Teleradiology Market - Widely Accepted Scanner Technology in Healthcare: Infinium Global Research
PUNE, India, March 4, 2020 /PRNewswire/ -- Teleradiology technology is rapidly expanding as new CT scanner technology has combined with the growth of the Internet and broadband to become a crucial tool in trauma cases in emergency rooms throughout the world. Infinium global research has recently published a global report on "Teleradiology Market https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-artificial-pancreas-device-system-market (Product - X-ray, Ultrasound, Magnetic Resonance Imaging (MRI), Computed Tomography (CT), and Nuclear Imaging; Application - Tele-diagnosis, Tele-consultation, and Tele-monitoring): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025" published by Infinium Global Research", the reported study estimated the market for teleradiology market will reach up to 11.2 billion, with a Compound annual growth rate of 7.4%, in the forecast period (2019-2025).
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The Scope of the Technology in Healthcare
Teleradiology is widely accepted throughout the world as a way for diagnostic radiologists to interpret images off-site and read films for call coverage. The significance of a radiological report is stringently dependent on how fast and clearly it is transmitted to the referring physician. Nowadays, teleradiology has numerous purposes worldwide ranging from services for an expert to international commercial diagnostic reading services and the major focus is on clinical governance, medico-legal issues, and quality assessment. The growing use of teleradiology technology reflects the changing world of clinical practice, service delivery, and technology.
Manufacturers Adopting Acquisition & Partnership Strategies
Recently, In March 2019, Royal Philips has acquired Direct Radiology's teleradiology platform and business operations. The expansion of the radiology solutions portfolio is to scale Direct Radiology's teleradiology platform so that it can support radiologists throughout the world. Furthermore, In May 2018, Qure.ai has partnered with Teleradiology Solutions and Telerad Tech (T2) to enable smarter and faster diagnoses of X-ray and CT scan data and reduce costs.
Teleradiology Solutions is a global pioneer in remote radiology interpretation and also provides telehealth services, whereas Telerad Tech (T2) is a health IT Company and AI-enabled RIS-PACS provider. Moreover, In November 2019, Ambra Health, makers of the leading medical image management suite has partnered with RAPID, which is the worldwide leader in advanced imaging for stroke. This partnership helps to enable cloud deployment of the RAPID stroke imaging platform and secure sharing of RAPID images across networks utilizing Ambra's Best-in-KLAS image exchange capabilities.
Increasing Prevalence of Long-Term Diseases & Less Availability of Healthcare Specialist Are Set to Drive the Global Personal Mobility Devices Market
Teleradiology generally involved consulting individual radiologists over the phone before the internet age for emergent cases. It is an emerging field that has the potential to benefit both patients and healthcare service providers immensely as it helps eliminate distance barriers and improve access to quality health services that otherwise are unavailable in rural and distant communities.
In addition, the up gradation of technology that is being used in picture archiving and communication systems and taking the second opinion from the specialist in the emergency case is strengthening the growth of the teleradiology market. Furthermore, increasing prevalence of long-term diseases such as cellulitis, osteomyelitis, and breast cancer in less developed areas drives the growth of the teleradiology market. However, high expenditure concerning teleradiology technology and lack of skilled technicians and radiologists is likely to curtail the growth of the teleradiology market. Besides, recent advancements in web-based technology in healthcare systems especially the wireless image transmission systems are creating several opportunities for the key players in the teleradiology market over the years to come.
The North America Region is the Most Lucrative Region for the Teleradiology
Among the regions, North America holds the largest share in the global teleradiology market. The growth in the North American region is owing to the easy availability of technology-enabled healthcare platforms. Moreover, the Health Care Financing Administration (HCFA) is a federal agency in the U.S. that mandates round-the-clock services in every hospital. The Asia-Pacific is estimated to be the fastest-growing region due to the rapidly increasing medical platforms along with growing healthcare infrastructure. Besides this, increasing government initiatives, a large target population base, and strategic global expansions are motivating the growth of this market in this region.
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Global Teleradiology Market Industry Coverage
Chapter - 1 Preface
- Report Description
- Research Methods
- Research Approaches
Chapter - 2 Executive Summary
- Teleradiology Market Highlights
- Teleradiology Market Projection
- Teleradiology Market Regional Highlights
Chapter - 3 Global Teleradiology Market Overview
- Introduction
- Market Dynamics
- Porter's Five Forces Analysis
- IGR-Growth Matrix Analysis
- Value Chain Analysis of Teleradiology Market
Chapter - 4 Teleradiology Market Macro Indicator Analysis
Chapter - 5 Global Teleradiology Market by Product
- X-ray
- Ultrasound
- Magnetic Resonance Imaging (MRI)
- Computed Tomography (CT)
- Nuclear Imaging
Chapter - 6 Global Teleradiology Market by Application
- Tele-diagnosis
- Tele-consultation
- Tele-monitoring
Chapter - 7 Global Teleradiology Market by Region 2018-2024
- North America
- Europe
- Asia-Pacific
- RoW
Chapter - 8 Company Profiles and Competitive Landscape
- Everlight Radiology
- Global Diagnostics
- ONRAD, Inc
- Agfa-Gevaert Group
- Virtual Radiologic (vRad)
- HealthWatch TeleDiagnostics Pvt. Ltd.
- USARAD Holdings, Inc.
- RamSoft, Inc.
- 4ways Healthcare Ltd
- Cybernet Medical Corporation
Browse in-depth TOC on "Teleradiology Market"
About Us
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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SOURCE Infinium Global Research
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