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.
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.
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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.
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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