Teleradiology Software Market

Executive Summary

Teleradiology Software Market was valued at US $7.76 billion in 2021 and is projected to grow at 25.13% CAGR over the forecast period to reach US $29.78 billion by 2027. Teleradiology Software Market represented US $2.80 billion opportunity over 2019-2021 and estimated to create US $22.03 billion opportunity in 2027 over 2021.

Teleradiology Software from Consainsights analyses the Teleradiology Software Market in the Life Sciences industry over the forecast period to 2027.

Teleradiology Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Teleradiology Software segmentation includes Type, Modality and Geography.

Based on the Type, the Teleradiology Software analysis covers Radiology Information System, Picture Archive and Communication System, Vendor Neutral Archive.

In Type segment, Radiology Information System segment has highest cagr growth of 22.05%.

Based on the Modality, the Teleradiology Software analysis covers Cloud-based, On-premise.

In Modality segment, Cloud-based segment has highest cagr growth of 22.05%.

Based on the region, the Teleradiology Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Carestream Health, Telerad Tech, Comarch SA, Medsynaptic Pvt Ltd, Perfect Imaging LLC, Impose Technologies Pvt Ltd., Morton & Partners Radiologists, Radical Radiology and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Type

Introduction

In 2021, Radiology Information System segment has the highest revenue of US $3.90 billion and is expected to grow at CAGR of 22.05% by 2027 Radiology Information System segment has highest cagr growth of 22.05%.

Radiology Information System

Radiology Information System segment was valued at US $2.49 billion in 2019 and is projected to grow at 22.05% CAGR over the forecast period to reach US $14.98 billion by 2027. Radiology Information System segment represented US $1.41 billion opportunity over 2019-2021 and estimated to create US $11.08 billion opportunity in 2027 over 2021.

Picture Archive and Communication System

Picture Archive and Communication System segment was valued at US $2.36 billion in 2019 and is projected to grow at 22.05% CAGR over the forecast period to reach US $14.17 billion by 2027. Picture Archive and Communication System segment represented US $1.33 billion opportunity over 2019-2021 and estimated to create US $10.48 billion opportunity in 2027 over 2021.

Vendor Neutral Archive

Vendor Neutral Archive segment was valued at US $0.11 billion in 2019 and is projected to grow at 22.05% CAGR over the forecast period to reach US $0.64 billion by 2027. Vendor Neutral Archive segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.47 billion opportunity in 2027 over 2021.

Modality

Introduction

In 2021, Cloud-based segment has the highest revenue of US $6.20 billion and is expected to grow at CAGR of 22.05% by 2027 Cloud-based segment has highest cagr growth of 22.05%.

Cloud-based

Cloud-based segment was valued at US $3.96 billion in 2019 and is projected to grow at 22.05% CAGR over the forecast period to reach US $23.81 billion by 2027. Cloud-based segment represented US $2.24 billion opportunity over 2019-2021 and estimated to create US $17.60 billion opportunity in 2027 over 2021.

On-premise

On-premise segment was valued at US $0.99 billion in 2019 and is projected to grow at 22.05% CAGR over the forecast period to reach US $5.98 billion by 2027. On-premise segment represented US $0.56 billion opportunity over 2019-2021 and estimated to create US $4.42 billion opportunity in 2027 over 2021.