Global Teleradiology Market to Touch USD 4.75 Billion by End of 2022
Global Teleradiology Market to touch USD 4.75 billion by end of 2022
Sarasota, FL -- (SBWire) -- 12/07/2018 --Some of the major companies in teleradiology market comprise Agfa-Gevaert Group, Virtual Radiologic, Global Diagnostics Ltd., ONRAD, Inc., 4ways Healthcare Limited, Everlight Radiology, Sectra AB, RamSoft, Inc., and HealthWatch TeleDiagnostics Pvt. Ltd. among others. These players are set to bolster the development of teleradiology market.
As per the analysts at Zion Market Research, global teleradiology market was capitalized at almost USD 1.91 Billion in 2016 and is likely to create income of almost USD 4.75 Billion by end of 2022, developing at a CAGR of almost 16.5% from 2017 to 2022.
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Technological Advancements In Teleradiology All Over The World To Empower The Global Teleradiology Market
"Global teleradiology market is majorly boosted by technological advancements in teleradiology all over the world," claim analysts at Zion Market Research. Other major boosting factors are rising geriatric population base and elevation in healthcare expenditure paired with elevated occurrence of chronic disorders. On the other hand, high technology paired with a possible lack of skilled technicians & radiologists are the major hindering factors that may hamper the development of teleradiology market. Nevertheless, high rates of penetration by Internet & smartphones paired with elevated healthcare awareness amongst patients all over the world are expected to reveal the new growth opportunities for teleradiology market in the forecast period.
In addition to this, various government initiatives will also support to the development of global teleradiology market. For instance, in May 2018, Maharashtra Government roped in private companies for development in teleradiology. This boosted the growth of global teleradiology market.
Software Sector To Dominate The Teleradiology Market In The Near Future
On the basis of, the teleradiology market is classified into category type as software, hardware, and telecom & networking. Software sector is likely to develop in the teleradiology market at the quickest rate in the near future. On the basis of modality type, the teleradiology market is divided into CT (computed tomography), X-ray, ultrasound, MRI (magnetic resonance imaging), fluoroscopy, and nuclear imaging.
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North America Expected To Stay Dominating Area In The Teleradiology Market In The Years To Come
Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regional sectors of global teleradiology market. North America is expected to stay the ruling area in the teleradiology market in the years to come. Demand for teleradiology was uppermost in North America particularly in the U.S., boosting the teleradiology market. Europe was the second biggest market chased by Asia Pacific. Asia Pacific is likely to be developing at highest CAGR in the years to come for the teleradiology market. In addition to this, Latin America and the Middle East & Africa are also likely to exhibit perceptible development for teleradiology market in the coming years.
The global teleradiology market is segmented as follows:
Telecom and networking
Computed tomography (CT)
Magnetic resonance imaging (MRI)
The Middle East and Africa
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