The North America Radiology as a Service Market would witness market growth of 21.8% CAGR during the forecast period (2021-2027).
Radiology is a crucial equipment to diagnose different diseases and has played a highly significant role in the monitoring of treatment and predicting the outcome. In addition, radiology is defined as the medical specialty that utilizes imaging technology for the treatment and detection of diseases that are observed within the human body.
As per the National Cancer Institute, cancer will be detected in approximately 39.5% of individuals during their lifespan. In 2018, 18.1 million people were detected with cancer around the world, and the number would increase to 29.5 million by 2040. Moreover, the growth of radiology as a service market would be fuelled by the rise in the number of medical images and the scarcity of radiologists across the world.
North America is home to some of the most developed countries such as the US, Canada, and others. These countries have well-established and advanced healthcare infrastructures which are also equipped with the latest technologies and cutting-edge medical devices, which would boost the growth of the regional radiology as a service market during the forecasting period. The high disposable income of the regional consumers allows them to increase their healthcare spending on treatments such as radiology in different forms, which would create more demand for new radiology systems in the region.
The US market dominated the North America Teleradiology Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $667.1 million by 2027. The Canada market would exhibit a CAGR of 24.3% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 23.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Radiology as a Service Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Radiology as a ServiceMarket, by Service
1.4.2 North America Radiology as a ServiceMarket, by End User
1.4.3 North America Radiology as a ServiceMarket, 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. North America Radiology as a Service (RaaS) Market by Service
4.1 North America Teleradiology Market by Country
4.2 North America Cloud-based Imaging IT Services Market by Country
4.3 North America Consulting Services Market by Country
4.4 North America Technology Management Services Market by Country
Chapter 5. North America Radiology as a Service (RaaS) Market by End User
5.1 North America Hospitals Market by Country
5.2 North America Diagnostic Imaging Centers Market by Country
5.3 North America Radiology Clinics Market by Country
5.4 North America Physician Offices Market by Country
5.5 North America Other End User Market by Country
Chapter 6. North America Radiology as a Service (RaaS) Market by Country
6.1 US Radiology as a Service (RaaS) Market
6.1.1 US Radiology as a Service (RaaS) Market by Service
6.1.2 US Radiology as a Service (RaaS) Market by End User
6.2 Canada Radiology as a Service (RaaS) Market
6.2.1 Canada Radiology as a Service (RaaS) Market by Service
6.2.2 Canada Radiology as a Service (RaaS) Market by End User
6.3 Mexico Radiology as a Service (RaaS) Market
6.3.1 Mexico Radiology as a Service (RaaS) Market by Service
6.3.2 Mexico Radiology as a Service (RaaS) Market by End User
6.4 Rest of North America Radiology as a Service (RaaS) Market
6.4.1 Rest of North America Radiology as a Service (RaaS) Market by Service
6.4.2 Rest of North America 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 North America Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 8 North America Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 9 North America Teleradiology Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Teleradiology Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Cloud-based Imaging IT Services Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Cloud-based Imaging IT Services Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Consulting Services Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Consulting Services Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Technology Management Services Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Technology Management Services Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 18 North America Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 19 North America Hospitals Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Hospitals Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Diagnostic Imaging Centers Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Diagnostic Imaging Centers Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Radiology Clinics Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Radiology Clinics Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Physician Offices Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Physician Offices Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Other End User Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Other End User Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Radiology as a Service (RaaS) Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Radiology as a Service (RaaS) Market by Country, 2021 - 2027, USD Million
TABLE 31 US Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 32 US Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 33 US Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 34 US Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 35 US Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 36 US Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 37 Canada Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 38 Canada Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 39 Canada Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 40 Canada Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 41 Canada Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 42 Canada Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 43 Mexico Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 44 Mexico Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 45 Mexico Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 46 Mexico Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 47 Mexico Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 48 Mexico Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 49 Rest of North America Radiology as a Service (RaaS) Market, 2017 - 2020, USD Million
TABLE 50 Rest of North America Radiology as a Service (RaaS) Market, 2021 - 2027, USD Million
TABLE 51 Rest of North America Radiology as a Service (RaaS) Market by Service, 2017 - 2020, USD Million
TABLE 52 Rest of North America Radiology as a Service (RaaS) Market by Service, 2021 - 2027, USD Million
TABLE 53 Rest of North America Radiology as a Service (RaaS) Market by End User, 2017 - 2020, USD Million
TABLE 54 Rest of North America Radiology as a Service (RaaS) Market by End User, 2021 - 2027, USD Million
TABLE 55 Key Information – General Electric (GE) Co.
TABLE 56 Key Information – Koninklijke Philips N.V.
TABLE 57 Key information – Medica Group PLC
TABLE 58 Key information – Virtual Radiologic
TABLE 59 Key Information – Teleconsult Europe
TABLE 60 Key information – Vesta Teleradiology
TABLE 61 Key Information – Teleradiology Solutions, Inc.
TABLE 62 Key information – ONRAD, Inc.
TABLE 63 Key Information – Ambra Health
TABLE 64 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.