Telestroke Services

Telestroke Services

The telestroke services market is expected to register a CAGR of approx. 8% over the period of 2022-2030. The telestroke services market refers to the provision of remote stroke care and consultation services through telecommunication and digital technologies. It involves the use of telemedicine platforms and real-time communication tools to connect stroke specialists with patients in remote locations or underserved areas. The primary objective of telestroke services is to improve access to timely and specialized stroke care, particularly in areas lacking immediate access to stroke expertise. In the telestroke services market, healthcare providers leverage teleconferencing, videoconferencing, and secure data transmission to enable remote consultations between stroke specialists and patients or local healthcare providers. Through these virtual encounters, stroke specialists can assess patients' symptoms, review medical images such as CT scans, and provide expert guidance to local healthcare providers on diagnosis, treatment decisions, and management of acute stroke cases. The growing demand for telestroke services can be attributed to the rising incidence of strokes around the globe. For instance, according to CDC, every 3 minutes and 14 seconds, someone dies of a stroke. Every year, more than 795,000 people in the United States have a stroke. About 610,000 of these are first or new strokes. About 185,000 strokes—nearly 1 in 4—are in people who have had a previous stroke. Owing to the glaring statistics Strokes are a leading cause of disability and mortality, and the demand for specialized stroke care is growing across the globe would contribute to the growth of the market in the forthcoming period as well. Furthermore, the telestroke services market is anticipated to grow on account of the telestroke services bridging this gap by providing remote consultations and expert guidance to local healthcare providers. This expands access to specialized stroke care and ensures that patients receive appropriate treatment regardless of their location. Moreover, the advancements in telecommunication infrastructure, high-speed internet, and digital health technologies have significantly contributed to the growth of the telestroke services market. However, some of the restraints in the market including the infrastructure limitations and reimbursement and financial barriers are impeding the growth of this market all over the world.

• Based on product, the market is segmented into ischemic and hemorrhagic. Among them, the hemorrhagic segment captured a significant share of the market in 2021. Hemorrhagic stroke, which occurs due to bleeding in the brain, accounts for a significant portion of all strokes. The incidence of hemorrhagic stroke has been increasing globally, driven by factors such as hypertension, aging population, and lifestyle changes. This increasing prevalence contributes to the growing demand for specialized care and interventions for hemorrhagic stroke patients.
• Based on the end-user, the telestroke services market has been classified into telehospitals/teleclinics, telehome, and others. Among them, the telehospitals/teleclinics category grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Telehospitals and teleclinics provide a platform for remote access to specialized stroke care. These virtual healthcare settings enable patients in underserved areas or those with limited mobility to connect with stroke specialists and receive expert consultation and treatment without the need to travel to distant hospitals. This improved access to specialized stroke care is a key driver of the growth in the telehospitals/teleclinics segment.
• For a better understanding of the market adoption of telestroke services, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, U.K., and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. North America, particularly the United States, is a hub for biotechnology and pharmaceutical research. The incidence of stroke in North America has been steadily increasing, primarily due to factors such as an aging population, sedentary lifestyles, and the prevalence of risk factors like hypertension and diabetes. The rising stroke incidence drives the demand for telestroke services to provide timely and specialized care. Moreover, Certain regions in North America face a shortage of stroke specialists, particularly in rural or underserved areas. Telestroke services help address this shortage by connecting local healthcare providers with remote stroke specialists, enabling patients to receive timely expert consultation and treatment guidance. North America benefits from robust telecommunication infrastructure and advancements in digital health technologies. High-speed internet connectivity, secure video conferencing platforms, and telemedicine applications have facilitated the growth of telestroke services, enabling efficient and reliable remote consultations. For instance, In 2021, InTouch Health, a leading telemedicine company, merged with Teladoc Health, a prominent telehealth provider. The merger brought together their expertise in telemedicine and telestroke services, expanding access to specialized stroke care across North America.
• Some of the major players operating in 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 among others. Several M&A’s along with partnerships have been undertaken.