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Telestroke Services Market

Market Study on Telestroke Services: Treat for Ishcemic Strokes to Prevail in the Long-Run

Telestroke Services Market by Type: Ischemic | Hemorrhagic

Telestroke Services Market Outlook (2022-2032)

The global telestroke services market was valued at US$ 1,550 Million in 2022 and is expected to expand at a CAGR of 14.5% from 2022 to 2032. The market is expected to grow due to increased demand for services that provide prompt care to acute stroke patients in order to reduce the risk of catastrophic cardiac arrest.

As the worldwide number of stroke cases rises, it is expected that the market for telestroke services would expand dramatically throughout the projection period. Furthermore, the low-cost benefits of these services, regular reimbursement methods, and favourable legislation will aid market development.

Report Attributes

Details

Telestroke Services Market Size (2022)

US$ 1,550 Million

Projected Market Value (2032)

US$ 6,000 Million

Global Market Growth Rate (2022-2032)

14.5% CAGR

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Demand Analysis of Telestroke Services (2017-2021) in Comparison to Market Forecasts (2022-2032)

The rising number of patients with cardiac disorders, the need to reduce the risk of cardiac arrest, the adoption of time-sensitive and effective work processes for telestroke services, and the prevalence of favourable insurance company reimbursement policies, among other factors, are expected to drive the growth of the telestroke services market during the forecast period.

A rise in research and technology development as a result of partnership between the Prince of Wales Hospital, ehealth NSW, the Agency for Clinical Innovation, and the New South Wales Ministry of Health. It is built on a successful trial in Port Macquarie and Coffs Harbour and will expand to up to 23 sites across NSW, creating a variety of options and driving the telestroke services market's development during the predicted period.

Furthermore, the increased number of emerging markets and new product releases will create further potential for telestroke services market growth throughout the projection period. Owing to all these factors, the telestroke services market is predicted to grow at a CAGR of 14.5% throughout the forecast period.

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What is Shaping Telestroke Services Market Growth Potential?

Rising Stroke Cases Worldwide Encourage Telestroke Services Market Growth

Stroke is one of the top causes of mortality and disability around the world. The World Health Organization named stroke the second highest cause of death in 2016. Stroke is a major public health problem with substantial economic and social ramifications. Because of shifting demographics, the public health burden of stroke will rise in the next decades, particularly in emerging nations. Clinical outcomes in individuals with acute ischemic stroke have improved as novel treatment techniques, such as intravenous tissue plasminogen activator and mechanical thrombectomy, have been developed.

However, many therapies are time-sensitive, and there are significant discrepancies in the availability of neurologists and life-saving treatment choices between rural and urban areas. Delays in detection and treatment increase the risk of mortality and a poor prognosis following a stroke. Furthermore, neurologists are in low supply, particularly in disadvantaged rural areas.

According to Frontiers Media S.A., the supply gap for neurologists is expected to grow from 11% in 2012 to 19% by 2025, with vascular neurologists experiencing the greatest decline. Furthermore, strokes are classified into two types: ischemic stroke and hemorrhagic stroke. Ischemic stroke occurs when blood flow to a region of the brain is cut off, resulting in an abrupt loss of function, whereas hemorrhagic stroke occurs when a blood vessel ruptures or an aberrant vascular structure occurs.

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What are Some Factors Restraining Market Growth?

Lack of Government Initiatives to Impede Market Growth

The lack of government initiatives in developing economies, as well as a large number of people who are unaware of the services, will stymie the market's growth rate. In developing economies, a lack of skilled professionals and a lack of healthcare infrastructure will pose challenges to the telestroke services market.

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What Prospects Define Telestroke Services Market Potential on a Regional Basis?

Improved Regional Healthcare and Medical Infrastructure Driving Market for Telestroke Services

Because of improved regional healthcare and medical infrastructure, the availability of suitable and favourable reimbursement regulations, and increased awareness of the benefits of telemedicine services in the region, North America dominates the telestroke industry.

Due to an increase in non-communicable illnesses such as cardiovascular disorders and diabetes, Asia-Pacific is predicted to develop at the fastest pace throughout the projection period.

Country-wise Insights

Why are Suppliers of Telestroke Services investing in the U.S.?

Increased Awareness in the Country about the Benefits of Telemedicine Services to Accelerate Market Growth

The U.S is expected to account for the largest share of the global telestroke services market in the coming years, owing to improved healthcare and medical infrastructure, the availability of adequate and favourable reimbursement policies, and increased awareness in the country about the benefits of telemedicine services.

Despite breakthroughs in understanding various aspects of the illness, such as epidemiology, quality of life, and pathogenesis, stroke remains a serious public health problem. It is the primary cause of mortality and disability in the country. According to the American Heart Association, one in every 19 fatalities in the United States in 2018 was caused by a stroke, and one person died from a stroke every 3 minutes and 33 seconds in 2016.

Furthermore, stroke is the fifth-leading cause of mortality in the United States, accounting for 147,810 fatalities in 2018. The public health burden of stroke will rise in the next years as populations change.

How Will the Chinese Telestroke Services Market Evolve?

Adoption of Global Telestroke Services in Remote and Rural Areas to boost Market Growth

Adoption of global telestroke services in remote and rural areas is expected to gain traction in the China telestroke services market in the coming years.

The Chinese market is predicted to have the fastest development in the telestroke services industry. The rise in non-communicable illnesses such as cardiovascular disease and diabetes has contributed to an increase in stroke incidence in China, fuelling the expansion of the telestroke services industry.

According to the Chinese Center for Disease and Prevention's Chronic and Noncommunicable Disease Prevention and Control Center, 33% of adults had hypertension, and 9.5% had diabetes.

Category-wise Insights

By Type, which Segment is Driving Market Growth?

The Ischemic Sector to Drive Market Growth

The telestroke services industry is divided into two types: ischemic and hemorrhagic. The ischemic sector is predicted to have a greater proportion of the telestroke services market in 2022, as well as a higher CAGR during the forecast period. Blood clots, atherosclerosis, stenosis, and other factors can all contribute to a diminished blood supply. Numbness, headache, difficulty walking, difficulty speaking, and difficulty interpreting speech are all possible symptoms.

Sedentary lifestyle, high blood pressure, diabetes, high cholesterol, and cardiovascular illnesses are all medical and lifestyle risk factors that contribute to the rising prevalence of ischemic stroke. Thus, the increased frequency of cardiovascular illnesses, obesity, high cholesterol, and high blood pressure are the primary drivers driving the ischemia segment's rise and contributing to the growth of the telestroke services market.

Which End User Shows Higher Implementation in Telestroke Services Market?

The Telehospitals/Teleclinics Segment to Gain Traction

The telestroke services market is divided into three segments based on end user: telehospitals/teleclinics, telehome, and others. In 2022, the telehospitals/teleclinics category has the biggest stake and is expected to be the leading shareholder during the forecast period.

Competitive Landscape

In the near future, major and important companies offering modern and technologically superior services are projected to open up new possibilities for development in the worldwide telestroke services market.

Key suppliers of telestroke services are Providence Health & Services; Nebraska Medicine.; Lakewood Health System; Medical University of South Carolina; Granville Health System; Vidyo, Inc; Eagle Telemedicine; Avizia; Partners TeleStroke Center; Blue Sky Telehealth.

Recent Developments:

  • In February 2021, Providence received The Joint Commission's Gold Seal of Approval and the American Stroke Association's Heart-Check mark for its Primary Stroke Center Certification. A team of Joint Commission reviewers recently conducted a comprehensive onsite examination of the organisation, evaluating compliance with key certification requirements such as programme management, enabling self-management, and delivering and facilitating clinical treatment.

Report Scope

Attributes

Details

Forecast Period

2022-2032

Historical Data Available For

2017-2021

Market Analysis

US$ Bn for Value

Key Countries Covered

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Singapore
  • Thailand
  • Malaysia
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

By Market Segments

  • Type
  • End-User
  • Region

Key Companies Profiled

  • Providence Health & Services
  • Nebraska Medicine
  • Lakewood Health System
  • Medical University of South Carolina
  • Granville Health System
  • Vidyo Inc.
  • Eagle Telemedicine
  • Avizia
  • Partners TeleStroke Center
  • Blue Sky Telehealth

Pricing

Available Upon Request

Key Segments in Telestroke Services Industry Research

Telestroke Services by Type

  • Ischemic
  • Hemorrhagic

Telestroke Services by End User

  • Telehospitals/Teleclinics
  • Telehome
  • Others

Telestroke Services by Region

  • North America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Providence Health & Services
  • Nebraska Medicine
  • Lakewood Health System
  • Medical University of South Carolina
  • Granville Health System
  • Vidyo, Inc.
  • Eagle Telemedicine
  • Avizia
  • Partners Telestroke Center
  • Blue Sky Telehealth

- Frequently Asked Questions -

The global telestroke services market accounts for revenue of US$ 1,550 Million in 2022.

The global market for telestroke services is expected to reach US$ 6,000 Million by 2032.

Demand for telestroke services from 2022 to 2032 is projected to expand at a stellar CAGR of 14.5%.

By 2032, the ischemic stroke segment is projected to hold a maximum share of the market.

Key companies in the telestroke services market are Providence Health & Services; Nebraska Medicine.; Lakewood Health System; Medical University of South Carolina; Granville Health System; Vidyo, Inc; Eagle Telemedicine; Avizia; Partners TeleStroke Center; Blue Sky Telehealth.

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