Telestroke Services Market Size, Share, Growth and forecast

The telestroke services market is expected to grow from US$ 1,546.79 million in 2022 to US$ 4,672.23 million by 2028; it is estimated to grow at a CAGR of 20.2% from 2022 to 2028.

The rising prevalence of stroke cases and the surging volume of patients suffering from cardiac disorders are bolstering the growth of the telestroke services market. Additionally, the growing technological advancements are likely to emerge as a significant future trend in the telestroke services market from 2022 to 2028. However, unawareness of strokes is hampering the overall market growth.

Digital health is a necessity nowadays. Many technological advances that seemed futuristic became a reality in recent years due to the needs generated after the onset of the COVID-19 pandemic. Stroke was one of the diseases that benefited the most from the digital health revolution. With survival rates increasing over the years, stroke has become a leading cause of disability in adults. Due to the need for immediate care and the shortage of neurologists worldwide, telestroke has revolutionized the acute care of cerebrovascular diseases in many regions, based on strong scientific evidence. Various technologies aim to increase the function and activity of stroke patients. Other technologies used and appreciated by stroke patients have a signaling or reassuring function, such as technologies that can compensate for the consequences of a stroke and increase participation at home. They can make the patient more independent from family and caregivers and therefore offer the potential for better home engagement. Several technological solutions proposed by the experts in their research are already attracting increased interest in the general area of ​​human-computer interaction, for example, personal digital assistants (PDAs) and apps with interfaces such as smartphones or smartwatches.

Strategic Insights

Report Coverage - Telestroke Services Market

Report Coverage	Details
Market Size Value in	US$ 1,546.79 Million in 2022
Market Size Value by	US$ 4,672.23 Million by 2028
Growth rate	CAGR of 20.2% from 2022 to 2028
Forecast Period	2022-2028
Base Year	2022
No. of Pages	146
No. of Tables	58
No. of Charts & Figures	71
Historical data available	Yes
Segments covered	Type, and End User
Regional scope	North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scope	US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Many hospitals in telestroke systems have formal written contracts between the hub and the spoke site with a closed communication system. A wide variety of the Food and Drug Administration (FDA)-approved two-way video conferencing modalities with image archiving and communication systems are available to the hospital networks. The telestroke systems provide Health Insurance Portability and Accountability Act (HIPPA) compliant, secure, and encrypted multipoint data sharing with evolving functionality through desktops, robotic carts, laptops, tablets, and mobile phones with vendor-to-vendor interfaces. Recent advancements in telestroke systems include an ambulance-based telemedicine system that provides a viable tool for prehospital stroke assessment. Early attempts at prehospital telestroke consultation were limited due to technical difficulties. Studies have shown a high degree of consistency in assessment and treatment by mobile stroke units with an onboard vascular neurologist compared to telestroke consultations by a vascular neurologist at a remote location directing immediate treatment. Teleneurology is an example of a technological innovation that has successfully helped improve stroke outcomes over the past two decades. In addition, the FDA has approved teleradiology systems that allow stroke specialists to review images effectively and quickly. Assessment by a stroke specialist via teleradiology systems is comparable to the assessment by neuroradiologists to support the decision-making process for tissue plasminogen activator (tPA) administration. With the advancement of technology and its increasing accessibility, the use of teleneurology continues to increase, which is expected to boost the growth of the telestroke services market. Such aforementioned factors will propel the growth of the telestroke services market from 2022 to 2028.

North America is likely to continue its dominance in the Telestroke Services market during the forecast period. The region is anticipated to witness substantial demand for telestroke services, owing to the presence of key market players and the development of healthcare and research sectors in this region. The growing awareness of telemedicine, improved healthcare infrastructure, and appropriate reimbursement policies are also supporting the North America telestroke services market. The US held the largest market share in the North American market from 2022 to 2028; it is expected to grow in the coming years owing to the increasing adoption of technological advancements and rising emphasis on improving treatment outcomes. The telestroke services market in the US is expected to grow due to the high prevalence of cardiovascular diseases. According to IntechOpen, stroke is the fifth leading cause of death in the US, with one stroke occurring approximately every 40 seconds and stroke-related death occurring roughly every 4 minutes. As per the American Heart Association, Inc., ~91% of the US population can travel by ambulance to a stroke-ready hospital, a primary stroke center, or a comprehensive stroke center within 1 hour for life-saving care, including telestroke-enabled emergency rooms. The increased use of telestroke across the country provides more extensive access to acute stroke expertise without delay and helps in filling gaps in regions that have inadequate access to stroke care. With the increasing adoption of telestroke, it is estimated that 96% of the US population has received optimal stroke care, which is remarkable given the country's geographic spread. Additional government regulations regarding privacy, confidentiality, and patient rights apply in the country, which may go beyond the requirements for general medical interactions. Such aforementioned factors are driving the growth of the telestroke services market.

Lucrative Regions for Telestroke Services Market

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End User Insights

Based on end user, the telestroke services market is segmented into telehospitals/teleclinics, telehome, and others. The telehospitals/teleclinics segment is expected to hold the largest market share from 2022 to 2028. Telehospitals/Teleclinics includes on-call consultation, follow-ups, and sending reminder messages by voice or SMS to users via mobile health apps. Telehospital helps deliver awareness regarding strokes and their management and rehabilitation services which help in faster recovery. As per a Harvard Medical School report, stroke is the third leading cause of death in developed countries. Moreover, several organizations run telestroke programs on different levels to provide services for acute stroke patients. Thus, the rising prevalence of stroke, increase in initiatives such as telestroke programs, and awareness regarding stroke and telestroke services are expected to boost the growth of the telestroke services market during the forecast period.

Telestroke Services Market, by End User – 2022 and 2028

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Companies operating in the telestroke services market adopt the product innovation strategy to meet the evolving customer demands, which also permits them to maintain their brand name in the global telestroke services market.

Telestroke Services Market – Segmentation

Based on type, the telestroke services market is bifurcated into ischemic and hemorrhagic. Based on end user, the telestroke services market is segmented into telehospitals/teleclinics, telehome, and others. Based on geography, the telestroke services market is primarily categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America market is further segmented into the US, Canada, and Mexico. The European telestroke services market is subsegmented into France, Germany, the UK, Spain, Italy, and the Rest of Europe. The Asia Pacific market is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The telestroke services market in the MEA is further segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The South & Central America telestroke services market is segmented into Brazil, Argentina, and the Rest of South & Central America. The companies included in our research scope are Providence Health & Services; Nebraska Medicine;Lakewood Health System;Medical University of South Carolina; Granville Health System;Vidyo, Inc; Eagle Telemedicine; Avizia; Partners Teleestroke Center;Blue Sky Health; amongst others.