The teleradiology market in Europe is estimated to be worth USD 0.45 billion in 2024 and grow at a CAGR of 18.7% from 2024 to 2029 and reach USD 1.06 billion by 2029. It captures 25% of the global market.
The growing aging population in Europe is anticipated to result in the increasing usage of teleradiology and propel the teleradiology market growth in Europe. Eurostat says nearly 20% of the EU population is over 60. People aged are more likely to get diagnosed with various diseases such as cancer, CVDs, and others that promote imaging technology for early detection and treatment. In addition, the growing shortage of radiology radiologists is estimated to promote the market’s growth rate in the European region. Owing to the fewer training centers related to radiologists in Europe, decreasing people's adoption of radiologists as a career is promoting the demand for teleradiology and favoring market growth.
Diagnostic imaging is advancing with time and racing towards offering better healthcare, which is expected to support the teleradiology market. Such advancements have updated imaging equipment in a variety of ways. Nowadays, technologically well-advanced imaging devices provide high-quality images that can be shared online. Furthermore, the growing adoption of cloud-based solutions in teleradiology further accelerates the market’s growth rate. With increasing online medical imaging and demand for high-quality radiologists worldwide, the teleradiology market in Europe is anticipated to hold a substantial share in worldwide during the forecast period.
In addition, the rising adoption of technological advancements, rising digitalization supporting teleradiology, and the accessibility of teleradiology in large multispecialty hospitals support the teleradiology market in the European region. Furthermore, growth in the overall healthcare sector, an increasing number of female radiologists, a well-established healthcare system in Europe, and a rising number of emergency cases in European countries are further expected to favor market growth in Europe.
On the other hand, adverse consequences related to the treatment and exhibition of the radiation may slow down the teleradiology market in Europe to a small extent during the forecast period. Furthermore, the high costs associated with teleradiology, and the shortage of radiologists are further expected to challenge market growth. Furthermore, increasing cyber-attacks are one of the major restraints for market growth. In addition, limited access to the internet in rural areas and low awareness about teleradiology also hamper the market growth in this region.
This research report on the Europe teleradiology market has been segmented and sub-segmented into the following categories:
Europe Teleradiology Market - By Application:
Europe Teleradiology Market - By Modality:
Europe Teleradiology Market - By Technology Solutions:
Europe Teleradiology Market - By Country:
The European Teleradiology market was the second leading region in the global market in 2023. In 2023, Western Europe commanded over 70% of the market share owing to technological advancements, such as PACS, RIS, and cloud computing services in this region.
Among all the countries of Europe, the UK is estimated to lead during the forecast period. The vast patient population and ongoing demand for more capable imaging services for diagnosing different chronic diseases are projected to accelerate the European teleradiology market. Many radiologists in the UK prefer home reporting, which demands the teleradiology system in the region. It helps the radiologist to little market money through private practice. In this region, radiologists increase internet use to increase the demand for the teleradiology sector through some advertisements in social media.
The German teleradiology market is expected to showcase the fastest growth rate during the forecast period. The growing adoption of technological developments by the German population is one of the major factors promoting market growth. Increasing usage of AI in teleradiology helps create an inbuilt system that evaluates cases based on priority requirements, which helps save many lives suffering from trauma, strokes, and others. Due to increasing pre-checkups and diagnosis treatment to prevent chronic disease, many people prefer to have x-rays and other types of scanning and consult with the doctor. Furthermore, with the increasing number of new infections and diseases, people are seeking to have a more significant number of doctor opinions and consultations for the better treatment of their diseases. Teleradiology is the best way to consult a doctor worldwide without repeating checking the body.
On the other hand, countries like France and Italy are predicted to hike at a decent pace from 2023 to 2028.
KEY MARKET PLAYERS:
A few noteworthy companies operating in the European teleradiology market profiled in this report are 4ways Healthcare Limited, RamSoft, Inc., Virtual Radiologic (vRAD), Agfa-Gevaert N.V., ONARD, Europe Diagnostics, Everlight Radiology, Sectra AB, and Health Watch Tele Diagnostics Pvt. Ltd.
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