August 29, 2012 -- The increasing adoption of telemedicine and medical telemetry will boost the digital radiology market over the next six years, according to a new market report published by Transparency Market Research. The market is expected to reach $13.3 billion globally in 2018.
The report, "Digital Radiology Market -- Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012-2018," finds that the current global radiology systems market is estimated at $9.7 billion and is expected to increase at a compound annual growth rate of 5.4% from 2012 to 2018.
North America holds about 41.9% of the global digital radiology market revenue share, with Europe coming in second; the report finds that the North American market will maintain its lead position in terms of revenue until 2018. As for volume, the global digital radiology market is expected to reach 158,000 units by 2018.