Teleradiology Market May See a Big Move by 2025 Covid-19 Analysis | CAGR 18.4%
Based on teleradiology market trends by application, the CT scan segment accounted for the majority of teleradiology market share of the global market in 2017.
NE WIN SIVERS DRIVE, PROVINCE: - PORTLAND, UNITED STATES, December 27, 2021 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, "Teleradiology Market by Imaging Technique, Technology, and End User: Global Opportunity Analysis and Industry Forecast, 2018 - 2025," the global teleradiology market accounted for $2,709 million in 2017 and is expected to reach $10,621 million by 2025 with a CAGR of 18.4% from 2018 to 2025. North America was the highest revenue contributor in 2017 and is anticipated to maintain the same trend throughout the forecast period.
Teleradiology is the branch of telemedicine that involves transmission of radiological images and related data from one location to another for diagnostic and consulting purpose. It is an advanced technology that has emerged due to the imbalance between demand and availability of diagnostic services during emergency situations. Earlier, teleradiology was used only for emergencies; however, with advent of internet and advancements in the IT industry, teleradiology practice has become more common in recent years. The availability of computer programs such as picture archiving & communication system (PACS) and radiological information system (RIS), that are specifically dedicated to sending radiological images has led to the major advancements in teleradiology technologies.
1) The COVID-19 impact on the Teleradiology Market is unpredictable and is expected to remain in force till the fourth quarter of 2018.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2018. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.