Teleradiology Services Market: U.S Most Attractive Regional Market for Teleradiology Services: Global Industry Analysis and Opportunity Assessment, 2016–2026
- No. of Pages: 134
- Published: 2016-11-10
- Report Code: REP-GB-2100
-
Format:
An Incisive, In-depth Analysis on the Teleradiology Services Market
This study offers a comprehensive, 360 degree analysis on the Teleradiology Services market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Teleradiology Services market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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).
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.
Market segmentation
| By Process Type | By Service Type | By Modality | By End User | By Region |
|---|---|---|---|---|
|
|
|
|
|
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.
Emergency 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.
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.
Future Market Insights analyses the global teleradiology services market in a new report titled “Teleradiology Services Market: Global Industry Analysis and Opportunity Assessment, 2016–2026”. The primary objective of this report is to offer updates and information related to market opportunities in the global teleradiology services market over a 10-year forecast period (2016 – 2026). In this study, we reveal the key market trends and dynamics impacting the global teleradiology services market over the forecast period. Insights on major drivers, restraints, value forecasts, and opportunities for companies operating in the global teleradiology services market are presented in detail in our comprehensive market report.
Report description
The global teleradiology services market report begins by defining teleradiology and the various types of services and processes used by teleradiologists. This is followed by an overview of market dynamics impacting the global teleradiology services market, which includes our analysis of key trends, drivers, restraints, opportunities, and the regulatory and reimbursement scenario influencing the growth of the global teleradiology services market. Our analysis also includes an insight into region wise trends impacting market growth. We have included impact analysis of key growth drivers and restraints based on the weighted average model after detailed analysis of individual regions to better equip our readers with meaningful insights on ongoing developments in the global teleradiology services market.
We have split the report into five sections based on market segmentation – based on Process Type, Service Type, Modality, End User, and Region. A detailed analysis has been provided for these segments in terms of market size, Y-o-Y growth rate, absolute $ opportunity, and BPS analysis. Our report also discusses key regional trends contributing to the revenue growth of teleradiology services tests worldwide and analyses the impact of drivers and restraints in each region. The subsequent sections analyse the global teleradiology services market on the basis of process type, service type, modality, end user, and region and provide a comprehensive market outlook (evaluating the present market scenario and future growth prospects) from 2016 to 2026. We have considered 2015 as the base year and provided data for the forecast period, i.e., 2016–2026.
In the final section of the report, we have included a competitive landscape to provide report audiences with a dashboard view of key players operating in the global teleradiology services market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key manufacturers in the global teleradiology services value chain and potential market players. Report audiences can gain segment-specific company insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success factors. Detailed profiles of teleradiology services providers are included in the scope of our report to evaluate their long-term and short-term strategies, key offerings, SWOT analysis, and recent developments in the global teleradiology services market.
Research methodology
To ascertain the global teleradiology services market size, we have considered the revenue generated by companies functioning in the global teleradiology services market. The forecast presented here assesses the total revenue by value across the global teleradiology services market. To offer an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global teleradiology services market is expected to develop in future. Given the characteristics of the market, we have triangulated the outcome of three different types of analysis based on supply side, downstream industry demand, and the economic envelope.
Given the ever-fluctuating nature of the global economy, we have not only conducted our forecasts in terms of CAGR, but have also analysed the global teleradiology services market based on key parameters such as year-on-year (Y-o-Y) growth rates to understand market predictability and to identify the right opportunities across the global teleradiology services market. We have also analysed the different market segments in terms of Basis Point Share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying various key trends governing the global teleradiology services market.
Another key feature of our report is the analysis of key segments in terms of absolute dollar opportunity, usually overlooked while forecasting the market. Absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve as well as to identify potential resources from a sales and delivery perspective in the global teleradiology services market. Furthermore, to understand key market segments in terms of growth and sales of teleradiology services globally, Future Market Insights has developed the global teleradiology services market ‘Attractiveness Index’ to help providers identify real market opportunities in the global teleradiology services market.
Teleradiology Services Market Reports - Table of Contents
1. Teleradiology Services Market - Executive Summary
Teleradiology Services Market Reports - List of Tables
Table 1: Global Teleradiology Services Market Analysis, By Region, 2015–2026 (US$ Mn)
Table 2: Global Teleradiology Services Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 3: Global Teleradiology Services Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 4: Global Teleradiology Services Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 5: Global Teleradiology Services Market Analysis, By End User, 2015–2026 (US$ Mn)
Table 6: U.S. Teleradiology Services Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 7: U.S. Teleradiology Services Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 8: U.S. Teleradiology Services Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 9: U.S. Teleradiology Services Market Analysis, By End User, 2015–2026 (US$ Mn)
Table 10: OUS Teleradiology Services Market Analysis, By Region, 2015–2026 (US$ Mn)
Table 11: OUS Teleradiology Services Market Analysis, By Process Type, 2015–2026 (US$ Mn)
Table 12: OUS Teleradiology Services Market Analysis, By Service Type, 2015–2026 (US$ Mn)
Table 13: OUS Teleradiology Services Market Analysis, By Modality, 2015–2026 (US$ Mn)
Table 14: OUS Teleradiology Services Market Analysis, By End User, 2015–2026 (US$ Mn)
Teleradiology Services Market Reports - List of Figures
Figure 1: Global Teleradiology Services Market Analysis, By Region, 2016–2026 (US$ Mn)
Figure 2: Global Teleradiology Services Market Analysis, By Process Type, 2016–2026 (US$ Mn)
Figure 3: Global Teleradiology Services Market Analysis, By Service Type, 2016–2026 (US$ Mn)
Figure 4: Global Teleradiology Services Market Analysis, By Modality, 2016–2026 (US$ Mn)
Figure 5: Global Teleradiology Services Market Analysis, By End User, 2016–2026 (US$ Mn)
Figure 6: U.S. Teleradiology Services Market Analysis, By Process Type, 2016–2026 (US$ Mn)
Figure 7: U.S. Teleradiology Services Market Analysis, By Service Type, 2016–2026 (US$ Mn)
Figure 8: U.S. Teleradiology Services Market Analysis, By Modality, 2016–2026 (US$ Mn)
Figure 9: U.S. Teleradiology Services Market Analysis, By End User, 2016–2026 (US$ Mn)
Figure 10: OUS Teleradiology Services Market Analysis, By Region, 2016–2026 (US$ Mn)
Figure 11: Global Teleradiology Services Market Value (US$ Mn), 2016, 2020 & 2026
Figure 12: Global Teleradiology Services Market Y-o-Y Growth, 2016–2026
Figure 13: Global Teleradiology Services Market Value (US$ Mn) & Y-o-Y Growth (%), 2015–2026
Figure 14: Global Teleradiology Services Market Absolute $ Opportunity, 2015–2026
Figure 15: Global Teleradiology Services Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 16: Global Teleradiology Services Y-o-Y growth (%) By Service Type, 2015–2026
Figure 17: Global Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 24: Global Teleradiology Services Y-o-Y growth (%) By Process Type, 2015–2026
Figure 25: Global Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By Modality, 2016 & 2026
Figure 29: Global Teleradiology Services Y-o-Y growth (%) By Modality, 2015–2026
Figure 30: Global Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By End User, 2016 & 2026
Figure 40: Global Teleradiology Services Y-o-Y growth (%) By End User, 2015–2026
Figure 41: Global Teleradiology Services Market Attractiveness Analysis By End User, 2016–2026
Figure 42: Global Teleradiology Services Market Analysis By Hospital ($ Mn), 2015–2026
Figure 43: Global Teleradiology Services Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 44: Global Teleradiology Services Market Analysis By Clinics($ Mn), 2015–2026
Figure 45: Global Teleradiology Services Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 46: Global Teleradiology Services Market Share Analysis (%) By Region, 2016 & 2026
Figure 47: Global Teleradiology Services Y-o-Y growth (%) By Region, 2015–2026
Figure 48: Global Teleradiology Services Market Attractiveness Analysis By Region, 2016–2026
Figure 49: U.S. Teleradiology Services Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 50: U.S. Teleradiology Services Y-o-Y growth (%) By Service Type, 2015–2026
Figure 51: U.S. Teleradiology Services 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. Teleradiology Services Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 58: U.S. Teleradiology Services Y-o-Y growth (%) By Process Type, 2015–2026
Figure 59: U.S. Teleradiology Services 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. Teleradiology Services Market Share Analysis (%) By Modality, 2016 & 2026
Figure 63: U.S. Teleradiology Services Y-o-Y growth (%) By Modality, 2015–2026
Figure 64: U.S. Teleradiology Services 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. Teleradiology Services Market Share Analysis (%) By End User, 2016 & 2026
Figure 74: U.S. Teleradiology Services Y-o-Y growth (%) By End User, 2015–2026
Figure 75: U.S. Teleradiology Services Market Attractiveness Analysis By End User, 2016–2026
Figure 76: U.S. Teleradiology Services Market Analysis By Hospital ($ Mn), 2015–2026
Figure 77: U.S. Teleradiology Services Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 78: U.S. Teleradiology Services Market Analysis By Clinics($ Mn), 2015–2026
Figure 79: U.S. Teleradiology Services Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 80: OUS Teleradiology Services Market Share Analysis (%) By Service Type, 2016 & 2026
Figure 81: OUS Teleradiology Services Y-o-Y growth (%) By Service Type, 2015–2026
Figure 82: OUS Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By Process Type, 2016 & 2026
Figure 89: OUS Teleradiology Services Y-o-Y growth (%) By Process Type, 2015–2026
Figure 90: OUS Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By Modality, 2016 & 2026
Figure 94: OUS Teleradiology Services Y-o-Y growth (%) By Modality, 2015–2026
Figure 95: OUS Teleradiology Services 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 Teleradiology Services Market Share Analysis (%) By End User, 2016 & 2026
Figure 105: OUS Teleradiology Services Y-o-Y growth (%) By End User, 2015–2026
Figure 106: OUS Teleradiology Services Market Attractiveness Analysis By End User, 2016–2026
Figure 107: OUS Teleradiology Services Market Analysis By Hospital ($ Mn), 2015–2026
Figure 108: OUS Teleradiology Services Market Analysis By Ambulatory Surgical Centers ($ Mn), 2015–2026
Figure 109: OUS. Teleradiology Services Market Analysis By Clinics($ Mn), 2015–2026
Figure 110: OUS. Teleradiology Services Market Analysis By Radiology Centers ($ Mn), 2015–2026
Figure 111: OUS Teleradiology Services Market Share Analysis (%) By Region, 2016 & 2026
Figure 112: OUS Teleradiology Services Y-o-Y growth (%) By Region, 2016–2026
Figure 113: OUS Teleradiology Services Market Attractiveness Analysis By Region, 2016–2026
Figure 114: Latin America Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 115: EU5 Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 116: Rest of Europe Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 117: APEJ Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 118: Japan Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 119: Rest of the World Teleradiology Services Market Analysis ($ Mn), 2015–2026
Figure 120: Top Winning Strategy- Teleradiology Services Market
Get in touch
Harish Tiwari
Global Head - Business Development
Our Clients
CASE STUDIES
See how our work makes an impact.
At FMI, we design strategies that are adaptive, impactful, and implementable.