Tele-Intensive Care Unit Market Booming Highest Growth to Reach US$ 4,884.80 million by 2025

According to The Insight Partners 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.

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The major players operating in the tele-intensive care unit market include, InTouch Technologies, Inc., Advanced ICU Care, Koninklijke Philips N.V., Ceiba-TeleICU, Banner Health, TeleICUCare, Eagle Telemedicine, Apollo Tele Health Services, SOC Telemed, INTeleICU and among others. The market players are focused towards bringing new and innovative product launches to sustain their position in the market. For instance, in July 2018, Royal Philips launched Japan's first telemedicine intensive care (eICU) program at Showa University Hospital and Showa Koto Toyosu Hospital, designed to help improve the outcomes of high risk patients and advancing the globalization of critical care.

Reports Benefits:

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.

The report segments the global tele-intensive care unit market as follows:

Global Tele-Intensive Care Unit Market - By Type

Centralized
Decentralized
Other (Hybrid)

Global Tele-Intensive Care Unit Market - By Component

Hardware
Therapeutic Devices
Computer Systems
Communication Lines
Software

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Market Insights

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. In the last few years, there has been an upsurge in the number of patients needing ICU care without a corresponding increase in the supply of intensivists. 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. TeleICU not only aids a critical role in the effective regional management of ICUs, but completely impacts the healthcare system.

Type-Based Insights

In terms of type, the Tel-Intensive Care Unit in healthcare market is segmented into centralized, decentralized, and others. In 2017, the centralized segment held a largest market share of 52.5% of the tele-intensive care unit, by type. This segment is also expected to dominate the market in 2025.

Component-Based Insights

In terms of component, the Tel-Intensive Care Unit in healthcare market is segmented into software, hardware. In 2017, the hardware segment is expected to dominate the market based on the component contributing a share of 45.3%.

Strategic Insights

The Tel-Intensive Care Unit in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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