According to the latest report published by Credence Research, Inc. “Teleradiology Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the teleradiology market was valued at USD 2,193.1 Mn in 2015, and is expected to reach USD 10,467.0 Mn by 2022, expanding at a CAGR of 24.7% from 2016 to 2022.
Browse the full report Teleradiology: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report at http://www.credenceresearch.com/report/teleradiology-market
Teleradiology is defined as incorporation of software for transmission of radiology images. This system attempts at bridging the gap between the actual availability and demand for skilled radiologists and radiology solutions in remote areas. Introduction of modern radiology devices paired with evolved data transfer technologies and software solutions have allowed rapid transfer and accuracy to teleradiology process. Growing demand for PACS and RIS has further allowed for rising demand for teleradiology solutions.
Gradual growth in gap between the need for efficient radiography solutions and the lack of skilled radiologists and technicians, particularly in low-income and remote geographies has facilitated demand for remote diagnosis and monitoring through teleradiology solutions. This trend is further supported by technological innovation, evolution of data storage and wireless data transfer, and rapid development of healthcare infrastructure and have urged the acceptance of teleradiology systems and services. Further development of medical imaging platforms along with novel imaging solutions such as MRI and nuclear imaging will drive the evolution of teleradiology market worldwide.
X-ray teleradiology is the largest image modality segment compared to other modalities due to low cost of X-ray imaging, faster turnaround and widespread availability. CT and MRI teleradiology are the fastest progressing segments, due to their proven precision and accuracy are the prime factors contributing to the popularity of CT and MRI imaging, and consequently the demand for CT and MRI teleradiology solutions.
North America is the largest market for teleradiology solutions followed by Europe. Evolved healthcare infrastructure, high awareness and trend of rapid adoption of novel healthcare technologies are the major drivers of North America and Europe teleradiology markets. Asia-Pacific is the fastest growing market for teleradiology due to rapid evolution and adoption of healthcare informatics in the region, coupled with flourishing medical tourism market.