benefit Teleradiology Market in Western Europe

Article Description

Teleradiology refers to the transmission of radiological images from one location to another to allow other radiologists to read and interpret it in case of emergencies. The technology of teleradiology has been gaining traction in the past few years and is widely used in urgent care clinics, hospitals, mobile imaging companies, and specialist imaging companies. The growing advancements in the digital technology and growing healthcare expenditure are the factors driving the global teleradiology market in Western Europe. 

In 2014, the Western Europe market for teleradiology was worth US$305.8 mn and is anticipated to reach a value of US$1.4 bn by the end of 2023. The market is predicted to exhibit a significant 18.50% CAGR between 2015 and 2023.

Browse Full Global Teleradiology Market Report with http://www.mrrse.com/western-europe-teleradiology-market

The growing popularity of mHealth services is estimated to boost the demand for teleradiology in the near future. On the flip side, language barriers, complex and stringent regulations, and the high cost of advanced technology are some of the key factors hampering the growth of the teleradiology market in Western Europe. However, growing investment in teleradiology services in order to upgrade the digital infrastructure in Western Europe is considered as one of the biggest opportunities for market players.

Computed Tomography (CT) Segment to Grow Rapidly thanks to Favorable Reimbursement Policies

The teleradiology market in Western Europe can be classified on the basis of modality into ultrasound, X-ray, magnetic resonance imaging, computed tomography, and nuclear imaging.

In 2014, the X-ray segment accounted for the largest share in the overall market and is expected to maintain its leading position in the next few years. The rapid growth of this segment can be attributed to the growing number of X-ray procedures and the growing need for expert advice from radiologists due to the complexity of the image. The ultrasound segment held the second largest share thanks to the growing reliability of ultrasound images, development of 3D and 4D platforms, and absence of ionizing radiation in ultrasound imaging. On the other hand, the computed tomography segment is estimated to grow rapidly in the next few years owing to the presence of favorable reimbursement policies and its capability to visualize several complex body parts, including the lungs and the brain, and cardiac abnormalities. 

Germany Teleradiology Market to Register Slow Growth Rate due to Stringent Cross-border Regulations

The teleradiology market in Western Europe can be divided on the basis of geography into Germany, Spain, the U.K., the Netherlands, Italy, and Rest of Western Europe.

In 2014, the U.K. dominated the market for teleradiology. The rapid growth of this regional market can be attributed to the advancement in the digital imaging technology, the presence of several major market players, and the growing implementation of picture archiving communication systems. The U.K. was closely followed by Germany, which held the second largest share in the market, due to increasing government initiatives and lack of expert radiologists in the region. However, Germany is projected to witness sluggish growth in the near future owing to the high cost associated with teleradiology and rigid cross-border regulations.

Some of the major players operating in the teleradiology market in Western Europe are Cybernet Medical Corporation, Sectra AB, Telemedicine Clinic, Agfa-Gevaert N.V., Global Diagnostics Ltd., and ONRAD, Inc.