Teleradiology Market: Historic industry size and analysis of 15 vendors and 7 countries – Technavio

NEW YORK, Dec. 1, 2022 /PRNewswire/ — The teleradiology market size is forecasted to increase by USD 2,804.51 million from 2022 to 2027, at a CAGR of 15.52%, according to the recent market study by Technavio. The growth of the market will be driven by the increasing prevalence of diseases, technological advances and upgrades in teleradiology modalities, and government initiatives encouraging the adoption of IT in healthcare.

Technavio categorizes the global teleradiology market as a part of the healthcare technology market, which covers the revenue generated from the sales of healthcare applications and IT systems, Internet-based healthcare tools, and IT consulting services to clinics, hospitals, or businesses operating primarily in the healthcare sector.

Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report

Technavio has extensively analyzed 15 major vendors, including 4ways Healthcare Ltd., Agfa Gevaert Group, Everlight Radiology, Fujifilm Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Medica Group PLC, MedWeb, Mirada Medical Ltd., Nano X Imaging Ltd., NovaRad Enterprise Healthcare Solutions, NucleusHealth, Oracle Corp., Radiology Partners, RamSoft Inc., Siemens AG, TeleDiagnostic Solutions Pvt. Ltd., Telerad Tech, and WebRad.

Key benefits for industry players and stakeholders –

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future – To get requisite details, ask for a custom report.

Customer landscape – Analysis of price sensitivity, adoption lifecycle, customer purchase basket, adoption rates, and purchase criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the teleradiology market by industry experts to evaluate and develop growth strategies.

The market is segmented by component  (hardware, software, and telecom and networking) and modality (CT, X-ray, ultrasound, MRI, and nuclear imaging).

Segmentation by component (inclusion/exclusion)

  • Inclusion: 
    • Hardware:

The hardware segment grew gradually by USD 685.42 million between 2017 and 2021. This segment includes videoconferencing units and store-and-forward units. Videoconferencing units enable connections between multiple parties based at various locations. It also allows sharing of documents and other information between participants. There are four main types of videoconferencing systems, namely desktops, roll-about, room-based, and set-top.

To get detailed insights about inclusions and exclusions, buy report.

Related reports –

Digital health market by application, component, and geography – Forecast and analysis 2023-2027 – size is estimated to increase by USD 563.59 billion from 2022 to 2027, with an accelerated CAGR of 25.8%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentation by application (wireless health, mobile health, EHR, and telehealth), component (software, services, and hardware), and geography (North America, Europe, Asia, and Rest of World (ROW)). 

Smart healthcare market by solution and geography – Forecast and analysis 2022-2026 – size is estimated to increase USD 96.25 billion from 2021 to 2026, with an accelerated CAGR of 8.46%, according to the recent market study by Technavio. The growing demand for remote health monitoring is one of the key factors driving the market growth.

What are the key data covered in the smart healthcare market?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the smart healthcare market between 2023 and 2027
  • Precise estimation of the size of the smart healthcare market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the smart healthcare market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of smart healthcare market vendors

Teleradiology Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic Period

2017 -2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.52%

Market growth 2023-2027

USD 2,804.51 million

Market structure

Fragmented

YoY growth (%)

14.5

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing contribution

North America at 34%

Key countries

US, UK, France, China, and India

Competitive landscape

Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Companies profiled

4ways Healthcare Ltd., Agfa Gevaert Group, Everlight Radiology, Fujifilm Corp., General Electric Co., Koninklijke Philips NV, McKesson Corp., Medica Group PLC, MedWeb, Mirada Medical Ltd., Nano X Imaging Ltd., NovaRad Enterprise Healthcare Solutions, NucleusHealth, Oracle Corp., Radiology Partners, RamSoft Inc., Siemens AG, TeleDiagnostic Solutions Pvt. Ltd., Telerad Tech, and WebRad

Market Dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s Health Care Market Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Modality
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global teleradiology market 2017 – 2021
    • Exhibit 18: Historic Market Size – Data Table on Global teleradiology market 2017 – 2021 ($ million)
  • 4.2 Component Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Component Segment 2017 – 2021 ($ million)
  • 4.3 Modality Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Modality Segment 2017 – 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Component

  • 6.1 Market segments 
    • Exhibit 30: Chart on Component – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Component – Market share 2022-2027 (%)
  • 6.2 Comparison by Component 
    • Exhibit 32: Chart on Comparison by Component
    • Exhibit 33: Data Table on Comparison by Component
  • 6.3 Hardware – Market size and forecast 2022-2027
    • Exhibit 34: Chart on Hardware – Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Hardware – Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Hardware – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Hardware – Year-over-year growth 2022-2027 (%)
  • 6.4 Software – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Software – Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Software – Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Software – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Software – Year-over-year growth 2022-2027 (%)
  • 6.5 Telecom and networking – Market size and forecast 2022-2027 
    • Exhibit 42: Chart on Telecom and networking – Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Telecom and networking – Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Telecom and networking – Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Telecom and networking – Year-over-year growth 2022-2027 (%)
  • 6.6 Market opportunity by Component 
    • Exhibit 46: Market opportunity by Component ($ million)

7 Market Segmentation by Modality

  • 7.1 Market segments 
    • Exhibit 47: Chart on Modality – Market share 2022-2027 (%)
    • Exhibit 48: Data Table on Modality – Market share 2022-2027 (%)
  • 7.2 Comparison by Modality 
    • Exhibit 49: Chart on Comparison by Modality
    • Exhibit 50: Data Table on Comparison by Modality
  • 7.3 CT – Market size and forecast 2022-2027
    • Exhibit 51: Chart on CT – Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on CT – Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on CT – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on CT – Year-over-year growth 2022-2027 (%)
  • 7.4 X-ray – Market size and forecast 2022-2027
    • Exhibit 55: Chart on X-ray – Market size and forecast 2022-2027 ($ million)
    • Exhibit 56: Data Table on X-ray – Market size and forecast 2022-2027 ($ million)
    • Exhibit 57: Chart on X-ray – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on X-ray – Year-over-year growth 2022-2027 (%)
  • 7.5 Ultrasound – Market size and forecast 2022-2027
    • Exhibit 59: Chart on Ultrasound – Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Ultrasound – Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Ultrasound – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Ultrasound – Year-over-year growth 2022-2027 (%)
  • 7.6 MRI – Market size and forecast 2022-2027
    • Exhibit 63: Chart on MRI – Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on MRI – Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on MRI – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on MRI – Year-over-year growth 2022-2027 (%)
  • 7.7 Nuclear imaging – Market size and forecast 2022-2027
    • Exhibit 67: Chart on Nuclear imaging – Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on Nuclear imaging – Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on Nuclear imaging – Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Nuclear imaging – Year-over-year growth 2022-2027 (%)
  • 7.8 Market opportunity by Modality 
    • Exhibit 71: Market opportunity by Modality ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 75: Chart on Geographic comparison
    • Exhibit 76: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 81: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 Asia – Market size and forecast 2022-2027
    • Exhibit 85: Chart on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on Asia – Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on Asia – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on Asia – Year-over-year growth 2022-2027 (%)
  • 9.6 Rest of World (ROW) – Market size and forecast 2022-2027
    • Exhibit 89: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)
  • 9.7 US – Market size and forecast 2022-2027
    • Exhibit 93: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.8 UK – Market size and forecast 2022-2027
    • Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.9 France – Market size and forecast 2022-2027
    • Exhibit 101: Chart on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on France – Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on France – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on France – Year-over-year growth 2022-2027 (%)
  • 9.10 China – Market size and forecast 2022-2027
    • Exhibit 105: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.11 India – Market size and forecast 2022-2027
    • Exhibit 109: Chart on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 9.12 Market opportunity by geography 
    • Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 116: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 117: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 118: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 119: Matrix on vendor position and classification
  • 12.3 Agfa Gevaert Group 
    • Exhibit 120: Agfa Gevaert Group – Overview
    • Exhibit 121: Agfa Gevaert Group – Product / Service
    • Exhibit 122: Agfa Gevaert Group – Key offerings
  • 12.4 Everlight Radiology 
    • Exhibit 123: Everlight Radiology – Overview
    • Exhibit 124: Everlight Radiology – Product / Service
    • Exhibit 125: Everlight Radiology – Key offerings
  • 12.5 Fujifilm Corp. 
    • Exhibit 126: Fujifilm Corp. – Overview
    • Exhibit 127: Fujifilm Corp. – Product / Service
    • Exhibit 128: Fujifilm Corp. – Key offerings
  • 12.6 McKesson Corp. 
    • Exhibit 129: McKesson Corp. – Overview
    • Exhibit 130: McKesson Corp. – Business segments
    • Exhibit 131: McKesson Corp. – Key offerings
    • Exhibit 132: McKesson Corp. – Segment focus
  • 12.7 MedWeb 
    • Exhibit 133: MedWeb – Overview
    • Exhibit 134: MedWeb – Product / Service
    • Exhibit 135: MedWeb – Key offerings
  • 12.8 Nano X Imaging Ltd. 
    • Exhibit 136: Nano X Imaging Ltd. – Overview
    • Exhibit 137: Nano X Imaging Ltd. – Product / Service
    • Exhibit 138: Nano X Imaging Ltd. – Key offerings
  • 12.9 NovaRad Enterprise Healthcare Solutions
    • Exhibit 139: NovaRad Enterprise Healthcare Solutions – Overview
    • Exhibit 140: NovaRad Enterprise Healthcare Solutions – Product / Service
    • Exhibit 141: NovaRad Enterprise Healthcare Solutions – Key offerings
  • 12.10 NucleusHealth 
    • Exhibit 142: NucleusHealth – Overview
    • Exhibit 143: NucleusHealth – Product / Service
    • Exhibit 144: NucleusHealth – Key offerings
  • 12.11 Oracle Corp. 
    • Exhibit 145: Oracle Corp. – Overview
    • Exhibit 146: Oracle Corp. – Business segments
    • Exhibit 147: Oracle Corp. – Key news
    • Exhibit 148: Oracle Corp. – Key offerings
    • Exhibit 149: Oracle Corp. – Segment focus
  • 12.12 Radiology Partners 
    • Exhibit 150: Radiology Partners – Overview
    • Exhibit 151: Radiology Partners – Product / Service
    • Exhibit 152: Radiology Partners – Key offerings
  • 12.13 RamSoft Inc. 
    • Exhibit 153: RamSoft Inc. – Overview
    • Exhibit 154: RamSoft Inc. – Product / Service
    • Exhibit 155: RamSoft Inc. – Key offerings
  • 12.14 Siemens AG 
    • Exhibit 156: Siemens AG – Overview
    • Exhibit 157: Siemens AG – Business segments
    • Exhibit 158: Siemens AG – Key news
    • Exhibit 159: Siemens AG – Key offerings
    • Exhibit 160: Siemens AG – Segment focus
  • 12.15 TeleDiagnostic Solutions Pvt. Ltd. 
    • Exhibit 161: TeleDiagnostic Solutions Pvt. Ltd. – Overview
    • Exhibit 162: TeleDiagnostic Solutions Pvt. Ltd. – Product / Service
    • Exhibit 163: TeleDiagnostic Solutions Pvt. Ltd. – Key offerings
  • 12.16 Telerad Tech 
    • Exhibit 164: Telerad Tech – Overview
    • Exhibit 165: Telerad Tech – Product / Service
    • Exhibit 166: Telerad Tech – Key offerings
  • 12.17 WebRad 
    • Exhibit 167: WebRad – Overview
    • Exhibit 168: WebRad – Product / Service
    • Exhibit 169: WebRad – Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 170: Inclusions checklist
    • Exhibit 171: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 172: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 173: Research methodology
    • Exhibit 174: Validation techniques employed for market sizing
    • Exhibit 175: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 176: List of abbreviations

About Us
 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

Teleradiology Market: Historic industry size and analysis of 15 vendors and 7 countries - Technavio WeeklyReviewer

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