Published by Coherent Market Insights
Posted on September 17, 2021
6 min readLast updated: February 5, 2026
The Teleradiology Services Market is set to grow significantly, reaching $16,143.1 Million by 2027, driven by new product launches and rising demand.
Teleradiology Services Market Size And Forecast
The global Teleradiology Services market was valued at US$ 3,490.0 million in 2019 and is projected to reach US$ 16,143.1 Million by 2027, growing At a CAGR of 21.0% from 2020 to 2027.
Teleradiology is the practice of medical images interpretation and analysis by a radiologist who is not present at the site where the images were generated. This service is utilized by hospitals, emergency care centers, telemedicine companies, and other clinics. Teleradiology services enable radiologists to use online services in order to improve patients care and treatment without the need to be physically present on site.
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What are Teleradiology Services?
Teleradiology refers to the practice of a radiologist interpreting medical images while not physically present in the location where the images are generated. Hospitals, mobile imaging companies, urgent care facilities and even some private practices utilize teleradiology. Teleradiology refers to the practice of a radiologist interpreting medical images while not physically present in the location where the images are generated. Hospitals, mobile imaging companies, urgent care facilities and even some private practices utilize teleradiology. The main idea behind the use of teleradiology is that it is expensive to have a radiologist on-site.
Launch of new products and services in teleradiology is expected to propel growth of the global teleradiology services market over the forecast period. For instance, in September 2019, Life Image launched Real World Imaging offering to respond to researcher needs for maturing insights and accelerating drug development decisions
Global Teleradiology Services Market: Opportunities
Increasing prevalence of cancer is expected to offer lucrative growth opportunities for players in the market. For instance, according to the World Health Organization, cervical cancer is the fourth most frequent cancer in women with an estimated 570,000 new cases in 2018 representing 6.6% of all female cancers.
Global Teleradiology Services Market: Restraints
The fundamental requirement of teleradiology service providers is skilled radiologists. Globally, the demand for radiology services is increasing. However, due to limited number of skilled radiologists, the growth of the market is expected to be stagnant.
Key Takeaways:
The global teleradiology services market was valued at US$ 3,490.0 Mn in 2019 and is forecast to reach a value of US$ 16,143.1 Mn by 2027 at a CAGR of 21.0% between 2020 and 2027. Increasing product launches with advance technology during the forecasted period is expected to propel the growth of the market.
CT scan segment held dominant position in the global teleradiology services market in 2019, accounting for 21.5% share in terms of value, followed by X-ray Scans and Ultrasound Scans, respectively. Increasing incidence and prevalence of chronic diseases such as cancer in developed and developing economies is anticipated to drive the growth of the segment during the forecast period.
Market Trends
Emergence of pandemic and lockdown scenarios are expected to aid in growth of the global teleradiology services market. For instance, according to the World Health Organization, the number of cases of COVID-19 reached 2,402,250 as of April 22, 2020.
Increasing expenditure on orthopedic diseases is also expected to aid n growth of the market. For instance, according to the study, “Mortality, disability, and healthcare expenditure of patients with seropositive rheumatoid arthritis in Korea: A nationwide population-based study”, published in the journal PLOS One in January 2019, the annual health expenditures were significantly larger for patients with rheumatoid arthritis than for controls.
Detailed Segmentation:
By Process Type:
By Service Type:
By Modality:
By End User:
Teleradiology Services Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Teleradiology Services Market
The “Global Teleradiology Services Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Virtual Radiologic (vRAD), NightHawk Radiology, Inc., Sectra Imtec AB, StatRad, LLC, Agfa-Gevaert N.V., ONARD, Global Diagnostics, Everlight Radiology, 4ways Healthcare Limited, RamSoft, Inc., Sectra AB, Health Watch Tele Diagnostics Pvt. Ltd., Alta Vista Teleradiology, Argus Radiology, ONRAD, Inc., FujiFilm Medical Systems.
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Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
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Market dynamics scenario, along with growth opportunities of the market in the years to come
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The post Teleradiology Services Market Will Generate New Growth Opportunities in Upcoming Year appeared first on Gatorledger.
The article discusses the growth and opportunities in the Teleradiology Services Market.
Teleradiology involves remote interpretation of medical images by radiologists not present at the image generation site.
New product launches and increasing demand for remote radiology services drive market growth.
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