Description

The global teleradiology market size was valued at US$ 1.74 Bn in 2020 and expected to reach US$ 4.94 Bn by 2027, at a CAGR of 19.1% during the forecast period. In teleradiology, patients imaging data will be transferred to physicians in different regions/countries to interpret the imaging data. In such scenario, data security plays a very crucial role in market. Lack of strong data secure software’s will have negative impact on the growth of the market. Furthermore, lack of reimbursement policies if the radiology data is analysed in other countries than the imaging data generated country. For instance, if the teleradiology market report is generated in 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 based hospitals to serve their radiology needs. Some companies are having offices in different countries to operate in different time zones. For instance, in August 2017, Telemedicine Clinic (TMC) provides 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 scenario, new services, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.

 

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