Signify Premium Insight: Teleradiology’s Return

The fortunes of teleradiology vendors are impossible to separate from those of the broader diagnostic imaging market. In 2020, the performance of both was, like most other markets, completely dominated by the coronavirus pandemic and the restrictions and interruptions that ensued.

In 2019 4.65 billion imaging procedures were performed globally. This figure, explains Arun Gill, Signify Research Senior Market Analyst and co-author of the Teleradiology – World – 2021 report, was growing by around three percent annually for a number of reasons, from growing middle classes in emerging markets to government funding initiatives. However, in December 2019 this would begin to change. As COVID-19 started to ravage healthcare systems across the world, elective procedures were cancelled, non-emergency imaging was halted, and providers’ resources became almost entirely focused on caring for those infected by the novel coronavirus.