Teleradiology is a type of telemedicine that entails sending radiological pictures and data from one site to another for diagnostic and consulting purposes. It is a cutting-edge technology that has arisen as a result of a mismatch between demand and supply for diagnostic services. This is evidenced by the fact that strong demand for radiology services in nations such as the United States, Singapore, and the United Kingdom was frequently unmet due to a scarcity of experienced and specialised teleradiology personnel.Teleradiology Market was valued at US$ 9.6 billion in 2024 and is projected to grow at a CAGR of 15.7% to reach US$ 36.3 billion by 2034.

The report "Teleradiology Market, By Products & Services (Services, Hardware, and Software), By Imaging Techniques (MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging), By End User (Hospitals, and Diagnostic Centers & Laboratories), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034’’

Key Highlights:

• In June 2020, Phillips Healthcare (Netherlands) entered into a partnership with American Telemedicine Association (ATA). This partnership aims to further the adoption of telehealth in the US.

Analyst View:

Increased demand for radiological services due to the rising prevalence of chronic conditions including congestive heart failure and orthopaedic injuries are driving the teleradiology industry forward. Furthermore, a large increase in government spending on the healthcare information (HCIT) sector, as well as a shift in key players' focus toward digital diagnostics innovation, is fueling market growth. However, the market's expansion is hampered by a lack of internet networks and a scarcity of competent radiologists. Furthermore, ongoing improvements in medical diagnostic technologies are projected to create profitable prospects for the teleradiology market to expand in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Teleradiology Market, By Products & Services (Services, Hardware, and Software), By Imaging Techniques (MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging), By End User (Hospitals, and Diagnostic Centers & Laboratories), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2034”

Key Market Insights from the report:

Teleradiology Market was valued at US$ 9.6 billion in 2024 and is projected to grow at a CAGR of 15.7% to reach US$ 36.3 billion by 2034.The  teleradiology market is segmented based on products and services, imaging technique, end user, and region.

• Based on Products and Services, Teleradiology Market is segmented into Services, Hardware, and Software.
• Based on Imaging Technique, Teleradiology Market is segmented into MRI, CT, X-ray, Ultrasound, Mammography, and Nuclear Imaging.  
• Based on End-User, Teleradiology Market is segmented into Hospitals, and Diagnostic Centers & Laboratories. 
• By Region, the Teleradiology Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Teleradiology Market:

The key players operating in the teleradiology market includes Philips Healthcare, Cerner Corporation, Siemens Healthineers, McKesson Corporation, FUJIFILM Holdings Corporation, Agfa Healthcare, MEDNAX Services, Inc., ONRAD Inc., RamSoft Inc., Novarad Corporation, TeleDiagnostic Solutions Pvt. Ltd., Teleradiology Solutions, Telerad Tech, StatRad LLC, MedWeb LLC, and WebRad TeleRadiology.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com