Telestroke Services Market for Ischemic Segment to Grow Significantly During 2022-2028

According to our latest study on "Telestroke Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product and End User," the 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 2021 to 2028. The report highlights trends prevailing in the market and factors governing the market's growth. The rising prevalence of stroke cases and the surge in the number of cardiovascular patients are expected to boost the telestroke services market. However, unawareness of telestroke services is expected to hinder the market's growth.

Rising Instances of Stroke Cases Stroke is one of the leading causes of death and disability worldwide. In 2016, the World Health Organization ranked stroke as the second leading cause of death. Stroke is a leading concern for public health with serious economic and social consequences. The public health burden of stroke will increase in the coming decades due to changing demographics, particularly in developing countries. With the development of new treatment modalities, including the use of intravenous tissue plasminogen activator and mechanical thrombectomy, clinical outcomes in patients with acute ischemic stroke have improved. However, these interventions are time-sensitive, and there are major disparities between rural and urban regions in terms of the availability of neurologists and life-saving treatment options. Risk of death and poor prognosis after stroke increase with delays in diagnosis and treatment. Further, there is a growing shortage of neurologists, particularly in underserved rural areas. According to Frontiers Media S.A., this supply gap of neurologists is projected to increase from 11% in 2012 to ~19% by 2025, with the largest decline in the number of vascular neurologists. Moreover, strokes can be divided into two main categories-ischemic stroke and hemorrhagic stroke. Ischemic stroke is caused by the cutting off of blood supply to a part of the brain, resulting in a sudden loss of function, while hemorrhagic stroke is due to a rupture of a blood vessel or an abnormal vascular structure.

Stroke continues to be a disease of immense concern for public health, despite advances in understanding several factors regarding the disease, such as epidemiology, quality of life, and pathophysiology. According to the Indian Stroke Association, the incidence of stroke in India has increased by ~100% over the past few decades. Furthermore, ~1.8 million people in India suffer a stroke yearly, and only early treatment can reduce morbidity and mortality. Further, even though the growing incidence of noncommunicable diseases such as stroke threatens the larger population, stroke treatment and rehabilitation remain underdeveloped in the country. As per the American Heart Association, ~1 in 19 deaths in the US in 2018 was due to a stroke, and in 2016, on average, one person died from a stroke every 3 minutes 33 seconds. Further, stroke is the fifth-highest cause of death in the US, resulting in 147,810 deaths in 2018. Overall, there were an estimated 460,000 strokes in the US in 2019 (two-thirds were ischemic), 190,000 were stroke-related deaths, and 3.83 million stroke-disability-adjusted life years. Therefore, owing to the rising number of stroke cases across the globe is expected to boost the telestroke services market.

Type-Based Insights

Based on type, the telestroke services market is bifurcated into ischemic and hemorrhagic. The ischemic segment held a larger share of the market in 2022 and is expected to register a higher CAGR in the telestroke services market during 2022-2028.

End User-Based Insights

Based on end user, the telestroke services market is segmented into telehospitals/teleclinics, telehome, and others. In 2022, the telehospitals/teleclinics segment held the largest share of the market. However, the telehome segment is expected to register the highest CAGR in the telestroke services market from 2022 to 2028.

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

The report segments the telestroke services market as follows:

The telestroke services market is segmented into type, end user, and geography. 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 market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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