Rising Adoption of mHealth Technologies Changing the Face of Teleradiology Market, Global Revenues to Expand at CAGR of 16.9% from 2019 to 2027, Says TMR

Rising Adoption of mHealth Technologies Changing the Face of Teleradiology Market, Global Revenues to Expand at CAGR of 16.9% from 2019 to 2027, Says TMR

PR Newswire

ALBANY, N.Y., Sept. 1, 2020

- Rapid outsourcing of radiology services across numerous Asia Pacific countries renders high growth momentum to expansion of the teleradiology market during 2019 – 2027; Awareness of the benefits drives adoption of smart connected devices

- Adoption of teleradiology services becoming key to management of chronic diseases such as cancer in developing and developed nations

ALBANY, N.Y., Sept. 1, 2020 /PRNewswire/ -- Adoption of teleradiology services in healthcare systems is growing on the back of the increasing worldwide presence of an enabling internet and communication infrastructure. Additionally, well-trained radiologists help boost strides in digital image processing technologies, expanding the benefits to patient population.

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Analysts at TMR foresee North America to hold the sway in the global teleradiology market during 2019 – 2027, supported by constant advances in information technology.

Recognition of benefits of interventional radiology helps spur new revenue streams in the global teleradiology market. The global market was pegged at $2.6 Bn in 2018.

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Key Findings of Teleradiology Market Report

Explore 86 pages of top-notch research, incisive insights, and detailed country-level projections on Teleradiology Market (Modality - X-Ray, Ultrasound, Computed Tomography, Magnetic Resonance Imaging, and Nuclear Imaging) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/1132

Teleradiology Market: Key Driving Factors and Promising Avenues

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Teleradiology Market: Geographical Landscape

Regionally, North America is the leading regional market. Large presence of robust healthcare systems and lab infrastructure has accorded the region to be highly lucrative over the past few years. Strides being witnessed in internet infrastructure and focus of top players on expanding their radiology services in the region will help the regional market remain a key revenue generator during the assessment period.

Asia Pacific is expected to be the next hotspot of opportunities for teleradiology market stakeholders. Rise in demand for advanced radiology imaging procedures among worldwide patient population has nudged players to eye revenue streams in Asia Pacific countries, as the healthcare sector has made some big strides. A great deal of those strides are supported by investments made in IoT by private as well as public healthcare agencies in countries such as India, Japan, and China.

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Key Impediments to Teleradiology Market Stakeholders

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The Teleradiology Market can be segmented as follows:

Global Teleradiology Market, by Type

Global Teleradiology Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

X-ray Market: The X-ray market is estimated to progress at a modest CAGR of 5.5% throughout the forecast period. Companies are increasing their efficacy in services to customize the optimum pixel size for specific needs of OEMs within a reasonable short lead time. Sharper medical images and reduced self-heating are some of the key focus points that are driving R&D activities among companies.

Ultrasound Devices Market: The global ultrasound devices market was valued at US$ 6.5 Bn in 2017. It is anticipated to expand at a CAGR of 5.6% from 2018 to 2026. The diagnostic ultrasound segment dominates the global market. Rising prevalence of chronic diseases, technological advancements, increasing patient awareness and health care expenditure, and rising need for treatment of complex diseases are major factors driving the market.

Nuclear Imaging Services Market: Increase in geriatric population, rise in prevalence of chronic diseases such as cancer across the globe boost the growth of the global nuclear imaging services market. Moreover, the number of nuclear medicine procedures is anticipated to increase significantly in the near future.

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