South Africa Teleradiology Market Size & Outlook
South Africa teleradiology market, 2018-2030 (US$M)
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South Africa teleradiology market highlights
- The South Africa teleradiology market generated a revenue of USD 97.3 million in 2023 and is expected to reach USD 499.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 26.3% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating product in 2023.
- Computed Tomography is the most lucrative product segment registering the fastest growth during the forecast period.
Teleradiology market data book summary
| Market revenue in 2023 | USD 97.3 million |
| Market revenue in 2030 | USD 499.4 million |
| Growth rate | 26.3% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| 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, South Africa accounted for 0.8% 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 Middle East & Africa, South Africa teleradiology market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 499.4 million by 2030.
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Teleradiology Market Scope
Teleradiology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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.
Ultrasound was the largest segment with a revenue share of 27.03% in 2023. Horizon Databook has segmented the South Africa 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 market in South Africa is expected to witness the fastest growth during the forecast period. Teleradiology plays a significant role in primary healthcare setting of South Africa. TeleRadiology SA is a South African initiative to strengthen established practices by offering in-house reporting with the help of experience radiologists.
The African government and other agencies, such as the Cancer Association of South Africa, are undertaking initiatives to create awareness, provide care & support to cancer patients, and encourage research on treatment of cancer & other chronic diseases that require early diagnosis & timely treatment. This initiative is expected to facilitate & increase healthcare access and improve standards, which is anticipated to increase the demand for teleradiology services for fast and accurate diagnosis.
In addition, South Africa market is expected to be positively influenced by National Health Insurance program and investigations by the Competition Commission of South Africa. The National Health Insurance system is aimed at providing funds to deliver access to quality personal health services at affordable prices for all South Africans. Thus, increase in government initiatives to improve healthcare facilities in South Africa is expected to boost the market over the forecast period.
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Target buyers of South Africa 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 South Africa teleradiology market , including forecasts for subscribers. This country databook contains high-level insights into South Africa teleradiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa teleradiology market size, by product, 2018-2030 (US$M)
South Africa Teleradiology Market Outlook Share, 2023 & 2030 (US$M)
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