Tele-Intensive Care Unit Market: Introduction of Innovative Technologies and Developments by the Government

Global tele-intensive care unit market is expected to grow in the coming years, owing to the factors such as, rising demand for remote patient monitoring, growing government initiatives for telemedicine and increasing ICU admissions and shortage of intensivists. However, the regulatory barriers for telemedicine and high cost of treatment and expensive set-up act as a restraint for this market. On the other hand, the development of tele-ICU in neurology and cardiology is likely to add novel opportunities for tele-intensive care unit market, in the coming years.

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The key players influencing the market are:

1. InTouch Technologies, Inc.
2. Advanced ICU Care
3. Koninklijke Philips N.V.
4. CEIBA-TELEICU
5. Banner Health
6. Eagle Telemedicine
7. Apollo Tele Health Services
8. SOC Telemed
9. iMDsoft
10. Cloudbreak Health

According to a new market research study titled 'Tele-Intensive Care Unit Market to 2025 - Global Analysis and Forecasts by Type and Component, the global tele-intensive care unit market was valued at US$ 1,541.8 Mn in 2017 and is estimated to reach US$ 7,363.3 Mn by 2025. The market is estimated to grow with a CAGR of 22.5% from 2017-2025.The report highlights the trends prevalent in the global tele-intensive care unit market and the factors driving the market along with those that act as deterrents to its growth.

Market Insights

Rising Demand for Remote Patient Monitoring

Intensive care unit (ICU) telemedicine is an innovative method for providing critical care services from a distance. Telemedicine improves ICU outcomes by increasing access to the expertise of dedicated intensivist physicians, facilitating early recognition of physiological deterioration, and prompting bedside providers to implement routine evidence-based practices.

The tele-ICU are located in remote or rural areas where safe and efficient transfer of patients to regional centers for advanced critical care presents difficulties. The command center communicates with the help of voice with the remote ICU personnel and can receive televised pictures and clinical data about the patients. The direct patient care is provided by the doctors and nurses in the remote ICU who do not have to be intensivists themselves. Tele-ICUs offer a solution to this problem by enabling a relatively small number of intensivists to oversee the care of a large number of ICU patients. Tele-ICU not only aids a critical role in the effective regional management of ICUs, but completely impacts the healthcare system.

The use of telemedicine to permit the remote monitoring of ICU patients and management of their care by specialty-trained clinicians is a growing trend in the U.S. health care system. The use of tele-ICU's was prompted by the finding that the care of ICU patients by dedicated intensivists improves both patient and cost outcomes. With the help of a centralized remote patient monitoring center have the ability to consolidate and standardize care, reduces transfer while maximizing the bed utilization, and support onsite staff. This decreases costs while enhancing revenues, patient flow, and capacity management across the system. Thus, convenient approach for both the healthcare providers as well as the patients with the help of tele-intensive care unit solutions are expected to promote the growth of the market over the forecast years.

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