Teleradiology services market set to reach USD 29.1 billion by 2032
From GlobeNewswire: 2025-04-19 08:00:00
The global Teleradiology Services Market was valued at USD 24.0 billion in 2023, projected to reach USD 29.1 billion by 2032, growing at a CAGR of 2.18%. Factors driving market growth include the need for remote diagnostics, AI-based image interpretation, and cloud-based platforms.
In the U.S., the Teleradiology Services Market was worth USD 6.35 billion in 2023, expected to reach USD 8.40 billion by 2032 with a CAGR of 3.18%. Growth is attributed to an established healthcare infrastructure, increased imaging volumes, and early adoption of cloud-based solutions.
The mammography segment dominated the teleradiology services market in 2023 due to a focus on breast cancer detection. CT scans are the fastest-growing modality, especially for trauma and COVID-19 screening. Onshore services held the highest revenue share, with offshore services growing due to cost efficiency and 24/7 availability of skilled radiologists.
Asia-Pacific led the global teleradiology services market in 2023 with a 39% share. North America is expected to see high growth, fueled by sophisticated teleradiology platforms and AI-based diagnostics. Recent developments include GE Healthcare’s cooperation in rural India and Siemens Healthineers’ cloud-based solution launch. A recent study found that 70% of U.S. hospitals used outsourced teleradiology services in 2023, compared to 53% in Europe and 65% in the Asia-Pacific region. Developed countries reported an average of 11 radiologists per 100,000 people, highlighting the need for teleradiology in remote areas. Governments accounted for 45% of total spending on teleradiology globally.
The global deployment rate of PACS integrated with teleradiology reached 78% among top-tier hospitals, showcasing the widespread adoption of this technology. Private healthcare institutions contributed 38% of total spending on teleradiology, while out-of-pocket expenditure stood at 17%. This data emphasizes the importance of teleradiology in modern healthcare systems.
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