Kenneth Research recently added a report on ‘Teleradiology Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Teleradiology Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The global Teleradiology Market was valued at USD 1636 million in 2016 and is projected to reach USD 9122.62 million by 2025, growing at a CAGR of 18.75% from 2017 to 2025.
Teleradiology is the transmission of radiological patient images, such as x-rays, CTs, and MRIs, from one location to another for the purposes of sharing studies with other radiologists and physicians. The market is growing due to increasing analytics and big data software implementation by major players and is expected to observe the same growing trend in market value till 2025.
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1. Market Drivers
1.1 Increasing Technological advancements
1.2 Growing investments in Healthcare sector
1.3 Emergency Needs
2. Market Restraints
2.1 Lack of IT technicians
2.2 Data Breach Risks
1. Global Teleradiology Market, by Product:
1.2 Magnetic Resonance Imaging (MRI)
1.3 Computed Tomography (CT)
1.5 Nuclear Radiology
1.6 Other Extraction Methods
2. Global Teleradiology Market, by Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
The major players in the market are as follows:
1. Virtual Radiology (vRAD)
2. Agfa-Gevaert N.V.
4. Global Diagnostics
5. Everlight Radiology
6. Cybernet Medical Corporation
7. 4ways Healthcare Limited
8. RamSoft, Inc.
9. Spectra AB
10. Telediagnostics Services Pvt. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Teleradiology Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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