What Has Been the Growth of the Telestroke Services Market So Far?
The telestroke services market has seen considerable growth due to a variety of factors.
• The telestroke services market has expanded rapidly in recent years. It will grow from $1.67 billion in 2024 to $1.91 billion in 2025, with a CAGR of 14.2%.
This growth is driven by advanced healthcare infrastructure, regular reimbursement methods, favorable legislation, a shortage of stroke specialists in rural areas, and the urgent need to reduce treatment times.
How Will the Telestroke Services Market?
The telestroke services market is expected to maintain its strong growth trajectory in upcoming years.
• The telestroke services market is expected to experience rapid growth, reaching $3.21 billion by 2029 at a CAGR of 13.9%.
Growth factors include the growing demand for telehealth, patient preference for virtual stroke consultations, cost-effective benefits of telestroke services, adoption of time-sensitive work processes, and rising research. Major trends involve R&D activities, IoT integration, advancements in video conferencing, image sharing, telemedicine platforms, and AI and machine learning.
Which Factors Are Boosting Growth In The Telestroke Services Market?
The growth of the telestroke services market is being driven by the increasing number of patients afflicted with heart-related problems. Cardiac disorders denote a variety of conditions that impact the function and structure of the heart. Telestroke services cater to these conditions by extending specialized healthcare to remote locations. Through real-time video interactions and data transmission, cardiologists can diagnose and treat heart conditions efficiently, especially in underserved or rural areas. As per the Centers for Disease Control and Prevention (CDC), a government agency in the US, heart disease topped the list of causes of death in America in October 2024, causing 702,880 deaths in 2022, or 1 in every 5. The most common form was coronary artery disease (CAD), which was responsible for 371,506 deaths that year. Hence, the escalating number of patients with heart conditions continues to fuel the expansion of the telestroke services market.
What Key Areas Define The Segmentation Of The Global Telestroke Services Market?
The telestroke services market covered in this report is segmented –
1) By Stroke Type: Ischemic Stroke, Hemorrhagic Stroke, Transient Ischemic Attack
2) By Application: Counseling, Treatment, Emergency Service, Other Applications
3) By End Users: Hospitals, Specialty Clinics, Home Healthcare Settings, Other End Users
Subsegments:
1) By Chemic Stroke: Acute Ischemic Stroke, Chronic Ischemic Stroke
2) By Hemorrhagic Stroke: Intracerebral Hemorrhage, Subarachnoid Hemorrhage
3) By Transient Ischemic Attack: Low-Risk TIA, High-Risk TIA
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What Trends Are Reshaping The Future Of The Telestroke Services Market?
Prominent players in the telestroke services market are centering their attention on launching cutting-edge technologies like telestroke services equipped with image-sharing technology. This approach is aimed at amplifying diagnostic precision, augmenting patient outcomes, and offering immediate treatment to stroke patients. The telestroke services incorporated with image-sharing technology can be described as a network using digital instruments for bidirectional, high-definition video teleconferencing. For instance, Guam Regional Medical City, a regional hospital based in the US, initiated 24-hour telestroke services in February 2024. This service provides constant access to certified neurologists and incorporates prime features such as high-speed audio or video conferencing and image-sharing technology. These features enable specialists to assess, diagnose, and work together with on-location doctors to supervise the care of stroke patients.
Who Are the Key Players In The Telestroke Services Market?
Major companies operating in the telestroke services market are:
• Providence Health & Services
• Teladoc Health Inc
• Vituity
• Enghouse Video (Enghouse Systems)
• DispatchHealth
• American Well Corporation
• Definitive Healthcare
• ScienceSoft
• Capsa Healthcare
• Access TeleCare LLC
• Relias Media
• Eagle Telemedicine
• Caregility
• TeleSpecialists LLC
• GlobalMedia Group LLC
• RapidAI
• AmplifyMD
• Sevaro Health Inc
• Tenovi
• Bluesky Health
• swyMe
• VeeOne Health
• American TelePhysicians (ATP)
• RemoteICU
• Alina TeleHealth
What Is The Most Dominant Region In The Telestroke Services Market?
North America was the largest region in the telestroke market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telestroke services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
