Teleradiology Services Market
Market Insights on Teleradiology Services covering sales outlook, demand forecast & up-to-date key trends
Teleradiology Services Market by Process Type (Certified Reporting Services Process, Preliminary Reporting), Service Type (Emergency Nighthawk, Day Time Coverage, Subspecialty Reading, Second Opinion, Clinical Trails), Modality, End User & Region - Forecast to 2016-2026
Introduction
Teleradiology is the practice of interpretation and analysis of medical images by a radiologist who is not present at the site where the images are generated. This service is utilised by hospitals, emergency care centres, telemedicine companies, and other clinics. Teleradiology services enable radiologists to use online services in order to improve patient care and treatment without the need to be physically present on site. The global teleradiology services market is estimated to reach a market valuation of US$ 1,971.4 Mn by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026)
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Increasing incidence of cancer, orthopaedic diseases, and other chronic diseases likely to boost market growth
Growth of the global teleradiology services market is mainly driven by growing incidence of chronic diseases such as cancer, tumours, and orthopaedic diseases; increasing geriatric population; and excessive hospitalisations and increasing admittance in ambulatory surgical centres and clinics. Increasing consumer awareness regarding teleradiology and easy accessibility to the technology is another key factor likely to drive the global demand for teleradiology services.
However, high cost of technology and services, image transmission issues, dearth of trained radiologists and technicians, and a low awareness in emerging economies is likely to pose major challenges for the growth of the global teleradiology services market.
Certified Reporting Services Process segment likely to dominate the global teleradiology services market through 2026
The Certified Reporting Services Process segment dominated the global market in terms of revenue in 2015 and is expected to retain its dominance throughout the forecast period. The Preliminary Reporting segment is anticipated to be the second most lucrative segment in the global teleradiology services market.
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Talk to AnalystEmergency Nighthawk service type segment expected to dominate the global teleradiology services market in revenue terms
The Emergency Nighthawk segment is anticipated to register the fastest CAGR over the forecast period. The Day Time Coverage segment is expected to be the second most lucrative segment in the global teleradiology services market.
Computerised Tomography (CT) Scans modality segment to retain its dominance between 2016 and 2026
The CT Scans segment dominated the global teleradiology services market in 2015 and is projected to remain dominant throughout the forecast period. The X-Ray Scans segment is expected to be the second most lucrative market segment.
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Hospital Pharmacies end user segment anticipated to be the most attractive segment in the global teleradiology services market
The Hospital Pharmacies segment currently accounts for the highest revenue share in the global teleradiology services market due to an increasing usage of teleradiology services in hospital ICU and CCU. The Clinics segment is expected to be the second most lucrative segment in the global teleradiology services market.
U.S most attractive regional market for teleradiology services
U.S. dominated the global teleradiology services market in terms of revenue in 2015 and is likely to emerge as the most attractive regional market. The EU5 region is projected to be the second most lucrative regional market.
The global teleradiology services market is consolidated with key players occupying a major market share
The global teleradiology services market is largely consolidated, with top players accounting for a major market value share in 2015. Some of the leading companies operating in the global teleradiology services market are Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings Inc., Vital Radiology Services, Teleradiology Providers, 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.
These established players are focussed on strategic moves such as new product launches, increasing their distribution channels, and getting into partnerships and agreements with hospitals and specialty clinics to increase the brand awareness of their product.
Market segmentation
By Process Type:
- Certified Reporting Services Process
- Preliminary Reporting
By Service Type:
- Emergency Nighthawk
- Day Time Coverage
- Subspecialty Reading
- Cardiac imaging
- Neuroradiology
- Nuclear scans
- Musculoskeletal studies
- Second Opinion
- Clinical Trails
By Modality:
- X-Ray Scans
- Computerised Tomograph (CT) Scans
- MRI Scans
- Ultrasound Scans
- Nuclear Scans
- Cardiac Echo
- Mammography
- Electromammography
By End User:
- Hospital Pharmacies
- Clinics
- Ambulatory Surgical Centres
- Radiology Centres
By Region:
- US
- OUS (International)
- Latin America
- EU5
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- Rest of the World
Frequently Asked Questions
The teleradiology services market is predicted to grow at 19% CAGR through 2032.
North America teleradiology services market holds the highest revenue potential.
The teleradiology services market is expected to surpass US$ 5,598.3 Mn by 2032.
The teleradiology services market size is anticipated to be over US$ 31,880.57 Mn in 2022.
Table of Content
1. Market - Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Market Analysis Scenario
3.1. Market Size (US$ Mn) Forecast
3.2. India Animal Healthcare Market Definition
3.2.1. Market Size and Y-o-Y Growth
3.2.2. Absolute $ Opportunity
3.3. Market Overview
3.3.1. Value Chain
3.3.2. List of Active Participants
3.3.2.1. Service Providers
3.3.2.2. End Users
4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors – Relevance and Impact
5. Global Market Analysis and Forecast, By Process Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Process Type
5.1.2. Y-o-Y Growth Projections By Process Type
5.2. Market Size (US$ Mn) Forecast By Process Type
5.2.1. Certified Reporting Services Process
5.2.2. Preliminary Reporting
5.3. Market Attractiveness Analysis By Process Type
6. Global Market Analysis and Forecast, By Service Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Service Type
6.1.2. Y-o-Y Growth Projections By Service Type
6.1.3. Comparative Analysis By Service Type
6.2. Market Size (US$ Mn) Forecast By Service Type
6.2.1. Emergency Nighthawk
6.2.2. Day Time Coverage
6.2.3. Subspecialty Reading
6.2.3.1. Cardiac imaging
6.2.3.2. Neuroradiology
6.2.3.3. Nuclear scans
6.2.3.4. Musculoskeletal studies
6.2.4. Second Opinion
6.2.5. Clinical Trails
6.3. Market Attractiveness Analysis By Service Type
7. Global Market Analysis and Forecast, By Modality
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Service Type
7.1.2. Y-o-Y Growth Projections By Service Type
7.1.3. Comparative Analysis By Service Type
7.2. Market Size (US$ Mn) Forecast By Modality
7.2.1. X-Ray Scans
7.2.2. Computerized Tomography (CT) Scans
7.2.3. MRI Scans
7.2.4. Ultrasound Scans
7.2.5. Nuclear Scans
7.2.6. Cardiac Echo
7.2.7. Mammography
7.2.8. Electromyography
7.3. Market Attractiveness Analysis By Modality
8. Global Market Analysis and Forecast, By End Users
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Service Type
8.1.2. Y-o-Y Growth Projections By Service Type
8.1.3. Comparative Analysis By Service Type
8.2. Market Size (US$ Mn) Forecast By End User
8.2.1. Hospitals
8.2.2. Clinics
8.2.3. Ambulatory Surgical Centers
8.2.4. Radiology Centers
8.2.5. Market Attractiveness Analysis By End Users
9. Global Market Analysis and Forecast, By Region
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Service Type
9.1.2. Y-o-Y Growth Projections By Service Type
9.1.3. Comparative Analysis By Service Type
9.2. Market Size (US$ Mn) Forecast By Region
9.2.1. U.S.
9.2.2. OUS
9.3. Market Attractiveness Analysis By Region
10. US Market Analysis and Forecast
10.1. Introduction
10.2. Market Size (US$ Mn) Forecast By Process Type
10.2.1. Certified Reporting Services Process
10.2.2. Preliminary Reporting
10.3. Market Size (US$ Mn) Forecast By Service Type
10.3.1. Emergency Nighthawk
10.3.2. Day Time Coverage
10.3.3. Subspecialty Reading
10.3.3.1. Cardiac imaging
10.3.3.2. Neuroradiology
10.3.3.3. Nuclear scans
10.3.3.4. Musculoskeletal studies
10.3.4. Second Opinion
10.3.5. Clinical Trails
10.4. Market Size (US$ Mn) Forecast By Modality
10.4.1. X-Ray Scans
10.4.2. Computerized Tomography (CT) Scans
10.4.3. MRI Scans
10.4.4. Ultrasound Scans
10.4.5. Nuclear Scans
10.4.6. Cardiac Echo
10.4.7. Mammography
10.4.8. Electromyography
10.5. Market Size (US$ Mn) Forecast By End User
10.5.1. Hospitals
10.5.2. Clinics
10.5.3. Ambulatory Surgical Centers
10.5.4. Radiology Centers
11. OUS Market Analysis and Forecast
11.1. Introduction
11.2. Market Size (US$ Mn) Forecast By Region Type
11.2.1. Latin America
11.2.2. EU5]
11.2.3. Rest of Europe
11.2.4. Japan
11.2.5. Asia Pacific excluding Japan
11.2.6. Rest of the World
11.3. Market Size (US$ Mn) Forecast By Process Type
11.3.1. Certified Reporting Services Process
11.3.2. Preliminary Reporting
11.4. Market Size (US$ Mn) Forecast By Service Type
11.4.1. Emergency Nighthawk
11.4.2. Day Time Coverage
11.4.3. Subspecialty Reading
11.4.3.1. Cardiac imaging
11.4.3.2. Neuroradiology
11.4.3.3. Nuclear scans
11.4.3.4. Musculoskeletal studies
11.4.4. Second Opinion
11.4.5. Clinical Trails
11.5. Market Size (US$ Mn) Forecast By Modality
11.5.1. X-Ray Scans
11.5.2. Computerized Tomography (CT) Scans
11.5.3. MRI Scans
11.5.4. Ultrasound Scans
11.5.5. Nuclear Scans
11.5.6. Cardiac Echo
11.5.7. Mammography
11.5.8. Electromyography
11.6. Market Size (US$ Mn) Forecast By End User
11.6.1. Hospitals
11.6.2. Clinics
11.6.3. Ambulatory Surgical Centers
11.6.4. Radiology Centers
12. Competition Landscape
12.1. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
12.2. Global Players
12.2.1. Teleradiology Solutions
12.2.2. Argus Radiology
12.2.3. SRL Diagnostics
12.2.4. USARAD Holdings, Inc.
12.2.5. Vital Radiology Services
12.2.6. Teleradiology Providers
12.2.7. Telemedicine Clinic
12.2.8. TeleDiagnosys Services Pvt. Ltd
12.2.9. Imaging Advantage
12.2.10. Foundation Radiology Group
12.2.11. Direct Radiology
12.2.12. Imaging On Call, LLC
12.2.13. ONRAD, Inc.
12.2.14. Rays (Envision Healthcare Company)
12.2.15. StatRad LLC
12.2.16. ARIS Radiology
12.2.17. NightShift Radiology
12.2.18. Mednax, Inc.
12.2.19. Alta Vista TeleRadiology
12.2.20. Quality Nighthawk
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List of Tables
Table 1: Global Market Analysis, By Region, 2015–2026 (US$ Mn)
Table 2: Global Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 3: Global Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 4: Global Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 5: Global Market Analysis, By End User, 2015–2026 (US$ Mn)
Table 6: U.S. Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 7: U.S. Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 8: U.S. Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 9: U.S. Market Analysis, By End User, 2015–2026 (US$ Mn)
Table 10: OUS Market Analysis, By Region, 2015–2026 (US$ Mn)
Table 11: OUS Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 12: OUS Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 13: OUS Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 14: OUS Market Analysis, By End User, 2015–2026 (US$ Mn)
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Talk to AnalystList of Charts
Figure 1: Global Market Analysis, By Region, 2016–2026 (US$ Mn)
Figure 2: Global Market Analysis, By Process Type, 2016–2026 (US$ Mn)
Figure 3: Global Market Analysis, By Service Type, 2016–2026 (US$ Mn)
Figure 4: Global Market Analysis, By Modality, 2016–2026 (US$ Mn)
Figure 5: Global Market Analysis, By End User, 2016–2026 (US$ Mn)
Figure 6: U.S. Market Analysis, By Process Type, 2016–2026 (US$ Mn)
Figure 7: U.S. Market Analysis, By Service Type, 2016–2026 (US$ Mn)
Figure 8: U.S. Market Analysis, By Modality, 2016–2026 (US$ Mn)
Figure 9: U.S. Market Analysis, By End User, 2016–2026 (US$ Mn)
Figure 10: OUS Market Analysis, By Region, 2016–2026 (US$ Mn)
Figure 11: Global Market Value (US$ Mn), 2016, 2020 & 2026
Figure 12: Global Market Y-o-Y Growth, 2016–2026
Figure 13: Global Market Value (US$ Mn) & Y-o-Y Growth (%), 2015–2026
Figure 14: Global Market Absolute $ Opportunity, 2015–2026
Figure 15: Global Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 16: Global Y-o-Y growth (%) By Service Type, 2015–2026
Figure 17: Global Market Attractiveness Analysis By Service Type, 2016–2026
Figure 18: Global Emergency Nighthawk Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 19: Global Day Time Coverage Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 20: Global Sub-speciality Reading Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 21: Global Second Opinion Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 22: Global Clinical Trials Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 23: Global Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 24: Global Y-o-Y growth (%) By Process Type, 2015–2026
Figure 25: Global Market Attractiveness Analysis By Process Type, 2016–2026
Figure 26: Global Certified Reporting Services Process Market Revenue Analysis ($ Mn), 2015–2026
Figure 27: Global Preliminary Reporting Market Revenue Analysis ($ Mn), 2015–2026
Figure 28: Global Market Share Analysis (%) By Modality, 2016 & 2026
Figure 29: Global Y-o-Y growth (%) By Modality, 2015–2026
Figure 30: Global Market Attractiveness Analysis By Modality, 2016–2026
Figure 31: Global X-ray Scans Services Market Analysis ($ Mn), 2015–2026
Figure 32: Global CT Scan Services Market Analysis ($ Mn), 2015–2026
Figure 33: Global Ultrasound Scans Services Market Analysis ($ Mn), 2015–2026
Figure 34: Global MRI Scan Services Market Analysis ($ Mn), 2015–2026
Figure 35: Global Nuclear Scans Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 36: Global Cardiac Echo Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 37: Global Mammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 38: Global Electromammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 39: Global Market Share Analysis (%) By End User, 2016 & 2026
Figure 40: Global Y-o-Y growth (%) By End User, 2015–2026
Figure 41: Global Market Attractiveness Analysis By End User, 2016–2026
Figure 42: Global Market Analysis By Hospital ($ Mn), 2015–2026
Figure 43: Global Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 44: Global Market Analysis By Clinics($ Mn), 2015–2026
Figure 45: Global Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 46: Global Market Share Analysis (%) By Region, 2016 & 2026
Figure 47: Global Y-o-Y growth (%) By Region, 2015–2026
Figure 48: Global Market Attractiveness Analysis By Region, 2016–2026
Figure 49: U.S. Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 50: U.S. Y-o-Y growth (%) By Service Type, 2015–2026
Figure 51: U.S. Market Attractiveness Analysis By Service Type, 2016–2026
Figure 52: U.S. Emergency Nighthawk Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 53: U.S. Day Time Coverage Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 54: U.S. Sub-speciality Reading Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 55: U.S. Second Opinion Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 56: U.S. Second Opinion Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 57: U.S. Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 58: U.S. Y-o-Y growth (%) By Process Type, 2015–2026
Figure 59: U.S. Market Attractiveness Analysis By Process Type, 2016–2026
Figure 60: U.S. Certified Reporting Services Process Market Revenue Analysis ($ Mn), 2015–2026
Figure 61: U.S. Preliminary Reporting Market Revenue Analysis ($ Mn), 2015–2026
Figure 62: U.S. Market Share Analysis (%) By Modality, 2016 & 2026
Figure 63: U.S. Y-o-Y growth (%) By Modality, 2015–2026
Figure 64: U.S. Market Attractiveness Analysis By Modality, 2016–2026
Figure 65: U.S. X-ray Scans Services Market Analysis ($ Mn), 2015–2026
Figure 66: U.S. CT Scan Services Market Analysis ($ Mn), 2015–2026
Figure 67: U.S. Ultrasound Scans Services Market Analysis ($ Mn), 2015–2026
Figure 68: U.S. MRI Scan Services Market Analysis ($ Mn), 2015–2026
Figure 69: U.S. Nuclear Scans Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 70: U.S. Cardiac Echo Services Market Revenue Analysis ($ Mn), 2016 –2026
Figure 71: U.S. Mammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 72: U.S. Electromammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 73: U.S. Market Share Analysis (%) By End User, 2016 & 2026
Figure 74: U.S. Y-o-Y growth (%) By End User, 2015–2026
Figure 75: U.S. Market Attractiveness Analysis By End User, 2016–2026
Figure 76: U.S. Market Analysis By Hospital ($ Mn), 2015–2026
Figure 77: U.S. Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 78: U.S. Market Analysis By Clinics($ Mn), 2015–2026
Figure 79: U.S. Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 80: OUS Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 81: OUS Y-o-Y growth (%) By Service Type, 2015–2026
Figure 82: OUS Market Attractiveness Analysis By Service Type, 2016–2026
Figure 83: OUS Emergency Nighthawk Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 84: OUS Day Time Coverage Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 85: OUS Sub-speciality Reading Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 86: OUS Second Opinion Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 87: OUS Second Opinion Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 88: OUS Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 89: OUS Y-o-Y growth (%) By Process Type, 2015–2026
Figure 90: OUS Market Attractiveness Analysis By Process Type, 2016–2026
Figure 91: OUS Certified Reporting Services Process Market Revenue Analysis ($ Mn), 2015–2026
Figure 92: OUS Preliminary Reporting Market Revenue Analysis ($ Mn), 2015–2026
Figure 93: OUS Market Share Analysis (%) By Modality, 2016 & 2026
Figure 94: OUS Y-o-Y growth (%) By Modality, 2015–2026
Figure 95: OUS Market Attractiveness Analysis By Modality, 2016–2026
Figure 96: OUS. X-ray Scans Services Market Analysis ($ Mn), 2015–2026
Figure 97: OUS CT Scan Services Market Analysis ($ Mn), 2015–2026
Figure 98: OUS Ultrasound Scans Services Market Analysis ($ Mn), 2015–2026
Figure 99: OUS MRI Scan Services Market Analysis ($ Mn), 2015–2026
Figure 100: OUS Nuclear Scans Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 101: OUS Cardiac Echo Services Market Revenue Analysis ($ Mn), 2015–2026
Figure 102: OUS Mammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 103: OUS Electromammography Services Revenue Market Analysis ($ Mn), 2015–2026
Figure 104: OUS Market Share Analysis (%) By End User, 2016 & 2026
Figure 105: OUS Y-o-Y growth (%) By End User, 2015–2026
Figure 106: OUS Market Attractiveness Analysis By End User, 2016–2026
Figure 107: OUS Market Analysis By Hospital ($ Mn), 2015–2026
Figure 108: OUS Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 109: OUS. Market Analysis By Clinics($ Mn), 2015–2026
Figure 110: OUS. Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 111: OUS Market Share Analysis (%) By Region, 2016 & 2026
Figure 112: OUS Y-o-Y growth (%) By Region, 2016–2026
Figure 113: OUS Market Attractiveness Analysis By Region, 2016–2026
Figure 114: Latin America Market Analysis ($ Mn), 2015–2026
Figure 115: EU5 Market Analysis ($ Mn), 2015–2026
Figure 116: Rest of Europe Market Analysis ($ Mn), 2015–2026
Figure 117: APEJ Market Analysis ($ Mn), 2015–2026
Figure 118: Japan Market Analysis ($ Mn), 2015–2026
Figure 119: Rest of the World Market Analysis ($ Mn), 2015–2026
Figure 120: Top Winning Strategy- Market
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