Acute Care Telemedicine Market Size, Share & Trends Analysis Report By Delivery (Clinician-to-Clinician, Clinician-to-Patients), By Application (Teleradiology, Telepsychiatry) By End Use, By Region- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Acute Care Telemedicine market size was estimated at USD 19.5 billion in 2022 and is projected to hit around USD 60.9 billion by 2030, growing at a CAGR of 14.11% during the forecast period 2022 to 2030.

Key Takeaways:

  • 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 15.9% 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 75.9% 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 43.4% in 2022. 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 15.8%. The increase in the elderly population and increased development in the healthcare infrastructure is driving the regional market expansion

Acute care telemedicine solution increases healthcare access and allows remote patients to get clinical facilities, including emergency and intensive care services. Telemedicine services can improve health outcomes by providing patients with an immediate diagnosis and treatment for a disease condition at an early stage, thus saving clinical expenses. The Rising demand for immediate access to medical care, the shortage of specialty physicians, and the increasing need to reduce the cost of acute care are some of the key factors contributing to the growth of the industry. In addition, the widespread adoption of acute care telemedicine during the COVID-19 pandemic has propelled the industry's growth.

Telemedicine has emerged as an important alternative for healthcare providers in acute care clinical settings to enhance patient care, especially during an emergency. The COVID-19 outbreak has accelerated the long-anticipated surge in acute care telemedicine services globally. Consulting a health care practitioner over video, call or text has become the new normal for medical requirements. In addition, the crisis has reignited interest in digital services safely test and examine at-risk patients s safely from remote locations. Furthermore, telehealth-assisted ICUs have also been shown to offer decreased mortality rates, complications, and length of hospital stays.

Report Scope of the Acute Care Telemedicine Market

Report Coverage

Details

Market Size

USD 60.9 Billion by 2030

Growth Rate

CAGR of 14.11% from 2022 to 2030

Largest Market

Asia Pacific

Fastest Growing Market

North America

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Delivery, application, end-use and Region,

Companies Mentioned

ScienceSoft USA Corporation., AMN Healthcare, Orbit Health GmbH, US Acute Care Solutions, LLC., SOC Telemed, SynergenX., Eagle Telemedicine., Vidyo, Inc., RelyMD.

Delivery Insights

The clinician-to-patient segment accounted for the largest revenue share of 63.5% in 2021. This is owing to the increased adoption of telemedicine solutions by consumers, physicians, and hospitals as patients seek to avoid hospital visits to reduce the chances of exposure to coronavirus. In addition, acute care telemedicine provides access to resources and care for patients in rural areas or areas with a shortage of physicians, improves efficiency and lower medical expense, reduces patient travel, and wait times, and allows for comparable or improved quality of care.

The Clinician-to-clinician segment is expected to witness the fastest CAGR of 15.2% in the forecast period. Clinician-to-clinician acute care telemedicine allows healthcare providers to coordinate with specialists throughout the treatment in emergency cases and real-time patient health monitoring. It provides on-demand access to medical experts in any field to treat abrupt injuries or diseases that can occur in an emergency.

Application Insights

The teleradiology segment dominated the market and held the largest revenue share of 37.5% in 2022. Teleradiology system determined by technological development has emerged as one of the most consistent modes of patient care method in any given situation. The treatment involves various techniques for capturing internal body images such as ultrasound, X-rays, and MRI scans, to help with diagnosis and further treatment plans. Teleradiology also allows healthcare experts to get a medical image from one location and transfer it to another location where it can be explained by a radiologist for diagnostic purposes.

The telepsychiatry segment is estimated to witness the fastest CAGR of 15.5% in the forecast period. This is owing to the increased awareness among people suffering from various mental health conditions such as eating disorders, anxiety, schizophrenia, substance abuse, and several others. The telepsychiatry sector is witnessing significant growth as it holds the potential to become a better option to traditional in-person psychiatric facilities.

End-Use Insights

The hospital and clinics segment dominated the market and held the largest revenue share of 76.5% in 2022 and is expected to continue its dominance in the forecast period. This is owing to the shortage of specialist physicians, especially in developing countries, and increased demand for better healthcare access among the people. Telemedicine solutions are being adopted globally for the triage and treatment of patients, enabling protection for both patients and medical professionals to reduce the risk of exposure.

Virtual options can substantially increase effectiveness compared to in-person physician appointments. Telemedicine also allows the monitoring of patients in emergency cases such as CT assessment of mild traumatic brain injuries. This can assist doctors to decide if the patient needs to admit to a hospital or can be treated locally and allow post-treatment routine checkups. In addition, telehealth provides an at-home interactive audio and video telecommunication system, that allow real-time connection among doctors, nurses, and patients.

Regional Insights

North America dominated the market and accounted for the largest revenue share of 43.4% in 2022. Rapid advancements in the medical sector, allocation of funds for medical research, and developments are some of the key factors contributing to regional market growth. The variety of successful and operational telemedicine and telehealth models and the developed healthcare infrastructure of the region are some of the key factors contributing to the regional market growth. For instance, In March 2020, the U.S. Centers for Medicare & Medicaid Services (CMS) widened access to Medicare telehealth services to provide the beneficiaries with a wider choice of services from their doctors without having to travel to the healthcare facility.

In Europe, the acute care telemedicine market is anticipated to witness rapid growth in the forecast period with a CAGR of 15.9%. The increasing elderly population and the development and deployment of medical technology in European countries are driving the growth of the market in the region. For instance, in September 2022, the health ministers and representatives from WHO, Europe’s 53 member states adopted the region’s first digital health action strategy, an ambitious plan that will influence the digital revolution in central Asia and Europe with the goal of improving people’s health and well-being.

Some of the prominent players in the Acute Care Telemedicine Market include:

  • ScienceSoft USA Corporation.
  • AMN Healthcare
  • Orbit Health GmbH
  • US Acute Care Solutions, LLC
  • SOC Telemed
  • SynergenX
  • Eagle Telemedicine.
  • Vidyo, Inc.
  • RelyMD. 

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Acute Care Telemedicine market

  • Delivery
    • Clinician-to-patient
    • Clinician-to-clinician
  • Application
    • Teleradiology
    • Telepsychiatry
    • TeleICU
    • Teleneurology
    • Telenephrology
    • Others
  • End-use
    • Hospitals & Clinics
    • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Acute Care Telemedicine industry analysis from 2022 to 2030 to identify the prevailing Acute Care Telemedicine industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global Acute Care Telemedicine industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Acute Care Telemedicine industry trends, key players, market segments, application areas, and market growth strategies.

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