The global Teleradiology Market size is estimated to reach
USD 11.5 billion by 2026 registering a CAGR of 18.4%, according to a new report
by Grand View Research, Inc. Rising prevalence of chronic diseases, such as
osteoporosis and arthritis, along with growing geriatric population are
expected to drive the market. According to the WHO, 9.6% of men and 18% of
women are suffering from various forms of arthritis, globally. Over 82% of
people suffering from osteoarthritis have difficulty in movement and around 25%
are not able to perform daily activities.
The region is likely to expand further on account of favorable government initiatives for improving the healthcare facilities in rural areas and increased healthcare expenditure in this region are contributing to the market growth. Asia Pacific is expected to witness the fastest growth with a CAGR of 19.8% over the forecast period. Rising demand for innovative and advanced medical platforms coupled with rapidly growing healthcare infrastructure supports the fastest growth in this region. In addition, presence of target population and need for improved disease diagnosis are anticipated to drive the market in APAC.
In addition, legislative amendments made by
various governments worldwide for diagnostic imaging services will enhance the
growth of this market during the forecast period. For instance, amendments in
Australia’s Health Insurance Act 1973 for diagnostic imaging have enabled
Medicare funding for these diagnostic imaging services since March 2008. This
has allowed better access to diagnostic imaging for various conditions. North
America was the major regional market in 2018 and accounted for 39.45% of the
global share due to factors, such as higher amount of funding for R&D,
patient awareness levels, and cancer prevalence.
The region is likely to expand further on account of favorable government initiatives for improving the healthcare facilities in rural areas and increased healthcare expenditure in this region are contributing to the market growth. Asia Pacific is expected to witness the fastest growth with a CAGR of 19.8% over the forecast period. Rising demand for innovative and advanced medical platforms coupled with rapidly growing healthcare infrastructure supports the fastest growth in this region. In addition, presence of target population and need for improved disease diagnosis are anticipated to drive the market in APAC.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/teleradiology-market
https://www.grandviewresearch.com/industry-analysis/teleradiology-market
Further key
findings from the study suggest:
- X-ray held the largest market share in 2018 owing to its wide
applications, such as in the detection of dental injuries and fractures in
bones
- Growing demand for bedside imaging and core diagnostics and
introduction of novel technologies are expected to further boost the
segment growth
- CT scan is expected to witness the fastest growth from 2019 to
2026. Extensive usage, faster testing, high-resolution imaging capacity,
and advent of new generation systems, such as 4D, are the factors
responsible for the segment’s highest CAGR
- North America held the largest teleradiology market share in 2018
due to wide usage of advanced technologies and presence of key companies
and established healthcare infrastructure in the region
- Asia Pacific is expected to be the fastest-growing region over the
forecast period due to supportive government regulations for the expansion
of teleradiology and quick adoption of new technologies
- Some of the prominent companies are 4ways Healthcare Ltd.;
HealthWatch TeleDiagnostics Pvt. Ltd.; RamSoft, Inc.; Everlight Radiology;
Virtual Radiologic; Agfa-Gevaert N.V.; ONARD; Teleradiology Solutions; and
Global Diagnostics
- Most of these companies focus on expanding their product portfolios
and entering in untapped markets, such as Asia Pacific
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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