The Asia Pacific Radiology as a Service Market would witness market growth of 24.1% CAGR during the forecast period (2021-2027).
Radiology displays many advantages which make these devices highly crucial in the Healthcare infrastructure. The advantages of radiology include reduction in the requirement for exploratory surgery and high accuracy in identifying when a patient requires surgery. Additionally, radiology finds potential applications in different types of medical procedures like cardiology, oncology, urology, dental health, and others. Appropriate training and understanding of radiation safety and protection are highly crucial as this imaging procedure requires the utilization of radiation.
The growth of the market would be driven by the increasing investment of market players in R&D activities and the supportive government initiatives to develop advanced healthcare infrastructure. Additionally, one of the major growth catalysts for the market is the growing cases of chronic diseases such as diabetes, heart diseases, and others.
Supportive reimbursement policies in the Asian countries for different imaging modalities would support the growth of the regional radiology as a service market during the forecasting period. To leverage this scenario, public as well as private hospitals from China, are putting high investment in procuring advanced radiology equipment. Moreover, the surge in the number of patients in countries like China, Japan, and India who suffer from chronic diseases highly require radiology services for the detection and treatment of these diseases. Hence, these factors are set to open new growth avenues for the players operating in the regional radiology as a service market during the forecasting period.
The China market dominated the Asia Pacific Hospitals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $117.3 million by 2027. The India market would witness a CAGR of 25% during (2021 - 2027). Additionally, The Japan market is anticipated to grow a CAGR of 25% during (2021 - 2027).
Based on Service, the market is segmented into Teleradiology, Cloud-based Imaging IT Services, Consulting Services, and Technology Management Services. Based on End User, the market is segmented into Hospitals, Diagnostic Imaging Centers, Radiology Clinics, Physician Offices, and Nursing Homes. Based on countries, the market is segmented into China, India, Japan, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Radiology as a Service Market is Projected to reach USD 3,783.8 Million by 2027, at a CAGR of 22.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Koninklijke Philips N.V., Medica Group PLC, Virtual Radiologic (Radiology Partners, Inc.), Teleconsult Europe, Vesta Teleradiology, Teleradiology Solutions, Inc., ONRAD, Inc., Ambra Health, and RamSoft, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Service
- Teleradiology
- Cloud-based Imaging IT Services
- Consulting Services
- Technology Management Services
By End User
- Hospitals
- Diagnostic Imaging Centers
- Radiology Clinics
- Physician Offices
- Nursing Homes
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co. (GE Healthcare)
- Koninklijke Philips N.V.
- Medica Group PLC
- Virtual Radiologic (Radiology Partners, Inc.)
- Teleconsult Europe
- Vesta Teleradiology
- Teleradiology Solutions, Inc.
- ONRAD, Inc.
- Ambra Health
- RamSoft, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Radiology as a Service Market, by Service
1.4.2 Asia Pacific Radiology as a Service Market, by End User
1.4.3 Asia Pacific Radiology as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Apr – 2021, Dec) Leading Players
Chapter 4. Asia Pacific Radiology as a Service (RaaS) Market by Service
4.1 Asia Pacific Teleradiology Market by Country
4.2 Asia Pacific Cloud-based Imaging IT Services Market by Country
4.3 Asia Pacific Consulting Services Market by Country
4.4 Asia Pacific Technology Management Services Market by Country
Chapter 5. Asia Pacific Radiology as a Service (RaaS) Market by End User
5.1 Asia Pacific Hospitals Market by Country
5.2 Asia Pacific Diagnostic Imaging Centers Market by Country
5.3 Asia Pacific Radiology Clinics Market by Country
5.4 Asia Pacific Physician Offices Market by Country
5.5 Asia Pacific Other End User Market by Country
Chapter 6. Asia Pacific Radiology as a Service (RaaS) Market by Country
6.1 China Radiology as a Service (RaaS) Market
6.1.1 China Radiology as a Service (RaaS) Market by Service
6.1.2 China Radiology as a Service (RaaS) Market by End User
6.2 India Radiology as a Service (RaaS) Market
6.2.1 India Radiology as a Service (RaaS) Market by Service
6.2.2 India Radiology as a Service (RaaS) Market by End User
6.3 Japan Radiology as a Service (RaaS) Market
6.3.1 Japan Radiology as a Service (RaaS) Market by Service
6.3.2 Japan Radiology as a Service (RaaS) Market by End User
6.4 South Korea Radiology as a Service (RaaS) Market
6.4.1 South Korea Radiology as a Service (RaaS) Market by Service
6.4.2 South Korea Radiology as a Service (RaaS) Market by End User
6.5 Singapore Radiology as a Service (RaaS) Market
6.5.1 Singapore Radiology as a Service (RaaS) Market by Service
6.5.2 Singapore Radiology as a Service (RaaS) Market by End User
6.6 Malaysia Radiology as a Service (RaaS) Market
6.6.1 Malaysia Radiology as a Service (RaaS) Market by Service
6.6.2 Malaysia Radiology as a Service (RaaS) Market by End User
6.7 Rest of Asia Pacific Radiology as a Service (RaaS) Market
6.7.1 Rest of Asia Pacific Radiology as a Service (RaaS) Market by Service
6.7.2 Rest of Asia Pacific Radiology as a Service (RaaS) Market by End User
Chapter 7. Company Profiles
7.1 General Electric (GE) Co. (GE Healthcare)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisitions and Mergers:
7.1.5.3 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 Koninklijke Philips N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.1 Recent strategies and developments:
7.2.1.1 Partnerships, Collaborations, and Agreements:
7.2.1.2 Acquisitions and Mergers:
7.2.1.3 Geographical Expansions:
7.3 Medica Group PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Recent strategies and developments:
7.3.3.1 Partnerships, Collaborations, and Agreements:
7.3.3.2 Acquisitions and Mergers:
7.4 Virtual Radiologic (Radiology Partners, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Recent strategies and developments:
7.4.3.1 Partnerships, Collaborations, and Agreements:
7.5 Teleconsult Europe
7.5.1 Company Overview
7.6 Vesta Teleradiology
7.6.1 Company Overview
7.7 Teleradiology Solutions, Inc.
7.7.1 Company Overview
7.8 ONRAD, Inc.
7.8.1 Company Overview
7.9 Ambra Health
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.9.2.2 Product Launches and Product Expansions:
7.10. RamSoft, Inc.
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
7.10.2.2 Acquisitions and Mergers:
TABLE 1 Asia Pacific Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Radiology As A Service Market
TABLE 4 Product Launches And Product Expansions– Radiology As A Service Market
TABLE 5 Acquisition and Mergers– Radiology As A Service Market
TABLE 6 Geographical expansions– Radiology As A Service Market
TABLE 7 Asia Pacific Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Teleradiology Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Teleradiology Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Cloud-based Imaging IT Services Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Cloud-based Imaging IT Services Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Consulting Services Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Consulting Services Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Technology Management Services Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Technology Management Services Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Hospitals Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Diagnostic Imaging Centers Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Diagnostic Imaging Centers Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Radiology Clinics Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Radiology Clinics Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Physician Offices Market by Country, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Physician Offices Market by Country, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Other End User Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Other End User Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Radiology as a Service (RaaS) Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Radiology as a Service (RaaS) Market by Country, 2021 - 2027, USD Million
TABLE 31 China Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 32 China Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 33 China Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 34 China Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 35 China Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 36 China Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 37 India Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 38 India Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 39 India Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 40 India Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 41 India Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 42 India Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 43 Japan Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 44 Japan Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 45 Japan Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 46 Japan Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 47 Japan Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 48 Japan Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 49 South Korea Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 50 South Korea Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 51 South Korea Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 52 South Korea Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 53 South Korea Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 54 South Korea Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 55 Singapore Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 56 Singapore Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 57 Singapore Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 58 Singapore Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 59 Singapore Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 60 Singapore Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 61 Malaysia Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 62 Malaysia Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 63 Malaysia Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 64 Malaysia Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 65 Malaysia Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 66 Malaysia Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 67 Rest of Asia Pacific Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 68 Rest of Asia Pacific Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 69 Rest of Asia Pacific Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 70 Rest of Asia Pacific Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 71 Rest of Asia Pacific Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 72 Rest of Asia Pacific Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 73 Key Information – General Electric (GE) Co.
TABLE 74 Key Information – Koninklijke Philips N.V.
TABLE 75 Key information – Medica Group PLC
TABLE 76 Key information – Virtual Radiologic
TABLE 77 Key Information – Teleconsult Europe
TABLE 78 Key information – Vesta Teleradiology
TABLE 79 Key Information – Teleradiology Solutions, Inc.
TABLE 80 Key information – ONRAD, Inc.
TABLE 81 Key Information – Ambra Health
TABLE 82 Key Information – RamSoft, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Apr – 2021, Dec) Leading Players
FIG 5 Recent strategies and developments: General Electric (GE) Co.
FIG 6 Swot analysis: General electric (GE) Co.
FIG 7 Recent strategies and developments: Koninklijke Philips N.V.
FIG 8 Recent strategies and developments: Medica Group PLC
FIG 9 Recent strategies and developments: Ambra Health
FIG 10 Recent strategies and developments: RamSoft, Inc.