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Global Teleradiology Market report has a chapter on the global market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. The report puts light on the change in the market which is taking place due to the moves of key players and brands such as product launches, joint ventures, mergers and acquisitions that in turn modifies the view of the global face of HELATH industry. Analysis and discussion of important industry trends, market size, market share estimates are also covered in the first class Global Teleradiology Market report.
Teleradiology is a branch of telemedicine in which telecommunication systems are used to transmit radiological images from one location to another. Rapid developments in digital image processing technologies ensure effective image distribution across the regional, local, and global levels. The emergence and acceptance of mobile technology (mHealth) to visualize and interpret images further fuels the growth of the teleradiology market in developed nations such as the U.S., Germany, the U.K., Australia, and Japan. Widespread use of smart connected devices and related solutions confirms the effective interpretation of the medical images, thereby reducing treatment time. Hence, advancements in digital technology will enhance remote patient monitoring methodologies and accessibility to radiologists’ interpretation and consultation.
Data Bridge Market Research analyzes that the Global teleradiology market is expected to reach the value of USD 5,910.05 million by 2029, at a CAGR of 18.5% during the forecast period. Services account for the largest type segment in the market due to increasing teleradiology services among the global population. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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In addition, according to the World Health Organization factsheet, cancer is responsible for one of every six deaths worldwide. Furthermore, approximately 70% of cancer deaths occur in low- and middle-income countries. The increase in the funding by the federal government to drive the adoption of these solutions further influence the market. Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the teleradiology market.
Teleradiology is a medical method that captures visuals of the internal anatomy and function of the body that helps in the process of medical diagnosis or therapy. Interpreting all noninvasive imaging studies, such as digitized x-rays, CT, MRI, ultrasound, and nuclear medicine studies, can be carried out in such a manner. It can capture medical images in one location and facilitate or transmit them over a range so that a radiologist can view and interpret them for diagnostic or consultative purposes. Teleradiology is extensively used in telemonitoring, teleconsultation, and telediagnosis, enabling radiologists to perform their daily work effectively. Teleradiology enables effective on-site solutions through real-time interpretation and global cloud networks. Teleradiology primarily aids medical personnel in accessing patient information regardless of location, enhancing diagnostic coverage. Teleradiology services present extensive applications for radiologists to use web services that improve patients’ care and therapies without the requirement to be physically present on site.
Drivers
The rise in imaging procedures is expected to drive the demand for teleradiology solutions for reliability and efficiency. Advanced diagnostic imaging, including diagnostic magnetic resonance imaging (MRI), computed tomography (CT), and nuclear medicine imaging, such as positron emission tomography (PET), has attracted many new providers. There has been a proliferation in the volume of diagnostic medical imaging services prescribed by practitioners, including radiologists.
CT scans account for a quarter of all Americans exposed to radiation. A high level of engineering and expertise is required to manage advanced and sophisticated diagnostic imaging systems, thus driving the growing complexity of cases with a lack of appropriate resources. Adopting remote sensing solutions has contributed significantly to narrowing the rural-urban disparity in many emerging countries, including India and Brazil, as well as in developed economies such as the United States, the United Kingdom, and Germany. These solutions are more practical and economical as they eliminate travel and allow radiologists to work from anywhere. The shortage of qualified radiologists has further increased the demand for radiology services.
Advanced imaging procedures for teleradiology are expected to help the market get more accurate results quickly and propel the global teleradiology market growth in the forecasted period.
Artificial intelligence is one of the most promising breakthroughs in teleradiology. It is estimated that the number of publications on AI in radiology has grown from an average of 100-150 research publications per year to 700-800 per year over the past decade. Among all major imaging modalities, the acceptance of AI is higher in CT and MRI systems. Depending on the application, AI is also used primarily in neuroradiology. Several players in this market are expanding their AI offerings.
AI has been embedded in numerous medical institutions worldwide and has proven itself a valuable partner in the radiology environment. Global Diagnostics Australia (GDA), an Integral Diagnostics Group (IDG) subsidiary, was one of the first Australian diagnostics companies to deploy AI as part of their radiology workflow. The company integrated high-end algorithms into the care management path to accelerate patient care and treatment of head, neck, and chest conditions. The additional benefit of AI in teleradiology is that Artificial intelligence helps radiologists quickly analyze image and data registries to understand patient conditions better, enhance their clinical role, and become part of the core management team. AI picks up enough weight that the radiologist can focus on the complex cases that require their specialist attention.
Artificial intelligence (AI) can help create an inbuilt system that prioritizes cases based on their protocol requirement. For example, cases of trauma and stroke can be prioritized and assigned to the radiologist’s work lists, thereby saving many lives.
Recent Developments
Key Market Competitors Covered in the report
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Global Teleradiology Market Scope
The global teleradiology market is segmented into type, delivery mode, imaging technique, technology, procedure, application, site, age, mode of purchase, and end-user. The growth among segments helps you analyze niche pockets of development and strategies to approach the market and determine your core application areas and the difference in your target markets.
By Type
On the basis of type, the global teleradiology market is segmented into hardware, systems, software, telecom, and networking services.
By Delivery Mode
On the basis of delivery mode, the global teleradiology market is segmented into the web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode.
By Imaging Technique
On the basis of imaging techniques, the global teleradiology market is segmented into small matrix size and large matrix size.
By Technology
On the basis of technology, the global teleradiology market is segmented into advanced graphics processing, volume rendering, multiplanar reconstructions, and image compression.
By Procedure
On the basis of procedure, the global teleradiology market is segmented into teleconsultation, telediagnosis, and telemonitoring.
By Application
On the basis of application, the global teleradiology market is segmented into cardiology, neurology, oncology, musculoskeletal, gastroenterology, pelvic and abdominal, gynecology, urology, mammography, dental, and others.
By Site
On the basis of site, the global teleradiology market is segmented in-house, offshore, and onshore.
By Age
On the basis of age, the global teleradiology market is segmented into pediatric, geriatric, and adult.
By Mode Of Purchase
On the basis of mode of purchase, the global teleradiology market is segmented into group purchases and individual purchases.
By End Users
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