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Global Teleradiology Market Analysis, Size, Share, Growth, Trends and Forecast to 2023
Global tele radiology market had bagged in US$1.7 bn. However, by 2023, the world teleradiology market is envisaged to rake in US$3.6 bn at an 11.3% CAGR for the forecast period.
(EMAILWIRE.COM, February 16, 2018 ) Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Teleradiology Market “
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Teleradiology is a comprehensive part of telehealth services. Teleradiology refers to electronic transmission of radiology images between two locations via technology for emergency services or second opinion. This service bridges the gap between the imbalance of demand and supply of expert radiologists and diagnostic services. Initially, the image transfer process was tedious, time consuming, and provided unreliable image clarity and quality. Currently, teleradiology shows the rapid progression in image processing and transmission tools and technologies. Hence, radiology experts believe that the teleradiology market will provide lucrative business opportunities in the near future.
Western Europe is a developed market and accounts for about 70% to 75% share of the teleradiology market in Europe. Consistent evolution of information and communication technologies and shortage of expert radiologists across Europe are likely to drive the market during the forecast period. Furthermore, cost effective solutions, emergency coverage, and increasing number of imaging procedures are anticipated to boost the teleradiology market in Western Europe. However, complex regulations, language barrier, and high cost of technology (initial investment) are expected to restrain the teleradiology market in the region.
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The teleradiology market in Western Europe has been segmented based on modality into X-ray, ultrasound, computed tomography, magnetic resonance imaging (MRI), and nuclear imaging. X-ray teleradiology was the largest segment in 2014. The segment is likely to maintain its market share during forecast period owing to increasing number of X-ray procedures and need for expert radiologist advice because of complexity of images due to advanced technology. Ultrasound teleradiology accounted for the second largest share of the market due to development of 3-D and 4-D ultrasound platforms, absence of ionizing radiation, and increasing reliability of receiving clear images. However, CT teleradiology is considered a highly lucrative segment during the forecast period from 2015 to 2023 due to its ability to visualize complex body parts such as brain, lungs, and cardiac abnormalities, and favorable reimbursement policies.
Geographically, the teleradiology market in Western Europe has been segmented into six regions: the U.K., Germany, Spain, Italy, the Netherlands, and Rest of Western Europe. The U.K. and Germany together accounted for the largest share of the market. The U.K. accounted for the largest share of the teleradiology market in Western Europe in 2014. The market in the country is likely to witness the highest growth during forecast period owing to rapid development in digital image processing technology, high implementation of picture archiving communication systems (PACS), and presence of major market players along with a number of other domestic service providers. Germany was the second largest market in 2014 due to lack of expert radiologists and government initiatives to encourage the teleradiology market. However, the market in Germany is anticipated to expand at a slow growth rate as compared to that in the U.K. due to stringent cross-border regulations and high cost associated with teleradiology.
The teleradiology market in Western Europe is highly fragmented market. Key players in the teleradiology market in Western Europe include Agfa-Gevaert N.V., Cybernet Medical Corporation, ONRAD, Inc., Sectra AB, Telemedicine Clinic, and Global Diagnostics Ltd. Several other domestic players play an important role in the teleradiology market in the region.
Outlook Complete Report with Table ofOC @ https://www.mrrse.com/teleradiology-technology-market
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Teleradiology is a comprehensive part of telehealth services. Teleradiology refers to electronic transmission of radiology images between two locations via technology for emergency services or second opinion. This service bridges the gap between the imbalance of demand and supply of expert radiologists and diagnostic services. Initially, the image transfer process was tedious, time consuming, and provided unreliable image clarity and quality. Currently, teleradiology shows the rapid progression in image processing and transmission tools and technologies. Hence, radiology experts believe that the teleradiology market will provide lucrative business opportunities in the near future.
Western Europe is a developed market and accounts for about 70% to 75% share of the teleradiology market in Europe. Consistent evolution of information and communication technologies and shortage of expert radiologists across Europe are likely to drive the market during the forecast period. Furthermore, cost effective solutions, emergency coverage, and increasing number of imaging procedures are anticipated to boost the teleradiology market in Western Europe. However, complex regulations, language barrier, and high cost of technology (initial investment) are expected to restrain the teleradiology market in the region.
Send an Inquiry @ https://www.mrrse.com/enquiry/1050
The teleradiology market in Western Europe has been segmented based on modality into X-ray, ultrasound, computed tomography, magnetic resonance imaging (MRI), and nuclear imaging. X-ray teleradiology was the largest segment in 2014. The segment is likely to maintain its market share during forecast period owing to increasing number of X-ray procedures and need for expert radiologist advice because of complexity of images due to advanced technology. Ultrasound teleradiology accounted for the second largest share of the market due to development of 3-D and 4-D ultrasound platforms, absence of ionizing radiation, and increasing reliability of receiving clear images. However, CT teleradiology is considered a highly lucrative segment during the forecast period from 2015 to 2023 due to its ability to visualize complex body parts such as brain, lungs, and cardiac abnormalities, and favorable reimbursement policies.
Geographically, the teleradiology market in Western Europe has been segmented into six regions: the U.K., Germany, Spain, Italy, the Netherlands, and Rest of Western Europe. The U.K. and Germany together accounted for the largest share of the market. The U.K. accounted for the largest share of the teleradiology market in Western Europe in 2014. The market in the country is likely to witness the highest growth during forecast period owing to rapid development in digital image processing technology, high implementation of picture archiving communication systems (PACS), and presence of major market players along with a number of other domestic service providers. Germany was the second largest market in 2014 due to lack of expert radiologists and government initiatives to encourage the teleradiology market. However, the market in Germany is anticipated to expand at a slow growth rate as compared to that in the U.K. due to stringent cross-border regulations and high cost associated with teleradiology.
The teleradiology market in Western Europe is highly fragmented market. Key players in the teleradiology market in Western Europe include Agfa-Gevaert N.V., Cybernet Medical Corporation, ONRAD, Inc., Sectra AB, Telemedicine Clinic, and Global Diagnostics Ltd. Several other domestic players play an important role in the teleradiology market in the region.
Outlook Complete Report with Table ofOC @ https://www.mrrse.com/teleradiology-technology-market
About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
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MRRSE
Alok Kumar
Tel: +1-518-730-0559
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results