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Teleradiology Market Size, Share & Trends Analysis Report By Product (Ultrasound, MRI, CT, X-ray), By Region (North America, Asia Pacific, Europe, Middle East & Africa, Latin America), And Segment Forecasts, 2019 - 2026

Published: May, 2019 | Pages: 78 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)

The global teleradiology market size is estimated to reach USD 11.5 billion by 2026 registering a CAGR of 18.4%, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases, such as osteoporosis and arthritis, along with growing geriatric population are expected to drive the market. According to the WHO, 9.6% of men and 18% of women are suffering from various forms of arthritis, globally. Over 82% of people suffering from osteoarthritis have difficulty in movement and around 25% are not able to perform daily activities.

In addition, legislative amendments made by various governments worldwide for diagnostic imaging services will enhance the growth of this market during the forecast period. For instance, amendments in Australia’s Health Insurance Act 1973 for diagnostic imaging have enabled Medicare funding for these diagnostic imaging services since March 2008. This has allowed better access to diagnostic imaging for various conditions. North America was the major regional market in 2018 and accounted for 39.45% of the global share due to factors, such as higher amount of funding for R&D, patient awareness levels, and cancer prevalence.

The region is likely to expand further on account of favorable government initiatives for improving the healthcare facilities in rural areas and increased healthcare expenditure in this region are contributing to the market growth. Asia Pacific is expected to witness the fastest growth with a CAGR of 19.8% over the forecast period. Rising demand for innovative and advanced medical platforms coupled with rapidly growing healthcare infrastructure supports the fastest growth in this region. In addition, presence of target population and need for improved disease diagnosis are anticipated to drive the market in APAC.

Further key findings from the study suggest:

• X-ray held the largest market share in 2018 owing to its wide applications, such as in the detection of dental injuries and fractures in bones

• Growing demand for bedside imaging and core diagnostics and introduction of novel technologies are expected to further boost the segment growth

• CT scan is expected to witness the fastest growth from 2019 to 2026. Extensive usage, faster testing, high-resolution imaging capacity, and advent of new generation systems, such as 4D, are the factors responsible for the segment’s highest CAGR

• North America held the largest teleradiology market share in 2018 due to wide usage of advanced technologies and presence of key companies and established healthcare infrastructure in the region

• Asia Pacific is expected to be the fastest-growing region over the forecast period due to supportive government regulations for the expansion of teleradiology and quick adoption of new technologies

• Some of the prominent companies are 4ways Healthcare Ltd.; HealthWatch TeleDiagnostics Pvt. Ltd.; RamSoft, Inc.; Everlight Radiology; Virtual Radiologic; Agfa-Gevaert N.V.; ONARD; Teleradiology Solutions; and Global Diagnostics

• Most of these companies focus on expanding their product portfolios and entering in untapped markets, such as Asia Pacific
 Table Of Contents

Chapter 1. Research methodology
                   1.1. Market segmentation & scope
                   1.2. Market definition
                   1.3. Information procurement
                        1.3.1. Purchased database
                        1.3.2. GVR’s internal database
                        1.3.3. Secondary sources & third-party perspectives
                        1.3.4. Primary research
                   1.4. Information analysis
                        1.4.1. Data analysis models
                   1.5. Market formulation & data visualization
                   1.6. Data validation & publishing

Chapter 2. Executive summary
                   2.1. Teleradiology Market Outlook
                   2.2. Segment Outlook
                   2.3. Competitive Insights

Chapter 3. Global Teleradiology Market Variables, Trends & Scope
                   3.1. Penetration & Growth Prospects Mapping
                   3.2. Regulatory Framework
                        3.2.1. Reimbursement framework
                        3.2.2. Standards & Compliances
                   3.3. Teleradiology Market Dynamics
                        3.3.1. Teleradiology Market Driver Analysis
                             3.3.1.1. Increasing prevalence of target diseases
                                  3.3.1.1.1. Increasing prevalence of osteoarthritis and osteoporosis
                                  3.3.1.1.2. Increasing prevalence of cancer
                                  3.3.1.1.3. Rising prevalence of other diseases
                             3.3.1.2. Introduction of technologically advanced diagnostics
                             3.3.1.3. Growing base of geriatric population
                             3.3.1.4. Favorable regulatory initiatives
                                  3.3.1.4.1. Implementation of Picture Archiving and Communication System (PACS)
                                  3.3.1.4.2. Other drivers
                        3.3.2. Teleradiology Market Restraint Analysis
                             3.3.2.1. Lack of skilled professionals
                             3.3.2.2. Lack of security for data imaging
                   3.4. Global Teleradiology Market Analysis Tool
                        3.4.1. Industry Analysis - Porter’s
                             3.4.1.1. Supplier power (Low due to many manufacturers for teleradiology devices)
                             3.4.1.2. Buyer power (Moderate due to various manufacturers in the market)
                             3.4.1.3. Substitution threat (Moderate due to introduction of low priced teleservices)
                             3.4.1.4. New entrants threat (Moderate due to presence of international market players)
                             3.4.1.5. Competitive rivalry (High due to increasing acquisitions by players)
                        3.4.2. Teleradiology Market - SWOT by PEST Analysis
                             3.4.2.1. Political landscape
                             3.4.2.2. Economic landscape
                             3.4.2.3. Social landscape
                             3.4.2.4. Technology landscape
                             3.4.2.5. Legal landscape
                        3.4.3. Major Deals & Strategic Alliances Analysis 
                             3.4.3.1. Joint Ventures 
                             3.4.3.2. Mergers & Acquisitions 
                             3.4.3.3. Licensing & Partnership 
                             3.4.3.4. Technology Collaborations 
                             3.4.3.5. Strategic Divestments Company market share analysis

Chapter 4. Global Teleradiology Market - Competitive Analysis
                   4.1. Recent developments & impact analysis, by key market participants
                   4.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                   4.3. Vendor Landscape
                        4.3.1. List of key distributors and channel partners
                        4.3.2. Key company market share analysis, 2018
                   4.4. Public Companies
                        4.4.1. Company market position analysis (Revenue, geographic presence, product portfolio, key serviceable industries, key alliances)
                        4.4.2. Company Market Share
                        4.4.3. Competitive Dashboard Analysis 
                        4.4.4. Market Differentiators 
                   4.5. Private Companies
                        4.5.1. List of key emerging companies
                        4.5.2. Regional network map
                        4.5.3. Company market position analysis (geographic presence, product portfolio, key alliance, industry experience) 

Chapter 5. Global Teleradiology Market: Product Estimates & Trend Analysis
                   5.1. Definition & Scope
                   5.2. Product market share analysis, 2018 & 2026
                   5.3. Global Teleradiology Market, by Product, 2014 to 2026
                   5.4. Market Size & Forecasts and Trend Analyses, 2014 to 2026 for the following:
                        5.4.1. X-ray market
                             5.4.1.1. X-ray teleradiology market, 2014 - 2026 (USD Million)
                        5.4.2. Ultrasound
                             5.4.2.1. Ultrasound teleradiology market, 2014 - 2026 (USD Million)
                        5.4.3. Magnetic Resonance Imaging (MRI)
                             5.4.3.1. Magnetic Resonance Imaging (MRI) teleradiology market, 2014 - 2026 (USD Million)
                        5.4.4. Computed Tomography (CT)
                             5.4.4.1. Computed Tomography (CT) teleradiology market, 2014 - 2026 (USD Million)
                        5.4.5. Nuclear Imaging
                             5.4.5.1. Nuclear imaging teleradiology market, 2014 - 2026 (USD Million)

Chapter 6. Global Teleradiology Market: Regional Estimates & Trend Analysis, by Product
                   6.1. 5.1 Global Teleradiology Market: Regional Movement Analysis, 2018 & 2026
                   6.2. Global Teleradiology Market: Leading Players, 2018:
                        6.2.1. North America
                        6.2.2. Europe
                        6.2.3. Asia Pacific
                        6.2.4. Latin America
                        6.2.5. Middle East & Africa
                   6.3. SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
                        6.3.1. North America
                        6.3.2. Europe
                        6.3.3. Asia Pacific
                        6.3.4. Latin America
                        6.3.5. Middle East & Africa
                   6.4. North America
                        6.4.1. North America Teleradiology Market, 2014 - 2026 (USD Million)
                        6.4.2. U.S. Teleradiology Market
                             6.4.2.1. U.S. Teleradiology Market, 2014 - 2026 (USD Million)
                        6.4.3. Canada Teleradiology Market
                             6.4.3.1. Canada Teleradiology Market, 2014 - 2026 (USD Million)
                   6.5. Europe
                        6.5.1. Europe Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.2. Germany Teleradiology Market
                             6.5.2.1. Germany Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.3. U.K. Teleradiology Market
                             6.5.3.1. U.K. Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.4. Spain Teleradiology Market
                             6.5.4.1. Spain Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.5. France Teleradiology Market
                             6.5.5.1. France Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.6. Italy Teleradiology Market
                             6.5.6.1. Italy Teleradiology Market, 2014 - 2026 (USD Million)
                        6.5.7. Russia Teleradiology Market
                             6.5.7.1. Russia Teleradiology Market, 2014 - 2026 (USD Million)
                   6.6. Asia Pacific
                        6.6.1. Asia Pacific Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.2. Japan Teleradiology Market
                             6.6.2.1. Japan Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.3. China Teleradiology Market
                             6.6.3.1. China Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.4. India Teleradiology Market
                             6.6.4.1. India Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.5. South Korea Teleradiology Market
                             6.6.5.1. South Korea Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.6. Singapore Teleradiology Market
                             6.6.6.1. Singapore Teleradiology Market, 2014 - 2026 (USD Million)
                        6.6.7. Australia Teleradiology Market
                             6.6.7.1. Australia Teleradiology Market, 2014 - 2026 (USD Million)
                   6.7. Latin America
                        6.7.1. Latin America Teleradiology Market, 2014 - 2026 (USD Million)
                        6.7.2. Brazil Teleradiology Market
                             6.7.2.1. Brazil Teleradiology Market, 2014 - 2026 (USD Million)
                        6.7.3. Mexico Teleradiology Market
                             6.7.3.1. Mexico Teleradiology Market, 2014 - 2026 (USD Million)
                        6.7.4. Argentina Teleradiology Market
                             6.7.4.1. Argentina Teleradiology Market, 2014 - 2026 (USD Million)
                   6.8. MEA
                        6.8.1. MEA Teleradiology Market, 2014 - 2026 (USD Million)
                        6.8.2. South Africa Teleradiology Market
                             6.8.2.1. South Africa Teleradiology Market, 2014 - 2026 (USD Million)
                        6.8.3. UAE Teleradiology Market
                             6.8.3.1. UAE Teleradiology Market, 2014 - 2026 (USD Million)
                        6.8.4. Saudi Arabia Teleradiology Market
                             6.8.4.1. Saudi Arabia Teleradiology Market, 2014 - 2026 (USD Million)

Chapter 7. Competitive Landscape
                   7.1. Strategy Framework
                   7.2. Company Profiles
                        7.2.1. Virtual Radiologic (vRad)
                             7.2.1.1. Company overview
                             7.2.1.2. Financial performance
                             7.2.1.3. Product benchmarking
                             7.2.1.4. Strategic initiatives
                        7.2.2. Agfa-Gevaert Group
                             7.2.2.1. Company overview
                             7.2.2.2. Financial performance
                             7.2.2.3. Product benchmarking
                             7.2.2.4. Strategic initiatives
                        7.2.3. ONRAD, Inc.
                             7.2.3.1. Company overview
                             7.2.3.2. Financial performance
                             7.2.3.3. Product benchmarking
                             7.2.3.4. Strategic initiatives
                        7.2.4. Global Diagnostics
                             7.2.4.1. Company overview
                             7.2.4.2. Financial performance
                             7.2.4.3. Product benchmarking
                        7.2.5. Everlight Radiology
                             7.2.5.1. Company overview
                             7.2.5.2. Financial performance
                             7.2.5.3. Product benchmarking
                             7.2.5.4. Strategic initiatives
                        7.2.6. Cybernet Medical Corporation
                             7.2.6.1. Company overview
                             7.2.6.2. Financial performance
                             7.2.6.3. Product benchmarking
                             7.2.6.4. Strategic initiatives
                        7.2.7. 4ways Healthcare Ltd.
                             7.2.7.1. Company overview
                             7.2.7.2. Financial performance
                             7.2.7.3. Product benchmarking
                             7.2.7.4. Strategic initiatives
                        7.2.8. RamSoft, Inc.
                             7.2.8.1. Company overview
                             7.2.8.2. Financial performance
                             7.2.8.3. Product benchmarking
                             7.2.8.4. Strategic initiatives
                        7.2.9. USARAD Holdings, Inc.
                             7.2.9.1. Company overview
                             7.2.9.2. Financial performance
                             7.2.9.3. Product benchmarking
                             7.2.9.4. Strategic initiatives
                        7.2.10. HealthWatch TeleDiagnostics Pvt. Ltd.
                             7.2.10.1. Company overview
                             7.2.10.2. Financial performance
                             7.2.10.3. Product benchmarking
                             7.2.10.4. Strategic initiatives
List of Tables

TABLE 1 Factors used in segment share estimation
TABLE 2 Teleradiology - Key market driver analysis
TABLE 3 Global cancer prevalence, 2018
TABLE 4 North America cancer prevalence, 2018
TABLE 5 Europe cancer prevalence, 2018
TABLE 6 Asia cancer prevalence, 2018
TABLE 7 Africa cancer prevalence, 2018
TABLE 8 North America teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 9 U.S. teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 10 Canada teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 11 Europe teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 12 U.K. teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 13 Germany teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 14 Spain teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 15 France teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 16 Italy teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 17 Russia teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 18 Asia Pacific teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 19 Japan teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 20 China teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 21 India teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 22 South Korea teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 23 Singapore teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 24 Australia teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 25 Latin America teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 26 Brazil teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 27 Mexico teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 28 Argentina teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 29 MEA teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 30 South Africa teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 31 UAE teleradiology market, by product, 2014 - 2026 (USD Million)
TABLE 32 Saudi Arabia teleradiology market, by product, 2014 - 2026 (USD Million)

List of Figures

FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Value chain based sizing & forecasting
FIG. 4 QFD modeling for market share assessment
FIG. 5 Market summary
FIG. 6 Market segmentation & scope
FIG. 7 Global teleradiology market, 2014 - 2026 (USD Million)
FIG. 8 Usage rate of medical imaging
FIG. 9 Teleradiology: Market dynamics
FIG. 10 Comparison of obese and normal people prone to osteoarthritis at various joints, %
FIG. 11 Global increase in osteoporosis cases, 1950 - 2050 (Million)
FIG. 12 Global percentage of geriatric population, by age group, 2000 & 2050
FIG. 13 Regional breakdown of geriatric population over the age of 65 years, by region, 2010 & 2050
FIG. 14 PACS process steps
FIG. 15 Teleradiology- Key market restraint analysis
FIG. 16 Teleradiology market - Porter’s Five Forces Analysis
FIG. 17 Teleradiology key opportunities prioritized
FIG. 18 Teleradiology market - SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 19 Teleradiology market product outlook key takeaways 
FIG. 20 Teleradiology market: Product movement analysis
FIG. 21 X-ray teleradiology market, 2014 - 2026 (USD Million)
FIG. 22 Ultrasound teleradiology market, 2014 - 2026 (USD Million)
FIG. 23 MRI teleradiology market, 2014 - 2026 (USD Million)
FIG. 24 CT teleradiology market, 2014 - 2026 (USD Million)
FIG. 25 Nuclear imaging teleradiology market, 2014 - 2026 (USD Million)
FIG. 26 Teleradiology market: Regional market place: Key takeaways
FIG. 27 Teleradiology market: Regional movement analysis
FIG. 28 North America teleradiology market, 2014 - 2026 (USD Million)
FIG. 29 U.S teleradiology market, 2014 - 2026 (USD Million)
FIG. 30 Canada teleradiology market, 2014 - 2026 (USD Million)
FIG. 31 Europe teleradiology market, 2014 - 2026 (USD Million)
FIG. 32 U.K. teleradiology market, 2014 - 2026 (USD Million)
FIG. 33 Germany teleradiology market, 2014 - 2026 (USD Million)
FIG. 34 Spain teleradiology market, 2014 - 2026 (USD Million)
FIG. 35 France teleradiology market, 2014 - 2026 (USD Million)
FIG. 36 Italy teleradiology market, 2014 - 2026 (USD Million)
FIG. 37 Russia teleradiology market, 2014 - 2026 (USD Million)
FIG. 38 Asia Pacific teleradiology market, 2014 - 2026 (USD Million)
FIG. 39 Japan teleradiology market, 2014 - 2026 (USD Million)
FIG. 40 China teleradiology market, 2014 - 2026 (USD Million)
FIG. 41 India teleradiology market, 2014 - 2026 (USD Million)
FIG. 42 South Korea teleradiology market, 2014 - 2026 (USD Million)
FIG. 43 Singapore teleradiology market, 2014 - 2026 (USD Million)
FIG. 44 Australia teleradiology market, 2014 - 2026 (USD Million)
FIG. 45 Latin America teleradiology market, 2014 - 2026 (USD Million)
FIG. 46 Brazil teleradiology market, 2014 - 2026 (USD Million)
FIG. 47 Mexico teleradiology market, 2014 - 2026 (USD Million)
FIG. 48 Argentina teleradiology market, 2014 - 2026 (USD Million)
FIG. 49 MEA teleradiology market, 2014 - 2026 (USD Million)
FIG. 50 South Africa teleradiology market, 2014 - 2026 (USD Million)
FIG. 51 UAE teleradiology market, 2014 - 2026 (USD Million)
FIG. 52 Saudi Arabia teleradiology market, 2014 - 2026 (USD Million) 



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