Market Research Report
Teleradiology Services Market Size, Share & Trends Analysis By Type (Inhouse, Onshore, Offshore), By Modality (CT, X-Rays, MRI, Ultrasound, PET-CT Scan, Mammography), And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||923663|
|Published||Content info||110 Pages
Delivery time: 2-3 business days
|Teleradiology Services Market Size, Share & Trends Analysis By Type (Inhouse, Onshore, Offshore), By Modality (CT, X-Rays, MRI, Ultrasound, PET-CT Scan, Mammography), And Segment Forecasts, 2019 - 2025|
|Published: December 4, 2019||Content info: 110 Pages||
The global teleradiology services market size is expected to reach USD 25.9 billion by 2025, registering a CAGR of 2.3% over the forecast period, according to a new report published by Grand View Research, Inc. Shortage of radiologists in several countries has increased the adoption of teleradiology services in recent years. According to the 2017 workforce report by the Royal College of Radiologists (RCR), U.K., the National Health Service (NHS) spent USD 150 Million for outsourcing patient radiology scans due to shortage of radiologists. Moreover, several factors, such as need for after working hour coverage, lower reporting cost, and short Turn-Around-Time (TAT) have led to an increase in outsourcing of teleradiology services.
Growing government reforms for teleradiology are promoting adoption of teleradiology services by the hospitals and radiology centers especially in rural areas. For instance, according to an article published by the Indian Express in September 2019, the government of Maharashtra, India plans to partner with private teleradiology providers to curb the shortage of radiologists in rural areas in the state. Moreover, in recent years, the penetration of Picture Archiving & Communication Systems (PACS) and Radiology Information System (RIS) is increasing significantly in developed countries such as Italy, Germany, and U.K. The availability of PACS has facilitated the adoption of onshore as well as inhouse teleradiology services.
Recently, teleradiology service providers have increased their focus on geographical expansion to increase their market presence. For instance, in 2014, USARAD Holdings, Inc. and its consumer division SecondOpinions.com entered into a partnership with General Hospital of Ningxia Medical University. Through this partnership, SecondOpinions.com aimed to provide teleradiology and telemedicine services to the hospital. Likewise, in June 2014, SecondOpinions.com launched its telemedicine and teleradiology platform in Russia, with an aim to provide teleradiology and telemedicine services to Russian hospitals and imaging centers.