Teleradiology Market | Key Trends and Forecast to 2023

Teleradiology market size, share and growth

Global Teleradiology Market accounted for USD 1.47 billion in 2018 and is estimated to achieve USD 2.48 billion by 2023 with a CAGR of 18.5 % throughout the forecast period.

Teleradiology Market Overview:

Global Teleradiology Market accounted for USD 1.47 billion in 2018 and is estimated to achieve USD 2.48 billion by 2023 with a CAGR of 18.5 % throughout the forecast period. Teleradiology is the study of having medical pictures interpreted by a radiologist even from a distant location. These interpretations through non-invasive imaging modalities like CT, MRI, ultrasound, and nuclear medicine studies and X-rays facilitate incorrect disease diagnosis and its treatment. In addition to that, teleradiology permits storage of digital radiograph pictures through image archiving and communication system (PACS) software.

Teleradiology Market drivers and restraints:

The significant factors that drive the expansion of teleradiology market are enhancements in digital medical technology, fast interpretation of pictures in emergency situations remotely, an increase in the range of chronic diseases like congestive heart failure, orthopedic injuries, and others. In addition to that, the latest IT infrastructure and growth in healthcare expenditure caters to market expansion. Nevertheless, the low availability of broadband networks and a shortage of skilled professionals mainly restraint the development of the market.

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