Knowledge Sourcing Intelligence announces the publication of a report on the topic “Teleradiology Market - Forecasts from 2020 to 2026” to their offering.
The prime factor driving the market of the Teleradiology is the shortage of radiologist in certain countries is the major factor driving the market.
As per the report, the teleradiology market is projected to increase at a CAGR of 13.81% to reach US$9.049 billion in 2026 from US$3.658 billion in 2019.
Teleradiology refers to the ability to obtain images of one's body and transmission of these radiological patient images such as X-Ray's CT's and MRI's from one location to another for diagnostic, interpretational or consultive processes by radiologists. The application of teleradiology services has been widely implemented in hospitals, urgent care clinics and specialist imaging companies across the world.
Moreover, the growing need for Teleradiology services is due to a growing demand for specialized modalities such as MRI's, CT's which are expected to boost demand for specialist radiologists who are capable of interpreting complex examinations. This is in turn will augment demand for teleradiology services. Besides, widespread usage of cloud-based technology in IT has made the application of teleradiology services more convenient. Similarly, technological advancements will have a significant impact on the teleradiology market by providing high speed, workflow and decision support.
Moreover, Hospital and clinics are estimated to be the largest end-users of teleradiology services as hospital are moving towards the automation of patient records.
The CT scan and MRI segments are expected to dominate the market over the forecasted period owing to increasing. Further, the North American region possesses a significant market share due to the rising geriatric population, the prevalence of high chronic diseases, availability of a large number of diagnostic imaging procedures and growing awareness about Teleradiology and other related technological advancements in the region. Besides, the Asia Pacific region is estimated to be the fastest-growing region over the forecasted period owing to the rapid expansion of healthcare infrastructure and ever-growing need for healthcare facilities.
The coronavirus pandemic resulted in a nationwide shutdown and travel restrictions. The Covid-19 pandemic has increased the importance of people working from home. During the outbreak of the Covid-19 pandemic, the Teleradiology market witnessed an increase in demand for Teleradiology services. The augment in demand for Teleradiology services during the pandemic was primarily driven by the ability of Teleradiology providers to provide scalable and flexible quality reporting services which can respond to geography, time and other allied constraints.
As a part of the report, the major players operating in the Teleradiology Market, which have been covered, are Sectra AB, All-American Teleradiology, Everlight Radiology, StatRad, LLC,4ways Limited and Task Force Health Care.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/teleradiology-market
The analytical report has bifurcated the Teleradiology market on the following basis: