Teleradiology Market to Reach USD 65.21 Billion by 2026
The global teleradiology market size is predicted to reach USD 65.21 billion by 2026, exhibiting a CAGR of 23.8% during the forecast period. The rising number of imaging procedures by radiologists will contribute positively to the growth of the market. Moreover, the necessity to lower cost of radiological images for interpretation will spur business opportunities for the teleradiology market in the forthcoming years. In addition, the growing accessibility of radiology equipment for patients will boost the teleradiology market trends in the foreseeable future, mentioned in a report “Teleradiology Market Size, Share & Industry Analysis, By Imaging Technique (X-Ray, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound, Nuclear Medicine, and Others), By Component (Services & Software, and Product), By End User (Hospitals & Clinics, Diagnostic Centers and Others), and Regional Forecast, 2019-2026” the market size stood at USD 11.84 billion in 2018.
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Robust Distribution Network of Agfa-Gevaert will Enhance Market Competition
The key players operating in the market as Agfa-Gevaert Group are focused on enriching its product portfolio to strengthen its position in the market. The international presence of Agfa-Gevaert is due to its diversified and strong product portfolio. The emergence of regional players such as Everlight Radiology and Medica Reporting Ltd. will spur competition in the forthcoming years. In addition, the launch of cloud-based radiology will enable speedy growth of the market. Nonetheless, the rising focus towards deals and partnerships will create new business opportunities for the market in the foreseeable future.
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