The U.S. is
anticipated to dominate the global market during the forecast period
owing to increase in adoption of advanced products, early
availability of novel medical technologies, developed health care
infrastructure, and surge in strategic acquisitions to expand
services. For instance, MEDNAX Services, Inc. enhanced its market
position by acquiring Virtual Radiologicals (vRad) in 2015. MEDNAX
offers vRad’s services and technologically advanced solutions to
its existing customers. This acquisition has broadened the company’s
service capabilities and diversified the revenue. The market in China
and India is expected to grow at a high CAGR during the forecast
period. Growth of the market is attributed to rise in incidence rate
of chronic diseases, increase in geriatric population, and surge in
demand for various diagnostic imaging procedures. The availability of
U.S. Board certified radiologists in countries such as India and
China, and rise in demand for round-the-clock services by health care
facilities located in different time zones are likely to drive the
global teleradiology services market.
Request Sample
for more Comprehensive Analysis @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=44438
Outsourcing
radiology services to well-trained radiologists, who can work for a
relatively lower fraction of cost is profitable to the health care
providers, according to macroeconomic principles. Hubs are,
therefore, emerging in price-sensitive countries in Asia to handle
the bulk of radiology reporting requirements. Radiologists providing
services to the rich and developed countries are focusing more on
improving their role as imaging consultants, which is considered to
be a value addition to patient care in certain cases. This is the
major factor likely to drive expansion of teleradiology services in
the next few years.
The report offers
detailed segmentation of the global teleradiology services market
based on services type. In terms of services type, the general
reporting segment is projected to account for the largest share of
the global market during the forecast period. Dominance of the
segment is attributed to rise in demand for time-saving and
cost-effective radiograph interpretation by health care providers
across the globe.
In terms of
coverage, the global teleradiology services market has been segmented
into day time and after hours/night time. After hours/night time is
projected to be the most attractive segment during the forecast
period. Rise in sophistication in the diagnostic imaging platform
which enables emerging countries to provide 24*7 teleradiology
services to clients is likely to propel the segment during forecast
period.
Based on specialty,
the global teleradiology services market has been segmented into
cardiology, neurology, oncology, musculoskeletal, gastroenterology,
and others. The neurology segment is projected to lead the
teleradiology services market in 2018. Dominance of this segment
during the forecast period is attributed to rise in outsourcing of
neurology scans due its complexity and difficulty in reading, as it
requires highly specialized radiologists to read neurology scans.
In terms of
modality, the computed tomography (CT) segment is projected to
account for dominant share of the global teleradiology services
market during the forecast period. The segment is likely to expand at
a CAGR of 20.0% from 2018 to 2026. Major share of the segment is
owing to its ability to distinguish between 2000 levels of density,
enabling the doctor to visualize 3D structures in the body for
accurate diagnosis.
Enquire for
Discount @
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=44438
In terms of
end-user, the global teleradiology services market has been segmented
into hospitals, diagnostic imaging centers, ambulatory surgical
centers, clinics, and others. The diagnostic imaging centers segment
accounted for the major share in 2017, accounting for 30.0% in terms
of revenue. This is because diagnostic imaging centers offer a one
stop shop for all imaging requirements, making it a preferred choice
for patients. This is expected to boost the segment from 2018 to
2026. The hospitals segment is anticipated to expand at a higher CAGR
during the forecast period due to quick service, high-quality, and
competitive pricing.
Geographically, the
global teleradiology services market has been segmented into five
major regions: North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. In terms of revenue, North America is
likely to continue to dominate the global teleradiology services
market during the forecast period, owing to a highly developed health
care sector, increased awareness among patients, and continuous
evolution of information technology. The region offers immense growth
potential in teleradiology service market. The teleradiology services
market in Asia Pacific is anticipated to expand at a significant CAGR
of 22.0% from 2018 to 2026 due to increase in awareness about
teleradiology and growth in the health care sector in countries such
as China, Japan, and India. Moreover, technological advancements and
rise in adoption of teleradiology solutions are expected to propel
the market during the forecast period.
The global
teleradiology services market is highly fragmented in terms of number
of service providers. Key players contributing to the growth of the
global teleradiology services market include Envision Healthcare
Corporation, MEDNAX Services, Inc., 4ways Healthcare Limited, Euro
American Tele Radiology, Argus Radiology, Teleradiology Solutions,
American Imaging Consultants, USARAD Holdings, Inc., ONRAD, Inc.,
Teleconsult Europe, Africa Telerad Limited, and Unilabs. These
players have adopted the strategy of inorganic growth through
partnerships, collaboration, and expansion. For instance, on November
13, 2017, Unilabs acquired Telemedicine Clinic (“TMC”), a leading
provider of teleradiology and telepathology services in Europe. This
acquisition accelerated the development and implementation of digital
processes in radiology and pathology, which will enable the company
to offer more sub-specialist reporting from top experts in their
field to end-users.
Request TOC of
the Report for Complete Review @
https://www.transparencymarketresearch.com/report-toc/44438
About Us
Transparency Market
Research is a next-generation market intelligence provider, offering
fact-based solutions to business leaders, consultants, and strategy
professionals.
Our reports are
single-point solutions for businesses to grow, evolve, and mature.
Our real-time data collection methods along with ability to track
more than one million high growth niche products are aligned with
your aims. The detailed and proprietary statistical models used by
our analysts offer insights for making right decision in the shortest
span of time. For organizations that require specific but
comprehensive information we offer customized solutions through adhoc
reports. These requests are delivered with the perfect combination of
right sense of fact-oriented problem solving methodologies and
leveraging existing data repositories.
TMR believes that
unison of solutions for clients-specific problems with right
methodology of research is the key to help enterprises reach right
decision.
US Office
Contact
90 State Street,
Suite 700
Albany, NY 12207
Tel:
+1-518-618-1030
USA - Canada Toll
Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
https://www.transparencymarketresearch.com
