Global Tele-Intensive Care Unit (ICU) Market, By Type (Centralized Models, Decentralized Models, Other Models), Component (Hardware, Software), Type of Management (Intensivist, Open, Co-Managed, Open with Consultants, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The tele-intensive care unit (ICU) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 17.64% in the forecast period of 2021 to 2028 and is expected to reach USD 4,973.68 million by 2028. The increase in the demand for remote monitoring is escalating the growth of tele-intensive care unit (ICU) market.
Tele-intensive care ICU (tele-ICU) refers to an application of telemedicine that deals with critical care of a patient in a hospital. Tele-ICU helps in connecting the critical care team at a distant location with the bedside ICU team through audio-visual communication and monitoring systems. This system consists of hardware that collects the patient's data and then transmits from the remote ICU to the physician at a distant location with the help of a command center. The data collected and transmitted by the ICU system comprises of the patient's physiological status, treatment and medical records.
The growth in the geriatric population across the globe and the increasing need for remote monitoring, acts as the factors driving the tele-intensive care unit (ICU) market. The rise in the popularity of these services owning to the features such as real-time monitoring and remote access to patient data and the benefits offered including decreased clinical decision time and facilitates efficient healthcare delivery accelerate the tele-intensive care unit (ICU) market growth. The increasing utilization of these systems to enhance patient care, high adoption rate due to reduced length of hospital stay and surge in number of surgeries that require intensive care influence the tele-intensive care unit (ICU) market. The increase in the prevalence of chronic diseases among population such as cancer and neurological disorders and the rising use of therapeutic devices in ICU also propels the tele-intensive care unit (ICU) market. Additionally, the growth in population globally, rise in awareness, surge in healthcare expenditure and improving healthcare infrastructure positively affect the tele-intensive care unit (ICU) market. Furthermore, technological advancement in the treatment facilities extends profitable opportunity to the tele-intensive care unit (ICU) market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the maintenance and annual costs of ICU are expected to obstruct the tele-intensive care unit (ICU) market growth. The rise in the cost of treatments of the patients is projected to challenge the tele-intensive care unit (ICU) market in the forecast period of 2021-2028.
This tele-intensive care unit (ICU) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tele-intensive care unit (ICU) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Tele-Intensive Care Unit (ICU) Market Scope and Market Size
The tele-intensive care unit (ICU) market is segmented on the basis of type, component and type of management. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the tele-intensive care unit (ICU) market is segmented into centralized models, decentralized models and other models.
- On the basis of component, the tele-intensive care unit (ICU) market is segmented into hardware and software.
- On the basis of type of management, the tele-intensive care unit (ICU) market is segmented into intensivist, open, co-managed, open with consultants and others.
Global Tele-Intensive Care Unit (ICU) Market Country Level Analysis
The tele-intensive care unit (ICU) market is analyzed and market size insights and trends are provided by country, type, component and type of management as referenced above.
The countries covered in the global tele-intensive care unit (ICU) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the tele-intensive care unit (ICU) market because of the presence of strong IT infrastructure and exceptional internet connectivity in the region. Asia-Pacific is expected to witness the highest CAGR in the forecast period of 2021-2028 because of the huge target population and advancement of the healthcare system by the government in the region.
The country section of the tele-intensive care unit (ICU) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The tele-intensive care unit (ICU) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for tele-intensive care unit (ICU) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on tele-intensive care unit (ICU) market. The data is available for historic period 2011-2019.
Competitive Landscape and Tele-Intensive Care Unit (ICU) Market Share Analysis
The tele-intensive care unit (ICU) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tele-intensive care unit (ICU) market.
The major players covered in the tele-intensive care unit (ICU) market report are InTouch Technologies Inc., Advanced ICU Care, Koninklijke Philips N.V., UPMC, Banner Health, Eagle Telemedicine, Apollo Tele Health Services, SOC Telemed, INTeleICU, iMDsoft, Inova, CEIBA-TELEICU, Mid-Atlantic Telehealth Resource Center, Cerner Corporation, Inova, INTeleICU among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.