22 Dec 2020
Teleradiology is defined as the practice of using network technology for the purpose of transmission of radiological patient images diagnosis such as x-rays, CTs and MRIs from one location to another for the purposes of sharing studies with other radiologists and physicians. Teleradiology improves patient care by allowing radiologists to provide services by removing the distance barrier and take care of the patient without actually having to be at the location of the patient. Hence, this is particularly important when a sub-specialist such as a MRI radiologist, neuroradiologist, pediatric radiologist, or musculoskeletal radiologist is needed during emergencies
Global Teleradiology Market is valued at USD 3.453 Billion in 2019 and expected to reach USD 8.024 Billion by 2026 with the CAGR of 12.80% over the forecast period.
The recent practice is becoming widely implemented by hospitals, urgent care clinics and specialist imaging companies. However, the reason for its increased implementation is because it addresses the lack of adequate staff to provide radiological coverage and the lack of expertise in this speciality. Recently, teleradiology was only used in emergencies with the introduction of the internet, this practice started to spread very fast. This is as easy to send images as it is to send emails that have attachments. These are now computer programs that are dedicated specifically to the transmission of radiological images. Here, the developments result in teleradiology turning into a significant medical practice and it continues to grow in importance.
The doctor may want to use teleradiology in order to collaborate and consult with other doctors who are in other locations that he may not be able to without the technology. These helps with diagnosis, and frequently helps with getting a second opinion and assist with symptom control. Many times, it might be the first opinion since there might not be a radiologist available in the hospital. Moreover, the process of teleradiology in essence is based on a fundamental triad; an image sending station, a transmission network and a image retrieval station that should have a high-quality display screen. As well, more recent technology innovations include the incorporation of cloud for redundancy and cost reduction mobile technologies for greater access and sophisticated teleradiology workflow that enhances radiologist productivity provide performance metrics and track quality.
Global Teleradiology Market Dynamics – The rapidly increasing prevalence of the long-term diseases and increasing emergency cases in the less developed section are expected to drive the growth of teleradiology market. Hence, the increasing incidence of chronic diseases such as breast cancer, cellulitis, and osteomyelitis and growing number of emergency cases in less developed regions are further expected to drive the market. According to the World Health Organization (WHO) in 2015, the research-based pharmaceutical industry is particularly economically active in production and R&D in certain countries. Globally, the production value of the pharmaceutical industry amounted to 997 billion more than 345 billion, the pharmaceutical industry accounted for 3.8% of the gross value added in manufacturing worldwide.
Global Teleradiology Market Regional Analysis – Geographically, North America held the largest market share is projected to maintain its dominance over the forecast years. Growing target population base, increasing prevalence of chronic diseases and presence of major market players are the major factors contributing to the region’s leading position. In addition, developed infrastructure, supportive government initiatives, and increasing demand for efficient teleradiology solutions are likely to drive the regional market. According to the World Health Organization (WHO) in 2016, the pharmaceutical industry United States share of global spending will increase from 461.7 billion to 645-675 billion in 2021.
Some major key players for Global Teleradiology Market are,
Fujifilm Medical Systems, Inc
Radiology Reporting Online (RRO)
Medical Reporting Ltd
Radisphere National Radiology Group, Inc
Sectra Imtec AB
Alta Vista Teleradiology
Cybernet Medical Corporation
Koninklijke Philips N.V
Siemens AG is a German multinational conglomerate company established in 1847 and headquartered in Berlin, Germany. Specialties in Electrification, Automation, Digitalization, Innovation, Solutions, Technology, Engineering, Manufacturing, Artificial Intelligence, Internet of Things, Cybersecurity, Infrastructure, and Mobility. Siemens had 385,000 Employees and a revenue of $94 Billion.
Everlight Radiology is a global radiology partner established in 2006 and headquartered in London, Greater London, NW1 3AX, United Kingdom. Specialties in Radiology, teleradiology, remote radiology, radiology reporting, after-hours radiology reporting, overnight radiology reporting, peer review, quality audits, Radiologist, Australia, Tele-radiology, New Zealand, United Kingdom, FRANZCR, FRCR, Report from Home, and Home Radiology. Everlight Radiology had 98 Employees and a revenue of $ 19 Million.
FUJIFILM Medical Systems U.S.A., Inc. headquartered in Lexington, Massachusetts and Specialties in Computed Radiography, Digital Radiography, Digital Mammography, Medical Informatics, Modality Solutions, Endoscopy, and Gastroenterology. FUJIFILM Medical Systems U.S.A., Inc had 31,844 Employees and a revenue of $ 8 Billion.
Teleradiology Solutions (TRS) established in 2002 and headquartered in Bangalore. Specialties in Subspecialty Teleradiology, Nighthawk Teleradiology, Tele 3D Image Reconstruction, and Quality Over-reads. Teleradiology Solutions (TRS) had 118 Employees.
GE Healthcare is an American multinational conglomerate established in 1892 and headquartered in Chicago, Illinois, United States. Specialties in Healthcare and Biotechnology. GE Healthcare has 56000 Employees and a revenue of $ 19 Billion.
MEDNAX is an American company established in 1979 and headquartered in Sunrise, Florida. Specialties in Neonatal Intensive Care, Anesthesiology, Maternal-Fetal Medicine, Pediatric Cardiology, Pediatric Intensive Care, Pediatric Emergency Medicine, Pediatric and OB/GYN Hospitalist, Hearing Screen Services, Radiology, Physician Services, and Teleradiology. Mednax had 11875 Employees and a revenue of $ 3 Billion.
Key Benefits for Global Teleradiology Market Reports–
Global Teleradiology Market report covers in depth historical and forecast analysis.
Global Teleradiology Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Teleradiology Market report helps to identify opportunities in market place.
Global Teleradiology Market report covers extensive analysis of emerging trends and competitive landscape.