What is the Expected Teleradiology Market Size and Growth Rate?
The teleradiology market size has seen a significant acceleration in recent years, growing from $6.26 billion in 2024 to a predicted $7.34 billion in 2025, suggesting a compound annual growth rate (CAGR) of 17.4%. This increased pace can be ascribed to a shortage of radiologists, improvements in medical imaging technology, and increased speed and quality of diagnosis.
This market is forecasted to continue its rapid increase, projected to shoot up to $14.36 billion in 2029 at a compound annual growth rate (CAGR) of 18.2%. This predicted growth is attributed to global health challenges, emerging telemedicine practices, and the integration of subspecialty teleradiology services to name a few.
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What is Driving the Teleradiology Market Growth?
A key growth driver for the teleradiology market includes the rising number of imaging procedures demanding the transfer of imaging copies for examination. With the increase in computed tomography (CT) examinations by 4% per year worldwide, there is a corresponding increase in the demand for teleradiology solutions. Therefore, with the continuing rise in imaging procedures, the growth in the teleradiology market is set to soar.
How is the Teleradiology Market Segmented?
1) By Modality: X-Ray, MRI, CT Scan, Ultrasound Systems
2) By Technology: Web Based, Cloud Based
3) By Component: Hardware, Software
4) By End User: Hospitals, Diagnostic Centers, Other End Users
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Who Are The Major Players Driving the Teleradiology Market?
Key companies contributing to the teleradiology market include 4ways Healthcare Ltd., Agfa-Gevaert Group, Everlight Radiology Limited, Onrad Inc., RamSoft Inc., RadNet Inc., Virtual Radiologic Corporation, Teleradiology Solutions LLC, NightRays LLC, MEDNAX Inc., Global Diagnostics Ltd., USARAD Holdings Inc., StatRad LLC, Argus Radiology and others.
What are the Emerging Trends in the Teleradiology Market?
Collaborations and partnerships have emerged as a key trend within the teleradiology market. Larger companies operating in the teleradiology market are increasingly collaborating and partnering to develop new solutions and strengthen their market position.
Which is the Largest Region in the Teleradiology Market?
North America held the largest share of the teleradiology market in 2024. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Teleradiology Market Report 2025 Offer?
Teleradiology refers to the transmission of radiological pictures from one site to another. It is primarily used in hospitals, mobile imaging firms, and urgent care clinics. The main reason for using teleradiology is that having a radiologist on-site is expensive. The Teleradiology Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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