Global Teleradiology Services Market is Projected to Reach $9.46 Billion by 2026

Global Teleradiology Services Market is Projected to Reach $9.46 Billion by 2026

PR Newswire

FREMONT, California, Feb. 7, 2019

FREMONT, California, Feb. 7, 2019 /PRNewswire/ --According to the recent market intelligence report by BIS Research, titled "Global Teleradiology Services Market - Analysis and Forecast, 2018-2026", the global teleradiology services market is projected to grow over $9.46 billion by 2026. The market is expected to grow with a significant compound annual growth rate (CAGR) of 15.06% between the years 2018 and 2026. The growth of the market is aided by the remarkable technological advancements and growth of teleradiology providers.


Browse 05 market Data Tables and 127 Figures spread through 179 Pages and in-depth TOC on 'Global Teleradiology Service Market'

Telemedicine was developed to bring healthcare services closer to the patients in urban as well as in rural areas. Telemedicine services include teleradiology, tele histopathology, and tele dermatology, among others. Remote consulting offers more options to patients and allows continued care at home where patient and physician play an active role in curing diseases. This service also facilitates shorter hospital stay, second-line support for various chronic diseases, and solves the problems occurring due to shortage of physicians in remote areas.

The U.S. telehealth market is growing at the double-digit growth rate owing to factors such as quality care at low-cost, no traveling cost, healthcare within the comfort of patient's home, access to treatment for patients living in remote areas. The enactment of Patient Protection and Affordable Care Act in March 2010 in the United States has increased the patient population base and the current shortage of physicians has led to the necessity of the development of newer technologies so as to improve patient adoption toward these services. Growing consumer interest and awareness about telehealth has further transformed the healthcare sector and given a boost to the global teleradiology market.

BIS Research Report:

The teleradiology services market has witnessed rapid average growth from 2015 to 2017. The growth has been primarily attributed to the rising incidence of cancer, growing number of diagnostic imaging centers, technological advancements in medical software, increasing awareness regarding early diagnosis and screening benefits, and growing governmental support and funding. The market is estimated to grow at a healthy rate due to the opportunities that lie in this domain, namely the rising demand for automated image analysis techniques and teleradiology services which are lower in cost as compared to onsite radiology image interpretation.

According to Pushplata Patel, Analyst at BIS Research, "North America is the leading contributor to the global teleradiology services market. It currently occupies approximately 36% of the overall teleradiology services market and is expected to grow with a double-digit CAGR of 15.86% during the forecast period, 2018-2026. The growth of the North America market is based on the substantial investments made by diagnostic imaging companies in the field of teleradiology services and new technological innovations."

Research Highlights:

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The BIS market intelligence report provides a multidimensional view of the global teleradiology services market in terms of the market size and growth potential. This research report aims at answering various aspects of the teleradiology market such as factors driving the market, threats that can inhibit the overall market growth, and the growth opportunities that are going to shape the trajectory of the market expansion.

This report is a meticulous compilation of research on the healthcare services companies in the teleradiology market ecosystem and draws upon insights from in-depth interviews with the eminent leaders of more than 30 leading companies, market participants, and vendors. The key players who have been contributing significantly to the teleradiology services market include RadNet, Inc., Envision Healthcare Corporation, MEDNAX Inc., Siemens Healthineers, Everlight Radiology Pty Ltd., 4ways Healthcare Limited, Global Diagnostics, Vision Radiology, Vital Radiology Services, USARAD Holdings, Inc., Argus Radiology, Foundation Radiology, Inc., ONRAD, Inc., and Teleradiology Solutions, among others.

Key questions answered in the report:

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About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

What distinguishes BIS Research from the rest of the players is that we don't simply provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

Bhavya Banga
BIS Research Inc.
FREMONT CA 94538-1686
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