Vancouver,B.C., September 17, 2020 – The global Teleradiology Services Market is expected to reach USD 32.34 Billion by 2027, according to a new report by Emergen Research. The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis. Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry.
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The pandemic has disrupted the supply chain and raw material supplies, but it has increased the demand for the product in the healthcare industry. Due to the pandemic, the healthcare workers are under tremendous pressure, so they are seeking the help of the teleradiology services in order to analyze reports and diagnose the patients. Besides, the technology also helps to increase the efficiency of the imaging devices and reduces manual errors. The pandemic has led to the increased usage of telehealth and teleradiology. The issues of internet bandwidth in rural areas and less awareness among rural people regarding the authenticity of teleradiology services might act as a barrier.
The latest market intelligence report, titled ‘Global Teleradiology Services Market’, is intended to provide the target audience with the necessary information about the global Teleradiology Services industry.
Key Highlights of the Teleradiology Services Market Report:
- The Hospitals & clinics segment dominated the market with a share of 54.6% in 2019 due to the growing adoption of teleradiology services by the hospitals & Clinics. Due to the pandemic, there is a shortage of radiologists, which have led to the increasing adoption of diagnostic imaging procedures in order to maintain workflow and increase efficiency.
- The software segment is expected to experience the highest CAGR over the forecast period due to the growing demand for healthcare software to increase data transparency and improve patient outcomes.
- North America has the highest adoption rate in the market over the forecast period due to the presence of a technologically advanced healthcare structure.
- Key participants include Philips Healthcare, Teleradiology Solutions, USRAD Holdings, Inc., Everlight Radiology, MEDNAX, Inc., ONRAD, Inc., AGFA Healthcare, RAMSOFT, Inc., Telediagnostic Solutions PVT. LTD. and CARESTREAM HEALTH, Inc., among others.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Teleradiology Services market players.
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The research study presents an industry-wide summary of the Teleradiology Services market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Teleradiology Services7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Teleradiology Services market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
- Imaging Technique Outlook (Revenue, USD Billion; 2017-2027)
- Magnetic resonance imaging (MRI)
- Computed tomography (CT)
- End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Diagnostic Centers
- Hospitals & Clinics
- Products and Services Outlook (Revenue, USD Billion; 2017-2027)
- Teleradiology services
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Asia Pacific is expected to register the highest CAGR over the forecast period due to the increasing initiatives of the government to modernize the healthcare infrastructure and growing investments on the R & D for the production of advanced solutions.
The Teleradiology Services industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Teleradiology Services market? What is the anticipated market valuation of the Teleradiology Services industry by 2027?
- What are the key growth driving and restraining factors of the Teleradiology Services market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Teleradiology Services industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
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