According to Nova one advisor, the global Teleradiology market size was valued at USD 8.9 billion in 2021 and is predicted to hit USD 27.2 billion by 2030 with a registered CAGR of 13.1% during the forecast period 2022 to 2030.
Teleradiology is a branch of telemedicine that relies on various telecommunication systems to transmit radiological images from one location to another. Interpretation of all noninvasive imaging studies, such as digitized Z-rays, CT, MRI, ultrasound, and nuclear medicine teleradiology studies, can be carried out using teleradiology. Outbreak of the COVID-19 disease led to rapid adoption of digital healthcare services such as electronic medical records and nuclear medicine teleradiology, thereby driving the global teleradiology market. Teleradiology has been immensely useful during the COVID-19 pandemic, as it enables radiologists to support patients irrespective of their location.
Report Scope of the Teleradiology Market
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Report Coverage |
Details |
|
Market Size |
USD 27.2 Billion by 2030 |
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Growth Rate |
CAGR of 13.1% from 2022 to 2030 |
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Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
Type of Service, Modality, Coverage, Specialty, End-user, and Region, |
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Companies Mentioned |
4ways Healthcare Limited, Africa Telerad Limited, CARPL.AI, Inc., Everlight Radiology, Medica Group plc, Mednax Services, Inc., ONRAD, Inc., Qure.ai, Real Radiology, LLC, Specialty Teleradiology, Inc., StatRad (NucleusHealth), TeleConsult Europe (TCE), Telemedicine Clinic (UNILABS), Teleradiology Solutions, and USARAD Holdings, Inc. |
Advancements in Digital Technology to Augment Global Teleradiology Market
The backbone of the teleradiology market is the healthcare informatics systems that enable effective and quick image transfer and interpretation. The present radiology information system (RIS) and PACS systems are not enough to conduct teleradiology operations. There is a need for integration of RIS-PACS along with a strong and effective teleradiology workflow. Rapid developments in digital image processing technologies ensure effective image distribution across the regional, local, and global level. These technologies assist in enhancing the acceptance of teleradiology practices globally. Emergence and increased acceptance of mobile technology (mHealth) platforms to visualize and interpret radiologic images are propelling the global teleradiology market. These technologies help physicians and clinicians, especially in an emergency setting. For instance, increase in usage of iPad, iPhone, and other smart phone mobile applications ensures effective interpretation of medical images, thereby reducing treatment time and increasing the patient outcome. This is boosting the mHealth market across the globe.
Increase in Introduction of mHealth Services to Fuel Global Teleradiology Market
Growth of applications in the mHealth services market is increasing the scope for teleradiology technologies and services. Mobile applications help physicians to visualize and interpret medical images even while commuting, thereby eliminating the need for a physical workstation. Introduction of several mobile applications, high resolution screens, and medical connectivity facilitates quick interpretation of images, thereby enhancing patient care without hampering the quality of the image. The healthcare industry has been witnessing increased involvement of mobile manufacturers toward offering mHealth applications over this platform. For instance, in December 2020, Google launched an mHealth app for healthcare studies, allowing researchers and providers to collect data from participants using Android phones. This paradigm shift is projected to augment the growth and acceptance of teleradiology practices across the globe.
Cost-effective Radiograph Interpretation Bolstering General Reporting Segment
In terms of type of service, the global teleradiology market has been classified into general reporting, consultation, auditing, and others. The general reporting segment dominated the global teleradiology market in 2021. The trend is projected to continue during the forecast period. The segment’s dominance can be ascribed to the rise in demand for time-saving and cost-effective radiograph interpretation by health care providers across the globe.
Usage in Detection of Tumors, Infections, and Other Disorders Driving Magnetic Resonance Imaging (MRI) Segment
Based on modality, the MRI segment dominated the global market in 2021. This can be ascribed to the need for skilled radiologists to read complicated images. MRI imaging has several advantages over CT, X-ray, and ultrasound imaging platforms. This imaging platform is employed to detect tumors, infections, and disorders related to blood vessels. Contrast materials are used to enhance the clarity of the images. MRI facilitates the visualization of spine, blood vessels, abdomen, pelvis, bone, and joints. Therefore, the MRI imaging technology is preferred over other imaging technologies.
Early Adoption of Advanced Technologies Fueling Diagnostic Imaging Centers Segment
In terms of end-user, the global teleradiology market has been divided into hospitals, diagnostic imaging centers, ambulatory surgical centers, clinics, and others. The diagnostic imaging centers segment dominated the global teleradiology market in 2021. The trend is anticipated to continue during the forecast period. Diagnostic imaging centers focus on the adoption of advanced technologies, hybrid imaging, and new imaging modalities. However, these are likely to outsource imaging reports in order to increase revenue, as hiring radiologists could cost more than outsourcing.
Regional Outlook of Teleradiology Market
North America accounted for the largest share of more than 40% of the global market in 2021. The market in the region is projected to advance at a CAGR of 11.6% from 2022 to 2030. This can be ascribed to the highly structured healthcare industry and rise in awareness among the population about the benefits of teleradiology, especially during COVID-19. Presence of a large number of players is also driving the market in North America.
Europe held the second largest share of the global teleradiology market in 2021. Developed healthcare infrastructure and rise in adoption of teleradiology services are driving the market in the region. Asia Pacific was the fastest growing market in 2021. The market in the region is expected to advance at a CAGR of 13.8% during the forecast period. The market in Asia Pacific is relatively untapped compared to that in developed regions. Thus, the region offers significant opportunities to market players. High prevalence of chronic diseases requiring imaging services, rise in geriatric population, and surge in patient population are fueling the teleradiology market in the region.
Key Developments in Global Teleradiology Market
Some of the prominent players in the Teleradiology Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Teleradiology market
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits for Stakeholders
Chapter 1. Introduction
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Teleradiology Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Teleradiology Market Analysis and Forecast, 2017–2030
4.4.1. Market Revenue Projections (US$ Mn)
5. Key Insights
5.1. Regulatory Scenario
5.2. Key Industry Developments
5.3. Key Industry Trends
5.4. COVID-19 Impact Analysis on Teleradiology Market
6. Global Teleradiology Market Analysis and Forecast, by Type of Service
6.1. Introduction
6.2. Key Findings / Developments
6.3. Global Teleradiology Market Value Forecast, by Type of Service, 2017–2030
6.3.1. General Reporting
6.3.2. Consultation
6.3.3. Auditing
6.3.4. Others
6.4. Global Teleradiology Market Attractiveness, by Type of Service
7. Global Teleradiology Market Analysis and Forecast, by Modality
7.1. Introduction
7.2. Key Findings / Developments
7.3. Global Teleradiology Market Value Forecast, by Modality, 2017–2030
7.3.1. X-ray
7.3.2. Ultrasound
7.3.3. Computer Tomography (CT)
7.3.4. Magnetic Resonance Imaging (MRI)
7.3.5. Nuclear Imaging
7.3.6. Others
7.4. Global Teleradiology Market Attractiveness, by Modality
8. Global Teleradiology Market Analysis and Forecast, by Coverage
8.1. Introduction
8.2. Key Findings / Developments
8.3. Global Teleradiology Market Value Forecast, by Coverage, 2017–2030
8.3.1. Day Time Coverage
8.3.2. After Hours / Night Time Coverage
8.4. Global Teleradiology Market Attractiveness, by Coverage
9. Global Teleradiology Market Analysis and Forecast, by Specialty
9.1. Introduction
9.2. Key Findings / Developments
9.3. Global Teleradiology Market Value Forecast, by Specialty, 2017–2030
9.3.1. Cardiology
9.3.2. Neurology
9.3.3. Oncology
9.3.4. Musculoskeletal
9.3.5. Gastroenterology
9.3.6. Others
9.4. Global Teleradiology Market Attractiveness, by Specialty
10. Global Teleradiology Market Analysis and Forecast, by End-user
10.1. Introduction
10.2. Key Findings / Developments
10.3. Global Teleradiology Market Value Forecast, by End-user, 2017–2030
10.3.1. Hospitals
10.3.2. Diagnostic Imaging Centers
10.3.3. Ambulatory Surgical Centers
10.3.4. Clinics
10.3.5. Others
10.4. Global Teleradiology Market Attractiveness, by End-user
11. Global Teleradiology Market Analysis and Forecast, by Region
11.1. Key Findings
11.2. Global Teleradiology Market Value Forecast, by Region
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Latin America
11.2.5. Middle East & Africa
11.3. Global Teleradiology Market Attractiveness, by Region
12. North America Teleradiology Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. North America Teleradiology Market Value Forecast, by Type of Service, 2017–2030
12.2.1. General Reporting
12.2.2. Consultation
12.2.3. Auditing
12.2.4. Others
12.3. North America Teleradiology Market Value Forecast, by Modality, 2017–2030
12.3.1. X-ray
12.3.2. Ultrasound
12.3.3. Computer Tomography (CT)
12.3.4. Magnetic Resonance Imaging (MRI)
12.3.5. Nuclear Imaging
12.3.6. Others
12.4. North America Teleradiology Market Value Forecast, by Coverage, 2017–2030
12.4.1. Day Time Coverage
12.4.2. After Hours / Night Time Coverage
12.5. North America Teleradiology Market Value Forecast, by Specialty, 2017–2030
12.5.1. Cardiology
12.5.2. Neurology
12.5.3. Oncology
12.5.4. Musculoskeletal
12.5.5. Gastroenterology
12.5.6. Others
12.6. North America Teleradiology Market Value Forecast, by End-user, 2017–2030
12.6.1. Hospitals
12.6.2. Diagnostic Imaging Centers
12.6.3. Ambulatory Surgical Centers
12.6.4. Clinics
12.6.5. Others
12.7. North America Teleradiology Market Value Forecast, by Country, 2017–2030
12.7.1. U.S.
12.7.2. Canada
12.8. North America Teleradiology Market Attractiveness Analysis
12.8.1. By Type of Service
12.8.2. By Modality
12.8.3. By Coverage
12.8.4. By Specialty
12.8.5. By End-user
12.8.6. By Country
13. Europe Teleradiology Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Europe Teleradiology Market Value Forecast, by Type of Service, 2017–2030
13.2.1. General Reporting
13.2.2. Consultation
13.2.3. Auditing
13.2.4. Others
13.3. Europe Teleradiology Market Value Forecast, by Modality, 2017–2030
13.3.1. X-ray
13.3.2. Ultrasound
13.3.3. Computer Tomography (CT)
13.3.4. Magnetic Resonance Imaging (MRI)
13.3.5. Nuclear Imaging
13.3.6. Others
13.4. Europe Teleradiology Market Value Forecast, by Coverage, 2017–2030
13.4.1. Day Time Coverage
13.4.2. After Hours / Night Time Coverage
13.5. Europe Teleradiology Market Value Forecast, by Specialty, 2017–2030
13.5.1. Cardiology
13.5.2. Neurology
13.5.3. Oncology
13.5.4. Musculoskeletal
13.5.5. Gastroenterology
13.5.6. Others
13.6. Europe Teleradiology Market Value Forecast, by End-user, 2017–2030
13.6.1. Hospitals
13.6.2. Diagnostic Imaging Centers
13.6.3. Ambulatory Surgical Centers
13.6.4. Clinics
13.6.5. Others
13.7. Europe Teleradiology Market Value Forecast, by Country/Sub-region, 2017–2030
13.7.1. Germany
13.7.2. U.K.
13.7.3. France
13.7.4. Spain
13.7.5. Italy
13.7.6. Rest of Europe
13.8. Europe Teleradiology Market Attractiveness Analysis
13.8.1. By Type of Service
13.8.2. By Modality
13.8.3. By Coverage
13.8.4. By Specialty
13.8.5. By End-user
13.8.6. By Country/Sub-region
14. Asia Pacific Teleradiology Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Asia Pacific Teleradiology Market Value Forecast, by Type of Service, 2017–2030
14.2.1. General Reporting
14.2.2. Consultation
14.2.3. Auditing
14.2.4. Others
14.3. Asia Pacific Teleradiology Market Value Forecast, by Modality, 2017–2030
14.3.1. X-ray
14.3.2. Ultrasound
14.3.3. Computer Tomography (CT)
14.3.4. Magnetic Resonance Imaging (MRI)
14.3.5. Nuclear Imaging
14.3.6. Others
14.4. Asia Pacific Teleradiology Market Value Forecast, by Coverage, 2017–2030
14.4.1. Day Time Coverage
14.4.2. After Hours / Night Time Coverage
14.5. Asia Pacific Teleradiology Market Value Forecast, by Specialty, 2017–2030
14.5.1. Cardiology
14.5.2. Neurology
14.5.3. Oncology
14.5.4. Musculoskeletal
14.5.5. Gastroenterology
14.5.6. Others
14.6. Asia Pacific Teleradiology Market Value Forecast, by End-user, 2017–2030
14.6.1. Hospitals
14.6.2. Diagnostic Imaging Centers
14.6.3. Ambulatory Surgical Centers
14.6.4. Clinics
14.6.5. Others
14.7. Asia Pacific Teleradiology Market Value Forecast, by Country/Sub-region, 2017–2030
14.7.1. China
14.7.2. Japan
14.7.3. India
14.7.4. Australia & New Zealand
14.7.5. Rest of Asia Pacific
14.8. Asia Pacific Teleradiology Market Attractiveness Analysis
14.8.1. By Type of Service
14.8.2. By Modality
14.8.3. By Coverage
14.8.4. By Specialty
14.8.5. By End-user
14.8.6. By Country/Sub-region
15. Latin America Teleradiology Market Analysis and Forecast
15.1. Introduction
15.1.1. Key Findings
15.2. Latin America Teleradiology Market Value Forecast, by Type of Service, 2017–2030
15.2.1. General Reporting
15.2.2. Consultation
15.2.3. Auditing
15.2.4. Others
15.3. Latin America Teleradiology Market Value Forecast, by Modality, 2017–2030
15.3.1. X-ray
15.3.2. Ultrasound
15.3.3. Computer Tomography (CT)
15.3.4. Magnetic Resonance Imaging (MRI)
15.3.5. Nuclear Imaging
15.3.6. Others
15.4. Latin America Teleradiology Market Value Forecast, by Coverage, 2017–2030
15.4.1. Day Time Coverage
15.4.2. After Hours / Night Time Coverage
15.5. Latin America Teleradiology Market Value Forecast, by Specialty, 2017–2030
15.5.1. Cardiology
15.5.2. Neurology
15.5.3. Oncology
15.5.4. Musculoskeletal
15.5.5. Gastroenterology
15.5.6. Others
15.6. Latin America Teleradiology Market Value Forecast, by End-user, 2017–2030
15.6.1. Hospitals
15.6.2. Diagnostic Imaging Centers
15.6.3. Ambulatory Surgical Centers
15.6.4. Clinics
15.6.5. Others
15.7. Latin America Teleradiology Market Value Forecast, by Country/Sub-region, 2017–2030
15.7.1. Brazil
15.7.2. Mexico
15.7.3. Rest of Latin America
15.8. Latin America Teleradiology Market Attractiveness Analysis
15.8.1. By Type of Service
15.8.2. By Modality
15.8.3. By Coverage
15.8.4. By Specialty
15.8.5. By End-user
15.8.6. By Country/Sub-region
16. Middle East & Africa Teleradiology Market Analysis and Forecast
16.1. Introduction
16.1.1. Key Findings
16.2. Middle East & Africa Teleradiology Market Value Forecast, by Type of Service, 2017–2030
16.2.1. General Reporting
16.2.2. Consultation
16.2.3. Auditing
16.2.4. Others
16.3. Middle East & Africa Teleradiology Market Value Forecast, by Modality, 2017–2030
16.3.1. X-ray
16.3.2. Ultrasound
16.3.3. Computer Tomography (CT)
16.3.4. Magnetic Resonance Imaging (MRI)
16.3.5. Nuclear Imaging
16.3.6. Others
16.4. Middle East & Africa Teleradiology Market Value Forecast, by Coverage, 2017–2030
16.4.1. Day Time Coverage
16.4.2. After Hours / Night Time Coverage
16.5. Middle East & Africa Teleradiology Market Value Forecast, by Specialty, 2017–2030
16.5.1. Cardiology
16.5.2. Neurology
16.5.3. Oncology
16.5.4. Musculoskeletal
16.5.5. Gastroenterology
16.5.6. Others
16.6. Middle East & Africa Teleradiology Market Value Forecast, by End-user, 2017–2030
16.6.1. Hospitals
16.6.2. Diagnostic Imaging Centers
16.6.3. Ambulatory Surgical Centers
16.6.4. Clinics
16.6.5. Others
16.7. Middle East & Africa Teleradiology Market Value Forecast, by Country/Sub-region, 2017–2030
16.7.1. GCC Countries
16.7.2. South Africa
16.7.3. Rest of Middle East & Africa
16.8. Middle East & Africa Teleradiology Market Attractiveness Analysis
16.8.1. By Type of Service
16.8.2. By Modality
16.8.3. By Coverage
16.8.4. By Specialty
16.8.5. By End-user
16.8.6. By Country/Sub-region
17. Competition Landscape
17.1. Market Player – Competition Matrix
17.2. Company Profiles
17.2.1. 4ways Healthcare Limited
17.2.1.1. Company Description
17.2.1.2. Business Overview
17.2.1.3. Financial Overview
17.2.1.4. Strategic Overview
17.2.1.5. SWOT Analysis
17.2.2. Africa Telerad Limited
17.2.2.1. Company Description
17.2.2.2. Business Overview
17.2.2.3. Financial Overview
17.2.2.4. Strategic Overview
17.2.2.5. SWOT Analysis
17.2.3. Euro American Teleradiology
17.2.3.1. Company Description
17.2.3.2. Business Overview
17.2.3.3. Financial Overview
17.2.3.4. Strategic Overview
17.2.3.5. SWOT Analysis
17.2.4. Medica Group plc
17.2.4.1. Company Description
17.2.4.2. Business Overview
17.2.4.3. Financial Overview
17.2.4.4. Strategic Overview
17.2.4.5. SWOT Analysis
17.2.5. Mednax Services, Inc.
17.2.5.1. Company Description
17.2.5.2. Business Overview
17.2.5.3. Financial Overview
17.2.5.4. Strategic Overview
17.2.5.5. SWOT Analysis
17.2.6. ONRAD, Inc.
17.2.6.1. Company Description
17.2.6.2. Business Overview
17.2.6.3. Financial Overview
17.2.6.4. Strategic Overview
17.2.6.5. SWOT Analysis
17.2.7. Real Radiology, LLC
17.2.7.1. Company Description
17.2.7.2. Business Overview
17.2.7.3. Financial Overview
17.2.7.4. Strategic Overview
17.2.7.5. SWOT Analysis
17.2.8. Specialty Teleradiology, Inc.
17.2.8.1. Company Description
17.2.8.2. Business Overview
17.2.8.3. Financial Overview
17.2.8.4. Strategic Overview
17.2.8.5. SWOT Analysis
17.2.9. StatRad (NucleusHealth)
17.2.9.1. Company Description
17.2.9.2. Business Overview
17.2.9.3. Financial Overview
17.2.9.4. Strategic Overview
17.2.9.5. SWOT Analysis
17.2.10. TeleConsult Europe (TCE)
17.2.10.1. Company Description
17.2.10.2. Business Overview
17.2.10.3. Financial Overview
17.2.10.4. Strategic Overview
17.2.10.5. SWOT Analysis
17.2.11. Telemedicine Clinic (UNILABS)
17.2.11.1. Company Description
17.2.11.2. Business Overview
17.2.11.3. Financial Overview
17.2.11.4. Strategic Overview
17.2.11.5. SWOT Analysis
17.2.12. Teleradiology Solutions
17.2.12.1. Company Description
17.2.12.2. Business Overview
17.2.12.3. Financial Overview
17.2.12.4. Strategic Overview
17.2.12.5. SWOT Analysis
17.2.13. USARAD Holdings, Inc.
17.2.13.1. Company Description
17.2.13.2. Business Overview
17.2.13.3. Financial Overview
17.2.13.4. Strategic Overview
17.2.13.5. SWOT Analysis
17.2.14. Other Players
Cross-segment Market Size and Analysis for
Mentioned Segments
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Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers