TELESTROKE SERVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The telestroke services market faces many challenges currently. Low adoption rate among hospitals due to budget constraints and lack of awareness is a major hindrance. Health professionals are also reluctant to change due to comfort with traditional methods. Reimbursement issues from insurance providers for telemedicine consultations act as a discouraging factor. Standardization and interoperability between telestroke platforms are needed to scale operations.

Market Opportunities: Advancements in telecommunication technologies

Rising geriatric population who are at high risk of stroke creates significant opportunities for market growth. Increasing incidence of strokes and time sensitivity of treatment are driving the need for telestroke. Advancements in telecommunication technologies are making virtual consultations more efficient. There is a push for infrastructural development in rural areas where specialty care accessibility is limited. Investments from healthcare IT players is anticipated to create lucrative growth opportunities for market over the forecasted period.