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Teleradiology Services Market: U.S Most Attractive Regional Market for Teleradiology Services: Global Industry Analysis and Opportunity Assessment, 2016–2026

Teleradiology Services Market: U.S Most Attractive Regional Market for Teleradiology Services: Global Industry Analysis and Opportunity Assessment, 2016–2026

Teleradiology is the practice of interpretation and analysis of medical images by a radiologist who is not present at the site where the images are generated. This service is utilised by hospitals, emergency care centres, telemedicine companies, and other clinics. Teleradiology services enable radiologists to use online services in order to improve patient care and treatment without the need to be physically present on site. The global teleradiology services market is estimated to reach a market valuation of US$ 1,971.4 Mn by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026).

Increasing incidence of cancer, orthopaedic diseases, and other chronic diseases likely to boost market growth

Growth of the global teleradiology services market is mainly driven by growing incidence of chronic diseases such as cancer, tumours, and orthopaedic diseases; increasing geriatric population; and excessive hospitalisations and increasing admittance in ambulatory surgical centres and clinics. Increasing consumer awareness regarding teleradiology and easy accessibility to the technology is another key factor likely to drive the global demand for teleradiology services.

However, high cost of technology and services, image transmission issues, dearth of trained radiologists and technicians, and a low awareness in emerging economies is likely to pose major challenges for the growth of the global teleradiology services market.

Market segmentation

By Process Type

By Service Type

By Modality

By End User

By Region

Certified Reporting Services Process

Preliminary Reporting

Emergency Nighthawk

Day Time Coverage

Subspecialty Reading

Cardiac imaging

Neuroradiology

Nuclear scans

Musculoskeletal studies

Second Opinion

Clinical Trails

X-Ray Scans

Computerised Tomograph (CT) Scans

MRI Scans

Ultrasound Scans

Nuclear Scans

Cardiac Echo

Mammography

Electromammography

Hospital Pharmacies

Clinics

Ambulatory Surgical Centres

Radiology Centres

US

OUS (International)

Latin America

EU5

Rest of Europe

Japan

Asia Pacific Excluding Japan

Rest of the World

Certified Reporting Services Process segment likely to dominate the global teleradiology services market through 2026

The Certified Reporting Services Process segment dominated the global market in terms of revenue in 2015 and is expected to retain its dominance throughout the forecast period. The Preliminary Reporting segment is anticipated to be the second most lucrative segment in the global teleradiology services market.

Emergency Nighthawk service type segment expected to dominate the global teleradiology services market in revenue terms

The Emergency Nighthawk segment is anticipated to register the fastest CAGR over the forecast period. The Day Time Coverage segment is expected to be the second most lucrative segment in the global teleradiology services market.

Computerised Tomography (CT) Scans modality segment to retain its dominance between 2016 and 2026

The CT Scans segment dominated the global teleradiology services market in 2015 and is projected to remain dominant throughout the forecast period. The X-Ray Scans segment is expected to be the second most lucrative market segment.

Hospital Pharmacies end user segment anticipated to be the most attractive segment in the global teleradiology services market

The Hospital Pharmacies segment currently accounts for the highest revenue share in the global teleradiology services market due to an increasing usage of teleradiology services in hospital ICU and CCU. The Clinics segment is expected to be the second most lucrative segment in the global teleradiology services market.

U.S most attractive regional market for teleradiology services

U.S. dominated the global teleradiology services market in terms of revenue in 2015 and is likely to emerge as the most attractive regional market. The EU5 region is projected to be the second most lucrative regional market.

teleradiology services market_image for preview analysis

The global teleradiology services market is consolidated with key players occupying a major market share

The global teleradiology services market is largely consolidated, with top players accounting for a major market value share in 2015. Some of the leading companies operating in the global teleradiology services market are Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings Inc., Vital Radiology Services, Teleradiology Providers, Telemedicine Clinic, TeleDiagnosys Services Pvt. Ltd, Imaging Advantage, Foundation Radiology Group, Direct Radiology, Imaging On Call LLC, ONRAD Inc., Rays (Envision Healthcare Company), StatRad LLC, ARIS Radiology, NightShift Radiology, Mednax Inc., Alta Vista TeleRadiology, and Quality Nighthawk. These established players are focussed on strategic moves such as new product launches, increasing their distribution channels, and getting into partnerships and agreements with hospitals and specialty clinics to increase the brand awareness of their product.


1. Teleradiology Services Market - Executive Summary
2. Teleradiology Services Market Introduction
2.1. Teleradiology Services Market Definition
2.2. Teleradiology Services Market Taxonomy
3. Teleradiology Services Market Analysis Scenario
3.1. Market Size (US$ Mn) Forecast
3.2. India Animal Healthcare Market Definition
3.2.1. Market Size and Y-o-Y Growth
3.2.2. Absolute $ Opportunity
3.3. Teleradiology Services Market Overview
3.3.1. Value Chain
3.3.2. List of Active Participants
3.3.2.1. Service Providers
3.3.2.2. End Users
4. Teleradiology Services Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors – Relevance and Impact
5. Global Teleradiology Services Market Analysis and Forecast, By Process Type
5.1. Introduction
5.1.1. Basis Point Share (BPS) Analysis By Process Type
5.1.2. Y-o-Y Growth Projections By Process Type
5.2. Market Size (US$ Mn) Forecast By Process Type
5.2.1. Certified Reporting Services Process
5.2.2. Preliminary Reporting
5.3. Market Attractiveness Analysis By Process Type
6. Global Teleradiology Services Market Analysis and Forecast, By Service Type
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis By Service Type
6.1.2. Y-o-Y Growth Projections By Service Type
6.1.3. Comparative Analysis By Service Type
6.2. Market Size (US$ Mn) Forecast By Service Type
6.2.1. Emergency Nighthawk
6.2.2. Day Time Coverage
6.2.3. Subspecialty Reading
6.2.3.1. Cardiac imaging
6.2.3.2. Neuroradiology
6.2.3.3. Nuclear scans
6.2.3.4. Musculoskeletal studies
6.2.4. Second Opinion
6.2.5. Clinical Trails
6.3. Market Attractiveness Analysis By Service Type
7. Global Teleradiology Services Market Analysis and Forecast, By Modality
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis By Service Type
7.1.2. Y-o-Y Growth Projections By Service Type
7.1.3. Comparative Analysis By Service Type
7.2. Market Size (US$ Mn) Forecast By Modality
7.2.1. X-Ray Scans
7.2.2. Computerized Tomography (CT) Scans
7.2.3. MRI Scans
7.2.4. Ultrasound Scans
7.2.5. Nuclear Scans
7.2.6. Cardiac Echo
7.2.7. Mammography
7.2.8. Electromyography
7.3. Market Attractiveness Analysis By Modality
8. Global Teleradiology Services Market Analysis and Forecast, By End Users
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis By Service Type
8.1.2. Y-o-Y Growth Projections By Service Type
8.1.3. Comparative Analysis By Service Type
8.2. Market Size (US$ Mn) Forecast By End User
8.2.1. Hospitals
8.2.2. Clinics
8.2.3. Ambulatory Surgical Centers
8.2.4. Radiology Centers
8.2.5. Market Attractiveness Analysis By End Users
9. Global Teleradiology Services Market Analysis and Forecast, By Region
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis By Service Type
9.1.2. Y-o-Y Growth Projections By Service Type
9.1.3. Comparative Analysis By Service Type
9.2. Market Size (US$ Mn) Forecast By Region
9.2.1. U.S.
9.2.2. OUS
9.3. Market Attractiveness Analysis By Region
10. US Teleradiology Services Market Analysis and Forecast
10.1. Introduction
10.2. Market Size (US$ Mn) Forecast By Process Type
10.2.1. Certified Reporting Services Process
10.2.2. Preliminary Reporting
10.3. Market Size (US$ Mn) Forecast By Service Type
10.3.1. Emergency Nighthawk
10.3.2. Day Time Coverage
10.3.3. Subspecialty Reading
10.3.3.1. Cardiac imaging
10.3.3.2. Neuroradiology
10.3.3.3. Nuclear scans
10.3.3.4. Musculoskeletal studies
10.3.4. Second Opinion
10.3.5. Clinical Trails
10.4. Market Size (US$ Mn) Forecast By Modality
10.4.1. X-Ray Scans
10.4.2. Computerized Tomography (CT) Scans
10.4.3. MRI Scans
10.4.4. Ultrasound Scans
10.4.5. Nuclear Scans
10.4.6. Cardiac Echo
10.4.7. Mammography
10.4.8. Electromyography
10.5. Market Size (US$ Mn) Forecast By End User
10.5.1. Hospitals
10.5.2. Clinics
10.5.3. Ambulatory Surgical Centers
10.5.4. Radiology Centers
11. OUS Teleradiology Services Market Analysis and Forecast
11.1. Introduction
11.2. Market Size (US$ Mn) Forecast By Region Type
11.2.1. Latin America
11.2.2. EU5]
11.2.3. Rest of Europe
11.2.4. Japan
11.2.5. Asia Pacific excluding Japan
11.2.6. Rest of the World
11.3. Market Size (US$ Mn) Forecast By Process Type
11.3.1. Certified Reporting Services Process
11.3.2. Preliminary Reporting
11.4. Market Size (US$ Mn) Forecast By Service Type
11.4.1. Emergency Nighthawk
11.4.2. Day Time Coverage
11.4.3. Subspecialty Reading
11.4.3.1. Cardiac imaging
11.4.3.2. Neuroradiology
11.4.3.3. Nuclear scans
11.4.3.4. Musculoskeletal studies
11.4.4. Second Opinion
11.4.5. Clinical Trails
11.5. Market Size (US$ Mn) Forecast By Modality
11.5.1. X-Ray Scans
11.5.2. Computerized Tomography (CT) Scans
11.5.3. MRI Scans
11.5.4. Ultrasound Scans
11.5.5. Nuclear Scans
11.5.6. Cardiac Echo
11.5.7. Mammography
11.5.8. Electromyography
11.6. Market Size (US$ Mn) Forecast By End User
11.6.1. Hospitals
11.6.2. Clinics
11.6.3. Ambulatory Surgical Centers
11.6.4. Radiology Centers
12. Competition Landscape
12.1. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
12.2. Global Players
12.2.1. Teleradiology Solutions
12.2.2. Argus Radiology
12.2.3. SRL Diagnostics
12.2.4. USARAD Holdings, Inc.
12.2.5. Vital Radiology Services
12.2.6. Teleradiology Providers
12.2.7. Telemedicine Clinic
12.2.8. TeleDiagnosys Services Pvt. Ltd
12.2.9. Imaging Advantage
12.2.10. Foundation Radiology Group
12.2.11. Direct Radiology
12.2.12. Imaging On Call, LLC
12.2.13. ONRAD, Inc.
12.2.14. Rays (Envision Healthcare Company)
12.2.15. StatRad LLC
12.2.16. ARIS Radiology
12.2.17. NightShift Radiology
12.2.18. Mednax, Inc.
12.2.19. Alta Vista TeleRadiology
12.2.20. Quality Nighthawk

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