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Pulished Date April, 2021
ID: 4404
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Asia-Pacific Teleradiology Market Research Report - Segmented By Application, Modality, Technology Solutions, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Size, Share, Trends, COVID-19 impact and Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 4404
Pages: 145

APAC Teleradiology Market Size (2021 to 2026)

The size of the Asia Pacific Teleradiology Market was around USD 0.35 billion in 2021. It is expected to grow at a CAGR of 19.2% between 2021 to 2026 and be worth USD 0.83 billion by 2026. Thus, it captures 20% of the global market.

Teleradiology is the practice of transmitting radiological patient picture diagnoses, such as x-rays, CT scans, and MRI scans; using network technology, data is transferred from one location to another to share research with other radiologists and physicians.

Teleradiology enhances patient care by lowering the distance barrier, allowing radiologists to provide services and care for patients without physically being present at the patient’s location. In addition, there are numerous advantages to employing teleradiology services, such as lower costs, expanded coverage, and rapid interpretations. The aforementioned factors are expected to drive the APAC teleradiology market during the forecast period.

The rising number of imaging operations, the development of IT infrastructure, the rising prevalence of osteoarthritis and chronic diseases further contribute to the teleradiology market’s growth in the APAC region. Furthermore, during the forecast period, the demand for teleradiology is predicted to rise due to the increasing global adoption of technology in healthcare.

Radiation exposure is a major challenge for the teleradiology market in the APAC region. The market for teleradiology is projected to be hampered by treatment-related side effects. In addition, during an emergency, clinicians have significant obstacles due to a lack of timely diagnostic facilities.

Impact of COVID-19 on the APAC teleradiology market:

Initially, there was a decline in teleradiology services due to the lockdown and hold on elective imaging services. However, the COVID-19 pandemic has been transforming the growth of the teleradiology market, and the outbreak’s immediate impact is varied. Teleradiology systems are commonly used in the COVID-19 pandemic situation for sharing study observations and detailed information obtained during the treatment of COVID-19 patients. This has reduced the need for printed copies of imaging findings to be sent, as well as in-person interactions.

This research report on the APAC teleradiology market has been segmented and sub-segmented into the following categories:

By Application: 

  • Picture Archiving and Communication System (PACS)
  • Radiology Information System (RIS)

By Modality: 

  • X-Ray
  • Magnetic Resonance Imaging
  • Computed Tomography
  • Ultrasound Systems
  • Nuclear Imaging

By Technology Solutions: 

  • Web-Based Teleradiology Solutions
  • Cloud-Based Teleradiology Solutions

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, Asia Pacific is projected to be the fastest-growing Teleradiology market owing to its rapidly growing healthcare infrastructure conjoined with the increasing demand for innovative and advanced medical platforms. Moreover, the huge target population base, the increasing government initiatives, and the strategic Asia Pacific expansions undertaken by major players trigger market growth. In addition, the supporting government actions, big companies’ global expansion ambitions, and the region’s rapid increase in the target population are also projected to drive growth.

Due to the development of modern healthcare infrastructure in these countries, the rising nations such as India and China are expected to grow their market share. Furthermore, due to the expanding awareness of the benefits of teleradiology, major investments in the healthcare industry, and increasing medical tourism in emerging nations within the area, the Asia Pacific region is expected to grow strongly.

Other important factors projected to boost demand for the teleradiology market include an increase in imaging operations, the introduction of the Picture Archiving and Communication System (PACS), and expanding eHealth R&D efforts.

Recent developments in the Asia Pacific, such as Philips’s debut of teleradiology services in China and the availability of a large potential population in the region without immediate access to radiologists’ assistance, are expected to drive market expansion in the region. In addition, the industry is expected to develop due to rising awareness of less expensive and more effective diagnostic methods.

KEY MARKET PLAYERS:

A few noteworthy companies dominating the Asia-Pacific teleradiology market profiled in this report are 4ways Healthcare Limited, RamSoft, Inc., Virtual Radiologic (vRAD), Agfa-Gevaert N.V., ONARD, North America Diagnostics, Everlight Radiology, Sectra AB, and Health Watch Tele Diagnostics Pvt. Ltd.

1. Introduction            

                1.1 Market Definition                

                1.2 Study Deliverables              

                1.3 Base Currency, Base Year and Forecast Periods     

                1.4 General Study Assumptions            

2. Research Methodology      

                2.1 Introduction          

                2.2 Research Phases 

  2.2.1 Secondary Research       

  2.2.2 Primary Research   

  2.2.3 Econometric Modelling  

  2.2.4 Expert Validation    

                2.3 Analysis Design    

                2.4 Study Timeline     

3. Overview  

                3.1 Executive Summary            

                3.2 Key Inferences    

                3.3 Epidemology         

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)               

                4.1 Market Drivers     

                4.2 Market Restraints                

                4.3 Key Challenges    

                4.4 Current Opportunities in the Market         

5. Market Segmentation         

                5.1 Modality 

  5.1.1 Introduction       

  5.1.2 X- Ray    

  5.1.3 Magnetic Resonance Imaging     

  5.1.4 Computed Tomography

  5.1.5 Ultrasound Systems        

  5.1.6 Nuclear Imaging

  5.1.7  Y-o-Y Growth Analysis, By Modality        

  5.1.8 Market Attractiveness Analysis, By Modality       

  5.1.9  Market Share Analysis, By Modality        

                5.2 Technology Solutions        

  5.2.1 Introduction       

  5.2.2 Web- Based Tele Radiology Solutions      

  5.2.3 Cloud- Based Tele Radiology Solutions    

  5.2.4 Y-o-Y Growth Analysis, By Technology Solutions

  5.2.5 Market Attractiveness Analysis, By Technology Solutions    

  5.2.6 Market Share Analysis, By Technology Solutions

                5.3 Application             

  5.3.1 Introduction       

  5.3.2 Picture Archiving And Communication System (PACS)     

  5.3.3 Radiology Information System (RIS)         

  5.3.4 Y-o-Y Growth Analysis, By Application     

  5.3.5  Market Attractiveness Analysis, By Application  

  5.3.6  Market Share Analysis, By Application   

6. Geographical Analysis         

                6.1 Introduction          

  6.1.1 Regional Trends

  6.1.2 Impact Analysis 

  6.1.3 Y-o-Y Growth Analysis    

            6.1.3.1 By Geographical Area                     

            6.1.3.2 By Modality                         

            6.1.3.3 By Technology Solutions                

            6.1.3.4 By Application                    

  6.1.4  Market Attractiveness Analysis 

            6.1.4.1 By Geographical Area                     

            6.1.4.2 By Modality                         

            6.1.4.3 By Technology Solutions                

            6.1.4.4 By Application                    

  6.1.5  Market Share Analysis  

            6.1.5.1 By Geographical Area                     

            6.1.5.2 By Modality                         

            6.1.5.3 By Technology Solutions                

            6.1.5.4 By Application                    

                6.2 China        

                6.3 India         

                6.4 Japan       

                6.5 South Korea          

                6.6 Australia 

7. Strategic Analysis  

                7.1 PESTLE analysis    

  7.1.1 Political 

  7.1.2 Economic   

  7.1.3 Social     

  7.1.4 Technological     

  7.1.5 Legal      

  7.1.6 Environmental   

                7.2 Porter’s Five analysis         

  7.2.1 Bargaining Power of Suppliers    

  7.2.2 Bargaining Power of Consumers

  7.2.3 Threat of New Entrants 

  7.2.4 Threat of Substitute Products and Services          

  7.2.5 Competitive Rivalry within the Industry 

8. Market Leaders' Analysis   

                8.1 Agfa-Gevaert NV

  8.1.1 Overview   

  8.1.2 Product Analysis     

  8.1.3 Financial analysis    

  8.1.4 Recent Developments   

  8.1.5 SWOT analysis   

  8.1.6 Analyst View      

                8.2 NightHawk Radiology        

                8.3 Sectra Imtec AB   

                8.4 StatRad   

                8.5 LLC             

                8.6 ALTA VISTA TELERADIOLOGY         

                8.7 Argus Radiology   

                8.8 ONRAD    

                8.9 FujiFilm Medical Systems

9. Competitive Landscape      

                9.1 Market share analysis       

                9.2 Merger and Acquisition Analysis  

                9.3 Agreements, collaborations and Joint Ventures    

                9.4 New Product Launches    

10. Market Outlook and Investment Opportunities    

Appendix      

                a) List of Tables            

                b) List of Figures         

 

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of modality, application and technology solutions along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the Asia Pacific Market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  2. Asia Pacific X- Ray Market, By Region, From 2021 to 2026 (USD Million)
  3. Asia Pacific Magnetic Resonance Imaging Market, By Region, From 2021 to 2026 (USD Million)
  4. Asia Pacific Computed Tomography Market, By Region, From 2021 to 2026 (USD Million)
  5. Asia Pacific Ultrasound Systems Market, By Region, From 2021 to 2026 (USD Million)
  6. Asia Pacific Nuclear Imaging Market, By Region, From 2021 to 2026 (USD Million)
  7. Asia Pacific Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  8. Asia Pacific Picture Archiving And Communication System (PACS) Market, By Region, From 2021 to 2026 (USD Million)
  9. Asia Pacific Radiology Information System (RIS) Market, By Region, From 2021 to 2026 (USD Million)
  10. Asia Pacific Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)
  11. Asia Pacific Web- Based Tele Radiology Solutions Market, By Region, From 2021 to 2026 (USD Million)
  12. Asia Pacific Cloud- Based Tele Radiology Solutions Market, By Region, From 2021 to 2026 (USD Million)
  13. Japan Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  14. Japan Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  15. Japan Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)
  16. China Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  17. China Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  18. China Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)
  19. India Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  20. India Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  21. India Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)
  22. Australia Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  23. Australia Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  24. Australia Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)
  25. South Korea Teleradiology Market, By Modality, From 2021 to 2026 (USD Million)
  26. South Korea Teleradiology Market, By Application, From 2021 to 2026 (USD Million)
  27. South Korea Teleradiology Market, By Technology Solutions, From 2021 to 2026 (USD Million)

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