The Tel-Intensive Care Unit market was valued at US$ 1,031.2 million in 2017 and it is projected to reach US$ 4,884.80 million by 2025; it is expected to grow at a CAGR of 22.5% from 2018 to 2025.
The Tel-Intensive Care Unit market was valued at US$ 1,031.2 million in 2017 and it is projected to reach US$ 4,884.80 million by 2025; it is expected to grow at a CAGR of 22.5% from 2018 to 2025.
A tele-intensive care unit (tele-ICU) uses telemedicine in an intensive care unit (ICU) setting, which applies technology to offer care to critically ill patients by offsite clinical resources. The tele-ICU use has spread rapidly, the benefits vary widely, and little is known about the specific characteristics of tele-ICU that provide benefits to patient care. The growth of the Tel-Intensive Care Unit in healthcare market is attributed to the rising demand for remote patient monitoring, growing government initiatives for telemedicine, increasing ICU admissions and shortage of intensivists are expected to boost the market growth over the years. However, the regulatory barriers for telemedicine and high cost of treatment and expensive set-up are likely to have a negative impact on the growth of the market in the coming years.
Tel-Intensive Care Unit Market: Competition Landscape and Key Developments
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.
Get Exclusive Sample Pages of Tel-Intensive Care Unit Market - Global Analysis and Strategic Insights at: https://www.theinsightpartners.com/sample/TIPHE100000992/
Global tele-intensive care unit market, based on the type is segmented as, centralized, decentralized, and others. In 2017, the centralized segment witnesses the largest market share. Additionally, the decentralized segment is anticipated to grow at fastest growing rate during the forecast period.
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 Tel-Intensive Care Unit in healthcare market is expected to witness substantial growth post-pandemic. The Tel-Intensive Care Unit in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth.
Growing Applications of Tel-Intensive Care Unit in Healthcare to Drive Tel-Intensive Care Unit in Healthcare Market Growth
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.
Moreover, United4Health (2013-2016), the core ambition of this project was to exploit and scale up telemedicine solutions implemented and trialed under the renewing health project. With the help of fourteen large-scale telemedicine pilots in Europe involving approximately 12.000 patients, this project has sought to deliver telemedicine and telecare to the many people suffering from Chronic Obstructive Pulmonary Diseases (COPD), diabetes and cardiovascular diseases.
Buy Complete Report of Tel-Intensive Care Unit Market Study at: https://www.theinsightpartners.com/buy/TIPHE100000992/
About Us:
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.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876