Tele Intensive Care Unit Market is Anticipated to Reach USD 9.05 Billion by 2028
The market size of the Tele Intensive Care Unit Market is expected to grow from USD 9.05 Billion in 2021 to USD 9.05 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 16.1% over the period 2022-2028. The Tele Intensive Care Unit uses telemedicine in the intensive care unit (ICU), which uses technology to provide intensive care to outpatient patients. The Tele Intensive Care Unit system integrates computer systems that collect patient data and transmit it from a remote ICU to a doctor in a remote area through a command center. Data collected and transmitted through the ICU system include the patient's physical condition, treatment, and medical records.
The growing number of adults worldwide and the growing need for remote monitoring serve as a catalyst for the Tele Intensive Care Unit Market. The increased popularity of these services with features such as real-time monitoring and remote access to patient data and the benefits offered include reduced clinical decision time and helps effective healthcare delivery as it accelerates the growth of the Tele Intensive Care Unit Market. Increased use of these systems to improve patient care, the high rate of recovery due to reduced length of hospital stay, and the number of surgeries requiring intensive care have an impact on the Tele Intensive Care Unit Market. The rise in the number of chronic diseases among people such as cancer and mood disorders, and the growing use of medical equipment in the ICU also stimulates the Tele Intensive Care Unit Market. In addition, global population growth, rising awareness, rising healthcare costs and improving healthcare infrastructure are positively affecting the Tele Intensive Care Unit Market. However, the regulatory barriers to telemedicine as well as the high cost of treatment and expensive initial setups are likely to have a negative impact on market growth in the coming years. Technological advances in medical facilities amplify the lucrative opportunity for players in the Tele Intensive Care Unit Market.
Based on the type of management, the Tele Intensive Care Unit Market includes intensivist, open, co-managed, open with a consultant, among other types of management. The intensivist model uses a full-time patient care specialist to handle the Tele Intensive Care Unit system. In this model, patient problems are handled directly. The intensivist model provides effective clinical decisions to deal with any problems. The availability of intensivists is expected to increase during the forecast period, thus furthering partial growth. However, the shortage of qualified personnel reduces universal acceptance.
On the basis of regional analysis, the global Tele Intensive Care Unit Market is categorized in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The North America is expected to lead the Tele Intensive Care Unit Market during the forecast period. Economic development in developing countries, such as China, South Korea, and India, coupled with a large population target and good government programs to improve the healthcare system is expected to contribute to regional market growth. In addition, strengthening medical device electronics, especially remote machine-compatible devices, is expected to support regional growth.
Key players of the Global Tele Intensive Care Unit Market include Inova (US), INTeLeICU (India), InTouch Technologies Inc. (US), Koninklijke Philips NV (Netherlands), Advanced ICU Care (US)..