The hospital end-user segment dominated the market in 2020 owing to the high patient visits and adoption of advanced imaging modalities in hospitals.The teleradiology service segment dominated the market in 2020 due to its high demand and increasing adoption in the radiology as a service model.The global market is anticipated to be valued at USD 4.7 billion by 2028 owing to the increasing diagnostic images and growing adoption of teleradiology services to provide quality medical imaging service at a low cost.
Increasing healthcare expenditure and the growing adoption of advanced cloud-based platforms are anticipated to accelerate the market growth over the forecast years. radiology as a service offers 24/7 service support to patients and radiologists across the globe. The radiology as a service model provides quality diagnostic imaging services through teleradiology, technology management, cloud-based imaging, and consulting services via trained professionals. According to the report published by the National Health Service (NHS) England, nearly 42.7 million medical images were reported in 2018 compared to 42.1 million in 2017, which indicates an increase of 1.4% yearly. The increasing number of medical images and low availability of radiologists around the globe are the factors propelling the market growth over forecast years.
7, 2021 /PRNewswire/ - The global radiology as a service market size is expected to reach USD 4.7 billion by 2028, registering a CAGR of 20.3% over the forecast period, according to a new report by Grand View Research, Inc.
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