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, And Segment Forecasts, 2022 - 2030

Report Overview

The global acute care telemedicine market size was valued at USD 17.5 billion in 2021 and is estimated to grow at a compound annual growth rate (CAGR) of 14.8% from 2022 to 2030. 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.

Delivery Insights

The clinician-to-patient segment accounted for the largest revenue share of 62.5% 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 36.5% in 2021. 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 75.5% in 2021 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 42.4% in 2021. 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 15.2%. 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.

Key Companies & Market Share Insights

The key companies operating in the acute care telemedicine market are attempting to enhance their product portfolio by upgrading their products, utilizing significant cooperative efforts, and exploring acquisitions and government permissions to increase their client base and capture a larger market share. Furthermore, the key players in the market are adopting strategies such as partnership, merger and acquisition, product and service launches, agreements, joint ventures, collaboration, and expansion to strengthen their position in the Acute Care Telemedicine market.

For instance, In August 2019, Eagle Telemedicine announced that it had started providing its Maternal Fetal Medicine (MFM) program through telemedicine. This initiative was taken with the aim to tackle the shortage of obstetrics and gynecology specialists across the U.S.

In April 2021, SOC Telemed acquired Access Physicians, a telehealth solutions provider, and a cash deal valued at approximately USD 194 million. This acquisition significantly expanded SOC Telemed’s clinical service portfolio and national footprint amid the increasing demand for acute care telemedicine solutions during the COVID-19 pandemic. Some of the major 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. 

Acute Care Telemedicine Market Report Scope

Global Acute Care Telemedicine Market Segmentation

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 2018 to 2030. For this study, Grand View Research has segmented the global acute care telemedicine market report based on delivery, application, end-use, and region:

• Delivery Outlook (Revenue, USD Million, 2017 - 2030)

  • Clinician-to-patient

  • Clinician-to-clinician

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Teleradiology

  • Telepsychiatry

  • TeleICU

  • Teleneurology

  • Telenephrology

  • Others

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals & Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Russia

  •  Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Singapore

  • Latin America

    • Brazil

    • Mexico

    • Columbia

    • Argentina

  •  Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Israel