Global Teleradiology Market Gathers Perked up Demand from Worldwide Institutions Managing Afterhours Imaging Services while Offering Daytime Reporting

The global teleradiology market is anticipated to garner a wealth of lucrative opportunities in Asia Pacific, although North America could post a higher revenue growth in the foreseeable future. With improving healthcare infrastructure and increasing outlay on wellbeing and health, the developing market for teleradiology is predicted to rise at an exponential CAGR. Other factors that could fortify the presence of Asia Pacific in the global market include high-speed broadband providers broadening their networks.

India’s Government Doon Medical College Hospital (GDMCH) opened doors to a teleradiology facility in August for visiting patients. Prior to this, the Haldwani Medical College located in a different administrative division was the only one to provide the technology in the mountainous state of Uttarakhand.

The global teleradiology market is prophesied by Transparency Market Research (TMR) to reach a valuation of US$3.6 bn by 2023 from a US$1.7 bn in 2016 at an 11.3% CAGR.

How could Wireless Technologies Create Lucrative Future?

Radiology and market research experts foresee the world teleradiology market to touch new heights of success in the coming years with the unfolding of diversified wireless technologies allowing expedited and ongoing image transfer. Players operating in the market could boast of a bright future in the business as global organizations dealing with afterhours imaging services significantly up the demand for teleradiology. This could be owing to their operations executed in different time zones and different countries while offering daytime reporting.

The world teleradiology market is envisaged to highly benefit from rapid developments triggered in technologies pertinent to digital image processing and appropriately improved internet capacities and transmission speeds. The market could set the tone for a likely commanding tone on the back of the powerful surge in healthcare spending.

The world teleradiology market could, however, experience a fall in its growth due to factors such as the dearth of proficient radiologists and technicians, deficit of imaging data security, and high cost of technology. Nevertheless, the market could rise back while riding on the snowballing promotion of digital infrastructure, especially in the healthcare industry.

How could CT Scan Market Sustain Dominance until 2025?

The international teleradiology market is envisioned to witness a bold statement to be made by computed tomography (CT) scan technology that could record an overwhelming share by 2025.  Remote patient monitoring is expected to go through a phase of continuous enhancement with the pressing penetration of CT scan in the market. Compared to x-ray and ultrasound, CT scan could make the cut in the market as a leading-edge technology. Patients are projected to access a wide range of teleradiology solutions as CT scan achieves widespread availability in small as well as medium-sized healthcare institutions.

Ultrasound is forecasted to be the next big thing in the international teleradiology market as it gains impetus from increased patient awareness, its non-invasive nature, and reduced radiation exposure.


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