Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Teleradiology is the practice of medical images interpretation and analysis by a radiologist who is not present at the site where the images were generated. This service is utilized by hospitals, emergency care centers, telemedicine companies, and other clinics. Teleradiology services enable radiologists to use online services in order to improve patients care and treatment without the need to be physically present on site.

Statistics:

The global teleradiology services market is estimated to account for US$ 16,143.1 Mn in terms of value by the end of 2027.

Global Teleradiology Services Market: Drivers

Shift towards value-based healthcare model is expected to propel growth of the global teleradiology services market. Government and regulatory bodies across countries are adopting various cost-containment measures to reduce healthcare burden, especially in developed economies. This shift from volume to value-based system is driven by various initiatives taken by governments, teleradiology service providers, and life sciences companies, which include outcome-based pricing, profit & risk sharing, price control, and competitive tendering.

Moreover, government initiatives to promote healthcare digitalization is also expected to aid in growth of the market. For instance, in March 2020, the Russia’s Federation Council and Parliament drafted a bill to digitalize healthcare to boost medical care, especially during the coronavirus outbreak.

Statistics:

North America held dominant position in the global teleradiology services market in 2019, accounting for 45.5% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Teleradiology Services Market Share (%) in Terms of Value, By Region, 2019

Teleradiology Services  | Coherent Market Insights

Global Teleradiology Services Market: Restraints

High cost involved in the initial set up and installation of imaging equipment and broadband technology in remote locations is one of major factors that could hamper growth of the global teleradiology services market. Moreover, the chances of recovering the costs solely depend on the number of scans arriving per day. Hence, achieving break-even is quite uncertain and entails high risk.

Moreover, lack of imaging data security is also expected to limit the market growth.  Teleradiology practice involves transfer of imaging data across the globe, for which maintenance of data confidentiality and security is crucial. Lack of efficient means to protect data could adversely hamper growth of the teleradiology services market.

Global Teleradiology Services Market: Opportunities

Second opinion in cancer/tumor diagnostics is critical during remote-patient diagnosis. Thus, players in the market can focus on providing collaborative healthcare platforms in order to ease transfer of diagnosis-related data such as documents and images.

The teleradiology industry is facing challenges in terms of integrating teleradiology technology with cloud storage technologies. Moreover, the capital-intense nature of the market and unclear regulations pertaining to the application of technology are hampering growth of the global teleradiology market. However, increasing collaborative approach and partnerships between diagnostic centers and cloud service providers is expected to offer lucrative growth opportunities for players in the market.

Statistics:

The global teleradiology services market was valued at US$ 3,490.0 Mn in 2019 and is forecast to reach a value of US$ 16,143.1 Mn by 2027 at a CAGR of 21.0% between 2020 and 2027.

Figure 2: Global Teleradiology Services Market Value (US$ Mn), 2016 - 2027

Teleradiology Services  | Coherent Market Insights

Market Trends/Key Takeaways

The global teleradiology services market is marginally regulated through commercial guidelines, owing to lack of clarity about the technology, which is significantly affecting adoption of the teleradiology. For example, in Europe, teleradiology service providers should obtain EU Health and Safety legislation. This limits adoption of teleradiology across various verticals of the healthcare sector.

In North America, increasing geriatric population is expected to boost growth of the market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.     

Regulations

U.S.

Licensing and Certification Laws

The acquisition, ownership, expansion, operation and construction of diagnostic imaging facilities are subjected to several federal and state laws, approvals and regulations related to licensing of facilities. Additionally, free standing imaging facilities need to meet Medicare requirements in order to be certified as an independent diagnostic center

Medicare and Medicaid Fraud and Abuse- Stark Law

The Stark Law prohibits a physician from referring Medicare patients to an entity providing designated health services, as defined under the Stark Law, including, without limitation, radiology services, in which the physician has an ownership or investment interest or with which the physician has entered into a compensation arrangement. The Stark Law also prohibits the entity from billing for any such prohibited referral. The penalties for violating the Stark Law include a prohibition on payment by these governmental programs and civil penalties of as much as $15,000 for each violation referral and $100,000 for participation in a circumvention scheme.

Global Teleradiology Services Market: Competitive Landscape  

Major players operating in the global teleradiology services market include, Teleradiology Solutions, Virtual Radiologic Corporation, Argus Radiology, OnePacs LLC, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, Teleradiology Providers, Life Image, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd., Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call, LLC, ONRAD, Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax, Inc. Alta Vista TeleRadiology, and Quality Nighthawk.

Global Teleradiology Services Market: Key Developments   

Major players in the market are focused on adopting collaboration and partnership strategies to enhance their market share. For instance, in April 2020, Life Image, a healthcare network, collaborated with Alaska Native Tribal Health Consortium and Southcentral Foundation to offer its image exchange and network access provider to enhance the Alaska Native Medical Center’s capability to provide telehealth and teleradiology services throughout Alaska.

Similarly, in February 2020, NANO-X IMAGING LTD partnered with Siemens Healthineers-backed USARAD, under which USARAD will utilize existing radiologists and recruit additional professionals to become service providers using the Nanox.ARC and the Nanox.CLOUD for imaging diagnostics.

Teleradiology Services constitutes of medical images interpretation and analysis by a radiologist. Teleradiology services are online services which help to improve patients care and treatment. Different types of teleradiology services are emergency nighthawk, day time coverage, subspecialty reading, second opinion, and clinical trials. Increasing prevalence of cancer is expected to offer lucrative growth opportunities for players in the market Furthermore, launch of new and advance teleradiology products along with increasing, government initiatives to promote healthcare digitalization is also expected to aid in growth of the market during the forecasted period.

Key features of the study:

  • This report provides in-depth analysis of the Teleradiology Services market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Teleradiology Services market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Teleradiology Solutions, Virtual Radiologic Corporation, Argus Radiology, OnePacs LLC, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, Teleradiology Providers, Life Image, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd., Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call, LLC, ONRAD, Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax, Inc. Alta Vista TeleRadiology, and Quality Nighthawk.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Teleradiology Services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Teleradiology Services market

Detailed Segmentation:

  • Teleradiology Services Market, By Process Type:
      • Certified Reporting Services Process
      • Preliminary Reporting
  • Teleradiology Services Market, By Service Type:
      • Emergency Nighthawk
      • Day Time Coverage
      • Sub-specialty Reading
        • Cardiac Reading
        • Neuroradiology
        • Nuclear Scans
        • Musculoskeletal Studies
      • Second Opinion
      • Clinical Trials
  • Teleradiology Services Market, By Modality:
      • X-ray Scans
      • CT Scan
      • MRI Scan
      • Ultrasound Scans
      • Nuclear Scans
      • Cardiac Echo
      • Mammography
      • Electromammography
  • Teleradiology Services Market, By End User:
      • Hospitals
      • Clinics
      • Ambulatory Surgical Centers
      • Radiology Centers
  • Teleradiology Services Market, By Region:
    • North America
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Process Type:
        • Certified Reporting Services Process
        • Preliminary Reporting
      • By Service Type
        • Emergency Nighthawk
        • Day Time Coverage
        • Sub-speciality Reading
          • Cardiac Reading
          • Neuroradiology
          • Nuclear Scans
          • Musculoskeletal Studies
        • Second Opinion
        • Clinical Trials
      • By Modality
        • X-ray Scans
        • CT Scan
        • MRI Scan
        • Ultrasound Scans
        • Nuclear Scans
        • Cardiac Echo
        • Mammography
        • Electromammography
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Radiology Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Teleradiology Solutions *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Virtual Radiologic Corporation
    • Argus Radiology
    • OnePacs LLC
    • SRL Diagnostics
    • USARAD Holdings, Inc.
    • Vital Radiology Services
    • Teleradiology Providers
    • Life Image
    • Telemedicine Clinic
    • TeleDiagnosys Services Pvt. Ltd.
    • Imaging Advantage
    • Foundation Radiology Group
    • Direct Radiology
    • Imaging On Call, LLC
    • ONRAD, Inc.
    • Rays (Envision Healthcare Company)
    • StatRad LLC
    • ARIS Radiology
    • NightShift Radiology
    • Mednax, Inc
    • Alta Vista TeleRadiology
    • Quality Nighthawk
  • “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Process Type
      • Market Snippet, By Service Type
      • Market Snippet, By Modality
      • Market Snippet, By End User
      • Market Snippet, By Region
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Teleradiology Services Market, By Process Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Certified Reporting Services Process
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Preliminary Reporting
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Teleradiology Services Market, By Service Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Emergency Nighthawk
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Day Time Coverage
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Sub-specialty Reading
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Cardiac Reading
        • Neuroradiology
        • Nuclear Scans
        • Musculoskeletal Studies
    • Second Opinion
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinical Trials
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Teleradiology Services Market, By Modality, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • X-ray Scans
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • CT Scan
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • MRI Scan
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ultrasound Scans
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Cardiac Echo
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Mammography
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Electro mammography
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Teleradiology Services Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Radiology Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  8. Teleradiology Services Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Process Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Service Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  9. Competitive Landscape
    • Company Profiles
      • Teleradiology Solutions
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Virtual Radiologic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Argus Radiology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • OnePacs LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • SRL Diagnostics
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • USARAD Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Vital Radiology Services
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Teleradiology Providers
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Life Image
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Telemedicine Clinic
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Imaging Advantage
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Foundation Radiology Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Direct Radiology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Imaging On Call, LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ONRAD, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Rays (Envision Healthcare Company)
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • StatRad LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • ARIS Radiology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NightShift Radiology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Mednax, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Alta Vista TeleRadiology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Quality Nighthawk
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 28 market data tables and 18 figures on “Teleradiology Services Market - Global forecast to 2027”.

Frequently Asked Questions

The global Teleradiology Services market size was valued at US$ 3,490.0 million in 2019 and is estimated to exhibit a CAGR of 21.0% between 2020 and 2027.
Certified Reporting Services Process segment held the major market share in 2019 owing to increasing government initiatives to promote healthcare digitalization during the forecast period.
Major factor driving the growth of global Teleradiology Services market during the forecast period increasing prevalence of chronic and acute diseases, and increasing healthcare infrastructure in developing economies.
• High cost involved in the set up and installation of imaging equipment in remote locations is one of major factors that could hamper growth of the global teleradiology services market
North America Teleradiology Services market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Teleradiology Solutions, Virtual Radiologic Corporation, Argus Radiology, OnePacs LLC, SRL Diagnostics, USARAD Holdings, Inc., Vital Radiology Services, Teleradiology Providers, Life Image, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd., Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call, LLC, ONRAD, Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax, Inc. Alta Vista TeleRadiology, and Quality Nighthawk.
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