Global Teleradiology Market is estimated to reach US$ 16.29 Billion in 2027. Teleradiology is a branch of telemedicine that refers to the medical practice of transmitting radiological images from one site to another through telecommunication technology. The radiologist performing the radiological image interpretation is not physically present at the location where the patient's images are generated. Furthermore, the branch of teleradiology is especially advantageous for institutions that cannot afford to have a radiologist on staff. Further, teleradiology is also very useful for facilities that produce only a small number of radiological pictures for radiologist interpretation.
Worldwide Teleradiology Market Industry is expected to expand with a CAGR of 18% during 2021-2027:
Increased demand for radiological services due to the rising prevalence of chronic conditions, including congestive heart failure and orthopedic injuries, are driving the teleradiology industry forward. Furthermore, a significant increase in government spending on the healthcare information (HCIT) sector and a shift in crucial players' focus toward digital diagnostics innovation fuel market growth. Furthermore, ongoing improvements in medical diagnostic technologies are projected to create profitable prospects for the teleradiology market to expand during the forecast period.