30th March 2020 – The global
Teleradiology Market
size is expected to reach USD 8.2 billion by 2024, with a CAGR of over
19.1%. Teleradiology can be defined as the exercise of a radiologist
which interprets (reading) medical descriptions about those who are not
actually there in the place where the descriptions are generated.
Portable imaging companies, hospitals, imperative care facilities and
even few personal practices utilize teleradiology services.
Teleradiology services can reduce the patient worries by making it
achievable for radiologists to offer their services excepting the need
to be in the same place. In past few years, teleradiology was barely use
in emergency, owing to the internet; this exercise started spreading
very fast. Teleradiology makes it easy to remit images as it is to remit
emails that have attachment.
Computer programs are their which are
devoted exclusively to the spread of radiological pictures. All these
development end result in teleradiology service are turning into a
noteworthy medical exercise and it carries on rising over the forecast
period. Teleradiology services tend to link the breach between the
unwarranted requirement and supply of diagnostic services and
radiologists around the globe. Teleradiology services assist to transmit
radiological images such as MRIs, CTS and MRI from one place to a
different place for sharing the descriptive images among other
physicians and radiologist. By utilizing technologies such as, Internet,
cloud storage ,wide area network, local area network (LAN), telephone
lines, as well as voice recognition, image compression, and, advanced
graphics processing, teleradiology allows physicians to help their
patients from a distant place, in addition ion to which making ‘second
opinions ‘becomes much easier Electronic descriptive image transmission
in the digital set-up is done with the intention to consult or diagnose,
and the expansion and innovation in the area of digital imaging
technology is expected to fuel the growth of the global teleradiology
market over the forecast period.
Teleradiology generates the highest
revenue and is the most mature segment of the industry in the telehealth
technologies industry. Advancement in the field of digital technology
has transformed the teleradiology services into an effectual means to
transfer significant data about patients. Furthermore, technological
advancement is expected to propel the growth of the global teleradiology
market over the forecasted period. Increasing usage of cellular phones,
personal digital assistants, patient monitoring systems and other
wireless devices like mobile health services are expected to fuel the
growth of the global teleradiology market over the forecasted period.
Lack of security for imaging data coupled with the high cost of
technology is likely to negatively shape the global teleradiology market
over the forecast period. New developments in the field of global
teleradiology such as radiology information systems (RIS)) and picture
archiving and communication systems (PACS) is expected to open new
opportunity for the market over the forecasted period.
Obligation to subordinate the healthcare
expenditure has made the healthcare services provider to contract out
the analysis of radiology images to budding and low-cost countries. The
simplicity of entry for the new entrant in the teleradiology services
has resulted in an advanced competition in the market, with a greater
number of teleradiology service providers. Aforementioned factor is also
expected to drive the growth telerdiology market over the forecast
period. Increasing digitalization is also expected to help and improve
the teleradiology market over the forecast period.
On The basis of various imaging
modalities the global teleradiology market can be segregated into four
major parts such as, magnetic resonance imaging (MRI), computed
tomography (CT), nuclear imaging-ray and ultrasound. The X-ray section
of global teleradiology market has dominated the larger part of
teleradiology market in past few years. Moreover ultrasound imaging is
expected to witness more preference over Xray and MRI over the
forecasted period owing to fact as the patient is exposed to lesser
amount of radiation. CT scan imaging technology is also increasing owing
to fact as it allows more ability to detect abnormalities in the
pancreas, liver and others. Increasing number of healthcare institution
radiologic understanding of CT scans is also increasing. High costs
attached and Shortage of technical skill to MRI and nuclear imaging are
some of, the parts that will nurture slowly over the forecast period.
On the basis of region Global
teleradiology market can be segregated into four parts that are .Asia
Pacific, North America, Europe and others. In past few years North
America has led the global teleradiology market. The foremost factors
accountable for the enlargement of the teleradiology market in North
America are rise in expenditure of healthcare companies, rapid
innovation in medical approaches and well equipped hospitals. Asia
Pacific is expected to see a faster growth rate over the forecast period
owing to flourishing new companies in the Countries like India.
Teleradiology services provider in India are capable of conquer the
shortage of radiology services by providing imaging services to
healthcare institution, when radiologists are not accessible in parts of
North America such as US.
Time zone benefit is one more main thing
that has been contributing the growth of teleradiology in India and is
expected to drive the growth over the forecast period. The key vendors
in Teleradiology market are Teleradiology Solutions, Sectra AB, Cybernet
Systems Corporation, Virtual Radiologic, American Telecare Inc, and
StatRad.
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