Global Teleradiology Market Expected To Be Valued at US$ 3.6 billion in 2023 and Exceed US$ 9.1 billion by 2033, at a Significant CAGR 9.6%
The Teleradiology Market is expanding due to its higher compressing capacity and the growing number of patients suffering from chest infections. FMI reports a CAGR 9.6% for 2023-2033. Teleradiology Market: Faster consultation through smooth telecomms
DUBAI (United Arab Emirates), December 30, 2022 (GLOBE NEWSWIRE — The teleradiology market It is expected to expand at a CAGR in excess of 9.6% during this forecast period. It is expected to have a market share of US$ 9.1billion by 2033 and a revenue of US$ 3.66 billion in 2023.
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With the increasing use of teleradiology in various scanning procedures such as MRI, CT Scan and X-rays, the market for teleradiology is growing.
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While advancing healthcare, governments also expand research and development programs that will lead to smarter, faster and better telecommunications. This increases the demand for teleradiology.
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A rising number of medical imaging procedures that are used to address rising incidences of diseases such as osteomyelitis, cancer, arthritis, cellulitis, and other conditions around the globe is another factor expected to help expand the teleradiology market share.
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The Key Points
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The largest market share in the US for teleradiology is held by the US and will be the one with the greatest anticipated values. US$ 3.4 Bn With a CAGR rate of 9.6%, it will reach 2033. As the US market flourished on a higher growth rate, the market is experiencing an increase in its growth rate. CAGR of 11.3% Between 2017-2022
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Malaysia’s teleradiology market is expected to grow at a CAGR of 11.4% over the forecast period. It also expects revenue of US$ 202.4 millions by 2033. The CAGR for the region was 13.4% in the last forecast period.
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FMI Research Report states that CT scan segment is still leading modality type categories with a CAGR between 2023-2033 of 11.2%.
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According to end-user type the hospital segment prospers at a CAGR between 2023 & 2033 at 9.2%, while the segment flourished with a higher growth rate of 11.2% between 2017 & 2022 at 11.2%
Competitive Landscape
Key players in the Teleradiology market They are focused on the development of new products with advanced technologies, and receiving regulatory approvals for product launches. The 7 top players in the Teleradiology market sales Over the next ten year, landscape will account for a large share of the market.
To increase their Demand for teleradiology Industry players create new features and enhance their product lines by releasing them in positions. The Teleradiology is now in high demand dominated by a few notable players: Teleradiology Solutions (Argus Radiology), SRL Diagnostics (USARAD Holdings Inc.), Vital Radiology Services (Telemedicine Clinic)
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Recent Market Developments
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Argus Radiology’s teleradiology service has been launched. It is lower-cost and more accurate than traditional radiology. The brand claims to be personal with clients and 95% are kept long-term.
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Telemedicine Clinic targets the UK and Denmark with its teleradiology services. TMC academy is also introduced. This allows students to learn radiology using the expertise of more than 200 sub-specialists.
Teleradiology Market – By Category
Modality
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X-Ray Scans
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CT Scans
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MRI Scans
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Ultra-low Level Scans
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Nuclear Scan
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Cardiac Echo
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Mammography
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Electromammography
End User
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. 3.1.2.
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. 3.2.1.
3.2.2. 3.2.2.
3.2.3. 3.2.3.
3.3. Opportunity Map Analysis
3.4. 3.4
3.5. PESTLE and Porter’s Analysis
3.6. 3.6
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
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