Teleradiology Market Objectives of the Study Includes Research Methodology and Assumptions and Forecast

University College London, published an article in July, 2022, where it mentioned that 5 Million CT scans are performed every year in the United Nations. The number of CT scans done annually are more than 80 Million.

CT scanning signifies a quarter of Americans’ total exhibition to radiation.  You require high knowledge of technical skill and expertise to handle advanced and sophisticated diagnostic images systems, that will hike the growth in the market with minimum of resources.

The acceptance of Tele-radiology solutions has significantly helped bridge the gap between rural and urban companies and countries that includes Brazil and India along with developed economies like the US, Germany and UK.

The advancement and adoption of Radiology is efficient and cost-effective as it puts an end on the need for travel because now the radiologists can work from anywhere.

Scarcity of qualified radiologists have further raised the demand for tele-radiology services. Tele-radiology enables the sharing of medical images.

Cybersecurity is taking measures to protect patient health information. There are legit obligations for healthcare providers to protect the confidentiality of patient information, which can contain some of the most intimate information about an individual.

Global Tele-Radiology Market- Overview

Tele-Radiology is an extended form of telemedicine that involves transmission of radiological images and related data from one location to another for consultation purposes.

It is a technology that has come out in light and has advanced so much in time due to the imbalance between availability and demand of diagnostic services.

This is assured that high demand for radiology services in countries such as the US, UK and Singapore were often unfulfilled because of the scarcity or shortage of technical and professionally skilled workers in Radiology.

In Singapore, there is shortage of radiologists for can do the night duty, while in the UK, a radiologist takes 21 days on an average to submit an MRI report.

All these challenges were met by Tele-radiology and thereby led to the growth of tele-based technologies and surge in demand for Tele-radiology techniques globally.

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Global Tele-Radiology Market- Forecast Period

The global Tele-radiology market accounts for $2,709 Million in 2022 and will reach $10,621 Million by 2025 with a CAGR of 18.4%.

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There is an increase in demand for radiological services due to commonness of chronic diseases such as congestive heart failure and Orthopedic injuries.

A significant increase in government expenditure on healthcare information (HCIT) sector and rise in focus of key players toward bringing innovation to digital diagnostics further fuels the market growth.

Major Players in the Global Tele-Radiology Market

• 4ways Healthcare Limited
• Agfa-Gevaret N.V
• Envision Healthcare Corporation
• InHealth
• ONRAD, Inc.
• TeleDiagnosys Services Pvt. Ltd.
• Euro American Tele Radiology
• Teleradiology Solutions
• Cybernet Medical Corporation

Market Segmentation of the Global Tele-Radiology Market

Segmentation on the basis of Technique

• X-rays
• Ultrasound
• Mammography
• Fluroscopy
• Computer Tomography (CT)
• Nuclear Imaging

Segmentation on the basis of Technology

• Software
• Hardware
• Telecom and Networking

Segmentation on the basis of End-Users

• Hospitals
• Diagnostic Surgical Centres
• Ambulatory Centres

Segmentation on the basis of Region

NORTH AMERICA (US, Mexico, Canada), EUROPE (Germany, UK, France, Italy, Russia, Spain), LAMEA, (South Africa, Saudi Arabia, Brazil, Turkey, Venezuela), ASIA- PACIFIC (Japan, India, China, Australia, South Korea)

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Impact of COVID-19 ON GLOBAL TELERADIOLOGY MARKET:

The outbreak of COVID-19, has made all medical practices get under immense pressure, and healthcare providers are dependent on Tele-radiology solutions.

Tele-radiology solutions also help to improve the efficiency of diagnostic imaging by simplifying and optimising radiology with reduced errors and correct readings.

As the battle against COVID-19 continues, there is a growing need to make tele-radiology solutions more common.

In radiology, the volumes have dropped drastically due to the cancellation or postponement of elective procedures.

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