Teleradiology Market Analysis and Predictions for the Years 2024-2030 on a Global Scale
The global teleradiology market is set to witness significant expansion over the next decade, fuelled by advancements in remote diagnostic technologies, increasing demand for radiology services, and a persistent shortage of radiologists worldwide.
### Key Growth Metrics and Trends
According to Renub Research, the teleradiology market is projected to grow at a compound annual growth rate (CAGR) of approximately 18.85% from 2024 to 2031. This robust growth is attributed to the rising adoption of teleradiology solutions.
The integration of artificial intelligence (AI) in medical imaging is another key growth driver, with the AI in medical imaging market forecasted to grow at a CAGR of about 34.8% from 2024 to 2030, reaching USD 8.18 billion by 2030.
The broader telemedicine market, which includes teleradiology as a critical segment, was valued at USD 106.6 billion in 2024 and is expected to grow at a CAGR of 5.4% through 2032. Radiology-as-a-Service (RaaS), which overlaps with teleradiology, is projected to reach USD 17.14 billion by 2034 with a CAGR of 14.7%.
### Competitive Landscape
The market features both technology providers and healthcare service companies investing heavily in AI, cloud infrastructure, and secure data transmission to improve teleradiology services. Key players in related AI imaging include GE HealthCare, Microsoft, Canon Medical Systems, Viz.ai, and Butterfly Network.
### End-User Analysis
The primary end-users of teleradiology services include hospitals, diagnostic imaging centres, and specialty clinics, which leverage these services for faster and more cost-effective diagnostic services, particularly in rural or underserved areas.
Expansion in emerging markets, especially Asia-Pacific, is driven by government initiatives to improve healthcare access and infrastructure development, such as China’s Healthy China 2030 and India’s Ayushman Bharat schemes supporting rural diagnostics.
### Summary
The global teleradiology market's CAGR (2024–2031) is projected to be around 18.85%, with the market value in 2024 being approximately USD 106.6 billion for the telemedicine market overall. The leading region is North America, due to advanced healthcare infrastructure and significant radiologist shortages. The primary end-users are hospitals, diagnostic centres, and clinics. Key growth drivers include the radiologist shortage, AI integration, and remote diagnosis. Related markets include AI in medical imaging and Radiology-as-a-Service (RaaS).
This robust growth and evolving competitive landscape underscore the transformative impact of teleradiology on global healthcare delivery, making remote radiology services a pivotal component of modern medical diagnostics through 2030 and beyond.
For more information on the global teleradiology market, refer to the document "Global Teleradiology Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030," by Renub Research.
Renub Research, a Market Research and Information Analysis company with over 14 years of experience, has published more than 7000 syndicated reports and worked on over 500 custom research projects. For more information, visit their website at www.renub.com or connect with them on LinkedIn at https://linkedin.com/company/renub-research.
Rajat Gupta, Marketing Manager at Renub Research, can be reached at +1-478-202-3244 or +91-120-421-9822 (IND). The company's address is 225 Kristie Ln, Roswell, GA 30076, and their email address is [email protected].
Teleradiology services are becoming more widely available in rural and underserved regions due to the development and expansion of healthcare facilities. These services offer hospitals and clinics the power to access specialized radiologists remotely, ensuring timely diagnoses and expert consultations. Broader payment assistance from governments and coverage groups is enabling healthcare providers to offer teleradiology services more extensively.
Key companies in the global teleradiology market include Siemens AG, GE Healthcare, General Electric Company, FUJIFILM Corporation, Oracle Corporation, and McKesson.
- The integration of advanced technology, such as artificial intelligence, in medical imaging, particularly in telemedicine and radiology-as-a-service (RaaS), has the potential to revolutionize the medical-conditions sector, providing more accurate diagnoses and enhancing healthcare accessibility.
- As the teleradiology market expands, it is crucial for science to continually develop remote diagnostic technologies to ensure the thorough and timely detection of various medical conditions, bridging the gap between urban and rural healthcare services.
