Tele Intensive Care Unit (ICU) Market Statistics, Segment, Trends and Forecast to 2030

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Tele Intensive Care Units (ICU) Market Size Is Projected to reach a valuation of USD 10.66 Billion by 2030 , at a CAGR of 14.28% Over The Forecast Period of 2022 to 2030.

A telemedicine application called Tele-Intensive Care ICU (Tele-ICU) deals with the critical care of a patient in a hospital. With the aid of audiovisual communication and monitoring equipment, tele-ICU helps to connect the bedside ICU staff with the critical care team at a remote site. A Tele-ICU system consists of hardware that gathers patient data and transmits it via a command centre from the remote ICU to the physician at a different location. The physiological state of the patient, their treatment, and their medical records are among the data that the ICU system collects and transmits.

The tele-intensive care unit (ICU) market is divided into three categories in the report: centralised, decentralised, and other approaches. The tele intensive care unit market is divided into hardware and software segments based on component. Additional categories for the hardware segment include video display panels, communication lines, therapeutic equipment, computer systems, and others like medical records and video feeds.

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Tele Intensive Care Unit (ICU) Market: Key Trends

 Therapeutic Device Sub-Segment is anticipated to hold the major share in the Hardware Segment

 The therapeutic device sub-segment is anticipated to have a substantial market share. Since telemedicine has witnessed high success rates in patients needing critical care, the role of telemedicine through the therapeutic device is undeniable. Therapeutic devices have emerged as a valuable link between large and small hospitals to deliver high-quality healthcare.

Therapeutic devices have acquired success in diagnosis, transferring cancer/neurological – examinations, and consultations, across various developed countries. Therapeutic devices play a primary role and are highly useful in the decentralized tele-ICU. The first dedicated Robot-Assisted Cardiac Surgery Unit was launched by Apollo Hospital Bangalore in India in 2019.

Rising Numbers of Geriatric Population and Chronic Disease Patients Have increased the demand

 Growing numbers of patients suffering from chronic diseases have augmented the demand for the global tele-intensive care unit (ICU) market. Additionally, rising preference for shorter stays in hospital with the help of advanced healthcare technologies has also fueled the demand for the tele intensive care unit (ICU) market. Another key factor that has boosted market demand is that this application helps in vital sign deviation and alerts clinicians with alarms.

Furthermore, growing geriatric population in developed countries is likely to augment market growth, as old age people tend to suffer from various health issues. Therefore, a huge populace base of the geriatric population is anticipated to contribute to a significant market expansion in the ensuing years.

Tele Intensive Care Unit (ICU) Market: COVID 19 Impact

 The COVID-19 pandemic is spreading across the globe, and advanced methods are needed to treat the severely affected patients. Telemedicine is among the latest technologies receiving a lot of attention during the current pandemic. Numerous initiatives and steps have been taken by various government agencies as well as market players involved in tele ICU which in turn is expected to propel the market's growth.

In July 2020, physician anaesthesiologists of the New Hampshire Society of Anaesthesiologists (NHSA) created a Tele-intensive Care Unit (Tele-ICU) hub that is intended to work with doctors in rural hospitals to ensure that patients infected across the state receive the best critical expert care for free, while being treated within Chicago.

In August 2020, Advanced ICU Care launched the comprehensive tele-ICU services in partnership with the CentraState Medical Center in New Jersey. In light of these aspects, this pandemic is expected to have a positive impact on the industry examined.

Tele Intensive Care Unit (ICU) Market: Segmentation Analysis

 Tele Intensive Care Unit (ICU) Market based on model type
• Centralized Models
• Decentralized Models
• Others

 The centralized market was accounted for capturing a high market share of 52.5% in 2017 and is anticipated to showcase similar expansion trends over the forecast duration.

 Top Key Players:-

  • Advanced ICU Care
  • Koninklijke Philips N.V.
  • UPMC
  • TeleICUCare
  • Eagle Telemedicine
  • Apollo Tele Health Services
  • SOC Telemed
  • INTeleICU
  • Hicuity Health
  • Eagle Telemedicine
  • iMDsoft
  • Inova
  • Teladoc Health Inc.
  • Banner Health
  • Ceiba Healthcare
  • CLEW Medical Ltd
  • VeeMed
  • Philips N.V.
  • Intercept Telemed
  • Cloudphysician Healthcare Pvt. Ltd

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Frequently Asked Questions (FAQ):

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