Radiology As A Service Market 2022 Size, Share, Trends And Industry Forecast 2028

Radiology As A Service Industry Overview

The global radiology as a service market size was valued at USD 1.1 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 20.3% from 2021 to 2028.

Increasing demand for advanced, low-cost cloud-based medical imaging services is the key driving factor for the market. In addition, the rising number of cancer cases globally increases the number of medical images, which, in turn, is expected to drive market growth. According to the National Cancer Institute (NCI), about 39.5% will be diagnosed with cancer at some point in their life. In 2018, there were 18.1 million new cases worldwide, and the number is expected to rise to 29.5 million by 2040. Further, the growing number of medical images and the low availability of radiologists around the globe are projected to propel the market growth over forecast years.

Gather more insights about the market drivers, restrains and growth of the Global Radiology As A Service Market

According to the Association of American Medical Colleges (AAMC) 2019 survey in the U.S., there could have a shortfall of 42000 radiologists by 2033. In addition, as per the AAMC public opinion survey in 2019, about 35% of Americans had trouble finding a doctor during the past three years.

Advancements in medical imaging technology have contributed to the increasing preference for teleradiology and cloud-based imaging services. The integration of Artificial Intelligence (AI) interface with teleradiology workflows helps the radiologist more efficiently and accurately.

Radiology as a service offers 24/7 service to support and enhance the work of radiologists around the globe. The radiology as a service model also provides quality diagnostic imaging through teleradiology, cloud-based imaging, technology management, and consulting services via trained professionals. radiology as a service provides radiologists with easy access to rural district hospitals and community health centers. The COVID-19 pandemic has negatively impacted various markets. Few industries, including radiology as a service, registered a drop in demand, while many other industries had promising growth opportunities.

The regions, such as Europe, North America, and Asia Pacific, have been highly affected due to the COVID-19 pandemic. Due to the pandemic, there is a significant decrease in radiology procedures. With an increase in the number of coronavirus cases, radiologists and physicians are involved in the diagnosis and treatment of COVID-19. Furthermore, increasing industry consolidation activities by key service providers are anticipated to drive market growth. Key service providers are involved in acquisitions, mergers, and collaborations. In January 2021, Philips announced the acquisition of Capsule Technologies, Inc., which is a leading provider of medical device integration and data technologies for hospitals and healthcare organizations.

Browse through Grand View Research's Healthcare IT Industry Research Reports

·         Dental Simulator Market: The global dental simulator market size was valued at USD 314.32 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.44% from 2022 to 2030. 

·         Physical Therapy Software Market: The global physical therapy software market size was valued at USD 1.09 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% throughout the forecast period. 

Radiology As A Service Market Segmentation

 

Grand View Research has segmented the global radiology as a service market based on service, end user, and region:

Radiology As A Service Outlook (Revenue, USD Million, 2016 - 2028)

·         Teleradiology

·         Cloud-based Imaging IT Services

·         Consulting Services

·         Technology Management Services

Radiology As A Service End-user Outlook (Revenue, USD Million, 2016 - 2028)

·         Hospitals

·         Diagnostic Imaging Centers

·         Radiology Clinics

·         Physician Offices

·         Nursing Homes

Radiology As A Service Regional Outlook (Revenue, USD Million, 2016 - 2028)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         MEA

 

Market Share Insights

·         August 2021: NANO-X IMAGING LTD acquired Zebra Medical Vision a leading medical artificial intelligence (AI) developer to provide end-to-end radiology solutions. 

·         March 2019: Phillips, a global leader in health technology, expanded its teleradiology service portfolio, which includes on-call radiologist services, advanced teleradiology viewing, and reporting capabilities, and related exam workflow enhancement applications.

·         February 2017: GE Healthcare and Teleradiology Solutions collaborated to improve advanced radiology interpretation services. 

 

Key Companies profiled:

Some of the major players in the global radiology as a service market include:

·        Philips Healthcare (Direct Radiology)

·        GE Healthcare

·        Nanox.ARC

·        USARAD Holdings Inc.

·        Virtual Radiologic

·        ONRAD Inc.

·        RamSoft Inc.

·        TeleDiagnostic Solutions

·        Teleradiology Solutions

·        National Diagnostic Imaging

·        Real Rads

·        Telemedicine Clinic U.K.

·        Vesta Teleradiology

·        DICOM Grid, Inc. (dba Ambra Health)

·        Teleconsult Europe

·        Medica Group PLC

 

Order a free sample PDF of the Radiology As A Service Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

 

 

Comments

Post a Comment

Popular posts from this blog

Smart Glass Market Is Projected To Grow Robustly By 2030

  Smart Glass Industry The global smart glass market size was estimated at USD 6.59 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030. The growing energy-conservation initiatives, such as green buildings and eco-friendly structures are expected to drive the market expansion. Moreover, favorable regulatory scenario facilitating financial and tax benefits is also positively influencing the market space. Rise in developments, including an increase in investment level and the establishment of industrial-scale production capacity, has contributed to the glass industry's growth. Recent trends in modern architecture, such as extensive use of window structures inside the buildings, increasing area of glazing, and maximizing external environment interference, are fueling the demand for smart solutions. Moreover, in multi-story buildings, smart device solution solves the problem of energy-saving and safety concerns. Many building owners...
Read more

Clinical Alarm Management Market 2024 Trend, Marketing Channels and Investment Feasibility

  Clinical Alarm Management Industry The global clinical alarm management market size was estimated at USD 2.13 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.0% from 2024 to 2030. Growing cases of alarm fatigue and the need for cost-containment are the factors expected to boost market growth. Furthermore, prolonged hospital stays coupled with technological advancements in this sector and rising prevalence of various chronic diseases are most likely to fuel market growth. Increasing cases of alarm fatigue are expected to boost the demand for alarm management solutions as well as services. Alarm fatigue is a significant concern in healthcare, leading to excessive non-actionable alarms that can compromise patient safety. The Making Health Care Safer (MHCS) reports from the Agency for Healthcare Research and Quality (AHRQ) emphasize implementing safety culture elements, risk assessments, and training to reduce alarm burden and improve overall pat...
Read more

Omega 3 Supplements Market 2020: Analysis, Growth, Size, Trends And Forecast 2028

  Omega 3 Supplements Industry The global  omega 3 supplements market  size was valued at USD 5.58 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2020 to 2028. A sedentary lifestyle has resulted in a rising number of chronic diseases, which is expected to propel the product demand. The omega-3 fatty acids aid in decreasing the risk of abnormal heartbeats or arrhythmias, which can even cause sudden death of the patient. It also helps in reducing triglyceride levels, slowing the growth rate of atherosclerotic plaque, and lowering blood pressure levels. Consumers are increasingly shifting to healthier alternatives while adopting preventive care as a necessary tool to help them lead a better lifestyle. Thus, omega 3 supplements are being increasingly consumed as they are a rich source of vitamins, proteins, minerals and render benefits to diseases, such as cancer, asthma, depression, and others. The U.S. dominated the North Amer...
Read more