The Global Acute Care Telemedicine Market Size is valued at 19.84 billion in 2022 and is predicted to reach 63.96 billion by the year 2031 at an 14.17% CAGR during the forecast period for 2023-2031.
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 March 2020- The U.S. Centers for Medicare & Medicaid Services (CMS) opened up more Medicare telehealth services to beneficiaries, giving them a greater range of services.
- In August 2019- Eagle, telemedicine announced that it had begun offering its Maternal Fetal Medicine (MFM) program via telemedicine. The goal of this program was to address the scarcity of obstetrics and gynecology specialists in the United States.
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:
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Report Attribute |
Specifications |
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Market size value in 2022 |
USD 19.84 Bn |
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Revenue forecast in 2031 |
USD 63.96 Bn |
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Growth rate CAGR |
CAGR of 14.17% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Delivery, Applications And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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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 |
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Competitive Landscape |
ScienceSoft USA Corporation., AMN Healthcare, Orbit Health GmbH, US Acute Care Solutions, LLC., SOC Telemed, SynergenX., Eagle Telemedicine., Vidyo, Inc., RelyMD |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
