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Teleradiology Market Analysis By Product (X-ray, Computed Tomography, Ultrasound, Nuclear Imaging, Magnetic Resonance Imaging) And Segment Forecasts To 2024

Published: Mar 1, 2013 | Pages: 82 | Publisher: Grand View Research | Industry: Healthcare | Report Format: Electronic (PDF)

The global teleradiology market is expected to reach over USD 8.24 billion by 2024 according to a new report by Grand View Research, Inc. The introduction of technology-enabled, accurate, and real-time medical imaging devices favor their application in hospitals, particularly for emergency cases. Moreover, new digital technology systems facilitate the timely intervention of specialists from different locations for critical cases. The rising base of geriatric population coupled with the increasing prevalence of diseases, such as bone injuries, cancer, and dental problems, drives the need for medical imaging systems. This is expected to have a positive impact on the teleradiology market. 

In rural areas, there is a dearth of specialized radiologists in hospitals and majority of the hospitals lack adequate access to the latest medical facilities; hence, these areas serve as a huge base of untapped opportunities. The increasing government initiatives to encourage the use of teleradiology in clinics and hospitals in emergency situations are expected to augment the growth of the teleradiology market. 

Benefits associated with teleradiology are the factors likely to accelerate the market growth over the forecast period. One of the most crucial benefits of teleradiology is getting a spur-of-the-moment, second consultative opinion for critical cases with high-resolution images, which can be sent across the globe to reputed domain-specialists in radiology, thus facilitating a good connectivity among radiologists worldwide. Furthermore, outsourcing of radiology services can be done for small-scale hospitals or hospitals in under-served communities, where the interpretation of reports can be obtained as and when required. 

Further key findings from the study suggest:

The x-ray segment dominated the market in 2015 due to its wide range of applications, such as the detection of fractures in bones or dental injuries and the increasing demand for core diagnostics and bedside imaging. In 2015, this segment occupied over 30.0 % of the revenue share.

The teleradiology-based CT scan is the fastest growing segment and is expected to grow at a CAGR of over 20.0% over the forecast period. Its lucrative growth is attributed to the teleradiology-associated advantages, which include a high-resolution imaging capacity, a faster testing rate, high usage rates, and the introduction of new generation models, such as 3D and 4D.

In 2015,North America dominated the teleradiology market owing to the existence of an advanced healthcare IT, the introduction of high-speed connections, and high penetration rates of new technologies

Supportive government regulations for the expansion of teleradiology and faster technology adoption in Asia Pacific are expected to drive the demand for teleradiology over the forecast period

Key players include Agfa-Gevaert N.V., Virtual Radiologic (vRAD), ONARD, Everlight Radiology,Global Diagnostics, 4ways Healthcare Ltd., Spectra AB, Health Watch Tele Diagnostics Pvt. Ltd., and RamSoft, Inc.

In an attempt to register significant growth, market players adopted several strategies such as geographic expansions, partnerships, new product development, and acquisitions. For instance, in April 2016, Agfa Healthcare signed an agreement with Derby Teaching Hospitals to implement its ORBIS ICU manager service. 
 Table of Contents

Chapter 1. Methodology and Scope
                     1.1. Research Methodology
                     1.2. Research Scope & Assumptions
                     1.3. List of Data Sources
Chapter 2. Executive Summary
                     2.1. Teleradiology Market-Industry Snapshot and Key Buying Criteria, 2015
Chapter 3. Teleradiology Industry Outlook
                     3.1. Teleradiology Market Segmentation
                     3.2. Teleradiology Market Size and Growth Outlook
                     3.3. Teleradiology Market Dynamics
                        3.3.1. Market Driver Estimates
                              3.3.1.1. Newly Engineered Digital Technology
                              3.3.1.2. Rising Healthcare Expenditure 
                              3.3.1.3. Emergency needs
                        3.3.2. Market Restraint Estimates
                              3.3.2.1. Lack of skilled Professionals 
                              3.3.2.2. Lack of Security for Data Imaging
                     3.4. Market Estimates - Porter's 
                     3.5. Teleradiology Market PESTEL Estimates, 2015
Chapter 4. Teleradiology Product Outlook
                     4.1. Teleradiology Market Share by Product, 2015 & 2024
                     4.2. Computed Tomography
                        4.2.1. Computed Tomography Market Estimates and Forecasts, 2013 - 2024
                     4.3. X-Ray
                        4.3.1. X-Ray Market Estimates and Forecasts, 2013- 2024
                     4.4. Ultrasound
                        4.4.1. Ultrasound Market Estimates and Forecasts,2013 - 2024
                     4.5. Magnetic Resonance Imaging 
                        4.5.1. Magnetic Resonance Market Estimates and Forecasts,2013 - 2024
                     4.6. Nuclear Imaging 
                        4.6.1. Nuclear Imaging Market Estimates and Forecasts,2013 - 2024
Chapter 5. Teleradiology Regional Outlook
                     5.1. Teleradiology Market Share By Region, 2015 & 2024
                     5.2. North America
                        5.2.1. North America Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
                              5.2.1.1. U.S. Market Estimates and Forecasts 
                              5.2.1.2. Canada Market Estimates and Forecasts 
                     5.3. Europe
                        5.3.1. Europe Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
                              5.3.1.1. Germany Market Estimates and Forecasts 
                              5.3.1.2. UK Market Estimates and Forecasts 
                     5.4. Asia Pacific
                        5.4.1. Asia Pacific Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
                              5.4.1.1. China Market Estimates and Forecasts
                              5.4.1.2. Japan Market Estimates and Forecasts
                        5.4.2. Latin America
                        5.4.3. Latin America Market Estimates and Forecasts, by Product, 2013- 2024 (USD Million)
                              5.4.3.1. Brazil Estimates and Forecasts
                     5.5. MEA
                        5.5.1. MEA Market Estimates and Forecasts, by Product, 2013 - 2024 (USD Million)
                              5.5.1.1. South Africa Estimates and Forecasts
Chapter 6. Competitive Landscape 
                     6.1. Virtual Radiology (vRAD)
                        6.1.1. Company Overview
                        6.1.2. Financial Performance
                        6.1.3. Product Benchmarking
                        6.1.4. Strategic Initiatives
                     6.2. Agfa-Gevaert N.V.
                        6.2.1. Company Overview
                        6.2.2. Financial Performance
                        6.2.3. Product Benchmarking
                        6.2.4. Strategic Initiatives
                     6.3. ONRAD
                        6.3.1. Company Overview
                        6.3.2. Financial Performance
                        6.3.3. Product Benchmarking
                        6.3.4. Strategic Initiatives
                     6.4. Global Diagnostics
                        6.4.1. Company Overview
                        6.4.2. Financial Performance
                        6.4.3. Product Benchmarking
                        6.4.4. Strategic Initiatives
                     6.5. Everlight Radiology
                        6.5.1. Company Overview
                        6.5.2. Financial Performance
                        6.5.3. Product Benchmarking
                        6.5.4. Strategic Initiatives
                     6.6. Cybernet Medical Corporation
                        6.6.1. Company Overview
                        6.6.2. Financial Performance
                        6.6.3. Product Benchmarking
                        6.6.4. Strategic Initiatives
                     6.7. 4ways Healthcare Limited
                        6.7.1. Company Overview
                        6.7.2. Financial Performance
                        6.7.3. Product Benchmarking
                        6.7.4. Strategic Initiatives
                     6.8. RamSoft, Inc.
                        6.8.1. Company Overview
                        6.8.2. Financial Performance
                        6.8.3. Product Benchmarking
                        6.8.4. Strategic Initiatives
                     6.9. Spectra AB
                        6.9.1. Company Overview
                        6.9.2. Financial Performance
                        6.9.3. Product Benchmarking
                        6.9.4. Strategic Initiatives
                     6.10. Telediagnostics Services Pvt. Ltd.
                        6.10.1. Company Overview
                        6.10.2. Financial Performance
                        6.10.3. Product Benchmarking
                        6.10.4. Strategic Initiatives
List of Tables

TABLE 1 Teleradiology market, - Industry Summary & Critical Success Factors (CSFs)
TABLE 2 Teleradiology market, by product, 2013 - 2024 (USD million)
TABLE 3 Teleradiology market, by region, 2013 - 2024 (USD million)
TABLE 4 Teleradiology Market, - Key market driver analysis
TABLE 5 Teleradiology Market, - Key market restraint analysis
TABLE 6 North America market, by product, 2013 - 2024 (USD million)
TABLE 7 U.S. market, by product, 2013 - 2024 (USD million)
TABLE 8 Canada market, by product, 2013 - 2024 (USD million)
TABLE 9 Europe market, by product, 2013 - 2024 (USD million)
TABLE 10 UK market, by product, 2013 - 2024 (USD million)
TABLE 11 Germany market, by product, 2013 - 2024 (USD million)
TABLE 12 Asia Pacific market, by product, 2013 - 2024 (USD million)
TABLE 13 Japan market, by product, 2013 - 2024 (USD million)
TABLE 14 China market, by product, 2013 - 2024 (USD million)
TABLE 15 Latin America market, by product, 2013 - 2024 (USD million)
TABLE 16 Brazil market, by product, 2013 - 2024 (USD million)
TABLE 17 MEA market, by product, 2013 - 2024 (USD million)
TABLE 18 South Africa market, by product, 2013 - 2024 (USD million) 


List of Figures

FIG. 1 Teleradiology Market : Market Segmentation
FIG. 2 Teleradiology Market Revenue, 2013 - 2024 (USD million)
FIG. 3 Teleradiology Market Dynamics
FIG. 4 Key Opportunities Prioritized
FIG. 5 Teleradiology Market - Porter's Analysis
FIG. 6 Teleradiology Market - PESTEL Analysis
FIG. 7 Teleradiology revenue share by product, 2015 & 2024 (USD million)
FIG. 8 Global X-ray market, 2013 - 2024 (USD Million)
FIG. 9 Global Ultrasound market, 2013 - 2024 (USD Million)
FIG. 10 Global CT market, 2013 - 2024 (USD Million)
FIG. 11 Global Nuclear Imaging market, 2013 - 2024 (USD Million)
FIG. 12 Global MRI market, 2013 - 2024 (USD Million)
FIG. 13 Teleradiology revenue share by region, 2015 & 2024 (USD Million)
FIG. 14 North Americamarket, 2013 - 2024 (USD Million)
FIG. 15 U.S.market, 2013 - 2024 (USD Million)
FIG. 16 Canadamarket, 2013 - 2024 (USD Million)
FIG. 17 Europemarket, 2013 - 2024 (USD Million)
FIG. 18 UKmarket, 2013 - 2024 (USD Million)
FIG. 19 Germanymarket, 2013 - 2024 (USD Million)
FIG. 20 Asia Pacificmarket, 2013 - 2024 (USD Million)
FIG. 21 Japan market, 2013 - 2024 (USD Million)
FIG. 22 Chinamarket, 2013 - 2024 (USD Million)
FIG. 23 Latin Americamarket, 2013 - 2024 (USD Million)
FIG. 24 Brazil market, 2013 - 2024 (USD Million)
FIG. 25 MEAmarket, 2013 - 2024 (USD Million)
FIG. 26 South Africa market, 2013 - 2024 (USD Million)

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