Tele Intensive Care Unit Market is projected to rich at a CAGR of +16% by 2028| with Top Key Players-INTeLeICU, Philips (VISICU), InTouch Technologies Inc., and Inova

The global tele-intensive care unit market was valued at USD 3,352 million in 2021 and is expected to reach USD 9,057 million by 2028, registering a CAGR of about +16% over the forecast period.

Telemedicine is one of the promising technologies which is having a significant focus during the pandemic. Several initiatives and implementations have been carried out by various government organizations and market players related to tele ICU which are likely to drive the market growth. With the increasing geriatric population and prevalence of chronic diseases, there is a growing need to find new ways of improving patient outcomes, increasing access to care, and reducing the cost of medical care. According to Center for Disease Control, in 2018, in United States more than two thirds of the all deaths are caused by one or more of these five chronic diseases, namely heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes.

The “Tele Intensive Care Unit Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Tele Intensive Care Unit market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

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Some of the key players operating in the Tele Intensive Care Unit market are INTeLeICU, Philips (VISICU), InTouch Technologies Inc., and Inova

Recent Developments

In February 2020, Intercept TeleMed, leveraging Philips’ eCareManager Acute Telehealth Suite had launched tele-ICU services for hospitals.

In October 2020, Advanced ICU Care, announced the addition to its longstanding relationship with AdventHealth by launching its comprehensive tele-ICU care services at AdventHealth Lake Wales.

Scope of the Report

Tele-intensive care unit (ICU) provides additional clinical support and surveillance. Tele-ICU with the bedside team can provide support care for the patient without any distraction and deliver timely interventions. The major purpose of the tele-ICU system is not to replace the bedside clinicians or bedside care, but to provide improved safety through redundancy and enhance outcomes through standardization.

This report segments the global Tele Intensive Care Unit market on the basis of Types are:

Hardware
Software

On the basis of Application, the Global Tele Intensive Care Unit market is segmented into:

Hospitals
Clinics
Others

The report is mainly segmented into several key regions, with sales, revenue, market share, and growth rate in these regions, covering:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Key Market Trends

Asia Pacific is Expected to Show Better Growth Rate Over the Forecast Period

The recent COVID 19 pandemic has also boosted the demand for the tele-intensive care unit market owing to the large patient pool that has been affected by COVID 19 Infection. Telemedicine largely through smartphones has become a lifeline for consultation. In August 2020, the Government of Maharashtra has partnered with Medscape India-AMET launched the first Tele ICU for the Covid patients treated in the intensive care units of various hospitals. The new Tele ICU services will help doctors monitor at a remote ICU monitoring care center, reducing the risk of catching the virus themselves.

Also, in one of the states of India, Maharashtra State Government partnered with Cloud physician to offer its services in Gulbarga Institute of Medical Sciences (GIMS). The firm provides solutions to manage critically ill Covid-19 patients using intensive EMR, audio-visuals, and alert systems.

Asia-Pacific is the fastest-growing region in the Global Tele-intensive care unit Market. Owing to the growing geriatric population, increase in the prevalence of chronic diseases, various government initiatives have also supported the advancement of health care systems, along with economic developments that will fuel the market growth in APAC countries. For instance, in 2018, Myongji Hospital, South Korea, and a leading US-based telehealth firm, InTouch Health, partnered to test out a telehealth system in South Korea, known as the “Korean Telehealth” pilot project. Myongji Hospital will, thus, work to implement the technology developed by InTouch Health and create remote healthcare ecosystem by linking affiliated medical institutions and nursing homes, including Jecheon Myongji Hospital and Incheon Sarang Long-Term Care Facility. Additionally, the growing electronic devices industry, particularly human interface devices in Asian countries, will support its increasing adoption.

Furthermore, there are also a lot of public-private partnerships and the number of initiatives that are being taken by the government to integrate telemedicine into the healthcare systems. For instance, in 2018, Philips, Emory Healthcare, and Royal Perth Hospital in Australia partnered to launch new remote intensive care monitoring program, focused on improving the outcomes of high-risk patients and advancing the globalization of critical care.

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Important Questions Answered

What is the growth potential of the Tele Intensive Care Unit market?

Which company is currently leading the Tele Intensive Care Unit market? Will the company continue to lead during the forecast period 2021-2028?

What are the top strategies that players are expected to adopt in the coming years?

Which regional market is anticipated to secure the highest market share?

How will the competitive landscape change in the future?

What do players need to do to adapt to future competitive changes?

What will be the total production and consumption in the Tele Intensive Care Unit market by 2028?

Which are the key upcoming technologies? How will they impact the Tele Intensive Care Unit market?

Which product segment is expected to show the highest CAGR?

Which application is forecast to gain the biggest market share?

The research includes historic data from 2015 to 2021 and forecasts until 2028 which makes the report's an invaluable resource for industry executives, Marketing, Sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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