On the other hand, the rising cost of technology is anticipated to restrain the market growth. However, repayments and the growing regulatory burden are expected to dampen the growth of the teleradiology market. Data Bridge Market Research analyzes that the Global teleradiology market is expected to reach the value of USD 5,910.05 million by 2029, at a CAGR of 18.5% during the forecast period. Services account for the largest type segment in the market due to increasing teleradiology services among the global population. This market report also covers pricing analysis, patent analysis, and technological advancements in depth. The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the teleradiology market.
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Market Analysis and Insights
In addition, according to the World Health Organization factsheet, cancer is responsible for one of every six deaths worldwide. Furthermore, approximately 70% of cancer deaths occur in low- and middle-income countries. Teleradiology is a branch of telemedicine in which telecommunication systems are used to transmit radiological images from one location to another. Rapid developments in digital image processing technologies ensure effective image distribution across the regional, local, and global levels. The emergence and acceptance of mobile technology (mHealth) to visualize and interpret images further fuels the growth of the teleradiology market in developed nations such as the U.S., Germany, the U.K., Australia, and Japan. Widespread use of smart connected devices and related solutions confirms the effective interpretation of the medical images, thereby reducing treatment time. Hence, advancements in digital technology will enhance remote patient monitoring methodologies and accessibility to radiologists’ interpretation and consultation.
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Global Teleradiology Market Scope
China dominates the Asia-Pacific region due to an increase in healthcare expenditure.The growth among segments helps you analyze niche pockets of development and strategies to approach the market and determine your core application areas and the difference in your target markets. North America is dominating the market. The increasing investment in R&D and the increasing adoption of teleradiology as an option for formulating treatment regimens are expected to boost the market growth. The U.S. dominates the North American region due to the strong presence of advanced technology providers such as General Electric, Agfa-Gevaert Group, Koninklijke Philips N.V., FUJIFILM Corporation, and others. The U.K. dominates Europe due to the increasing demand from emerging markets and the expansion of healthcare industries.
By Type
· HARDWARE
· SYSTEMS
· SOFTWARE
· TELECOM & NETWORKING
· SERVICES
On the basis of type, the global teleradiology market is segmented into hardware, systems, software, telecom, and networking services.
By Delivery Mode
· WEB-BASED DELIVERY MODE
· CLOUD-BASED DELIVERY MODE
· ON-PREMISE DELIVERY MODE
On the basis of delivery mode, the global teleradiology market is segmented into the web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode.
By Imaging Technique
· SMALL MATRIX SIZE
· LARGE MATRIX SIZE
On the basis of imaging techniques, the global teleradiology market is segmented into small matrix size and large matrix size.
By Technology
· ADVANCED GRAPHICS PROCESSING
· VOLUME RENDERING
· MULTIPLANAR RECONSTRUCTIONS
· IMAGE COMPRESSION
On the basis of technology, the global teleradiology market is segmented into advanced graphics processing, volume rendering, multiplanar reconstructions, and image compression.
By Procedure
· TELE-CONSULTATION
· TELE-DIAGNOSIS
· TELE-MONITORING
On the basis of procedure, the global teleradiology market is segmented into teleconsultation, telediagnosis, and telemonitoring.
By Application
· CARDIOLOGY
· NEUROLOGY
· ONCOLOGY
· MUSCULOSKELETAL
· GASTROENTEROLOGY
· PELVIC AND ABDOMINAL
· GYNECOLOGY
· UROLOGY
· MAMMOGRAPHY
· DENTAL
· OTHERS
On the basis of application, the global teleradiology market is segmented into cardiology, neurology, oncology, musculoskeletal, gastroenterology, pelvic and abdominal, gynecology, urology, mammography, dental, and others.
By End Users
· HOSPITALS
· AMBULATORY SURGICAL CENTERS
· PRIVATE PHYSICIAN OFFICES
· DIAGNOSTIC IMAGING CENTERS
· OTHERS
Teleradiology Market Country Level Analysis
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. The countries covered in this market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and the rest of Europe, China, Japan, India, South Korea, Singapore, Thailand, Malaysia, Australia, Philippines, Indonesia and rest of Asia-Pacific, UAE, Israel, South Africa, Saudi Arabia, Egypt and rest of the Middle East and Africa, Brazil, Argentina and the rest of South America.
Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
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Major TOC of the Teleradiology Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Teleradiology Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus on the Global teleradiology market.
Research Methodology: Global Teleradiology Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include the Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
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