The global acute care telemedicine market is expected to reach USD 60.2 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 14.8% from 2022 to 2030. Technological development in the healthcare sector, increasing demand for immediate access to medical care, and shortage of specialty physicians especially in developing countries are some factors driving telemedicine growth in an acute care setting.
Acute Care Telemedicine Market Report Highlights
- Based on delivery, the clinician-to-patient segment accounted for the largest market share of 62.5% in 2021 as it provides easy access to medical professionals through chat or video conferencing and reduces long waiting and travel times to get treatment.
- The telepsychiatry segment is expected to witness the fastest CAGR of 15.5% over the forecast period. The sector is witnessing significant growth as it holds the potential to become a better option to traditional in-person psychiatric facilities.
- Based on the end-use, the hospitals and clinics segment dominated the market with a revenue share of 75.5% and is likely to grow at the fastest growth rate from 2022 to 2030. This is owing to the shortage of specialist physicians, especially in developing countries, and increased demand for better healthcare access among the people.
- North America accounted for the largest revenue share of nearly 42.4% in 2021. Due to a favorable reimbursement structure and the availability of telemedicine services. For instance, In January 2021, The American Telemedicine Association (ATA) and the Digital Medicine Society (DiMe) launched “IMPACT” a new program for virtual healthcare.
- The Europe market is anticipated to witness rapid growth over the forecast period with a CAGR of 15.2%. The increase in the elderly population and increased development in the healthcare infrastructure is driving the regional market expansion
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The COVID-19 pandemic caused the healthcare system to encounter various challenges. The swift adoption of various technologies across countries, driven by the necessity to provide continued medical care in the era of social distancing, has increased the penetration of telemedicine in acute care. In addition, the Centers for Medicare & Medicaid Services (CMS) increased the coverage of telehealth services through temporary waivers soon after the declaration of COVID-19 as a public health emergency in early 2020 to make it convenient for people to receive medical care while reducing their exposure to the virus in public settings such as hospitals and health care facilities.
Furthermore, the World Health Organization and the International Telecommunication Union (ITU) collaborated to produce a universal standard for the usage of telehealth services to address the problem on an international scale. This guideline describes the technological criteria that a telehealth platform must fulfill to deliver accessible telehealth services.
In December 2021, Five Ascension Texas facilities collaborated with the nation’s major multispecialty telemedicine group to offer teleneurology services to their patients. The collaboration was intended to ensure 24/7 access to special neurology care. It will also strengthen on-site neurology treatment by offering doctors, nurses, and other professionals high-definition video consultations with neurologists on demand.
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List of Key Players in Acute Care Telemedicine Market
- ScienceSoft USA Corporation.
- AMN Healthcare
- Orbit Health GmbH
- US Acute Care Solutions, LLC,
- SOC Telemed
- SynergenX
- Eagle Telemedicine
- Vidyo Inc.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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Segmented the global acute care telemedicine market based on delivery, application, end-use, and region.
Table of Contents
Chapter 1 Report Scope And Objectives
1.1 Market Segmentation & Scope
1.2 Regional Scope
1.2.1 Estimates And Forecast Timeline
1.3 Objectives
1.3.1 Objective - 1
1.3.2 Objective - 2
1.3.3 Objective - 3
Chapter 2 Methodology
2.1 Research Methodology
2.2 Information Procurement
2.2.1 Purchased Database
2.2.2 Gvr’s Internal Database
2.2.3 Secondary Sources
2.2.4 Primary Research
2.3 Information Or Data Analysis
2.3.1 Data Analysis Models
2.4 Market Formulation & Validation
2.5 Model Details
2.5.1 Commodity Flow Analysis (Model 1)
2.5.2 Volume Price Analysis (Model 2)
2.6 List Of Secondary Sources
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.2.1 Delivery
3.2.2 Application
3.2.3 End-Use
3.2.4 Region
3.3 Competitive Insights
3.4 Acute Care Telemedicine Market Outlook, 2021
Chapter 4 Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent Market Outlook
4.2 Acute Care Telemedicine Market Dynamics
4.2.1 Market Driver Analysis
4.2.2 Market Restraint Analysis
4.3 Acute Care Telemedicine Market: Business Environment Analysis Tools
4.3.1 Porter’s Five Forces Analysis
4.3.1.1 Threat Of New Entrants
4.3.1.2 Bargaining Power Of Suppliers
4.3.1.3 Bargaining Power Of Buyers
4.3.1.4 Competitive Rivalry
4.3.1.5 Threat Of Substitutes
4.3.2 Pestel Analysis
4.3.2.1 Political & Legal
4.3.2.2 Economic & Social
4.3.2.3 Technological
4.4 Penetration & Growth Prospect Mapping
4.5 Technology Trend Analysis
4.6 Regulatory Framework
4.7 Impact Of Covid-19 On Acute Care Telemedicine Market
Chapter 5 Acute Care Telemedicine Market: Delivery Analysis
5.1 Acute Care Telemedicine, Delivery, Market Share Analysis, 2021 & 2030
5.2 Acute Care Telemedicine, Delivery, Market: Segment Dashboard:
5.3 Market Size & Forecasts And Trend Analysis, 2017 To 2030 For The Delivery Segment
5.3.1 Clinician-To-Patient
5.3.1.1 Clinician-To-Patient Market, 2017 - 2030 (USD Million)
5.3.2 Clinician-To-Clinician
5.3.2.1 Clinician-To-Clinician Market, 2017 - 2030 (USD Million)
Chapter 6 Acute Care Telemedicine Market: Application Analysis
6.1 Acute Care Telemedicine Application Market Share Analysis, 2021 & 2030
6.2 Acute Care Telemedicine Application Market: Segment Dashboard
6.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For The Application Segment
6.3.1 Teleradiology
6.3.1.1 Teleradiology Market, 2017 - 2030 (USD Million)
6.3.2 Telepsychiatry
6.3.2.1 Telepsychiatry Market, 2017 - 2030 (USD Million)
6.3.3 Tele-Icu
6.3.3.1 Tele-Icu Market, 2017 - 2030 (USD Million)
6.3.4 Teleneurology
6.3.4.1 Teleneurology Market, 2017 - 2030 (USD Million)
6.3.5 Telenephrology
6.3.5.1 Telenephrology Market, 2017 - 2030 (USD Million)
6.3.6 Others
6.3.6.1 Others Market, 2017 - 2030 (USD Million)
Chapter 7 Acute Care Telemedicine Market: End-Use Analysis
7.1 Acute Care Telemedicine End-Use Market Share Analysis, 2021 & 2030
7.2 Acute Care Telemedicine End-Use Market: Segment Dashboard
7.3 Market Size & Forecasts And Trend Analyses, 2017 To 2030 For The End-Use Segment
7.3.1 Hospitals And Clinics
7.3.1.1 Hospitals And Clinics Market, 2017 - 2030 (USD Million)
7.3.2 Others
7.3.2.1 Others Market, 2017 - 2030 (USD Million)
This supposedly ‘omnipresent’ COVID-19 outbreak has led to an immense degree of changes in almost each and every industrial sector imaginable.
This has given rise to a new term, known as home health monitoring.Home health monitoring is quickly becoming a serious alternative than physically moving to hospitals, by blending the latest technologies like wireless communication, mobile computing, bio-sensing, and AI (Artificial Intelligence).
In layman terms, in fact, the basic motive of in-home health monitoring is to bring a generous reduction in healthcare expenses by avoiding the patients who can get well even without getting admitted to one of their rooms or wards.
It can be feasibly assumed that home health monitoring has been made all the more functional with the help of cutting-edge telemedicine applications and software solutions.Bringing the focus again on the present situation where a pandemic has forced people to stay in their homes for an increased bout of time, numerous guidelines have emphasized to refrain from visiting hospitals unless it’s absolutely unavoidable.
Helmed with advanced telemedicine IT solutions, home health is mainly aimed at patients with Chronic Obstructive Pulmonary Disease (COPD), heart failure, and more such diseases, which require constant supervision of a skilled doctor.Home Health Monitoring and it's BenefitsWith smartphones and other smart devices a staple in everyday life, telemedicine app development has been integral in making home health monitoring the novel solution it is gradually becoming.
Aided with some of the best telemedicine apps, patients can easily conduct their routine tests and send them over to their doctor or physician, practically in real-time and eliminate the need to head over to a hospital for just some checks.For people having long-term illnesses, this is a true advantage as they need to coordinate with their doctors a lot more.
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We have listed all the telehealth services, trends, telemedicine services, and more for you to check this blog out to learn.
