Global teleradiology market looks set to expand

The global teleradiology market could grow at a compounded annual growth rate of 19.3% over the period of 2011 to 2015, according to a new report from Research and Markets.

One key driver is the advance in digital technology in remote patient diagnosis. The market also has experienced more vendors offering mobile health services. However, a lack of common standards could pose a challenge to the growth of this market, according to the report.

The U.K. has been one of the frontrunners in the healthcare industry in Europe, and the teleradiology market is likely to respond positively to the development of e-health initiatives by the U.K. National Health Service (NHS), the authors of the report point out. The sector is expected to witness a growth rate that is higher than that of the global market over the forecast period, they add.

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