How is the Telestroke Services Market Poised for Growth: Trends and Opportunities Through 2034
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What fueled the previous growth in the telestroke services market?
In recent years, the market size for telestroke services has seen a fast-paced growth. The market is projected to escalate from $1.67 billion in 2024 to $1.91 billion in 2025 at a compound annual growth rate (CAGR) of 14.2%. Factors contributing to growth during the historic period include advanced healthcare infrastructure, consistent reimbursement procedures, beneficial laws and regulations, a lack of stroke specialists in rural and less-served regions, and the critical necessity for swift treatment times.
What will be the telestroke services market size in the future?
The telestroke services market size is expected to see rapid growth in the next few years. It will grow to $3.21 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to the growing demand for telehealth, growing patient preference for virtual stroke consultations and guidelines by healthcare organizations, the low-cost benefits of telestroke services, the adoption of time-sensitive and effective work processes for telestroke services, and a rise in research. Major trends in the forecast period include research and development activities, internet of things (IoT) integration, advancements in video conferencing, image sharing, and telemedicine platforms, artificial intelligence (AI) and machine learning (ML), and cloud-based storage and data analytics.
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What main drivers are fueling expansion in the telestroke services market?
The telestroke services market is witnessing growth due to the increasing number of cardiac disorder patients. These disorders encompass various conditions that impact the structure and functioning of the heart. Patients can receive specialized care remotely for managing their cardiac disorders, thanks to telestroke services. Through live video consultations and data transmission, cardiologists in rural or underserved regions can respond rapidly to diagnose and treat cardiac conditions. To further clarify, the Centers for Disease Control and Prevention (CDC), a government agency based in the US, reported in October 2024 that heart disease continues to be the predominant cause of death in the US. In 2022, heart disease caused 702,880 deaths, signifying one in every five deaths. Of all the types of heart disease, coronary artery disease (CAD) topped the list, accounting for 371,506 deaths that same year. Hence, the growing number of cardiac disorder patients is fueling 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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Which leading companies are shaping the growth of 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
Which trends are expected to transform the telestroke services market?
Leading firms in the telestroke services sector are concentrating their resources towards developing cutting-edge technologies such as image-sharing telestroke services, in a bid to increase diagnostic precision, improve patient health outcomes and facilitate speedy treatment for stroke sufferers. Telestroke services that utilise image-sharing technology denote a system that incorporates digital means for interactive, high-definition video telecommunication. For example, Guam Regional Medical City, a regional hospital based in the US, unveiled 24/7 telestroke services in February 2024. This service grants continuous access to accredited neurologists and features high-speed audio or video conferencing, and image-sharing technology. These features empower specialists to assess, identify and cooperate with on-site medics to coordinate the treatment of stroke patients.
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What regions are contributing significantly to the growth of 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.
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