Australia Teleradiology Market Size & Outlook, 2023-2030
Australia teleradiology market, 2018-2030 (US$M)
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Australia teleradiology market highlights
- The Australia teleradiology market generated a revenue of USD 271.7 million in 2023 and is expected to reach USD 1,401.7 million by 2030.
- The Australia market is expected to grow at a CAGR of 26.4% from 2024 to 2030.
- In terms of segment, x-ray was the largest revenue generating product in 2023.
- Ultrasound is the most lucrative product segment registering the fastest growth during the forecast period.
Teleradiology market data book summary
| Market revenue in 2023 | USD 271.7 million |
| Market revenue in 2030 | USD 1,401.7 million |
| Growth rate | 26.4% (CAGR from 2023 to 2030) |
| Largest segment | X-ray |
| Fastest growing segment | Ultrasound |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computed Tomography, Ultrasound, X-ray, Nuclear Imaging, Magnetic Resonance Imaging |
| Key market players worldwide | Pediatrix Medical Group Inc, Agfa-Gevaert NV, Everlight Electronics, Evidian, Nano X Imaging Ltd Ordinary Shares, Koninklijke Philips NV, Matrix Pack |
Other key industry trends
- In terms of revenue, Australia accounted for 2.1% of the global teleradiology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan teleradiology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,638.7 million by 2030.
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Teleradiology Market Scope
Teleradiology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia teleradiology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to teleradiology market will help companies and investors design strategic landscapes.
X-ray was the largest segment with a revenue share of 32.32% in 2023. Horizon Databook has segmented the Australia teleradiology market based on computed tomography, ultrasound, x-ray, nuclear imaging, magnetic resonance imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Teleradiology has been used to deliver medical imaging services in Australia for over the past 20 years. The launch of National Digital Health Strategy by the Australian government in 2016 has significantly helped in seamless implementation of teleradiology systems in the country.
Various factors such as favorable time zone, language, and cost make Australia a major teleradiology outsourcing destination for countries such as the UK, U.S., and Singapore. As Health Care Financing Administration (HCFA) mandates round the clock operation for every hospital in the U.S., the outsourcing teleradiology sector is anticipated to grow significantly over the forecast period.
Moreover, continuous measures taken by radiology authorities to improve the quality of teleradiology services have helped in building market reputation. For instance, in December 2017, The Royal Australian and New Zealand College of Radiologists (RANZCR) introduced new standards of teleradiology for providers covering major issues such as patient safety, image quality, registration, record keeping, and licensing.
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Target buyers of Australia teleradiology market databook
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Our clientele includes a mix of teleradiology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia teleradiology market , including forecasts for subscribers. This country databook contains high-level insights into Australia teleradiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia teleradiology market size, by product, 2018-2030 (US$M)
Australia Teleradiology Market Outlook Share, 2023 & 2030 (US$M)
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