Teleradiology Market Key Opportunities Forecast To 2027

The global teleradiology market size was valued at USD 3.6 billion in 2019 and is anticipated to register a CAGR of 13.9% over the forecast period. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.

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Teleradiology is described as the practice of transmitting radiological patient pictures diagnosis, along with x-rays, CT scans, and MRI scans, from one site to another for the aim of exchanging studies with other radiologists and clinicians, utilizing network technology. Teleradiology enhances patient care by lowering the distance barrier, allowing radiologists would provide services and care for patients without needing to physically be present at the patient's address. This is especially critical when a sub-specialist is required in an emergency, along with an MRI radiologist, neuroradiologist, musculoskeletal radiologist or pediatric radiologist. During the research period, need for teleradiology is predicted to rise due to an increasing global adoption of technology in hospitals.

North America now holds the greatest market share and is expected to continue to do so in the coming years. The region's leadership position is due to the growing target massive population, expanding incidence of chronic diseases, and the existence of key market participants. In 2019, Europe accounted for a sizable percentage of market revenue. The market is likely to be driven by an increase in the number of training programmes about teleradiology and its applications organized in Europe.

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Some of the major key players in the teleradiology market are RadNet, Inc. (U.S.), Teleradiology, Providers (India), Quality Nighthawk (U.S.), Foundation Radiology Group (U.S.), Argus Radiology (U.S.), StatRad, LLC (U.S.), USARAD Holdings, Inc (U.S.), Vital Radiology Services (India), Teleradiology Solutions (U.S.), Telemedicine Clinic (Spain)

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