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The Global Acute Care Telemedicine Market Size is valued at USD 22.16 billion in 2023 and is predicted to reach USD 63.96 billion by the year 2031 at a 14.42% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The increasing number of people needing quick access to healthcare and a scarcity of specialists have led to market growth.
- The boost in an aging population and an upsurge in long-term health problems around the globe is expected to drive industry growth.
- North America dominated the market and accounted for a global revenue share in 2023.
- One of the significant concerns restraining acute care telemedicine is the increasing worries about safety and a need for more knowledge about the advantages of enhanced acute care telemedicine.
Acute care deals with quick fixes for a sickness or injury that appears out of the blue. Quick care In urgent medical care, telemedicine refers to consultations carried out remotely in a hospital or other emergency care facility. The need to provide ongoing medical treatment in the era of social distance has accelerated the adoption of various technologies across nations, boosting the penetration of telemedicine in acute care. The public's preference for telemedicine has replaced traditional medicine as the preferred form of healthcare due to increased government expenditure and reimbursement laws, increased need for personal healthcare, and growth in technologically savvy and aware populations.
The global acute care telemedicine market is expanding due to the rise in private telemedicine services and good global reimbursement conditions. Partnerships between companies to advance telemedicine solutions are anticipated to drive the global acute care telemedicine market over the projected period. The global acute care telemedicine market is anticipated to experience growth as more people use emergency telemedicine services, online telemedicine services, and other telemedicine solutions and technologies.
Recent Developments:
- In November 2023, DispatchHealth collaboration with US Acute Care Solutions (USACS) aims to enhance healthcare by increasing patient access to home healthcare options and post-hospitalization support services.
- In September 2023, The Missouri Health System partnered to introduce home health care. A home hospital care solution, developed in collaboration with Mercy and Maribel Health, will be adopted across Mercy’s network of institutions.
- In July 2023, In the realm of digital health, RelyMD offered a new way for certain patient populations to get medical treatment: on-demand telehealth. The company’s MYidealDOCTOR brand now offers a monthly subscription service to groups at a reasonable price.
Competitive Landscape:
Some major key players in the acute care telemedicine market are:
- ScienceSoft USA Corporation
- AMN Healthcare
- Orbit Health GmbH
- US Acute Care Solutions LLC.
- SOC Telemed
- SynergenX
- Eagle Telemedicine
- Vidyo, Inc.
- RelyMD.
Market Segmentation:
The acute care telemedicine market is segmented on delivery, applications and end users. Based on delivery, the market is segmented into clinician-to-patient and clinician-to-clinician. Based on application, the acute care telemedicine market is segmented into teleradiology, telepsychiatry, teleICU, teleneurology, telenephrology and others. Based on end-use, the acute care telemedicine market is segmented into hospitals & clinics and others.
Based On Application, The Teleradiology Segment Is A Major Contributor To The Acute Care Telemedicine Market
The market's leading segment was teleradiology. The growth of teleradiology has made it one of the most reliable patient care methods available in any given circumstance. The procedure involves several methods for taking interior body images, such as ultrasound, X-rays, and MRI scans, to aid the diagnosis and subsequent treatment plans. Additionally, teleradiology enables medical professionals to obtain a medical image from one site and transmit it to another, where a radiologist can interpret it for diagnostic purposes.
The Hospitals And Clinics Segment Witnessed Growth At A Rapid Rate
Hospitals and clinis segment grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. This is brought on by the lack of specialized doctors, particularly in developing nations, and the rising public desire for easier access to medical care. Globally, telemedicine solutions are being used for quality of nursing care and management, permitting both patients and medical personnel to be protected in order to lower the danger of exposure.
The North American Acute Care Telemedicine Market Holds A Significant Revenue Share In The Region
The North American acute care telemedicine market is expected to register the highest market share in revenue shortly due to the rise in old age homes and the geriatric population worldwide. Additionally, the government of numerous nations is releasing a number of laws and guidelines to improve the treatment supplied to the senior population, consequently promoting the growth of the telemedicine market in this region. Besides, the Asia Pacific regional market marks tremendous growth in the market. The Asia-Pacific region's growing population is also driving the medical industry's transition to telemedicine. The Asia-Pacific region's growing geriatric population and the rise in chronic illnesses are driving medical schools to use telemedicine.
Global Acute Care Telemedicine Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 22.16 Bn |
|
Revenue forecast in 2031 |
USD 63.96 Bn |
|
Growth rate CAGR |
CAGR of 14.42% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Delivery, Applications And End Users |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
ScienceSoft USA Corporation., AMN Healthcare, Orbit Health GmbH, US Acute Care Solutions, LLC., SOC Telemed, SynergenX., Eagle Telemedicine., Vidyo, Inc., RelyMD |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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