Teleradiology Market: By Modality Type, By Service Type, By End-User and Region Forecast 2019-2030

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Teleradiology Market Size, Share, Growth, Trends, and Global Industry Analysis: By Modality Type (X-Ray, CT-scans, Ultrasound Scans, MRI Scans, Nuclear Scans, And Others), By Service Type (Nighthawk, Second Opinion, Day Time Coverage, Clinical Trials, and Others), By End-User (Hospitals, Radiology Centers, Clinics, and Ambulatory Surgical Centers) and Region Forecast 2019-2030

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Teleradiology Market size was valued at US$ 1.74 billion in 2023 and is expected to reach US$ 4.94 billion by 2030, at a CAGR of 19.1% from 2024 to 2030. In teleradiology, patients imaging data will be transferred to physicians in different regions/countries to interpret the imaging data. In such a scenario, data security plays a very crucial role in the market. The lack of strong data-secure software will have a negative impact on the growth of the market. Furthermore, lack of reimbursement policies if the radiology data is analyzed in other countries than the imaging data generated country.

For instance, if the market report is generated in the U.S. and the data is transferred to other country physicians for interpretation it wouldn't be reimbursed. The market is dominated by many smaller players than bigger players. Companies are adopting various strategies to enhance their sales revenue. Few companies are collaborating with local public and private hospitals to serve their radiology needs. Some companies have offices in different countries to operate in different time zones.

Teleradiology Market Key Developments

  • In August 2017, Telemedicine Clinic (TMC) provided elective services to Plymouth NHS and ad hoc and on-call services to Wigan NHS Trust. In addition, companies are incorporating advanced technology platforms to optimize their operations. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. It includes recent regulatory scenarios, new services, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.

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Teleradiology Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

19.1%

Largest Market

North America

Fastest Growing Market

Asia Pacific

Teleradiology Market Dynamics

Rapid adoption of digitalization in healthcare and lack of radiologists in various regions are fueling the growth of teleradiology market. Furthermore, increase in incidence of acute and chronic diseases like cancers, neurological ailments, orthopedic and respiratory diseases, among others are projected to drive the growth of the market over the forecast period.

In addition, increase in adoption of imaging services globally to diagnose various disease conditions plays a pivotal role in the market. For instance, according to OCED statistics, computed tomography scans in France increased 53.1 to 76.3 per 1000 inhabitants from 2010 to 2014. Lack of radiologists and cost-effective teleradiology services are fueling the growth of market. Various government bodies are promoting the teleradiology services in order to fasten the diagnosing services and reduce the healthcare burden will have positive impact on the teleradiology services market.

Teleradiology Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 1.74 billion

Market Size in 2030

US$ 4.94 billion

Market CAGR

19.1%

By Modality

  • X-Ray
  • CT-scans
  • Ultrasound Scans
  • MRI Scans
  • Nuclear Scans
  • Others

By Service Type

  • Nighthawk
  • Second Opinion
  • Day Time Coverage
  • Clinical Trials
  • Others

By End User

  • Hospitals
  • Radiology Centers
  • Clinics
  • Ambulatory Surgical Centers

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The teleradiology market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

The teleradiology market size was valued at US$ 1.74 billion in 2023 and is set to reach US$ 4.94 billion by 2030 at a CAGR of 19.1% from 2024-2030

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

The major key players operating in the market are: RadNet, Inc. (U.S.), Teleradiology Providers (India), Quality Nighthawk (U.S.), Foundation Radiology Group (U.S.), Argus Radiology (U.S.), StatRad, LLC (U.S.), USARAD Holdings, Inc (U.S.), Vital Radiology Services (India), Teleradiology Solutions (U.S.), Telemedicine Clinic (Spain)

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary
2. Global Teleradiology Market Introduction 
2.1.Global Teleradiology Market  - Taxonomy
2.2.Global Teleradiology Market  - Definitions
2.2.1.Modality
2.2.2.Service Type
2.2.3.End User
2.2.4.Region
3. Global Teleradiology Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Teleradiology Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Teleradiology Market  By Modality, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. X-Ray
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. CT-scans
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Ultrasound Scans
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. MRI Scans
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Nuclear Scans
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Others
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6. Global Teleradiology Market  By Service Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Nighthawk
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Second Opinion
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Day Time Coverage
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Clinical Trials
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7. Global Teleradiology Market  By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Hospitals
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Radiology Centers
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Clinics
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Ambulatory Surgical Centers
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8. Global Teleradiology Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Teleradiology Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Modality Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.X-Ray
9.1.2.CT-scans
9.1.3.Ultrasound Scans
9.1.4.MRI Scans
9.1.5.Nuclear Scans
9.1.6.Others
9.2.  Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Nighthawk
9.2.2.Second Opinion
9.2.3.Day Time Coverage
9.2.4.Clinical Trials
9.2.5.Others
9.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Hospitals
9.3.2.Radiology Centers
9.3.3.Clinics
9.3.4.Ambulatory Surgical Centers
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Teleradiology Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Modality Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.X-Ray
10.1.2.CT-scans
10.1.3.Ultrasound Scans
10.1.4.MRI Scans
10.1.5.Nuclear Scans
10.1.6.Others
10.2.  Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Nighthawk
10.2.2.Second Opinion
10.2.3.Day Time Coverage
10.2.4.Clinical Trials
10.2.5.Others
10.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Hospitals
10.3.2.Radiology Centers
10.3.3.Clinics
10.3.4.Ambulatory Surgical Centers
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Teleradiology Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Modality Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.X-Ray
11.1.2.CT-scans
11.1.3.Ultrasound Scans
11.1.4.MRI Scans
11.1.5.Nuclear Scans
11.1.6.Others
11.2.  Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Nighthawk
11.2.2.Second Opinion
11.2.3.Day Time Coverage
11.2.4.Clinical Trials
11.2.5.Others
11.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Hospitals
11.3.2.Radiology Centers
11.3.3.Clinics
11.3.4.Ambulatory Surgical Centers
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Teleradiology Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Modality Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.X-Ray
12.1.2.CT-scans
12.1.3.Ultrasound Scans
12.1.4.MRI Scans
12.1.5.Nuclear Scans
12.1.6.Others
12.2.  Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Nighthawk
12.2.2.Second Opinion
12.2.3.Day Time Coverage
12.2.4.Clinical Trials
12.2.5.Others
12.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Hospitals
12.3.2.Radiology Centers
12.3.3.Clinics
12.3.4.Ambulatory Surgical Centers
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Teleradiology Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Modality Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.X-Ray
13.1.2.CT-scans
13.1.3.Ultrasound Scans
13.1.4.MRI Scans
13.1.5.Nuclear Scans
13.1.6.Others
13.2.  Service Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Nighthawk
13.2.2.Second Opinion
13.2.3.Day Time Coverage
13.2.4.Clinical Trials
13.2.5.Others
13.3.  End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Hospitals
13.3.2.Radiology Centers
13.3.3.Clinics
13.3.4.Ambulatory Surgical Centers
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.RadNet, Inc. (U.S.)
14.2.2.Teleradiology Providers (India)
14.2.3.Quality Nighthawk (U.S.)
14.2.4.Foundation Radiology Group (U.S.)
14.2.5.Argus Radiology (U.S.)
14.2.6.StatRad, LLC (U.S.)
14.2.7.USARAD Holdings, Inc (U.S.)
14.2.8.Vital Radiology Services (India)
14.2.9.Teleradiology Solutions (U.S.)
14.2.10.Telemedicine Clinic (Spain)
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • RadNet, Inc. (U.S.)
  • Teleradiology Providers (India)
  • Quality Nighthawk (U.S.)
  • Foundation Radiology Group (U.S.)
  • Argus Radiology (U.S.)
  • StatRad, LLC (U.S.)
  • USARAD Holdings, Inc (U.S.)
  • Vital Radiology Services (India)
  • Teleradiology Solutions (U.S.)
  • Telemedicine Clinic (Spain)

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