According to Arizton’s latest research report, the teleradiology market is growing at a CAGR of 25.47% during 2023-2029.
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Report Scope:
Market Size (2029): $36.67 Billion
Market Size (2023): $9.40 Billion
CAGR (2023-2029): 25.47%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product Type, Services, Imaging Technologies, Applications, End-Users, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
The global teleradiology market, a key segment of telemedicine, is experiencing significant growth and is expected to continue at a robust pace during the forecast period. This surge is primarily driven by the rising burden of chronic diseases and the associated demand for medical imaging diagnostics. Additionally, a shortage of radiologists, increased digitalization in healthcare, and a growing preference for virtual and remote care are further propelling market expansion.
In 2023, the services segment dominated the market, accounting for over 70% of the total share, and is projected to achieve the highest compound annual growth rate (CAGR) of 25.92% from 2024 to 2029. Teleradiology services are increasingly contracted by large health systems—including hospitals, clinics, and outpatient centers—enhancing the uptake and delivery of these services. Key offerings within this segment include general consultations, nighthawk services, emergency readings, and second opinions, all contributing to its growth.
Recent Vendors Activities
Key Vendors
Segmentation & Forecast
Product Type
Services
Imaging Technology
Applications
End-Users
Geographical Overview
The teleradiology market in North America is experiencing rapid growth and is expected to dominate during the forecast period. This expansion is driven by several factors, including the region’s advanced healthcare infrastructure, reimbursement coverage for telemedicine, and supportive government initiatives promoting digital health.
Key contributors to the market’s growth include technological advancements in mobile health technology, increased awareness of telehealth benefits, and a shift toward value-based healthcare and population health management. The region is also facing a significant shortage of radiologists, prompting healthcare facilities to adopt teleradiology solutions to alleviate the pressure of long working hours on existing professionals.
Notably, North America has become a central hub for companies offering a wide range of teleradiology solutions tailored to various healthcare settings. The United States, in particular, has seen substantial market growth, with the adoption of teleradiology services skyrocketing from 19% in 2019 to 78% by 2021, highlighting a notable shift in acceptance before and after the COVID-19 pandemic.
Geography
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Key Questions Answered in the Report:
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