Global Teleradiology market is estimated at $1.94 billion in 2016 and is expected to reach $5.31 billion by 2022 growing at a CAGR of 18.3% from 2016 to 2022. Factors such as technological innovation and increase in health care expenditure owing to the rise in income levels are the prominent factors driving the market growth. Shortage of skilled professionals and low data security measure are expected to constrain the market.
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X-ray segment holds the largest market share in 2015 and Computed Tomography is anticipated to grow at higher CAGR during forecast period. By category, hardware holds the lucrative share and is expected to show the same throughout forecast period. North America accounted for the highest market share as compared to other regions owing to technological advancements and quick adoption. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period because of favourable government policies in this region.
Some of the key players in the market include Agfa HealthCare, Siemens Healthcare, StatRad
Virtual Radiology (vRAD) , ONRAD, Global Diagnostics, Everlight Radiology, Cybernet Medical Corporation, 4ways Healthcare Limited, RamSoft, Inc., Spectra AB, Telediagnostics Services Pvt. Ltd., NightHawk Radiology, Inc., ALTA VISTA TELERADIOLOGY, Argus Radiology, FujiFilm Medical Systems and Radisphere National Radiology Group, Inc.
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-Magnetic Resonance Imaging
-Telecom and networking
-Radiology Information System (RIS)
-Picture Archiving And Communication System (PACS)
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