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Telestroke Services Market

Telestroke Services Market Size, Share & Trends Analysis Report By Stroke Type (Ischemic, Hemorrhagic), By End Use, By Region - Global Review 2022 To 2032.

Analysis of Telestroke Services market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Telestroke Services Market

The telemedicine field is marking alarming progress in terms of facilitating patient care in remote regions and in underserviced health centers. This field is one of the successful fields which is gaining attention from private players to take an active part in the public health sector. The integration of technology in the healthcare system across the globe is impelling factor behind higher telemedicine penetration.

Telestroke services is a sub-category of telemedicine, which is often used for medical consultations in rural areas that facilitate the care of patients with acute stroke at underserviced hospitals. The telestroke service’s benefit is expected to give appraisal, administration, analysis, and demeanor basic leadership administrations to patients with intense stroke.

The global telestroke services market is valued at USD 1.55 Million in the year 2022. The market is likely to continue expansion in the forecast duration to cross a value of USD 9.76 Million by end of 2032. Furthermore, the global telestroke market is anticipated to grow at a CAGR of 20.2% in the forecast period.

Owing to ease of technology of video conferencing enabled remotely based stroke specialists to assist patients virtually at another site. Despite the fact that telestroke service might incorporate more extensive use of telemedicine over the wide range of stroke care, with some consulting on a neurologic emergency, Telestroke services around the intense period of stroke, incorporating both pre-and in-hospital experiences for cardiac emergencies. These intuitive experiences connect patients with intense stroke disorders with intense care offices with remote and on-location healthcare services specialists giving access to mastery, upgrading medical practice, and enhancing quality results and outcomes.

There are many new applications introduced in the telestroke services market such as mobile stroke units, these units are well equipped with CT scanners and advanced telemedicine devices, and well-qualified medical professionals, to guide and bolster administration in the telestroke services sector.

Report Attributes

Details

Telestroke Services Market Size (2022 A)

USD1.55 Million

Base Year for Estimation

2022

Forecast duration for this research

2022-2032

Forecasted Market value (2032 F)

USD9.76 Million

Global Market Growth rate (2022-2032 E)

CAGR of 20.2%

Key Companies Profiled

  • Eagle Telemedicine,
  • Avizia, Inc.,
  • Partners TeleStroke Center, Providence Health & Services,
  • The Medical University of South Carolina,
  • Granville Health System,
  • Vidyo, Inc.,
  • Lakewood Health System

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What necessitates telestroke services?

The primary factor driving for telestroke services market is the implementation of a period delicate and efficient work process for telestroke services is the reason for a fruitful clinical practice for assessing and overseeing presumed intense stroke patients utilizing remote expertise.

Besides, the need for immediate services for stroke treatment to overcome the risk of cardiac arrest is attributed to the growth in demand for telestroke services across the world over the forecast period. Telestroke service’s Cost-benefit and reimbursement are other factors driving the growth of the global telestroke services market.

Increasing stroke cases across the globe are the leading cause of cardiac arrest and thus demands for telestroke services increased during the forecast period. However, unawareness of the telestroke services and lack of government initiative programs in some developing countries is the factor hampering the growth of the global telestroke services market.

Telestroke Services Market

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Factors that deter penetration of Telestroke services?

The presence of parity laws and Medicare reimbursement are key challenges in the telemedicine sector. The lack of EHR integration is another challenge faced by telestroke services. Even though rising cases of cardiac arrest impose the demand for telestroke services in the forecast duration. The unawareness about the telestroke services is another reason for the deterrence of telestroke services. The segment is also lacking in terms of government support in developing nations hampering the expansion of this market.

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Opportunities in the Telestroke market

The prevalence of acute stroke conditions is leading to cause for long-term disabilities in patients across the globe. The Telestroke facilities allow neurology centers to several remote hospitals. Online consultation may be efficiently delivered and remote patient monitoring is possible. In rural areas, telestroke service providers should focus on the development of mobile stroke units and intensive care units having no access to onsite physician services. The higher cost may stress the providers in the forecast period.

Segment wise analysis

An ischemic stroke is a common form that is occurring due to loss of blood supply to any area of the brain. Hemorrhagic type of stroke occurs due to bleeding into the brain owing to rupture in blood vessels. Telestroke services are mostly demanded in case of type Ischemic strokes. Neurologic rehabilitation can be a potential outcome for stroke patients with different means and mechanisms. Ischemic strokes are associated with a lower mortality rate than Hemorrhagic strokes. This type of segment is expected to see demand in the forecast duration.

Region Wise Outlook

North America is expected to be the leader in the global telestroke services market owing to high awareness of telemedicine, improved healthcare infrastructure, and adequate reimbursement policy in the region. Canada is expected to become a key teleservices hub in the forecast duration due to the rising adoption of telehealth services. The country has free telehealth Ontario which is making telemedicine in mainstay.

In Addition, increasing adaptation of telestroke services in remote areas is expected to result in higher demand for telestroke services globally over the forecast period. the market in the Asia Pacific excluding Japan is expected to grow at a significant CAGR due to the introduction of telemedicine and the high adoption of telestroke service amongst healthcare professionals.

Europe is expected to take the second largest share in the global telestroke services market throughout the forecast period. India and China are likely to become major countries demanding telestroke services owing to rising cardiac conditions in people.

Recent Developments

The global market for telestroke services is highly fragmented with local players holding significant market share during the forecast period. The Telestroke Services market creates a great opportunity to expand their wings because telestroke services is a feasible and safe for stroke diagnosis to enhance tPA use and improve long-term outcomes. Service providers continuously developed Telestroke Services portfolio during the forecast period. Promising Revenue growth is considered for the telestroke services market in the forecasted period. Healthcare providers are using telemedicine for treating stroke patients beginning with an audio-video medium for communication between neurologists and patients with stroke signs.

  • Partners Telestroke Alliance intends to provide telemedicine stroke services across the US and other countries in the world. This alliance is based on the software program that is used by partner firms in telestroke services. The software application is a robust medical record system that assists in keeping records after every telemedicine interaction. These details include demographic, medical history, lab values, and findings of examinations. These are embedded with the decision support tools making correct diagnoses and decisions of treatment.
  • July 2020, Granville Health Systems got recognition as “Association/American Stroke Association’s getting with the Guidelines Target: Stroke Honor Roll Silver Plus Quality Achievement Award”. This award is given for the utmost commitment by the firms in ensuring patients receive appropriate treatment in telestroke services.

Telestroke Services Market: Segmentation

Tentatively, the global telestroke services market has been segmented on the basis of stroke type, end user, and geography.

  • Based on stroke type

    • Ischemic
    • Hemorrhagic
  • Based on the end user

    • Telehospitals/Teleclinics
    • Telehome
    • Others
  • Based on the regional analysis

    • North America (U.S., Canada)
    • Latin America (Mexico, Brazil)
    • Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
    • Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
    • Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
    • Japan
    • The Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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The global telestroke services market is valued at USD1.55 Million in the year 2022.

The key players in the animal probiotic market are- • Eagle Telemedicine, • Avizia, Inc., • Partners TeleStroke Center, Providence Health & Services, • The Medical University of South Carolina, • Granville Health System

The global telestroke market is anticipated to grow at a CAGR of 20.2% in the forecast period.

The primary factor driving for telestroke services market is the implementation of a period delicate and efficient work process for telestroke services is the reason for a fruitful clinical practice for assessing and overseeing presumed intense stroke pat

The market is likely to continue expansion in the forecast duration to cross a value of USD9.76 Million by end of 2032.

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