Teleradiology Market By Type (X-Ray, Computed Tomography (CT), Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography, and Others), By Application (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Teleradiology is a branch of telemedicine. Teleradiology is used to transmit radiological images from one location to another. Teleradiology helps to understandmedicalimaging studies such as digitized x-rays, CT, MRI, ultrasound, and nuclear medicine studies.Teleradiology integratesa wide variety of technologies, including the internet, standard telephone lines, local area networks, wide area networks, and cloud-based technology.

Teleradiology market is estimated to reach $26.1 billion by 2030

Market Dynamics

The rising number of imaging testin Healthcare centers is boosting the global Teleradiology market. For instance, in 2018, 42.7 million imaging tests are performed in England, with an increase of 1.4% from the previous year. In 2018, 22.9 million procedures of X-ray, 9.51 million procedures of Diagnostic Ultrasonography, 5.15 million procedures of CT Scan, and 5.15 million procedure of MRI scans were performed in England. In Australia, more than 27 million diagnostic images procedures were performed in 2018.Introduction of advanced teleradiology services are key driving factors of the market. The introduction of cloud-based technologieshelps thehealthcarecentres to use teleradiology without investing in expensive hardware. It providesthe power of collaboration between the private sector and government using teleradiology to provide radiologist access to district hospitals and health centres to rural populations.However, Lack of data imaging security might hamper market growth. The data storage space is limited, and the imaging records are automatically removed when storage capacity limits are reached in teleradiology. Further, rising funds for teleradiology services would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global Teleradiology market is mainly classified based on Type, Application. Type is further segmented into X-ray, Computed Tomography (CT), Ultrasounds, Magnetic Resonance Imaging (MRI), Nuclear Imaging, Fluoroscopy, Mammography, Others. By Application, the market is divided into Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Others.

Computed Tomography (CT) is dominating the global Teleradiology market by type in 2019. computed tomography scan is a medical imaging procedure to scan the body and provide X-ray and create pictures of organs, bones, and other tissues. Increasing digitalization and technological advancements ofcomputed tomography would improve market growth. For instance, Philips has introduced AI-powered flexible and scalable enterprise imaging solutionsto hospitals and imaging centers. However, Philips has also expanded its telehealth services by providing teleradiology services portfolio by increasing access to precision diagnoses and addressing a risein shortage of radiologists. Teleradiology enables radiologists to remotely store, view, retrieve and analyse images from medical exams such as computed tomography (CT), magnetic resonance (MR) and X-ray.

Regional Analysis

Based on geography, the global Teleradiology market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North Americawas dominating the global Teleradiology market in 2019, due to the strategic alliance between companies to provide teleradiology services. For instance, Nanox,medical imaging technology company,has signeda collaboration agreement with USARAD for the deployment of 3,000 Nanox Systems in the United States. The Nanox System include Nanox.ARC, a medical imaging system integrating a novel digital X-ray source, and Nanox.CLOUD, cloud-based software that is designed to provide an end-to-end medical imaging service including image repository, online and offline diagnostics review, radiologist matching, and annotation, connectivity to diagnostic assistive artificial intelligence systems, billing and reporting.

United States Teleradiology market is estimated to reach $ 3,028.6 Million; growing at a CAGR of 15.7%.

Competitive landscape

Key players operating in the Teleradiology industry include Teleradiology Solutions (TRS), Global Diagnostics, Mednax, Inc., ONRAD, Inc., Telediagnostics Services, Everlight Radiology, Agfa-Gevaert Group, Radisphere Radiology, MEDICA Group, Argus Radiology, SRL Diagnostics, Krsnaa Diagnostics, Telemedicine Clinic (Unilabs), USARAD Holdings, Inc., Vital Radiology Services, TeleDiagnosys, Envision Physician Services, Foundation Radiology Group, Direct Radiology, Imaging On Call, NucleusHealth, ARIS Radiology, NightShift Radiology, Alta Vista TeleRadiology, Quality Nighthawk, and 4Ways Healthcare.

Introduction of newTeleradiology solution platform, the strategic alliance between companies, rasing funds to provide Teleradiology services and competitive advancement to increase the product portfolio and revenue are some of the top strategies adopted by the companies. For instance, onMarch 26, 2019, Philips has acquired Direct Radiology’s teleradiology platform and business operations. With the acquisition, Philips will expand its radiology solutions portfolio and plan to scale Direct Radiology’s teleradiology platform so that it can support radiologists around the world.

Teleradiology Market Key Segments

By Type
• X-Ray
• Computed Tomography (CT)
• Ultrasounds
• Magnetic Resonance Imaging (MRI)
• Nuclear Imaging
• Fluoroscopy
• Mammography
• Others

By Application
• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America

• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Teleradiology Industry Players

• Teleradiology Solutions (TRS)
• Global Diagnostics
• Mednax, Inc.
• ONRAD, Inc.
• Telediagnostics Services
• Everlight Radiology
• Agfa-Gevaert Group
• Radisphere Radiology
• MEDICA Group
• Argus Radiology
• SRL Diagnostics
• Krsnaa Diagnostics
• Telemedicine Clinic (Unilabs)
• USARAD Holdings, Inc.
• Vital Radiology Services
• TeleDiagnosys
• Envision Physician Services
• Foundation Radiology Group
• Direct Radiology
• Imaging On Call
• NucleusHealth
• ARIS Radiology
• NightShift Radiology
• Alta Vista TeleRadiology
• Quality Nighthawk
• 4Ways Healthcare

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Teleradiology Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising number of imaging test
3.3.2. Introduction of advanced teleradiology services
3.4. Restraints
3.4.1. Lack of data imaging security
3.5. Opportunity
3.5.1. Raising funds for teleradiology services
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. X-Ray
4.2.1. Market Size & Forecast
4.3. Computed Tomography (CT)
4.3.1. Market Size & Forecast
4.4. Ultrasounds
4.4.1. Market Size & Forecast
4.5. Magnetic Resonance Imaging (MRI)
4.5.1. Market Size & Forecast
4.6. Nuclear Imaging
4.6.1. Market Size & Forecast
4.7. Fluoroscopy
4.7.1. Market Size & Forecast
4.8. Mammography
4.8.1. Market Size & Forecast
4.9. Others
4.9.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Hospitals
5.2.1. Market Size & Forecast
5.3. Ambulatory Surgical Centers
5.3.1. Market Size & Forecast
5.4. Diagnostic Centers
5.4.1. Market Size & Forecast
5.5. Others
5.5.1. Market Size & Forecast

6. Teleradiology Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Teleradiology Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Teleradiology Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Teleradiology Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Teleradiology Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Teleradiology Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Teleradiology Solutions (TRS)
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Teleradiology Solutions (TRS) Product Category, Application, and Specification
7.1.3. Teleradiology Solutions (TRS) Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Global Diagnostics
7.3. Mednax, Inc.
7.4. ONRAD, Inc.
7.5. Telediagnostics Services
7.6. Everlight Radiology
7.7. Agfa-Gevaert Group
7.8. Radisphere Radiology
7.9. MEDICA Group
7.10. Argus Radiology
7.11. SRL Diagnostics
7.12. Krsnaa Diagnostics
7.13. Telemedicine Clinic (Unilabs)
7.14. USARAD Holdings, Inc.
7.15. Vital Radiology Services
7.16. TeleDiagnosys
7.17. Envision Physician Services
7.18. Foundation Radiology Group
7.19. Direct Radiology
7.20. Imaging On Call
7.21. NucleusHealth
7.22. ARIS Radiology
7.23. NightShift Radiology
7.24. Alta Vista TeleRadiology
7.25. Quality Nighthawk
7.26. 4Ways Healthcare