Teleradiology Services Market, by Process Type (Certified Reporting Services Process, and Preliminary Reporting), by Service Type (Emergency Nighthawk, Day Time Coverage, Sub-specialty Reading, (Cardiac Reading, Neuroradiology, Nuclear Scans, Musculoskeletal Studies), Second Opinion, Clinical Trials), by Modality (X-ray Scans, CT Scan, MRI Scan, Ultrasound Scans, Nuclear Scans, Cardiac Echo, Mammography, Electromammography), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Radiology Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Teleradiology services constitutes of medical images interpretation and analysis by a radiologist. Teleradiology services are online services which help to improve patients care and treatment. Different types of teleradiology services are emergency nighthawk, day time coverage, subspecialty reading, second opinion, and clinical trials. Launch of new and advance teleradiology products along with increasing government initiatives to promote healthcare digitalization is expected to drive the global teleradiology service market over the forecast period. Furthermore increasing prevalence of cancer is also expected to offer lucrative growth opportunities for players in the market.
Market Dynamics
Increasing product launch by major players in teleradiology service market is expected to drive the growth of global teleradiology services market, over the forecast period. For instance, on November 29, 2021, Philips, a conglomerate company, announced the launched of its CT imaging portfolio, CT 5100 – Incisive, at the Radiological Society of North America (RSNA) annual meeting held in the U.S. The CT 5100 Incisive have features such as a comprehensive suite of artificial intelligence supported abilities aimed to speed up CT workflows, increase diagnostic confidence, and maximize equipment up-time aiding imaging services in improving patient outcomes, increasing departmental effectiveness, etc. Moreover, increasing inorganic growth strategies such as acquisition is expected to propel the growth of global teleradiology service market. For instance, in December, 2020, Radiology Partners, a radiology practice in the U.S., announced the completion of its acquisition of MEDNAX Radiology Solutions, a division of MEDNAX, in a transaction valued at approximately $885 million. The combination of Radiology Partners and MEDNAX Radiology Solutions had totals more than 2,400 radiologists.
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