Global teleradiology market was valued at US$ 1,354.6 million in 2016 and is projected to expand at a CAGR of 11.3% from 2017 to 2023 to reach US$ 3,632.6 million in 2023.
[INPRwire, Tue Apr 09 2019] This report provides comprehensive analysis of the Teleradiology Market in Western Europe considering various factors such as number of radiologists in the country, advancement in technologies such as cloud computing, PACS, and RIS systems, and demand for advanced teleradiology services. The report studies the teleradiology market based on type of modality and countries in Western Europe.
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Teleradiology is transmission of radiology images from one location to another for emergency services and second opinion from an expert. It is also a cost saving option. Hence, demand for teleradiology is likely to increase during the forecast period from 2015 to 2023 in Western Europe. Based on modality, the teleradiology market in Western Europe has been segmented into X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI), and nuclear imaging. Furthermore, based on country, the market in Western Europe has been segmented into six major regions: the U.K., Germany, Spain, the Netherlands, Italy, and Rest of Western Europe. These countries play an important role in Western Europe and in the overall teleradiology market in Europe.
Market size for each of the segments and sub-segments mentioned above is provided in US$ Mn, considering 2013 and 2014 as base years and forecast from 2015 to 2023. The forecast model considers various factors such as number of modality procedures conducted in Western Europe, health care expenditure of country, advantages, and disadvantages of individual modality segment, penetration of teleradiology services in a country, acceptance of advanced teleradiology technologies such as PACS, RIS in the country, and government regulations of the country for intra-country and cross-border teleradiology. The research methodology is a blend of primary as well as secondary market research, where market estimates based on desk research are further refined considering inputs from expert interviews.
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This report on the teleradiology market in Western Europe also provides qualitative information on major players in the market and current trends in the teleradiology market in Western Europe. It also includes details on existing regulatory policies for intra-country and cross-border teleradiology services in major countries. Major factors driving and restraining the growth of the teleradiology market in Western Europe are reviewed in the report, while opportunities from future perspective are also analyzed. Furthermore, Porter’s Five Forces Analysis provided in this report describes the competitiveness in the market in terms of bargaining power of service suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants in the teleradiology market, and competitive rivalry in Western Europe. Market attractiveness analysis by country provides information on most attractive countries for teleradiology in Western Europe.
Finally, the report profiles major players in the teleradiology market in Western Europe including Agfa-Gevaert N.V., Cybernet Medical Corporation, ONRAD, Inc., Sectra AB, Telemedicine Clinic, and Global Diagnostics Limited. Each of the companies is profiled for parameters such as company overview, financial overview, product portfolio, business strategies, and recent developments in the market, which will in due course help to take strategic decisions with respect to the teleradiology market in Western Europe. The report on the “Western Europe teleradiology market” estimation and forecast comprises 70 slides.
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