The acute care telemedicine market size is estimated to be USD 17,785.2 million in 2022 and is expected to witness a CAGR of 14.96% during the forecast period 2023-2033. Increasing demand for quick access to medical treatment, physician scarcity in certain specialties, and growing need to lower the cost of acute care are factors contributing to the market growth. Furthermore, surge in investments, mergers, and acquisitions and increase access to basic healthcare while improving healthcare quality and patient safety is supporting the market growth. However, high initial setup price is expected to hinder the growth.

Increase access to basic healthcare while improving healthcare quality and patient safety is predicted to propel the market growth during the projected period. The use of telehealth or telemedicine solutions enhances patient care delivery, according to a report released by the Agency for Healthcare Research and Quality (AHRQ). Applications including e-ICU and eCare assist in delivering appropriate care and reduce the risk of negative consequences or symptoms going unreported.

Surge in investments, mergers, and acquisitions is expected to fuel the market growth during the forecast period. For instance, Amazon.com, Inc. opened up access to its healthcare and virtual visit platform, Amazon Care, to other Washington-based companies in March 2021. Until that point, only Washington State-based employees and their families could access Amazon Care. The business also intends to make its virtual care services and products available to its staff and other companies in all 50 states of the United States. Robotic surgery, virtual reality, and artificial intelligence (AI) technological developments are expected to expand the areas in which telemedicine can be used, such as telesurgery.

Segmentation

By Delivery

The market is categorized into clinician-to-clinician and clinician-to-patient. In 2022, the clinician-to-patient segment accounted for the highest revenue share due to the rising use of telemedicine services by patients, doctors, and hospitals as patients want to avoid hospital stays to lower their risk of contracting the coronavirus. In addition, acute care telemedicine gives patients in remote locations or regions with a physician scarcity access to resources and care, boosts productivity, lowers medical costs, lowers patient travel and wait times, and enables the same or higher quality of care. The fastest is anticipated in the clinician-to-clinician segment throughout the projection period. Clinician-to-clinician acute care telemedicine enables medical professionals to collaborate with specialists during emergency treatments and real-time patient health monitoring. to treat sudden illnesses or injuries that may arise in an emergency, it offers on-demand access to medical professionals in any discipline. To treat sudden illnesses or injuries that may arise in an emergency, it offers on-demand access to medical professionals in any discipline.

By Application

The market is categorized into teleneurology, teleICU, teleradiology, telenephrology, telepsychiatry, others. In the global market, the teleradiology segment accounted for the largest revenue share in 2022 owing to the fact that growth of teleradiology has resulted to it being one of the most reliable patient care methods available in any given situation. In order to support in the diagnosis and subsequent treatment plans, the procedure involves a number of methods for taking internal body images, such as ultrasound, X-rays, and MRI scans. Additionally, teleradiology enables medical professionals to obtain a medical image from one site and transmit it to another, where a radiologist can analyse it for diagnostic purposes. The telepsychiatry segment is anticipated to experience the fastest CAGR during the projected period. The rising awareness of numerous mental health conditions, including substance misuse, eating disorders, anxiety, schizophrenia, and many more, is to responsible for this. The telepsychiatry industry is expanding significantly as it has the potential to replace conventional in-person psychiatric clinics as a more effective treatment method.

By End User

The market is segmented into hospitals & clinics and others. In 2022, the hospitals & clinics segment accounted for the largest revenue share owing to lack of medical experts, particularly in developing nations, and rising public demand for easier access to healthcare.  Globally, telemedicine solutions are being used for patient triage and treatment, allowing both patients and medical staff to be protected in order to lower the risk of exposure. Comparing virtual options to in-person doctor visits can significantly enhance efficiency. The monitoring of patients in urgent situations, such as the CT evaluation of mild traumatic brain injuries, is also facilitated by telemedicine. This can help doctors determine if a patient has to be admitted to a hospital or can be treated locally with the option of routine checkups afterward. A home interactive audio and video telecommunication system is also offered by telehealth, enabling real-time communication between patients, doctors, and nurses.

Regional Markets

In 2022, North America region accounted for the highest revenue in the acute care telemedicine market and is expected to maintain its dominance during the forecast period. This is attributed to the rapid medical improvements, funding for medical research, and developments. A number of the major drivers of the regional market growth are the region’s developed healthcare infrastructure and the range of effective and functional telemedicine and telehealth models. For instance, the U.S. Centers for Medicare & Medicaid Services (CMS) expanded access to Medicare telehealth services in March 2020 to give beneficiaries a greater selection of services from their doctors without having to travel to the healthcare facility. Acute care telemedicine is expected to experience substantial growth in Europe throughout the projection period. The region’s medical technology market is expanding as a result of the region’s ageing population and the creation and use of medical technology in European nations. For instance, the 53 member states of Europe and their health ministers adopted the region’s first digital health action strategy in September 2022. This ambitious plan aims to influence the digital revolution in central Asia and Europe in order to enhance people’s health and wellbeing.

Competitor Insights

Some of the key players operating in the acute care telemedicine market are US Acute Care Solutions, LLC., Eagle Telemedicine, AMN Healthcare, SOC Telemed, ScienceSoft USA Corporation., SynergenX., Vidyo, Inc., Orbit Health GmbH, and RelyMD.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, Eagle Telemedicine announced in August 2019 that it had started offering its Maternal Fetal Medicine (MFM) programme by telemedicine. The objective of this initiative was to address the scarcity of obstetrics and gynaecology specialists in the United States.
• SOC Telemed acquired Access Physicians, a provider of telemedicine solutions, in April 2021 for cash in a deal estimated to be worth about USD 194 million. In response to the rising demand for acute care telemedicine solutions during the COVID-19 epidemic, this acquisition significantly increased SOC Telemed’s clinical service offering and geographic reach across the country.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including delivery, application, and end user from 2023 to 2033.

Report Scope:

Segmentation: Acute Care Telemedicine Market Report 2022 – 2033

Delivery (Revenue, USD Million), 2022 – 2033

• Clinician-to-clinician
• Clinician-to-patient

Application (Revenue, USD Million), 2022 – 2033

• Teleneurology
• TeleICU
• Teleradiology
• Telenephrology
• Telepsychiatry
• Others

End user (Revenue, USD Million), 2022 – 2033

• Hospitals & Clinics
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA