The global teleradiology market could reach $1.74 billion in revenue this year, representing a 13% increase over 2015, according to market research firm Future Market Insights.
The U.S. continues to lead the world in the adoption of teleradiology, with the North American market contributing revenue of approximately $688 million in 2016.
The report credited rapid development in digital image processing technologies, advances in telecommunications, and a lack of expert radiologists as a few key drivers in the growth of teleradiology. However, high costs and security issues could stifle the adoption.
Revenues in the European teleradiology market are also expected to grow by 13% this year, while Asia and Pacific Rim regions are projected to advance by 14%.
