Overview


According to FutureWise analysis the market for teleradiology services in 2023 is US$ 10.34 billion, and is expected to reach US$ 26.21 billion by 2031 at a CAGR of 12.3%.

Teleradiology is a field of telemedicine that involves the transmission of radiological images through telecommunication systems that transmit radiological images from one site to another. Medical imaging procedures, such as digitized X-rays, ultrasound, CT scans, MRI, and nuclear medicine studies, can be interpreted and used in analyzing these images for diagnostic purposes by a radiologist. The teleradiology process is based on a fundamental trio: a transmission network, an image-sending station, and a station for receiving images. These receiving stations must have a high-quality display screen cleared for clinical purposes. Additionally, there are now specialized computer programs designed for transmitting radiological images, making the process as easy as sending an email with image attachments. Teleradiology improves patient care by enabling radiologists to provide their expertise without requiring their physical presence with the patient. This is especially important when radiologist specialists, such as MRI radiologists, pediatric radiologists, and neuro-radiologists, are needed. Many highly specialized professionals are generally only located in large, well-established areas and work during daytime hours; therefore, their availability to the larger population may be limited outside of the teleradiology setting.

FutureWise Market Research has published a report that provides an insightful analysis of teleradiology service market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.

According to the analysis conducted by FutureWise research analysts, the Teleradiology Service Market is estimated to register a significant CAGR over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

  • 4ways Healthcare Limited
  • Africa Telerad Limited
  • Euro American Teleradiology
  • Medica Group plc
  • Mednax Services, Inc
  • Onrad, Inc.
  • Real Radiology, LLC
  • Specialty Teleradiology, Inc.
  • StatRad (Nucleus Health)
  • Tele Consult Europe (TCE)
  • Telemedicine Clinic (UNILABS)
  • Teleradiology Solutions
  • Usarad Holdings, Inc.

Recent Developments in Teleradiology Service Market:

  • In July 2022- Unilabs collaborated with Qure.ai. to deploy the latter's AI solutions to aid in classifying chest X-rays into normal or abnormal exams. The solution was first implemented and piloted in Unilabs TMC's Elective UK Service division to help increase the capacity and optimize radiology workflow.
  • In March 2022- Teleradiology Solutions bagged a 5-year contract worth US$ 12.5 Mn from Hamad Medical Corporation (HMC), a public healthcare provider in Qatar, to provide radiology reporting.

By Type of Service

  • General Reporting
  • Consultation
  • Auditing
  • Others

By Modality

  • X-Ray
  • Ultrasound
  • Computer Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Nuclear Imaging
  • Others

By Coverage

  • Day Time Coverage
  • After Hours/Night Time Coverage

By Specialty

  • Cardiology
  • Neurology
  • Oncology
  • Musculoskeletal
  • Gastroenterology
  • Others

By End User

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Surgical Centers
  • Clinics
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share with more than 40% in the market in 2022. The market growth is attributed to the combination of factors. such as, an expanding target population, encompassing the elderly and those with chronic conditions, drives demand for advanced medical solutions. Rising chronic disease prevalence underscores the need for effective medical technologies. Presence of major players shapes the industry, offering innovative devices. Developed healthcare infrastructure, supported by government initiatives, encourages modernization. Additionally, growing demand for efficient radiology solutions further boosts the market, making medical imaging crucial in diagnosis and treatment. These elements collectively create a dynamic environment fostering the sales of advanced medical technologies in the region.

Additionally, by type of service, general reporting accounted for more than 50% share in 2022, owing to the growing recognition and adoption of cost-effective and time-saving radiography interpretation services within the global healthcare landscape. Healthcare providers worldwide are grappling with the challenge of efficiently interpreting radiographic images to facilitate accurate diagnoses and informed treatment decisions. In response to this need, general reporting services have gained popularity for their ability to offer a streamlined approach to radiology interpretation. These services enable healthcare professionals to swiftly assess and interpret radiographic images, such as X-rays, CT scans, and MRIs, in a manner that saves both time and resources. The emphasis on efficiency and speed is particularly crucial in healthcare settings, where prompt diagnosis and treatment planning are essential for optimal patient care.

Drivers for Teleradiology Service Market:

The 24/7 availability of teleradiology services offers accurate and timely medical imaging interpretation and is expected to propel the growth of the teleradiology services market. By allowing radiologists to remotely access and interpret medical images around the clock, regardless of geographical limitations or time zones, healthcare facilities can ensure that patients receive accurate diagnoses even during off-hours, weekends, and holidays. This continuous availability expedites diagnosis and treatment decisions and enhances patient care and outcomes by minimizing delays and facilitating timely medical interventions.

Restrain for Teleradiology Service Market:

The concerns regarding the secure transmission of medical images and patient information online give rise to issues concerning data protection, patient confidentiality, and adherence to healthcare policies. These concerns involve data security exposures, potential patient privacy, and the need to ensure stringent compliance with intricate healthcare regulations. Furthermore, the complex geography of teleradiology concerns the interpretation of medical images across international borders, which may become entangled in the web of various licensing frameworks and regulatory requirements existing across distinct jurisdictions. These variations in conditions might lead to difficulties in ensuring consistent quality and accountability in teleradiology practices, potentially acting as restraints against the efficient expansion and seamless process of these services on a global scale, further hindering market growth.

Opportunities for Teleradiology Service Market:

Integrating artificial intelligence (AI) algorithms presents a transformative opportunity in the teleradiology services market. By integrating AI into the teleradiology workflow, radiologists may experience significant advantages, such as enhanced image interpretation accuracy and speed. AI-powered algorithms may swiftly interpret vast volumes of medical images, independently identifying subtle abnormalities and patterns that might be difficult for human interpretation. This not only assists radiologists in making more informed diagnostic decisions but also eases their workload by handling routine and time-consuming tasks. As AI continues to grow, it promises to facilitate teleradiology processes, improve efficiency, and enable radiologists to focus more on intricate cases, thus boosting overall patient care. Therefore, integrating AI-driven solutions in teleradiology services will dominate the market growth.

Trend for Teleradiology Service Market:

The dynamic trend of telemedicine and remote patient monitoring is transforming the geography of healthcare provision. Telemedicine, which involves the remote delivery of medical consultations and services through digital platforms, allows patients to connect with healthcare experts regardless of geographical obstacles, facilitating accessibility and convenience. Moreover, remote patient monitoring harnesses technology to track and analyze patients' health data from the comfort of their homes, allowing them to perform continuous health assessments and early intervention. Concurrently, these trends empower patients to actively commit to their healthcare, lower the need for in-person visits, and offer healthcare professionals real-time insights into patients' well-being. As technology advances and healthcare systems adapt, integrating telemedicine and remote patient monitoring promises to enhance patient outcomes and improve resource allocation, further driving the market growth.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • FutureWise research report will help you understand the growth prospects, key trends, and data points affecting the market's growth.
  • A detailed review of strategies being opted by the players in this market, and a thorough market share registered by the key companies globally as well as on a regional basis.
  • To provide with an exhaustive analysis on the of Teleradiology Service Market By Type Of Service, By Modality, By Coverage, By Specialty, By End-user and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches.
  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Global Teleradiology Services Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Technology Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Teleradiology Services Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Global Teleradiology Services Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Technology Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Technology Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Global Teleradiology Services Market, By Type of Service Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. General Reporting
        2. Consultation
        3. Auditing
        4. Others

  • 8.   Global Teleradiology Services Market, By Modality Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. X-Ray
        2. Ultrasound
        3. Computer Tomography (CT)
        4. Magnetic Resonance Imaging (MRI)
        5. Nuclear Imaging
        6. Others

  • 9.   Global Teleradiology Services Market, By Coverage Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Day Time Coverage
        2. After Hours/Night Time Coverage

  • 10.   Global Teleradiology Services Market, By Specialty Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Cardiology
        2. Neurology
        3. Oncology
        4. Musculoskeletal
        5. Gastroenterology
        6. Others

  • 11.   Global Teleradiology Services Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Hospitals
        2. Diagnostic Imaging Centers
        3. Ambulatory Surgical Centers
        4. Clinics
        5. Others

  • 12.   North America Teleradiology Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 13.   Latin America Teleradiology Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 14.   Europe Teleradiology Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 15.   Asia Pacific Teleradiology Services Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 16.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Saudi Arabia
         2.2. UAE
         2.3. South Africa
         2.4. Egypt
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 17.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 18.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. 4ways Healthcare Limited
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Africa Telerad Limited
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Euro American Teleradiology
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Medica Group plc
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. Mednax Services, Inc
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Onrad, Inc.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Real Radiology, LLC
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Specialty Teleradiology, Inc.
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. StatRad (Nucleus Health)
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. TeleConsult Europe (TCE)
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Telemedicine Clinic (UNILABS)
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Teleradiology Solutions
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. Usarad Holdings, Inc.
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview

  • 19.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 20.   FutureWise SME Key Takeaway Points for Client
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