The teleradiology market in Western Europe has been segmented based
on modality. X-ray, ultrasound, computed tomography (CT), magnetic
resonance imaging (MRI), and nuclear imaging are major types of
teleradiology services provided in Western Europe. The X-ray
teleradiology segment held the largest share of the market in 2014
and is likely to maintain its leadership position during forecast
period from 2014 to 2023.
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Increasing number of procedures, high awareness as it is a vintage
technique, and low cost as compared to other modalities are the key
drivers of the X-ray teleradiology segment. However, computed
tomography teleradiology is considered the most lucrative segment of
the teleradiology market in Western Europe. Ability of computed
tomography to provide 3-D images of body parts such as brain, lungs,
abdomen and heart; accuracy in diagnosis, and consistent development
in the technology are likely to make it the most lucrative segment of
the teleradiology market in Western Europe during the forecast period
from 2015 to 2023.
However, complex and in-depth images of computed tomography are
difficult to interpret, and hence need an expert radiologist.
Therefore, demand for teleradiology is anticipated to increase
rapidly during the forecast period. Ultrasound teleradiology
accounted for the second largest share of the teleradiology market in
2014, as it is a first-line modality in the diagnosis of several
abdominal disorders and during pregnancy. Additionally, low cost and
absence of ionizing radiation makes it a more preferred modality to
ultrasound. However, complexity of 3-D and 4-D images need
experienced radiologists. This further increases the scope of
teleradiology. Major countries in Western Europe such as the U.K.,
Germany, and France are facing the problem of lack of expert
radiologists.
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This increases demand for teleradiology for emergency cases or for
second opinion. Additionally, people prefer to opt for second opinion
from expert radiologists. However, lack of advanced image transfer
technology in rural areas, complex cross-border regulations, high
initial investment, and lingual differences that lead to confusion
could restrict the growth of the teleradiology market in Western
Europe during the forecast period 2015 to 2023. The nuclear imaging
segment has witnessed sluggish growth as compared to other modalities
due to requirement of sophisticated technology and adverse effects of
radiation and radioactive substances.
However, widespread use of positron emission tomography (PET) and
single photon emission computed tomography (SPECT) scanners for
cancer detection and increasing use of multimodality imaging could
propel the nuclear imaging market in Western Europe during the
forecast period. The magnetic resonance imaging segment has witnessed
moderate growth owing to high precision in diagnosis, rising
awareness in economically backward areas, and increasing brain
related disorder and injuries. Major factors restraining the magnetic
resonance imaging segment are large investment and long waiting list
due to unavailability of sophisticated magnetic resonance imaging
instruments.
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The teleradiology market in Western Europe is fragmented.
Agfa-Gevaert N.V., Cybernet Medical Corporation, ONRAD, Inc., Sectra
AB, Telemedicine Clinic, and Global Diagnostics Ltd. are the major
companies operating in the teleradiology market in Western Europe.
Additionally, several other domestic companies and hospitals provide
teleradiology services.
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