Authored By: Sarah
17 Jul 2023

Teleradiology Market to witness a massive market growth of USD 2804.51 mn through 2023-2027  

Global Teleradiology Market is estimated to spike up with revenue growth of USD 2,804.51 million between 2022 and 2027 accelerating at a CAGR of 15.52%. North America is projected to contribute 34% by 2027 to global market growth.

Navigating through the major growth drivers of the market: The prevalence of diseases coupled with the increasing geriatric population with the rising number of awareness programs regarding the early diagnosis of diseases, is the primary factor driving the global teleradiology market

"As per recent data, the prevalence of cardiovascular, neurological, and orthopedic health conditions is increasing significantly globally followed by the incidence of cardiovascular diseases (CVDs) also "

Technological advancement and, product innovation followed by high healthcare spending by people are contributing to market development.

The market advancements of the global teleradiology market are taking shape owing to the above-mentioned factors. Get a comprehensive report summary with a detailed analysis of the growth drivers the in our data-backed report. 

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Teleradiology Market at a Glance

Vendors Analysis: When it comes to the vendors they are opting for M and A activities as a business strategy to expand their product portfolio and strengthen their business also with a keen focus on technological advancements and upgrades in teleradiology modalities

For instance, in November 2020, GE Healthcare (a subsidiary of General Electric Co.) acquired Prismatic Sensors AB, a Swedish developer, for its next-generation photon-counting technology.

Similarly, Siemens AG and General Electric Co. are investing in upgrading their imaging modalities with enhanced software solutions followed by implementing 3D, 4D, and 5D technologies in teleradiology enabling physicians to perform better diagnoses.

Some of the prominent market players in this sector include 4ways Healthcare Ltd., Everlight Radiology, Fujifilm Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Medica Group PLC, MedWeb, Mirada Medical Ltd., Nano X Imaging Ltd., NovaRad Enterprise Healthcare Solutions, Nucleus Health  Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Request for a  sample report today.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 15.52%.

  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2804.51 mn through 2023-2027.

  3. What is a key factor driving this market?
    The increasing prevalence of diseases coupled with a growing geriatric population will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and the Rest of the World (ROW) are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    34% growth will originate from North America

  6. What are the market segments covered in this report?
    The market is segmented by Geography (North America, Europe, Asia, and Rest the of World  (ROW))
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