The telestroke services market is estimated to be valued at USD 1.72 Bn in 2024 and is expected to reach USD 4.72 Bn by 2031, growing at a compound annual growth rate (CAGR) of 15.5% from 2024 to 2031.
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Advancements in telestroke capabilities along with growing geriatric population who are at high risk of strokes are the major factors driving the estimated growth of the market. The market is witnessing increasing adoption of telestroke services to enhance stroke care in rural areas. Growing patient preference for virtual stroke consultations and guidelines by healthcare organizations recommending the use of telestroke is boosting demand for telestroke services. However, lack of awareness regarding the availability of telestroke and high cost of equipment and services in few regions may hamper the market growth.
Rising prevalence of strokes
The increasing risk of strokes globally has become a serious public health issue. Strokes are among the leading causes of disability and mortality across many developed and developing nations. The risk of strokes grows steadily with age, with the majority of stroke cases occurring among individuals over 65 years of age. With prolonged lifespans and aging populations worldwide, the number of elderly persons is projected to grow sharply in the coming decades. This will correspondingly drive up the burden of age-related health conditions like strokes. Lifestyle changes across large sections of the world's population have also inadvertently increased stroke risks over time. Unhealthy diets high in fat, sugar and sodium are widespread. Physical inactivity due to more sedentary jobs and urbanization have become commonplace. Additionally, conditions like obesity, diabetes, and hypertension which are known risk multipliers for strokes have seen rising prevalence globally. All of these factors contribute to a growing strike susceptibility at the population level.
Telestroke services are benefiting from the increasing comfort and familiarity of patients and physicians with various telemedicine modalities. What started as an experiment during the pandemic is fast becoming the new normal worldwide. Telehealth solutions are now being adopted across a broad spectrum of specialties from dermatology to cardiology. Stakeholders have recognized their ability to improve access to expertise, reduce travel costs and time, ensure continuity of care and aid early triage and treatment. With each successful implementation, doubts regarding reliability, and efficacy of virtual care diminish. New technologies centered on artificial intelligence, augmented reality, and remote monitoring are further fueling innovation and integration of digital health applications. The upside of telestroke networks is also being appreciated by policymakers and payers. Remote telestroke evaluations are proving equivalent or in some cases superior to onsite assessments alone. This translates to savings in indirect costs like reduced readmissions and long-term care needs. As telestroke programs mature with experience, their outcomes data strengthens the case for broader insurance cover and investments.
Telestroke Services Market Report Snapshots
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