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The enormously enhanced capacity of the internet and swift speed of communication have permitted a much extensive use of teleradiology. Healthcare facilities across the world are providing day-time reporting, for out of hours imaging services in other countries, with different time zones. Revolution in digital image processing technologies ensure effective image distribution across the various regions worldwide. Additionally, advancement in interventional radiology across the globe and upsurge in prevalence of chronic diseases such as cancer, arthritis and coronary heart diseases, are boosting the number of radiological procedures. Moreover, the necessity of time-saving interpretation of radiographs with quality is demanded in developed economies. In order to tackle the increasing demand for radiological procedures and comprehensive interpretation, teleradiology is being preferred by healthcare providers across the globe.
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Trend of Outsourcing Radiology Services in Developed Countries
Developed countries extensively outsource radiology services to cost effective countries in Asia, to handle the bulk of radiology reporting requirements. These countries can work for a relatively fraction of cost which is profitable to the teleradiology service providers. Additionally, developing countries have well trained radiologists which helps to identify, classify, and quantify patterns in medical images and can effectively interpret results more accurately. All the above factors are anticipated to positively contribute to the growth of the global teleradiology services market.
Rise in Incidence of Chronic Diseases
Surge in the incidence of chronic diseases such as cancer, arthritis and coronary heart disease is anticipated to propel the overall global teleradiology services market. According to the World Health Organization, chronic disease prevalence is expected to rise by 57% by the year 2020. Emerging markets will be hardest hit, as population growth is anticipated be most significant in developing nations. Moreover, almost half of the total chronic disease deaths are attributable to cardiovascular diseases; obesity and diabetes are also showing worrying trends, not only because they already affect a large proportion of the population, but also because they have started to appear earlier in life. According to Cancer Research UK, there were 17 million new cases of cancer worldwide in 2018. These factors have been crucial for accelerating in the growth of the global teleradiology market.
Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Teleradiology Services Market by Service Type (General Reporting, Consultation, Auditing), Coverage (Day Time, and After Hours/Night Time), Specialty (Neurology, Cardiology, Oncology, Musculoskeletal, Gastroenterology), Modality (Computed Tomography (CT), X-ray, Magnetic Resonance Imaging (MRI), Ultrasound, Nuclear Imaging), End user - Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Clinics) - Global Analysis & Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/61/teleradiology-services-market
Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period due to rising demand for innovative and advanced medical platforms coupled with swiftly improving healthcare infrastructure. Additionally, increasing preferences of major players for strategic expansion in the region and rise in awareness about teleradiology services among small scale health care facilities in the region is expected to present an attractive growth prospect for the market in the coming years.
Teleradiology Services Market Prominent Players
The prominent players in the global teleradiology services market are Envision Healthcare Corporation, MEDNAX Services, Inc., Argus Radiology, Teleradiology Solutions, USARAD Holdings, Inc., ONRAD, Inc., Teleconsult Europe, Africa Telerad Limited, American Imaging Consultants, Unilabs, 4ways Healthcare Limited and Euro American Tele Radiology among others.
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The research provides answers to the following key questions:
• Where can business owners locate more potential customers during the forecast period, 2019 to 2030?
• How are the major vendors operating in the Teleradiology Services Market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
• How much are the customers willing to pay for the products and services?
• How much is the dimension of the Teleradiology Services Market catered by the major vendors?
• How often will the customers buy a product or service during the forecast period, 2019 to 2030?
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