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Tele-Intensive Care Unit Market is expected to reach USD 5526.9 Million by the year 2026| Advanced ICU Care, UPMC, Banner Health, TeleICUCare, etc.

03-12-2020 01:54 PM CET | Health & Medicine

Press release from: Reports And Data

Market Size - USD 1949.0 Million in 2018, Market Growth - CAGR of 13.9 %, Market Trends-Growing need for software advances and inc

Market Size - USD 1949.0 Million in 2018, Market Growth - CAGR of 13.9 %, Market Trends-Growing need for software advances and inc

According to the current analysis of Reports and Data, the global Tele- Intensive Care Unit market was valued at USD 1949.0 Million in 2018 and is expected to reach USD 5526.9 Million by the year 2026, at a CAGR of 13.9%. Tele-ICU is more broadly defined as a system that utilizes remote monitoring technology to promote the efficient deployment of intensivist and critical care resources.

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Companies considered and profiled in this market study

Apollo Tele Health Services, Advanced ICU Care, Koninklijke Philips N.V., UPMC, Banner Health, TeleICUCare, Eagle Telemedicine, SOC Telemed, InTouch Technologies, Inc. and INTeleICU among others. that collectively constitute a competitive market.

The ICU environment continuously accosts clinicians with distractions, alarms, and interruptions that generates a potential for a rise in error rates. While addressing the needs of one patient, the physicians may be unaware of another patient's change in status that requires immediate attention. These are the second set of eyes that provides additional clinical surveillance and support. It has the potential to support without distraction and deliver timely interventions in cases where minutes may make a vast difference. The purpose of these systems is not to replace bedside clinicians, but to provide improved safety through redundancy and enhance outcomes through standardization.

Telemedicine enables nurses, nurse practitioners, physicians, and other healthcare professionals to provide patient monitoring and intervention from remote locations. Presence of Tele-ICU has demonstrated positive outcomes such as increased adherence to evidence-based care and improved perception of support at the bedside. In spite of the successes, acceptance of Tele-ICU varies. Some barriers to acceptance include perceptions of intrusiveness and invasion of privacy.

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Further key findings from the report suggest

1. The software end-use segment of the market is expected to grow with a CAGR of 12.3% during the forecast period.

2. Tele-Intensive Care Unit systems continuously monitor for and alert staff about acute changes or trends in physiology. The team in the Tele-ICU use video and audio technology to perform assessments and communicate with patients, their families, and loved ones, as well as caregivers. Tele-ICU team members place orders, review laboratory test results and imaging studies, and write progress notes.

3. The advent of refined and leading-edge technologies is likely to create a positive impact on how care providers practice medicine. Healthcare industry is adapting and encompassing these advantages to achieve maximum benefits.

4. Some other benefits of telemedicine could include a reduction in the number of hospital transfers for specialty care, fewer patients needing to travel long distances to see their physicians, and the ability to provide more comprehensive care to physician-poor areas--in short, greatly increased patient access to medical care.

5. The staffing levels are determined by the type and number of patients who require monitoring, the availability of resources at the monitored sites, and the Tele-ICU program model.

For the purpose of this report, Reports and Data has segmented the Tele- Intensive Care Unit market on the basis of type, component and region:

Type Outlook (Revenue in Million USD; 2016-2026)
Centralized Models
Decentralized Models
Other Models

Component Outlook (Revenue in Million USD; 2016-2026)
Hardware
Software

Regional Outlook (Revenue in Million USD; 2016-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Browse Table of Contents with Facts and Figures of Tele-Intensive Care Unit Market Report at: https://www.reportsanddata.com/report-detail/tele-intensive-care-unit-market

Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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Reports And Data
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Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

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