The extensive survey on the Teleradiology Services Market
further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Market the report interprets critical information through tables, infographics, and charts.
Key Players in the Market
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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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.
Significant driving forces shaping the future of the Teleradiology Services market for the forecast period 2019 - 2030 find a special mention in the study and are backed by a real-time statistics. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth.
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Lack of Skilled Professionals to Restrain Global Market
Lack of skilled professionals globally, is the major factor restraining the market. For instance according to Royal College of Radiologists, UK does not have enough radiologists to meet imaging and diagnostic demands in the NHS. Moreover, nearly all radiology departments in the UK stated that they had been unable to meet their diagnostic reporting requirements in 2016 within their radiology staff’s contracted hours. This factor is likely to hamper the overall growth of the market during the forecast period.
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.
Major points of Table of Content
2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technology
3. Data Sources
4. Market Estimation Methodology
5. Data Validation and Triangulation
4. MARKET DYNAMICS ASSESMENT
8. Global Market - Analysis & Forecast, By Specialty
12. COMPETETIVE LANDSCAPE
1. Market Share Analysis (2018)
2. Key Strategies Assessment.
13. COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
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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