The global teleradiology software market size was estimated to be USD 2.28 billion in 2023 and is expected to reach USD 6.85 billion by 2034 with a CAGR of 10.53% during the forecast period 2024-2034. The market will increase due to factors such as the increasing need for remote diagnostics, the shortage of radiologists, technological advancements in imaging and communication, the rise in the prevalence of chronic diseases, and supportive government initiatives and policies.
The increasing demand for remote diagnostics, particularly in rural and underserved regions, significantly contributes to teleradiology software adoption. Healthcare facilities in these areas frequently experience a shortage of radiologists, rendering teleradiology an essential resource for ensuring timely diagnosis and treatment. For instance, In May 2024, Carestream Health unveiled the Image Suite MR 10 Software, which enhances the imaging experience for both Computed Radiography (CR) and Digital Radiography (DR) systems. This advanced software not only optimizes performance but also provides a user-friendly interface. Additionally, it introduces several new features aimed at improving productivity and operational efficiency in medical imaging.
By software type, the picture archive and communication system (PACS) segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the growing adoption of PACS in healthcare facilities for efficient storage, retrieval, and transmission of medical images, and its widespread integration with existing hospital information systems (HIS). For instance, AI-driven radiology report generation was incorporated by RamSoft and RADPAIR into the OmegaAI platform in June 2024, allowing for the automated creation of patient-specific reports and optimizing radiologists' clinical output. Additionally, the vendor-neutral archive segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for interoperability and flexibility in storing, managing, and sharing medical images across different platforms and healthcare providers.
By mode of delivery, the web-based segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the ease of deployment, cost-effectiveness, and widespread accessibility of web-based solutions, which do not require extensive infrastructure or high upfront costs. For instance, The Telerad Group demonstrated their AI-powered RIS-PACS solution, RADSpa, at Arab Health 2024 in February 2024, showcasing its state-of-the-art technology and creative solutions for the radiology sector. Additionally, the cloud-based segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing preference for scalable, secure, and easily accessible storage and retrieval options that offer remote access to radiological images and reduce the need for on-site data centers.
By end-user, the hospitals segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the large volume of diagnostic imaging procedures conducted in hospitals, coupled with their investment in advanced radiology software solutions to enhance workflow efficiency and improve patient care. For instance, at IRIA 2024 in January 2024, Philips demonstrated its AI-powered imaging solutions with its next-generation CT, MRI, and ultrasound systems, such as the BlueSeal magnet technology and Compact Ultrasound 5000 series. Additionally, the clinics segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising number of specialty clinics offering diagnostic services, increasing reliance on teleradiology for remote consultation, and the growing focus on outpatient care settings for imaging procedures.
North American region is anticipated for the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, high adoption of advanced healthcare technologies, increasing demand for teleradiology services to manage the shortage of radiologists, and supportive government policies for telemedicine and digital healthcare solutions. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the growing healthcare investments, rising awareness of telemedicine services, increasing prevalence of chronic diseases, expanding access to high-speed internet, and the rapid development of healthcare infrastructure in emerging economies such as China and India. For instance, Experity purchased OnePACS, a SaaS PACS solution, in August 2023. This acquisition allowed the firm to provide a fully tech-enabled service, improving the availability and delivery of high-quality on-demand care.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
The increasing demand for remote diagnostics, particularly in rural and underserved regions, significantly contributes to teleradiology software adoption. Healthcare facilities in these areas frequently experience a shortage of radiologists, rendering teleradiology an essential resource for ensuring timely diagnosis and treatment. For instance, In May 2024, Carestream Health unveiled the Image Suite MR 10 Software, which enhances the imaging experience for both Computed Radiography (CR) and Digital Radiography (DR) systems. This advanced software not only optimizes performance but also provides a user-friendly interface. Additionally, it introduces several new features aimed at improving productivity and operational efficiency in medical imaging.
By software type, the picture archive and communication system (PACS) segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the growing adoption of PACS in healthcare facilities for efficient storage, retrieval, and transmission of medical images, and its widespread integration with existing hospital information systems (HIS). For instance, AI-driven radiology report generation was incorporated by RamSoft and RADPAIR into the OmegaAI platform in June 2024, allowing for the automated creation of patient-specific reports and optimizing radiologists' clinical output. Additionally, the vendor-neutral archive segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing demand for interoperability and flexibility in storing, managing, and sharing medical images across different platforms and healthcare providers.
By mode of delivery, the web-based segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the ease of deployment, cost-effectiveness, and widespread accessibility of web-based solutions, which do not require extensive infrastructure or high upfront costs. For instance, The Telerad Group demonstrated their AI-powered RIS-PACS solution, RADSpa, at Arab Health 2024 in February 2024, showcasing its state-of-the-art technology and creative solutions for the radiology sector. Additionally, the cloud-based segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing preference for scalable, secure, and easily accessible storage and retrieval options that offer remote access to radiological images and reduce the need for on-site data centers.
By end-user, the hospitals segment accounted for the highest revenue-grossing segment in the global teleradiology software market in 2023 owing to the large volume of diagnostic imaging procedures conducted in hospitals, coupled with their investment in advanced radiology software solutions to enhance workflow efficiency and improve patient care. For instance, at IRIA 2024 in January 2024, Philips demonstrated its AI-powered imaging solutions with its next-generation CT, MRI, and ultrasound systems, such as the BlueSeal magnet technology and Compact Ultrasound 5000 series. Additionally, the clinics segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising number of specialty clinics offering diagnostic services, increasing reliance on teleradiology for remote consultation, and the growing focus on outpatient care settings for imaging procedures.
North American region is anticipated for the highest revenue share during the forecast period owing to the well-established healthcare infrastructure, high adoption of advanced healthcare technologies, increasing demand for teleradiology services to manage the shortage of radiologists, and supportive government policies for telemedicine and digital healthcare solutions. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the growing healthcare investments, rising awareness of telemedicine services, increasing prevalence of chronic diseases, expanding access to high-speed internet, and the rapid development of healthcare infrastructure in emerging economies such as China and India. For instance, Experity purchased OnePACS, a SaaS PACS solution, in August 2023. This acquisition allowed the firm to provide a fully tech-enabled service, improving the availability and delivery of high-quality on-demand care.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Software Type, Mode of Delivery, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Teleradiology Software Market Report 2023 - 2034
Teleradiology Software Market Analysis & Forecast by Software Type 2023 - 2034 (Revenue USD Bn)
- Radiology Information System
- Picture Archive and Communication System
- Vendor Neutral Archive
Teleradiology Software Market Analysis & Forecast by Mode of Delivery 2023 - 2034 (Revenue USD Bn)
- Web-based
- Cloud-based
- On-premise
Teleradiology Software Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Clinics
- Others
Teleradiology Software Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Teleradiology Software Market: Software Type Estimates & Trend Analysis
8. Teleradiology Software Market: Mode of Delivery Estimates & Trend Analysis
9. Teleradiology Software Market: End-User Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Teleradiology Software Market
12. Europe Global Teleradiology Software Market
13. Asia Pacific Global Teleradiology Software Market
14. Latin America Global Teleradiology Software Market
15. MEA Global Teleradiology Software Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- TeleRadiology Solutions Inc.
- Rays Medical Systems Inc.
- eRadiology
- Ambra Health
- vRad (Virtual Radiologic)
- Qure.ai
- GE Healthcare
- Siemens Healthineers
- Philips Healthcare
- Fujifilm Medical Systems
- InteleRad
- Merge Healthcare (an IBM Company)
- Zebra Medical Vision
- Nuffield Health
- DICOM Grid.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | December 2024 |
Forecast Period | 2023 - 2034 |
Estimated Market Value ( USD | $ 2.28 Billion |
Forecasted Market Value ( USD | $ 6.85 Billion |
Compound Annual Growth Rate | 10.5% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |