About the Global Teleradiology Market
The healthcare industry is witnessing phenomenal changes owing to increased adoption of digital health platforms such as mobile health, telehealth, EMR, and other wireless technologies. Digital health platforms have become essential elements in every healthcare organization, as they enable remote monitoring of patients, increase healthcare delivery efficiencies, improve access to electronic health information, and improve the quality of healthcare services along with reducing costs. Teleradiology is a comprehensive part of telehealth services. Teleradiology refers to the electronic transmission of radiological images via the internet for a second opinion or emergency services. Radiological images are obtained from techniques such as X-ray, CT, ultrasound, MRI, and nuclear imaging. Teleradiology services use advanced information and communication tools to deliver radiology and consultation services for effective diagnosis and treatment. Teleradiology is a cost-effective and time saving tool in diagnosing and treating patients in emergency situations. It bridges the gap between the demand and supply of expert radiologists worldwide.
Technavio’s analysts forecast the Global Teleradiology Market to grow at a CAGR of 15.72% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the Global Teleradiology Market for 2016-2020. To calculate the market size, we consider revenue generated from the spending on teleradiology technologies such as hardware, software, and telecom and networking.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Teleradiology Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Teleradiology Market: Agfa Healthcare, Siemens Healthcare, StatRad, and vRad.
Other Prominent Vendors in the market are: Argus Radiology, Cybernet Medical, Everlight Radiology, Franklin and Seidelman, Fujifilm Medical Systems, GE Healthcare, Medica Reporting, Merge Healthcare, NightHawk Radiology, ONRAD, Philips Medical Systems, Radiology Reporting Online (RRO), Radisphere National Radiology Group, RamSoft, Sectra Imtec, TeleDiagnosys Services, Telemedicine Clinic, and Teleradiology Solutions.
Commenting on the report, an analyst from Technavio’s team said: “A notable trend in the market is the emergence of thin client 3D viewers. In the past, 3D viewing was performed by radiologists using high-end workstations. Now, enterprises are using thin client 3D viewers for viewing and post processing of medical images. The thin client solution helps in cost savings and overcome staffing shortages. High end standalone workstations are expensive than thin clients connected to a central server. Thin client solution helps in combatting shortages of staff by effective deployment of radiologist workforce across the healthcare organization. A single radiologist can perform post-processing of image data from multiple locations by accessing the data stored on the centralized server using thin clients. This increases the report turnaround time by facilitating accurate and faster interpretation of images and enhances the patient care with quality imaging.”
According to the report, a key growth driver is the advances made in imaging technology. Advancements in imaging technology such as the advent and upgrade of PACS and RIS has resulted in the enhancement of the overall teleradiology process from image capturing and storage to processing and reporting. "
PACS is an information technology tool that provides economical storage, management, and distribution of digital medical images from multiple modalities such as X-ray, CT, MRI, and ultrasound. RIS, a networked software system, is used by radiology departments to electronically store, manage, and distribute radiological imagery and associated data. RIS is used in conjunction with PACS for tracking radiology imaging orders and billing information.
Further, the report states that one challenge that could restrict market growth is the lack of common standards in the global teleradiology market. "
Agfa Healthcare, Siemens Healthcare, StatRad, vRad, Argus Radiology, Cybernet Medical, Everlight Radiology, Franklin and Seidelman, Fujifilm Medical Systems, GE Healthcare, Medica Reporting, Merge Healthcare, NightHawk Radiology, ONRAD, Philips Medical Systems, Radiology Reporting Online (RRO), Radisphere National Radiology Group, RamSoft, Sectra Imtec, TeleDiagnosys Services, Telemedicine Clinic, Teleradiology Solutions.