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15.3% CAGR Growth to Be Achieved by Teleradiology Services Market – Focusing on Top Companies

Teleradiology is a branch of telemedicine which deal with image transfer from one location to another. The service enables radiologists to use online services to provide treatment and improve patient care remotely.


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neha wakode

12 days ago | 2 min read
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Teleradiology Services Market Analysis Overview:In a recent research report by Market Research Community, the Teleradiology Services Market is expected to surpass USD 19.78 Billion by the year 2028, from USD 7.30 Billion in 2021.

Teleradiology is a branch of telemedicine which deal with image transfer from one location to another. The service enables radiologists to use online services to provide treatment and improve patient care remotely.

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Top Key Players of the Teleradiology Services Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including Teleradiology Solutions, Real Radiology, SRL Diagnostics, USARAD Holdings Inc., Vital Radiology Services, Teleradiology Providers, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd, Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call LLC, ONRAD Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax Inc., Alta Vista TeleRadiology, Quality Nighthawk.

The application segment includes MRI, CT scan, X-ray, ultrasound, mammography, and nuclear imaging. MRI is growing at a significant rate due to its increasing applications in brain injury, blood vessel damage, and others. Moreover, MRI machine produces extremely clear and detailed image of soft tissues which in turn drives the IV equipment market.

By region, the teleradiology service market in Asia-Pacific is expected to grow at a significant rate in the forecast period. Improvements in healthcare systems, early disease diagnosis, and the growing medical tourism market in APAC countries are factors driving the teleradiology services market growth. Moreover, increasing government initiatives for modernizing the healthcare infrastructure are contributing to the growth of the market.

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The market is projected to grow at a significant pace reaching a CAGR of approximately 15.3 %, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally. 

On the Basis of Application:MRICT scanX-rayUltrasoundMammographyNuclear imaging

By End User:HospitalsDiagnostic Centers& Laboratories, Others

Regional Analysis:North America– (U.S., Canada, Mexico)Europe- (Germany, France,U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)Asia Pacific- (China, Japan,India, South Korea, Australia, ASEAN, Rest of Asia Pacific)Latin America- (Brazil, Argentina,Chile, Rest of Latin America)Middle East andAfrica- (GCC,Turkey, Israel, Rest of MEA)

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The study is consolidated into major segments and further into sub-segments, such as by Product & Service (Hardware, Software), by Imaging Technique (MRI, CT scan, X-ray, Ultrasound, Mammography, Nuclear Imaging), End-Use (Hospitals, Diagnostic Centers& Laboratories, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.       

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