Teleradiology is transmission of radiology images from one location to another for emergency services and second opinion from an expert. It is also a cost saving option. Hence, demand for teleradiology is likely to increase during the forecast period from 2015 to 2023 in Western Europe.
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Teleradiology Market: Rising Disposable Income Fuels Market’s Growth Significantly
1. Western Europe Teleradiology Market to Reach US$1.4
bn by 2023, X-ray Teleradiology to Remain Largest
Segment by Modality
According to a new market report published by Transparency Market Research
“Teleradiology Market - Western Europe Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2023”, the teleradiology market in Western Europe was
valued at US$ 305.8 Mn in 2014 and is projected to reach US$ 1443.7 Mn in 2023 at
a CAGR of 18.5% from 2015 to 2023.
The teleradiology market in Western Europe has been segmented based on modality.
X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI),
and nuclear imaging are major types of teleradiology services provided in Western
Europe. The X-ray teleradiology segment held the largest share of the market in 2014
and is likely to maintain its leadership position during forecast period from 2014 to
2023.
Increasing number of procedures, high awareness as it is a vintage technique, and low
cost as compared to other modalities are the key drivers of the X-ray teleradiology
segment. However, computed tomography teleradiology is considered the most
lucrative segment of the teleradiology market in Western Europe. Ability of computed
tomography to provide 3-D images of body parts such as brain, lungs, abdomen and
heart; accuracy in diagnosis, and consistent development in the technology are likely
to make it the most lucrative segment of the teleradiology market in Western Europe
during the forecast period from 2015 to 2023.
However, complex and in-depth images of computed tomography are difficult to
interpret, and hence need an expert radiologist. Therefore, demand for teleradiology is
anticipated to increase rapidly during the forecast period. Ultrasound teleradiology
accounted for the second largest share of the teleradiology market in 2014, as it is a
first-line modality in the diagnosis of several abdominal disorders and during
2. pregnancy. Additionally, low cost and absence of ionizing radiation makes it a more
preferred modality to ultrasound. However, complexity of 3-D and 4-D images need
experienced radiologists. This further increases the scope of teleradiology. Major
countries in Western Europe such as the U.K., Germany, and France are facing the
problem of lack of expert radiologists.
This increases demand for teleradiology for emergency cases or for second opinion.
Additionally, people prefer to opt for second opinion from expert radiologists.
However, lack of advanced image transfer technology in rural areas, complex cross-
border regulations, high initial investment, and lingual differences that lead to
confusion could restrict the growth of the teleradiology market in Western Europe
during the forecast period 2015 to 2023. The nuclear imaging segment has witnessed
sluggish growth as compared to other modalities due to requirement of sophisticated
technology and adverse effects of radiation and radioactive substances. However,
widespread use of positron emission tomography (PET) and single photon emission
computed tomography (SPECT) scanners for cancer detection and increasing use of
multimodality imaging could propel the nuclear imaging market in Western Europe
during the forecast period. The magnetic resonance imaging segment has witnessed
moderate growth owing to high precision in diagnosis, rising awareness in
economically backward areas, and increasing brain related disorder and injuries.
Major factors restraining the magnetic resonance imaging segment are large
investment and long waiting list due to unavailability of sophisticated magnetic
resonance imaging instruments.
Browse Full Research Report on Teleradiology Market:
http://www.transparencymarketresearch.com/western-europe-teleradiology-market.html
The teleradiology market in Western Europe is fragmented. Agfa-Gevaert N.V.,
Cybernet Medical Corporation, ONRAD, Inc., Sectra AB, Telemedicine Clinic, and
Global Diagnostics Ltd. are the major companies operating in the teleradiology
market in Western Europe. Additionally, several other domestic companies and
hospitals provide teleradiology services.
The teleradiology market in Western Europe has been segmented as follows:
•Western Europe Teleradiology Market Revenue, by Modality, 2013–2023 (US$
Mn)
oOverview
3. oX-ray
oUltrasound
oComputed Tomography
oMagnetic Resonance Imaging (MRI)
oNuclear Imaging
•Western Europe Teleradiology Market Revenue, by Country, 2013–2023 (US$
Mn)
oOverview
oU.K.
oGermany
oSpain
oItaly
oNetherlands
oRest of Western Europe
Browse Full Press Release on Teleradiology Market:
About Us
Transparency Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s exclusive blend
of quantitative forecasting and trend analysis provides forward-looking insight for
thousands of decision makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and techniques to gather
Press Release
4. and analyze information.
TMR’s data repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information. With extensive
research and analysis capabilities, Transparency Market Research employs rigorous
primary and secondary research techniques to develop distinctive data sets and
research material for business reports.
Contact Us
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com