Teleradiology Services Market To Reach $ 19.7 Billion By 2031, TMR Report Says Increased Telemedicine Adoption Amid COVID-19 Fuels Market Expansion

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ALBANY, NY, October 6, 2021 / PRNewswire / – Teleradiology refers to the electronic transmission of x-ray images from one location to another for the purpose of obtaining a rapid diagnosis and / or consultation, required for patients with medical conditions reviews.

Consulting, general reporting and auditing are some of the services included in the global teleradiology services market.

Transparency Market Research (TMR) analysts predict that the global teleradiology services market will pass the $ 19.7 billion valuation by 2031.

Teleradiology Services Market: Key Findings

  • Growth in use of specialized modalities creates lucrative avenues in the market

Healthcare professionals around the world are increasingly using a variety of modalities, including computed tomography, MRI and ultrasound, due to several advantages of these technologies, such as advanced detection and visibility of cancers, tumors and soft tissue. The growing demand for specialized modalities increases the need for specialized radiologists able to interpret complex imaging assessments.

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  • Rising demand for out-of-hours reports drives sales in the market

Patients facing emergency situations such as trauma or possible serious injuries (neurologically related) need a quick and accurate diagnosis. Players in the teleradiology services market are focused on providing a team of doubly qualified radiologists capable of providing acute reporting services outside of working hours.

Teleradiology services market: growth drivers

  • With significant growth in the demand for diagnostic imaging services relative to the supply, there is an increased need to outsource the diagnostic reporting workload. This factor creates tremendous avenues for the expansion of the global teleradiology services market.
  • With the emergence of the COVID-19 pandemic, people around the world are increasingly inclined to consult online. The increased adoption of telemedicine is expected to boost expansion opportunities in the global teleradiology services market in the coming years.

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  • Healthcare organizations in many developed countries are increasingly focusing on helping external national teleradiology service providers. This factor creates demand for teleradiology service providers across the world.
  • Increasing demand for accurate diagnosis of radiological procedures including MRI and CT scan is expected to drive the expansion of the global teleradiology services market in the coming years.
  • Many developed countries around the world are facing the problem of shortage of radiologists, which has impacted service delivery and hospital care in parts of these countries. Due to limitations in on-site staffing, healthcare organizations in these countries send several scans off-site for analysis. This scenario works as one of the major drivers of the teleradiology services market.

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Teleradiology Services Market: Competition Landscape

  • The presence of numerous players in the global teleradiology services market indicates an intense level of competition.
  • The main market players are increasingly involved in various strategic initiatives such as the development of new services, acquisitions, collaboration agreements and regulatory approvals. In addition, many players are strategizing their trade movements for regional expansion. These strategies are expected to help them to strengthen their business and thereby expand the global teleradiology services market in the years to come.

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Teleradiology services market: key players

The report profiles some of the major players operating in the Teleradiology Services market. Thus, the research document provides all the crucial information such as company overview, financial overview, product portfolio, recent developments and business strategies of all players presented in the market.

Some of the major players in the Teleradiology Services Market are:

  • Africa Telerad Limited
  • 4ways Healthcare Limited
  • Medica Group plc
  • Euro-American Teleradiology
  • ONRAD, Inc.
  • Mednax Services, Inc.
  • Specialized Teleradiology, Inc.
  • Real Radiology, LLC
  • TeleConsult Europe (TCE)
  • StatRad (NucleusHealth)
  • Teleradiology solutions
  • Telemedicine clinic (UNILABS)
  • USARAD Holdings, Inc.

Global Teleradiology Services Market: Segmentation

  • Teleradiology Services Market, By Service Type
    • General reports
    • Consultation
    • Audit
    • Others
  • Teleradiology services market, by modality
    • X-ray
    • Ultrasound
    • Computer tomography (CT)
    • Magnetic resonance imaging (MRI)
    • Nuclear imaging
    • Others
  • Teleradiology Services Market, By Coverage
    • Day cover
    • Coverage after hours / night
  • Teleradiology services market, by specialty
    • Cardiology
    • Neurology
    • Oncology
    • Musculoskeletal
    • Gastroenterology
    • Others
  • Teleradiology Services Market, By End User
    • Hospitals
    • Diagnostic imaging centers
    • Outpatient surgical centers
    • Clinics
    • Others
  • Teleradiology Services Market, By Region
    • North America
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC countries
      • South Africa
      • Rest of Middle East & Africa

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