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Teleradiology Services Market by Type of Service, Specialty & Forecast to 2030

The industry report on the ‘Teleradiology Services market’ performs a cautious examination of the current business environment and competitive landscape of the Teleradiology Services market.


New York, NY -- (SBWIRE) -- 06/17/2019 -- The latest report on the Teleradiology Services market closely surveys, examines and offers vital statistics on the Teleradiology Services market for the forecast period 2019 - 2030. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales. This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry.

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Market Industry Reports (MIR) has published a new report titled "Teleradiology Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." The global teleradiology services market was valued at over US$ 5.2 Bn in 2018 and is expected to grow at a double digit CAGR during the forecast period.

Significant driving forces shaping the future of the Teleradiology Services market for the forecast period 2019 - 2030 find a special mention in the study and are backed by a real-time statistics. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry's growth.

Lack of Skilled Professionals to Restrain Global Market
Lack of skilled professionals globally, is the major factor restraining the market. For instance according to Royal College of Radiologists, UK does not have enough radiologists to meet imaging and diagnostic demands in the NHS. Moreover, nearly all radiology departments in the UK stated that they had been unable to meet their diagnostic reporting requirements in 2016 within their radiology staff's contracted hours. This factor is likely to hamper the overall growth of the market during the forecast period.

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Key Players in the Market

- MEDNAX Services Inc.
- Envision Healthcare Corporation
- American Imaging Consultants
- ONRAD Inc.
- USARAD Holdings
- 4ways Healthcare Limited
- Argus Radiology
- Africa Telerad Limited
- Euro American Tele Radiology
- Teleconsult Europe

Trend of Outsourcing Radiology Services in Developed Countries
Developed countries extensively outsource radiology services to cost effective countries in Asia, to handle the bulk of radiology reporting requirements. These countries can work for a relatively fraction of cost which is profitable to the teleradiology service providers. Additionally, developing countries have well trained radiologists which helps to identify, classify, and quantify patterns in medical images and can effectively interpret results more accurately. All the above factors are anticipated to positively contribute to the growth of the global teleradiology services market.

Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period due to rising demand for innovative and advanced medical platforms coupled with swiftly improving healthcare infrastructure. Additionally, increasing preferences of major players for strategic expansion in the region and rise in awareness about teleradiology services among small scale health care facilities in the region is expected to present an attractive growth prospect for the market in the coming years.

Major points of Table of Content

- COMPANY PROFILES (Business Overview, Products & Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)

The enormously enhanced capacity of the internet and swift speed of communication have permitted a much extensive use of teleradiology. Healthcare facilities across the world are providing day-time reporting, for out of hours imaging services in other countries, with different time zones. Revolution in digital image processing technologies ensure effective image distribution across the various regions worldwide. Additionally, advancement in interventional radiology across the globe and upsurge in prevalence of chronic diseases such as cancer, arthritis and coronary heart diseases, are boosting the number of radiological procedures. Moreover, the necessity of time-saving interpretation of radiographs with quality is demanded in developed economies. In order to tackle the increasing demand for radiological procedures and comprehensive interpretation, teleradiology is being preferred by healthcare providers across the globe.

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