The market for teleradiology services is experiencing significant growth


Pune, April 08, 2022 (GLOBE NEWSWIRE) — Teleradiology is the transmission of radiological images of patients, such as X-rays, CT scans, and MRIs, from one location to another over the Internet for the purpose of sharing studies or interpreting results with other radiologists and physicians . Teleradiology allows radiologists to provide services 24 hours a day, 7 days a week. Additionally, teleradiology helps provide services during medical emergencies and after hours or at night. Teleradiology also makes it possible to interpret the results of radiological images in remote areas, where the radiologist is not available.

“The global market for teleradiology services is estimated to reach over $21.6 billion by 2030, it is expected to grow at a CAGR of over 16.1% during the forecast period from 2022 to 2030.”

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Teleradiology Services Market by Region

Based on region, the global market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (ROW). North America dominated the teleradiology services market, followed by Europe and Asia-Pacific. North America will continue to dominate the global market over the forecast period due to factors such as highly developed healthcare industry and growing awareness of teleradiology among diagnostic centers. However, Asia-Pacific is expected to see the highest CAGR, with growth in this market centered in China, India, and Japan. Factors such as increasing concentration of major players in emerging Asian countries and increasing number of teleradiology service providers are driving the growth of teleradiology services market in this region.

  1. COMPANY PROFILES (Company Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
    1. Envision Healthcare Corporation
    2. MEDNAX Services, Inc.
    3. Argus Radiology
    4. Teleradiology solutions
    5. USARAD Holdings, Inc.
    6. ONRAD, Inc.
    7. Teleconsult Europe
    8. Africa Telerad Limited
    9. American Imaging Consultants
    10. Unilabs
    11. 4ways Healthcare Limited
    12. Euro-American Tele-radiology

Supplier evaluation

The vendor assessment includes an in-depth analysis of how the vendors meet the demand in the teleradiology services market. The MDC CompetetiveScape model was used to assess the qualitative and quantitative information for this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and describing their strengths, relevant characteristics and outreach strategy. MDC’s CompetitiveScape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.

Technology Assessment

Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.

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Business ecosystem analysis

Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.

Regions and countries covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the World (Row)

Report cover

Teleradiology Services Market Dynamics, Impact of Covid-19 on the Teleradiology Services Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Analysis segmental, teleradiology services market sizing, analysis charts

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Supplier Profiles Covered

All major Tier 1, 2 and 3 companies are covered in this Teleradiology Services Market Report (25 Vendor Profiles)

Key questions answered by this report

  • What is the potential of the Teleradiology Services market?
  • What is the impact of COVID-19 on the global teleradiology services market?
  • What are the major strategies adopted by companies in the Teleradiology Services market?
  • What are the challenges faced by SMEs and major vendors in the Teleradiology Services Market?
  • Which region has the highest investments in the teleradiology services market?
  • What is the latest research and activity relating to the Teleradiology Services market?
  • Who are the key players in the Teleradiology Services market?
  • What is the potential of the Teleradiology Services market?

Analyzes of current and future trends

Keeping up with the latest trends is a great way to attract more customers. When it comes to trends, stakeholders see what’s on the surface. MDC researchers continuously monitor a given market to identify and track emerging trends. These reports are updated regularly so stakeholders can take advantage of the latest trends and generate revenue.

Deep understanding of the industry

Industry analysis allows a company to understand its position relative to other companies in the industry. This can help them identify potential opportunities and threats, so they can prepare for the present and the future. MDC Research helps organizations understand what is happening in a given industry, including supply and demand statistics, degree of competition, state of competition with other emerging industries, market outlook, future given technological changes and factors external to the industry.

Targeted regional/country assessment

Demographic analysis is a crucial part of any market growth study. The MDC Research team assesses each region and country and examines the key points that have a significant impact on the growth of a market.

The impact of COVID-19 on the current and future market

MDC Research is closely monitoring the global outbreak of a novel strain of coronavirus (COVID-19) and its impact across the entire value chain. In order to provide optimal service to our stakeholders, MDC has assembled a team to assess developments, restructure information as needed and ensure information is timely and relevant.

Analyze government policies/initiatives/regulations

Many sectors of the business world have long criticized government regulations as irrational obstacles to profits, economic efficiency and job creation. MDC research analysis of government policies, initiatives and regulations helps stakeholders to comply with regulation and benefit from government initiatives in the respective industry.

Competitive Benchmarking

Today’s competitive benchmarking is an opportunity to analyze the performance of a company’s competitors and consider their strengths and weaknesses in relation to your own company’s performance. MDC’s research professionals help our stakeholders track competitors, identify areas for improvement, increase profits, and design better go-to-market strategies.

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