North America Teleradiology Services Market Forecast to 2030

North America Teleradiology Services Market Forecast to 2030 – Regional Analysis – by Deployment Type (Cloud-based, and Web-based), Modality (MRI, CT-Scan, X-ray, Ultrasound, and Others), Application (Musculoskeletal System, Gastroenterology, Cardiology, Oncology, Neurology, and Others), and End User (Hospitals and Clinics, Diagnostic and Imaging Centers, and Others)

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Description

The North America teleradiology services market was valued at US$ 1,055.09 million in 2022 and is expected to reach US$ 3,683.95 million by 2030; it is estimated to register a CAGR of 16.9% from 2022 to 2030.

Shortage of Radiologist and Doctors Fuels North America Teleradiology Services Market

There has been a substantial shortage in the number of healthcare professionals such as radiologist, physicians, and doctors worldwide. According to an article ‘Minding the Gap: Strategies to Address the Growing Radiology Shortage,’ published in July 2023, about 80% of the health systems are reporting shortages in their radiology department. In addition, as per the analysis carried out by the Association of American Medical Colleges, the shortage of radiologists and other specialists could exceed 35,000 by 2034. According to a survey carried out by American Society of Radiologic Technologists (ASRT) Radiologic Sciences Staffing and Workplace in 2023, below are the vacancy rate of radiologists:

Source: Following 2023 Trends in the Radiologic Technologist Staffing Shortage

Similarly, the US is facing a serious shortage of physicians and radiologist staff, majorly due to the aging population and impending retirements of older physicians. According to the data published by the Association of American Medical Colleges (AAMC), the US is expected to face a shortage of up to 120,000 physicians by 2030, impacting patient care across the nation.

Additionally, the world faces a huge shortage of radiologist and nursing staff owing to a large influx of patients into the health system and increasing health issues among baby boomers. The burden of resource shortage impacts radiologists working in the profession due to the piling up of work. Teleradiology outsourcing involves the transfer of radiological images for remote diagnosis and reporting by experts through the Internet. Due to the growing shortage of staff in radiology department, healthcare facilities are shifting toward teleradiologist as they can be easily connected online. Thus, the shortage of radiologist is fueling the growth of the teleradiology services market.

North America Teleradiology Services Market Overview

The North America teleradiology services market has been segmented into the US, Canada, and Mexico. The increasing acceptance of technologically advanced products, a rise in research and development activities, the presence of large healthcare businesses, and the growing use of teleradiology services are among the key factors propelling the growth of the teleradiology services market in North America.

Teleradiology has emerged as a potential solution, with small stroke experts guiding local emergency physicians through a thorough neurological exam, imaging review, and management decisions. According to IntechOpen, stroke is the fifth leading cause of death in the US, with one stroke occurring approximately every 40 seconds and stroke-related death occurring roughly every 4 minutes. Teleradiology networks use digital technology for two-way, high-definition video teleconferencing to bridge these differences by providing safe, efficient, and affordable care to underserved communities across the US.

Teleradiology networks, such as traditional practices, must comply with the Health Insurance Portability and Accountability Act (HIPAA), which regulates the protection of health information in the country. The increased use of teleradiology across the country provides more extensive access to acute care expertise without delay and helps fill gaps in regional access to stroke care. Investments in improving care systems have been successful, and improved access to expertise and healthcare for patients remote from centers of expertise can be seen. With the increasing adoption of teleradiology, it is estimated that 96% of the US population has received optimal care, which is remarkable given the country’s geographic spread.

As telemedicine acceptance increases, the importance of building cohesion among physicians in telemedicine teams also flourishes. Additional government regulations regarding privacy, confidentiality, and patient rights apply in the country, and these may go beyond the existing requirements for general medical interactions. Thus, the above-mentioned factors are estimated to propel the teleradiology services market growth in the US during the forecast period.

North America Teleradiology Services Market Revenue and Forecast to 2030 (US$ Million)

North America Teleradiology Services Market Segmentation

The North America teleradiology services market is categorized into treatment, modality, application, end user, and country.

Based on treatment, the North America teleradiology services market is bifurcated into cloud based and web based. The cloud based segment held a larger North America teleradiology services market share in 2022.

In terms of modality, the North America teleradiology services market is segmented into MRI, CT-scan, X-ray, ultrasound, and others. The CT-scan segment held the largest North America teleradiology services market share in 2022.

By application, the North America teleradiology services market is divided into musculoskeletal system, gastroenterology, cardiology, oncology, neurology, and others. The musculoskeletal system segment held the largest North America teleradiology services market share in 2022.

In terms of end user, the North America teleradiology services market is categorized into hospitals and clinics, diagnostic and imaging centers, others. The hospitals and clinics segment held the largest North America teleradiology services market share in 2022.

By country, the North America teleradiology services market is segmented into the US, Canada, and Mexico. The US dominated the North America teleradiology services market share in 2022.

RAYUS Radiology Network, ONRAD Inc, Real Radiology LLC, Teleradiology Solutions Inc, Envision Healthcare Corp, and TeleDiagnosys LLC. are some of the leading companies operating in the North America teleradiology services market.

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At 16.9% CAGR, North America Teleradiology Services Market is Speculated to be Worth US$ 3,683.95 Million by 2030, says the Research Team

According to the Research Team’ research, the North America teleradiology services market was valued at US$ 1,055.09 million in 2022 and is expected to reach US$ 3,683.95 million by 2030, registering a CAGR of 16.9% from 2022 to 2030. Shortage of radiologist and doctors and promising 5G technology to enhance are among the critical factors attributed to drive the North America teleradiology services market growth.

Telemedicine requires a network supporting high-quality videos while remotely monitoring patients in real time. Using 4G or older networks for transferring larger files between departments can be time-consuming, forcing physicians to spend their valuable time waiting for the file transfer process to complete. Upgrading to 5G can eliminate these blocks and provide healthcare providers with a more effective network that can continue to adapt to new technology. 5G is the next generation of wireless technology that benefits all devices operating in a network by providing higher bandwidths, faster speeds, and greater capacity to connect devices. 5G technology offers 100-2,000 times faster speed than typical hospital wireless networks, as it allows for quick data transfer even for large data sets (i.e., low latency), which will help the medical device connectivity to work faster. Remote patient monitoring aided in the proactive management of chronic diseases and the delivery of healthcare services. Healthcare experts increasingly recognized the value of medical device connectivity. As a result, the future of healthcare information systems is shifting toward digital data services. For example, EHRs, smart clinical administrative systems, and patient data portals are transforming the medical field to allow extraordinary access to care and interoperability among patient medical records. Due to various benefits offered by this technology, 5G is the best candidate to enrich cloud-based services and expand the offering of connected solutions. As 5G wireless connectivity expands what is possible from connected medical devices, care providers can treat more patients and provide medical assistance to underserved patients worldwide. It means a world of care accessibility for patients that was once impractical. Wireless technology enables connectivity among devices in the hospital, at home, and wherever a point of need arises. 5G-enabled wearable devices can transmit large data packets throughout the day, driving improved patient outcomes through continuous remote monitoring. Thus, with increasing medical device connectivity usage, the need for a better network and technology also arises, and 5G is one such technology that is likely to offer growth opportunities to the market during the forecast period.

On the contrary, security and privacy concerns hamper the growth of North America teleradiology services market.

Based on treatment, the North America teleradiology services market is bifurcated into cloud based and web based. The cloud based segment held 68.5% market share in 2022, amassing US$ 723.07 million. It is projected to garner US$ 2,547.71 million by 2030 to register 17.0% CAGR during 2022-2030.

In terms of modality, the North America teleradiology services market is segmented into MRI, CT-scan, X-ray, ultrasound, and others. The CT-scan segment held 31.5% share of North America teleradiology services market in 2022, amassing US$ 331.95 million. It is anticipated to garner US$ 1,182.38 million by 2030 to expand at 17.2% CAGR during 2022-2030.

By application, the North America teleradiology services market is divided into musculoskeletal system, gastroenterology, cardiology, oncology, neurology, and others. The musculoskeletal system segment held 25.9% share of North America teleradiology services market in 2022, amassing US$ 272.98 million. It is projected to garner US$ 1,038.16 million by 2030 to expand at 18.2% CAGR from 2022 to 2030.

In terms of end user, the North America teleradiology services market is categorized into hospitals and clinics, diagnostic and imaging centers, others. The hospitals and clinics segment held 58.5% share of North America teleradiology services market in 2022, amassing US$ 617.37 million. It is projected to garner US$ 2,233.61 million by 2030 to expand at 17.4% CAGR from 2022 to 2030.

Based on country, the North America teleradiology services market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.7% share of North America teleradiology services market in 2022. It was assessed at US$ 872.65 million in 2022 and is likely to hit US$ 3,057.11 million by 2030, registering a CAGR of 17.0% during 2022-2030.

Key players operating in the North America teleradiology services market are RAYUS Radiology Network, ONRAD Inc, Real Radiology LLC, Teleradiology Solutions Inc, Envision Healthcare Corp, and TeleDiagnosys LLC., among others.

In May 2022, Synapse Enterprise Information System from Fujifilm has been chosen by RAYUS Radiology, as the workflow management system for its extensive network of more than 150 imaging centers nationwide, according to FUJIFILM Healthcare Americas Corporation, a leading provider of enterprise imaging and informatics solutions.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America teleradiology services market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the North America teleradiology services market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America teleradiology services market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Teleradiology Services Market – Key Market Dynamics
4.1 North America Teleradiology Services Market – Key Market Dynamics
4.2 Market Drivers:
4.2.1 Shortage of Radiologist and Doctors
4.2.2 Growing Adoption of Teleradiology Services
4.3 Market Restraints
4.3.1 Security and Privacy Concerns
4.4 Market Opportunities
4.4.1 Adoption of Artificial Intelligence (AI) in Teleradiology
4.5 Future Trends
4.5.1 Promising 5G Technology to Enhance
4.6 Impact of Drivers and Restraints:
5. Teleradiology Services Market – North America Market Analysis
5.1 North America Teleradiology Services Market Revenue (US$ Million), 2020-2030
5.2 North America Teleradiology Services Market Forecast Analysis
6. North America Teleradiology Services Market Analysis – by Deployment Type
6.1 Cloud-based
6.1.1 Overview
6.1.2 Cloud-based: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
6.2 Web-based
6.2.1 Overview
6.2.2 Web-based: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
7. North America Teleradiology Services Market Analysis – by Modality
7.1 MRI
7.1.1 Overview
7.1.2 MRI: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
7.2 CT-Scan
7.2.1 Overview
7.2.2 CT-Scan: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
7.3 X-ray
7.3.1 Overview
7.3.2 X-ray: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Ultrasound
7.4.1 Overview
7.4.2 Ultrasound: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Teleradiology Services Market Analysis – by Application
8.1 Musculoskeletal System
8.1.1 Overview
8.1.2 Musculoskeletal System: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gastroenterology
8.2.1 Overview
8.2.2 Gastroenterology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Cardiology
8.3.1 Overview
8.3.2 Cardiology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Oncology
8.4.1 Overview
8.4.2 Oncology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Neurology
8.5.1 Overview
8.5.2 Neurology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Teleradiology Services Market Analysis – by End User
9.1 Hospitals and Clinics
9.1.1 Overview
9.1.2 Hospitals and Clinics: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Diagnostic and Imaging Centers
9.2.1 Overview
9.2.2 Diagnostic and Imaging Centers: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
10. North America Teleradiology Services Market – Country Analysis
10.1 North America
10.1.1 North America: Teleradiology Services Market – Revenue and Forecast Analysis – by Country
10.1.1.1 North America: Teleradiology Services Market – Revenue and Forecast Analysis – by Country
10.1.1.2 United States: Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 United States: Teleradiology Services Market Breakdown, by Deployment Type
10.1.1.2.2 United States: Teleradiology Services Market Breakdown, by Modality
10.1.1.2.3 United States: Teleradiology Services Market Breakdown, by Application
10.1.1.2.4 United States: Teleradiology Services Market Breakdown, by End User
10.1.1.3 Canada: Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Canada: Teleradiology Services Market Breakdown, by Deployment Type
10.1.1.3.2 Canada: Teleradiology Services Market Breakdown, by Modality
10.1.1.3.3 Canada: Teleradiology Services Market Breakdown, by Application
10.1.1.3.4 Canada: Teleradiology Services Market Breakdown, by End User
10.1.1.4 Mexico: Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Mexico: Teleradiology Services Market Breakdown, by Deployment Type
10.1.1.4.2 Mexico: Teleradiology Services Market Breakdown, by Modality
10.1.1.4.3 Mexico: Teleradiology Services Market Breakdown, by Application
10.1.1.4.4 Mexico: Teleradiology Services Market Breakdown, by End User
11. Company Profiles
11.1 RAYUS Radiology Network
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ONRAD Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Real Radiology LLC
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Teleradiology Solutions Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Envision Healthcare Corp
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 TeleDiagnosys LLC
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About Us
12.2 Glossary of Terms

LIST OF TABLES

Table 1. North America Teleradiology Services Market Segmentation
Table 2. Largest Healthcare Data Breaches (2009-2022) as per HIPAA Journal
Table 3. North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million) – by Deployment Type
Table 5. North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million) – by Modality
Table 6. North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 7. North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million) – by End User
Table 8. North America: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. United States: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Deployment Type
Table 10. United States: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Modality
Table 11. United States: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 12. United States: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 13. Canada: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Deployment Type
Table 14. Canada: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Modality
Table 15. Canada: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Canada: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 17. Mexico: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Deployment Type
Table 18. Mexico: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Modality
Table 19. Mexico: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 20. Mexico: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million) – by End User
Table 21. Glossary of Terms, Teleradiology Services Market

LIST OF FIGURES

Figure 1. North America Teleradiology Services Market Segmentation, by Country
Figure 2. Impact Analysis of Drivers and Restraints
Figure 3. North America Teleradiology Services Market Revenue (US$ Million), 2020-2030
Figure 4. North America Teleradiology Services Market Share (%) – by Deployment Type (2022 and 2030)
Figure 5. Cloud-based: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 6. Web-based: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. North America Teleradiology Services Market Share (%) – by Modality (2022 and 2030)
Figure 8. MRI: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. CT-Scan: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. X-ray: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Ultrasound: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. North America Teleradiology Services Market Share (%) – by Application (2022 and 2030)
Figure 14. Musculoskeletal System: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Gastroenterology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Cardiology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Oncology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Neurology: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. North America Teleradiology Services Market Share (%) – by End User (2022 and 2030)
Figure 21. Hospitals and Clinics: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Diagnostic and Imaging Centers: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 23. Others: North America Teleradiology Services Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. North America: Teleradiology Services Market Revenue, by Key Countries, (2022) (US$ Mn)
Figure 25. North America: Teleradiology Services Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 26. United States: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Canada: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Mexico: Teleradiology Services Market – Revenue and Forecast to 2030(US$ Million)

The List of Companies – North America Teleradiology Services Market

1. RAYUS Radiology Network
2. ONRAD Inc
3. Real Radiology LLC
4. Teleradiology Solutions Inc
5. Envision Healthcare Corp
6. TeleDiagnosys LLC

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