The Europe Teleradiology Software Market would witness market growth of 9.8% CAGR during the forecast period (2023-2030).
The primary function of teleradiology software is to allow radiologists to interpret medical images remotely. This is particularly valuable in areas with a shortage of radiologists or during off-hours when immediate on-site expertise is unavailable. It enables timely diagnosis and treatment planning, contributing to better patient outcomes. Teleradiology software facilitates the sharing of medical images for second opinions, making it easier for healthcare professionals to consult with experts from around the world. This enhances the accuracy of diagnoses and ensures that complex cases receive the required attention.
Nowadays, patients are accustomed to convenience and fast service. Teleradiology software ensures that medical image interpretation is expedited, leading to quicker diagnoses and treatment plans. This patient-centric approach enhances overall patient satisfaction. The growth of medical tourism, where patients seek treatment abroad, has increased the demand for teleradiology services. Patients can travel for medical procedures and have their images returned to their home countries for interpretation by their local physicians. Advances in technology have made teleradiology software more user-friendly and secure. High-speed internet, advanced encryption, and secure communication protocols have made it safer and easier to transmit sensitive patient data.
Elderly individuals tend to have a higher prevalence of chronic diseases and age-related conditions that require medical imaging for diagnosis and monitoring in the UK. The aging population in the UK is expected to continue to grow, further increasing the demand for teleradiology services, which are essential for improving the quality of care for elderly patients. As per the UK Government’s report named “Future of an aging population,” by 2040, nearly one in seven people are projected to be over 75 in the UK. By 2037, there are projected to be 1.42 million more households headed by someone aged 85 or over, an increase of 161% over 25 years. The proportion of the working-age population aged between 50 and the state pension age (SPA) will increase from 26% in 2012 to 34% in 2050, an increase of over 5.5 million people.
Also, as per Destatis, 2020, since younger birth cohorts also show decreasing numbers of people, over 65-year-olds make up an ever-larger proportion of the total population over time. The very old group, above 85, is particularly fast growing. Their number increased from 1.2 million in 1991 to 2.4 million in 2019. The rising aging population and number of CVD cases across the Europe region is propelling the growth of the regional market.
The Germany market dominated the Europe Teleradiology Software Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $214.3 Million by 2030. The UK market is experiencing a CAGR of 8.7% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 10.6% during (2023 - 2030).
Based on Deployment, the market is segmented into Web-based, Cloud-based, and On-premise. Based on Type, the market is segmented into Picture Archive and Communication System (PACs), Radiology Information System (RIS), and Vendor Neutral Archive (VNA). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Teleradiology Software Market will Hit USD 3.5 Billion by 2030, at a CAGR of 10.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Carestream Health, Inc. (Onex Corporation), Teleradiology Solutions, Inc., Comarch SA, RamSoft, Inc., Koninklijke Philips N.V., Morton and Partners Radiologists, Everrtech Software Private Limited, Pediatrix Medical Group, Inc., Siemens AG, and Radical Imaging LLC.
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