Telestroke Market Research Report 2024
Telestroke Market Global Industry Analysis and Forecast (2024-2032) By Type (Ischemic Stroke, Hemorrhagic Stroke), Component (Hardware, Software, Services), Application (Counseling, Treatment, Emergency Service, End-User (Telehospitals/Teleclinics, Telehome), And Region
Telestroke Market Synopsis
Telestroke Market Size was USD 1.48 Billion in 2023 and is Projected to Reach USD 5.50 Billion by 2032, Growing at a CAGR of 15.7% from 2024 to 2032.
Telestroke is an innovative form of telemedicine that provides distant stroke treatment, allowing patients to get specialized care from neurologists and stroke specialists, when they are not physically present at the hospital.Telestroke allows neurologists to assess patients with potential stroke remotely, offering immediate guidance to emergency room doctors and aiding in prompt treatment decisions. Acute Stroke Care Telestroke platforms enable healthcare providers to remotely monitor patients during the acute phase of stroke, allowing for prompt identification of potential complications and intervention.
Telestroke technology in Stroke Rehabilitation can remotely track patients in the rehabilitation stage, offering customized assistance and encouragement to enhance results. Telestroke applications for Stroke Prevention can assist in monitoring patients remotely and providing education to minimize the risk of stroke happening again.
Rapid Stroke Diagnosis Telestroke enables quick diagnosis and treatment of stroke, crucial in decreasing morbidity and mortality. Improved availability of stroke care through Telestroke enhances access for patients residing in rural or underserved regions, thereby lessening healthcare inequities.Improved Telestroke Collaboration fosters teamwork among emergency room doctors, neurologists, and healthcare professionals to guarantee a unified strategy for stroke treatment. Enhanced patient results have been demonstrated with Telestroke, such as decreased death rates, shorter stays in the hospital, and improved functional outcomes.
Cost-Effective Telestroke can lower healthcare expenses by decreasing unnecessary transfers, shortening the length of stay, and maximizing use of resources. Telestroke platforms offer tele-education and training opportunities for healthcare providers, improving their abilities in diagnosing and managing strokes. The utilization of Telestroke applications for research and data analysis can help gather information and carry out studies, enhancing our knowledge of stroke and treatment approaches.
Top Active Players Involved Are:
“American Well (United States), InTouch Health (United States), Teladoc Health (United States), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Medtronic (Ireland), GE Healthcare (United States), Cerner Corporation (United States), Allscripts Healthcare Solutions (United States), BioTelemetry (United States), GlobalMed (United States), SOC Telemed (United States), Eagle Telemedicine (United States), REACH Health (United States), Avizia (United States), iMDsoft (Israel), Honeywell Life Care Solutions (United States), AMD Global Telemedicine (United States), CISCO Systems (United States), Medweb (United States), eVisit (United States), Specialist Telemed (United States), Chiron Health (United States), MDLIVE (United States), ImPACT Applications (United States) and Other Active Players.”
Telestroke Market Trend Analysis
Rising Prevalence of Strokes
- The increasing occurrence of strokes plays a vital role in driving the telestroke market. The rise in stroke cases has resulted in an increasing need for prompt and efficient stroke treatment, which can be effectively delivered through telestroke technology. The number of strokes is projected to increase due to aging and rising rates of risk factors like hypertension, diabetes, and obesity, leading to more illness and death.
- The Stroke can have serious outcomes, leading to major impairment, illness, and death. The effects of stroke affect not only the person affected, but also impact their families, caregivers, and the larger healthcare system. The financial impact of stroke is significant, with substantial expenses related to hospital stays, therapy, and ongoing assistance.
- Telestroke technology provides a solution for dealing with the increasing impact of stroke. Telestroke utilizing remote consultation and diagnosis has the potential to enhance stroke care accessibility, especially in rural or underserved regions with limited access to specialist care. Telestroke can also help to make treatment prompter and more efficient, which is essential for decreasing the chances of long-term disability and death.
- The increasing occurrence of strokes has generated an urgent demand for creative interventions that can enhance stroke treatment results. The potential impact of Telestroke technology in this field is considerable, and its adoption is predicted to increase as the burden of stroke rises. Hence, in this way, the Rising Prevalence of Strokes acts as a Driver in the Telestroke Market.
Advancements in Telecommunication Technologies
- The telestroke market is set to increase its demand greatly from the quick developments in telecommunication technologies. One major benefit is the increased connectivity and accessibility offered by these technologies. Due to the widespread availability of high-speed internet and 5G networks, telestroke services can now be provided seamlessly and dependably, even in distant or underserved regions. This development has created new chances for telestroke providers to broaden their services and connect with a larger patient population.
- The progress in the field of telecommunications has allowed for the creation of advanced telemedicine systems that can facilitate high-quality video calls, instantaneous data exchange, and secure messaging. These platforms have enhanced the overall standard of telestroke services, allowing remote clinicians to make more precise diagnoses.
- The improvements in telecommunication technologies have also allowed for the incorporation of artificial intelligence, machine learning, and data analytics into telestroke services. This has resulted in the creation of treatment plans that are more tailored and focused, leading to better outcomes for patients.
- The rise in the use of mobile devices and wearables has opened up new possibilities for telestroke providers to provide services that are more focused on the needs of patients. People are also utilizing mobile applications to track their essential body measurements and interact with healthcare providers from a distance, decreasing the necessity for trips to the hospital and enhancing the care of general management. Hence, in this way, Advancements in Telecommunication Technologies act as an opportunity in the Telestroke Market.
Source: Company Database
- In 2019, Global telecommunication services spending was 1373 billion U.S. dollars, and it reached 1487 billion U.S. dollars in 2023.
Telestroke Market Segment Analysis:
Telestroke Market Segmented on the basis of Type, Component, Application, and End-User.
By Type, Hemorrhagic Stroke Segment Is Expected to Dominate the Market During the Forecast Period
- The Hemorrhagic stroke sector is set to take over the telestroke market because these strokes are more intricate and demand immediate care due to the rupture of a blood vessel in the brain. Timely assistance and proficiency offered via telestroke platforms can greatly enhance patient results, and lower the chance of severe handicap or mortality.
- Surgical intervention is often needed right away for Hemorrhagic strokes, and telestroke services allow distant clinicians to promptly evaluate patients and make timely decisions regarding surgery. This is especially crucial in rural or underserved areas where there may be a scarcity of specialized neurosurgical care.
- The increased seriousness and unpredictability of Hemorrhagic strokes result in a higher likelihood of occurring outside of the usual hospital hours, emphasizing the necessity for telestroke services. Telestroke platforms offer 24/7 access to specialized care, guaranteeing patients receive prompt attention no matter of time and place.
- The increasing recognition of the necessity of prompt stroke care continues to contribute to the prominence of Hemorrhagic stroke in the telestroke market. With increased awareness of telestroke services, healthcare providers and patients. Hence, in this way By Type, the Hemorrhagic Stroke Segment Is Expected to Dominate the Telestroke Market.
By End-User, Telehospitals/Teleclinics Segment Held the Largest Share In 2023
- The Telehospitals/teleclinics sector leads the telestroke market among end-users, driven by the growing use of telestroke services by these healthcare providers. Telehospitals and teleclinics are leading the way in offering remote stroke care by utilizing telestroke platforms to extend their services and enhance patient results.
- These healthcare providers acknowledge the advantages of telestroke services, such as better patient access, more efficient resource management, and lower healthcare expenses. By incorporating telestroke platforms into their services, Telehospitals and teleclinics can offer specialized treatment to stroke patients, at any location.
- Telehospitals and teleclinics have specialized teams of neurologists, neurosurgeons, and other experts who are better prepared to manage the complexities of stroke care. Healthcare providers can use telestroke platforms to monitor patients from a distance, offer immediate guidance to emergency department staff, and enable prompt interventions.
- Telehospitals and teleclinics play a key role in regional stroke networks by offering medical services to patients spanning a large geographical region. By implementing telestroke services, these healthcare providers can broaden their coverage, enhancing the availability of specialized care for patients residing in distant or underserved regions. Hence, in this way By end-user, the Telehospitals/Teleclinics Segment Held the Largest in the Telestroke Market.
Telestroke Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America is in a strong position to lead the telestroke market because of its established healthcare system, widespread use of digital health technologies, and supportive regulations. The area boasts top healthcare systems, research institutions, and medical technology companies, which form a solid base for the expansion of telestroke services.
- The United States has been leading the way in embracing telemedicine, as healthcare providers and payers in the country are making significant investments in digital health technologies. The significant need for telestroke services is a result of the country's aging population and high rates of stroke and other cardiovascular diseases.
- The healthcare regulatory environment in the region is favorable for the expansion of telestroke services. Governments and regulatory bodies have put in place policies and programs to encourage the use of telemedicine, such as allowing reimbursement for telestroke services and easing licensure requirements for telemedicine practitioners.
- North America has numerous top telestroke platform providers worldwide, leading the way in innovation and progress in the sector. These companies are dedicating resources to research and development, broadening their range of products, and collaborating with healthcare providers to provide telestroke services. Hence, in this way, North America is Expected to Dominate the Telestroke Market.
Telestroke Market Active Players
- American Well (United States)
- Intouch Health (United States)
- Teladoc Health (United States)
- Siemens Healthineers (Germany)
- Philips Healthcare (Netherlands)
- Medtronic (Ireland)
- Ge Healthcare (United States)
- Cerner Corporation (United States)
- Allscripts Healthcare Solutions (United States)
- Biotelemetry (United States)
- Globalmed (United States)
- Soc Telemed (United States)
- Eagle Telemedicine (United States)
- Reach Health (United States)
- Avizia (United States)
- Imdsoft (Israel)
- Honeywell Life Care Solutions (United States)
- AMD Global Telemedicine (United States)
- Cisco Systems (United States)
- Medweb (United States)
- Evisit (United States)
- Specialist Telemed (United States)
- Chiron Health (United States)
- Mdlive (United States)
- Impact Applications (United States)
Key Industry Developments in the Telestroke Market:
- In February 2024, UCHealth Launched a new Mobile Stroke Unit that will operate full-time in Colorado Springs. The units are special emergency response vehicles equipped with a CT scanner, lab testing equipment, and specially trained clinicians who are experts in the care of stroke patients. They also have a two-way visual and audio communication system (telehealth) that enables a neurologist to examine, diagnose, and recommend treatment for patients.
- In June 2023, the University of Florida Health (UF Health) launched a mobile stroke unit that leverages telehealth to improve stroke care. The mobile stroke units include a diagnostic computerized tomography (CT) scanner, medications to mitigate clots resulting from strokes, such as Tenecteplase (TNK) and tissue plasminogen activator (tPA), medications given intravenously to lower high blood pressure, medications to reverse the effects of bleeding inside the brain, and telemedicine equipment.
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Telestroke Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.48 Bn. |
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Forecast Period 2024-32 CAGR: |
15.7 % |
Market Size in 2032: |
USD 5.50 Bn. |
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Segments Covered: |
By Type |
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By Component |
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By Application |
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By End-User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Telestroke Market by By Type
4.1 Telestroke Market Snapshot and Growth Engine
4.2 Telestroke Market Overview
4.3 Ischemic Stroke
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value
Frequently Asked Questions
What would be the forecast period in the Telestroke Market research report?
The forecast period in the Telestroke Market research report is 2024-2032.
Who are the key players in the Telestroke Market?
American Well (United States), InTouch Health (United States), Teladoc Health (United States), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Medtronic (Ireland), GE Healthcare (United States), Cerner Corporation (United States), Allscripts Healthcare Solutions (United States), BioTelemetry (United States), GlobalMed (United States), SOC Telemed (United States), Eagle Telemedicine (United States), REACH Health (United States), Avizia (United States), iMDsoft (Israel), Honeywell Life Care Solutions (United States), AMD Global Telemedicine (United States), CISCO Systems (United States), Medweb (United States), eVisit (United States), Specialist Telemed (United States), Chiron Health (United States), MDLIVE (United States), ImPACT Applications (United States) and Other Active Players.
What are the segments of the Telestroke Market?
The Telestroke Market is segmented into Type, Component, Application, End-User, and region. By Type, the market is categorized into Ischemic Stroke and hemorrhagic Stroke. By Component, the market is categorized into Hardware, Software, and Services. By Application, the market is categorized into Counseling, Treatment, and Emergency Services. By End-User, the market is categorized into Telehospitals/Teleclinics, Telehome. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Telestroke Market?
Telestroke is an innovative form of telemedicine that provides distant stroke treatment, allowing patients to get specialized care from neurologists and stroke specialists, when they are not physically present at the hospital.
How big is the Telestroke Market?
Telestroke Market Size was USD 1.48 Billion in 2023 and is Projected to Reach USD 5.50 Billion by 2032, Growing at a CAGR of 15.7% from 2024 to 2032.
