Europe Teleradiology Services Market
No. of Pages: 78 | Report Code: BMIRE00030434 | Category: Life Sciences
No. of Pages: 78 | Report Code: BMIRE00030434 | Category: Life Sciences
The Europe teleradiology services market was valued at US$ 618.65 million in 2022 and is expected to reach US$ 2,129.72 million by 2030; it is estimated to register a CAGR of 16.7% from 2022 to 2030. Growing Adoption of Teleradiology Services Drives Europe Teleradiology Services Market
Teleradiology is a branch of telemedicine that involves transmitting radiological medical images in multiple modalities from one location to another to share studies with other radiologists and physicians for analysis and interpretation purposes. Due to the outbreak of COVID-19 in November 2019, a number of healthcare establishments issued guidance to healthcare providers and people in the affected areas to maintain social distancing and offer clinical services through virtual means such as telehealth.
As telehealth is bridging the gap between people, physicians, and health systems by enabling patients to communicate with physicians through virtual channels, it is helping in reducing unnecessary visits to hospitals for minor issues. Teleradiology has facilitated subspecialty consultations and collaborations. Radiologists who have specialized expertise can remotely consult complex cases, ensuring accurate diagnoses and tailored treatment plans. When paired with telehealth services, teleradiology can help care providers study real-time patient data to generate intelligent individualized insights and curate the best treatment plan from the comfort and safety of their homes.Europe Teleradiology Services Market Overview
The European teleradiology services market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The region holds a significant share of the global teleradiology services market and is expected to register a notable CAGR during the forecast period. The market growth in Europe is attributed to an upsurge in use of teleradiology services and an increase in government investments in teleradiology services. According to the British Journal of Anesthesia, in 2023, ~11 million surgical procedures are performed each year in the UK. UK healthcare has been known as a pioneer in transcatheter heart valve interventions for over 25 years. The range of catheter-based repair to mitral, pulmonic, and prosthetic valves diseases has been expanded after the performance of the first balloon aortic valvuloplasty in 1984. The British Heart Foundation's estimates stated that ~7 million people are living with cardiovascular disease in the UK. Furthermore, increasing healthcare expenditure is another factor that is likely to boost the market growth in the coming years. According to the British Heart Foundation, ~371,000 heart procedures and operations were performed in England in 2020, which is contributing to the teleradiology services market.
Europe Teleradiology Services Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Europe Teleradiology Services provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Teleradiology Services refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2022
US$ 618.65 Million
Market Size by 2030
US$ 2,129.72 Million
Global CAGR (2022 - 2030)
16.7%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Deployment Type
By Modality
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
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Europe Segmentation
The Europe teleradiology services market is categorized into deployment type, modality, application, end user, and country.
Based on deployment type, the Europe is bifurcated into cloud based and web based. The cloud-based segment held a larger Europe share in 2022.
In terms of modality, the Europe is segmented into MRI, CT-scan, X-ray, ultrasound, and others. The CT-scan segment held the largest Europe share in 2022.
By application, the Europe is divided into musculoskeletal system, gastroenterology, cardiology, oncology, neurology, and others. The musculoskeletal system segment held the largest Europe share in 2022.
In terms of end user, the Europe is categorized into hospitals and clinics, diagnostic and imaging centers, others. The hospitals and clinics segment held the largest Europe share in 2022.
By country, the Europe is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The UK dominated the Europe share in 2022.
medavis GmbH, RAYUS Radiology Network, TeleDiagnosys LLC, Teleradiology Solutions Inc, and Vital Radiology Services are some of the leading companies operating in the Europe .
1. medavis GmbH
2. RAYUS Radiology Network
3. TeleDiagnosys LLC
4. Teleradiology Solutions Inc
5. Vital Radiology Services
The Europe Teleradiology Services Market is valued at US$ 618.65 Million in 2022, it is projected to reach US$ 2,129.72 Million by 2030.
As per our report Europe Teleradiology Services Market, the market size is valued at US$ 618.65 Million in 2022, projecting it to reach US$ 2,129.72 Million by 2030. This translates to a CAGR of approximately 16.7% during the forecast period.
The Europe Teleradiology Services Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Teleradiology Services Market report:
The Europe Teleradiology Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Teleradiology Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Teleradiology Services Market value chain can benefit from the information contained in a comprehensive market report.
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