The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Teleradiology Global Market Report 2023, the teleradiology market is expected to show significant growth in the forecast period.

The global teleradiology market has experienced a substantial surge, with its size escalating from $4.5 billion in 2022 to an impressive $5.23 billion in 2023. This robust growth is underscored by a Compound Annual Growth Rate (CAGR) of 16.2%. As we look ahead, projections indicate that the market is set to reach new heights, with an expected size of $9.8 billion by 2027, showcasing a formidable CAGR of 17.0%.

The Driving Force: Imaging Procedures Steer the Growth

Imaging Procedures on the Rise

• Definition: Imaging procedures involve tests that generate detailed images of the body’s internal areas for examination and treatment suggestions by healthcare professionals.
• Global Impact: Computed Tomography (CT) examinations are on the rise globally, increasing by 4% annually to approximately 300 million CT scans per year, as reported by the US National Library of Medicine in September 2020.
• US Scenario: According to iData Research, over 75 million CT scans were conducted annually in the USA, projected to reach 84 million by 2022.

Teleradiology’s Role

• Essential Function: Teleradiology facilitates the transfer of radiological images over the internet, supporting diagnosis, monitoring, and timely medical decisions.
• Market Implication: The surge in imaging procedures necessitates efficient solutions for the transmission of images to healthcare professionals, elevating the demand for teleradiology solutions.

Industry Titans: Leaders Paving the Way

• Key Players: Major contributors to the teleradiology market include 4ways Healthcare, Agfa Healthcare, Everlight Radiology, Onrad Inc., RamSoft Inc., Teleradiology Solutions, Tele Diagnostic Solutions Pvt. Ltd., USARAD Holdings, HealthWatch TeleDiagnostics Private Limited, Cybernet Medical Corporation, GE Healthcare, MEDNAX Services, Cerner Corporation, Mckesson Corporation, MedWeb LLC, Novarad Corporation, Siemens Healthineers, and StatRad LLC.

Collaboration Chronicles: Partnerships Propel Progress

Collaboration as a Trend

• Strategic Approach: Collaborations and partnerships emerge as a key trend, allowing companies to pool resources, expertise, and technology to innovate and gain a competitive edge.
• Resource Sharing: These alliances enable the sharing of resources, knowledge, and technological advancements, fostering innovation in the teleradiology sector.

Noteworthy Instances

1. Life Image and Dicom Systems (April 2020):
   • Collaboration to enhance telehealth and teleradiology at the Alaska Native Medical Center, demonstrating the power of cross-industry cooperation.
2. Bleepa and Quest Teleradiology (October 2021):
   • UK-based Bleepa and Indian radiology services provider Quest Teleradiology join forces to expand teleradiology services and enable direct case discussions between clinicians and radiologists.

Market in Focus: Segmenting the Landscape

1) By Modality

• X-Ray, MRI, CT Scan, Ultrasound Systems:
  • Diverse modalities catering to a range of medical imaging needs.

2) By Technology

• Web Based, Cloud Based:
  • Evolving technological solutions that define the way images are processed and transmitted.

3) By Component

• Hardware, Software:
  • Core components shaping the infrastructure of teleradiology solutions.

4) By End User

• Hospitals, Diagnostic Centres, Other End Users:
  • Diverse end users reflecting the broad spectrum of healthcare services leveraging teleradiology.

Regional Dominance: North America Takes the Lead

• Largest Region in 2022: In the teleradiology market, North America emerged as the frontrunner in 2022.
• Global Impact: This dominance signifies the global influence of North America on the teleradiology landscape.

View More On The Teleradiology Market Report 2023 – https://www.thebusinessresearchcompany.com/report/teleradiology-global-market-report

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The Teleradiology Global Market Report 2023  provides an in-depth analysis on the teleradiology market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the teleradiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Telehealth Global Market Report 2023
Interventional Radiology Global Market Report 2023
Radiology As A Service Global Market Report 2023

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