LONDON: Global teleradiology market revenues are expected to reach a total of US$ 1,738.4 Mn in 2016, a year-over-year growth of 13%. The U.S. will continue to be at the forefront of global adoption, with high awareness and availability of advanced teleradiology software boosting growth of the market. Overall, the North America teleradiology market is anticipated to reach US$ 688.2 Mn in 2016.
In addition to North America, other key markets for teleradiology include the U.K. and Germany in Europe, and Australia, Malaysia, and Philippines in Asia Pacific. The Europe teleradiology market is expected to grow by 13.1% in terms of revenues in 2016, whereas the APAC radiology market’s growth is projected at 13.8%. U.K. and Australia will continue to remain the largest markets for teleradiology in Europe and APAC respectively. Rapid development in digital image processing technologies, and advancement in telecommunications, digital technology, and healthcare informatics are fuelling the adoption of radiology in these key markets. Lack of expert radiologists has also contributed to making teleradiology an appealing alternative in emergency cases for a second opinion. While these factors are expected to fuel the growth of the market in 2016 and beyond, high cost, combined with lack of foolproof security can pose challenges to adoption.
