Global Teleradiology Services Market to Surpass US$ 22,520.8 Million by 2030, Says Coherent Market Insights (CMI)


Seattle, Oct. 18, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global teleradiology services market is estimated to be valued at US$ 9,011.6 million in 2022 and is expected to exhibit a CAGR of 12.1 % during the forecast period (2022-2030).

Key Trends and Analysis of the Global Teleradiology Services Market:

Increasing government initiatives to promote healthcare digitalization is expected to drive the global teleradiology services market, over the forecast period. For instance, in June, 2020, government of Jammu & Kashmir, e-inaugurated Tele-radiology services under National Free Diagnostics Initiative of National Health Mission at identified Healthcare Facilities in the Union Territory of Jammu & Kashmir. In the first phase, 53 healthcare facilities, including six district hospitals, have been recognized as providing free X-ray services. The listed facilities will offer free Tele-radiology services 24/7/365.

Increasing collaboration between health care organization and key market players is expected to propel to global teleradiology services market, over the forecast period. For instance, in April, 2020, Alaska Native Medical Center, jointly operated by Alaska Native Tribal Heath Consortium and Southcentral Foundation, a healthcare foundation collaborated with Life Image, a healthcare network, to provide telehealth and teleradiology services throughout Alaska. About 60% of Alaska Native Medical Center’s patients live in rural communities and depend on telehealth and teleradiology for their diagnostic services.

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Key Market Takeaways:

Global teleradiology services market is expected to exhibit a CAGR of 12.1% during the forecast period due to increase in partnership by key market players. For instance, in February 2020, NANO-X IMAGING LTD., a medical imaging system technology company, partnered with Siemens Healthineers backed USARAD, a teleradiology company, under which USARAD will utilize existing radiologist and recruit additional professionals to become service providers using the Nanox.ARC and the Nanox.CLOUD for imaging diagnostics.

Among end user, hospitals segment held a dominant position in the global teleradiology services market, owing to increasing adaptation of teleradiology services. For instance, on March 7, 2022, Hamad Medical Corporation, the public healthcare provider, has given Rs 100 crore order to Teleradiology Solutions (TRS), a teleradiology provider, for providing radiology reporting such as radiology interpretations for 5 years.

Competitive Landscape:

Key players operating in the global teleradiology services market include Teleradiology Solutions, Virtual Radiologic Corporation, Argus Radiology, OnePacs LLC, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, Teleradiology Providers, Life Image, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd., Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call, LLC, ONRAD, Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax, Inc. Alta Vista TeleRadiology, and Quality Nighthawk.

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Market Segmentation:

  • Global Teleradiology Services Market, By Process Type:
    • Certified Reporting Services Process
    • Preliminary Reporting
  • Teleradiology Services Market, By Service Type:
    • Emergency Nighthawk
    • Day Time Coverage
    • Sub-specialty Reading
      • Cardiac Reading
      • Neuroradiology
      • Nuclear Scans
      • Musculoskeletal Studies
    • Second Opinion
    • Clinical Trials
  • Global Teleradiology Services Market, By Modality:
    • X-ray Scans
    • CT Scan
    • MRI Scan
    • Ultrasound Scans
    • Nuclear Scans
    • Cardiac Echo
    • Mammography
    • Electromammography
  • Global Teleradiology Services Market, By End User:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
    • Radiology Centers
  • Global Teleradiology services Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Region/Country
        • South Africa
        • Central Africa
        • North Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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