Tele-Intensive Care Unit Market: Information by Type (Centralized Model, Decentralized Model), Component (Hardware, Software), and Region— Forecast till 2029

May 06, 2020   Tele-intensive care enables off-site clinicians to interact with hospital staff to consult on patient care. One care team can manage a colossal number of geographically dispersed ICU locations to exchange health information electronically. Tele-intensive care unit increases patient outcomes and provides standardized treatment at lower costs. In the U.S., development in the healthcare system has enabled the country to offer advanced tele-intensive care with specialty-trained clinicians. The tele...
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Report Description

Tele-intensive care enables off-site clinicians to interact with hospital staff to consult on patient care. One care team can manage a colossal number of geographically dispersed ICU locations to exchange health information electronically. Tele-intensive care unit increases patient outcomes and provides standardized treatment at lower costs. In the U.S., development in the healthcare system has enabled the country to offer advanced tele-intensive care with specialty-trained clinicians.

The tele-intensive care unit market was valued at USD 2,861.29 million in 2019 and is expected to grow with a CAGR of 17.2 % during the forecast period.

Tele-Intensive-Care-Unit-Market

Unavailability of Specialized Critical Care Facilities in Remote Areas

Telemedicine Intensive Care Unit (ICU) is a groundbreaking tool for remotely accessing critical care services. Telemedicine enhances ICU outcomes by increasing access to committed intensivist physicians, promoting early detection of clinical worsening, and encouraging bedside providers to adopt standardized evidence-based practices. The tele-ICU is located in remote and rural areas with the unavailability of specialized critical care facilities. The command center interacts with remote ICU staff and provides broadcast pictures and patient clinical data. The doctors and nurses at the remote location provide direct patient care.

Tele-Intensive-Care-Unit-Market-Growth

Rising demand for remote monitoring and increasing geriatric population drives the market growth. As per the data provided by the World Health Organization (WHO), the global population aged 60 and above is projected to reach about 2 billion by 2050. Governments across the globe are channelizing efforts to provide tele-intensive care with continuous real-time monitoring and remote access to patient data in order to provide effective delivery of healthcare with a shortened hospital stay.

Telemedicine: A Quintessential Solution to Address COVID-19

Globally, the countries are under lockdown in order to limit the spread of the coronavirus. Telemedicine is considered as a quintessential solution to address the global emergency, COVID-19, by restricting patient migration to clinics, allocating hospital resources to critical cases, while curbing the spread of the disease. Companies like PlushCare and EverlyWell plan to release at-home COVID-19 testing kits; similarly, Doctor on Demand and HeyDoctor are providing free coronavirus risk assessments. Additionally, robots are deployed by some of the developed countries to monitor infected patients to limit contact with medical personnel, deliver medical supplies, and disinfect the quarantine wards.

The introduction of innovative telehealth technologies has enabled the doctors to extend their scope, while quarantined, with the ability to examine and treat more patients remotely in a shorter time frame, further reducing the hospital visits. In March 2020, the Health Ministry of India approved the use of telemedicine to treat patients with coronavirus. The Centers for Disease Control and Prevention (CDC) in the U.S. and the National Health Service in the U.K. have recommended the use of telemedicine to identify high-risk patients and treat other illnesses during the outbreak.

Tele-Intensive Care Unit Market: Segmentation

Therapeutic Devices to Bridge the Gap between Small and Large Hospital Chains

The therapeutic devices segment holds the largest market share due to its high success rates for critical care patients. Therapeutic devices bridge the gap between small and large hospital chains and provide higher quality treatment. Today, neurological/cancer tests, examinations, and treatments are available in the remotest areas across the globe due to the advent of therapeutic devices. In the last decade, engineers and clinicians have been able to perform several heart and brain indications, such as stroke therapy, using robotic tools. The tele-ICU therapeutic devices have the ability to help clinicians and caregivers to enhance post-acute treatment, particularly ICU patients.

Centralized Model Segment to Witness Lucrative Growth

The centralized model segment is expected to witness lucrative growth during the forecast period. The segment is backed by the presence of an intensive care specialist that manages the tele-ICU program. The intensivist approach provides successful treatment options to avoid any complications. Tele-ICU offers patient care by a centralized critical care team, often based in a remote location through continuous two-way interaction with the ICU team and patients, utilizing audiovisual computer and communications systems. The segment is projected to witness a profitable growth in the coming years as organizations are now seeking to implement a centralized delivery model without the upfront investment in resources and infrastructures.

Regional Overview

The emergence of Prominent Tele-Health Service Providers to Drive North America’s Market Growth

North America leads the tele-intensive care unit market as the region possesses robust IT infrastructure and exceptional internet connectivity. Additionally, the emergence of prominent tele-health service providers and growing usage of remote monitoring tools bolster the regional market growth. In the U.S., the advent of new technologies and their rapid adoption have transformed the healthcare sector. The regional market’s most prominent drivers are the increasing healthcare spending and rapid growth of the geriatric population. The geriatric population are highly susceptible to a myriad of diseases, further prompting the need for intensive care units with better treatment facilities.

Government Initiatives to Drive Asia-Pacific’s Tele-Intensive Care Unit Market

Asia-Pacific’s tele-intensive care unit market is projected to witness the fastest growth during the forecast period due to favorable government policies. The region houses the largest geriatric population suffering from several chronic diseases, further rising the need for tele-intensive care units. Rapidly expanding electronic device industries, particularly human interface devices, bolsters the market growth. Additionally, the government and public-private organizations are actively working to incorporate telemedicine in the healthcare system. For instance, in Australia, Philips, Emory Healthcare and Royal Perth Hospital collaborated in 2018 to launch a new remote intensive care monitoring system focused on enhancing high-risk patient outcomes and fostering critical care.

Key Players

  • Advanced ICU Care
  • Inova
  • Banner Health
  • Philips (Visicu)
  • iMDsoft
  • InTouch health
  • UPMC Italy
  • INTeleICU
  • Apollo TeleHealth Services
  • TeleICU

Recent Developments

  • In August 2019, Dartmouth-Hitchcock launched its new Tele-Intensive Care Unit in Lebanon. The TeleICU team works with bedside physicians in remote hospitals to provide real-time treatment, assistance, supervision, and clinical consultations to provide close-by-home care.
  • In June 2018, InTouch Health and NTT Data Services collaborated to provide a turnkey solution for virtual care that helps healthcare organizations to increase access to healthcare services, improve care delivery, and reduce costs.
  • In January 2018, Florida New Smyrna Hospital collaborated with Advanced ICU Care to provide tele-ICU services to medically admitted critically ill patients.

Tele-Intensive Care Unit Market Segmentation

By Type

  • Centralized model
  • Decentralized model

By Component

  • Hardware
    • Computer system
    • Communication lines
    • Physiological monitors
    • Therapeutic devices
    • Video feed
    • Display panels
  • Software

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central andSouth America and the Caribbean
  • The Middle East and Africa

Frequently Asked Questions (FAQs)

The tele-intensive care unit market was valued at USD 2,861.29 million in 2019 and is expected to grow with a CAGR of 17.2 % during the forecast period.
Therapeutic Devices Segment is expected to be the leading segment in Tele-Intensive Care Unit Market during the forecast period.
North America is expected to hold the highest market share in Tele-Intensive Care Unit Market.
Advanced ICU Care, Inova, Banner Health, Philips, iMDsoft, InTouch health, UPMC Italy, INTeleICU, Apollo TeleHealth Services, TeleICU are the top players in Tele-Intensive Care Unit Market.
In 2019 Global Tele-Intensive Care Unit Market was valued at USD 2,861.29 million.
Rising demand for remote monitoring and increasing geriatric population are the key factors expected to drive Tele-Intensive Care Unit Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
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Tele-intensive care enables off-site clinicians to interact with hospital staff to consult on patient care. One care team can manage a colossal number of geographically dispersed ICU locations to exchange health information electronically. Tele-intensive care unit increases patient outcomes and provides standardized treatment at lower costs. In the U.S., development in the healthcare system has enabled the country to offer advanced tele-intensive care with specialty-trained clinicians.

The tele-intensive care unit market was valued at USD 2,861.29 million in 2019 and is expected to grow with a CAGR of 17.2 % during the forecast period.

Tele-Intensive-Care-Unit-Market

Unavailability of Specialized Critical Care Facilities in Remote Areas

Telemedicine Intensive Care Unit (ICU) is a groundbreaking tool for remotely accessing critical care services. Telemedicine enhances ICU outcomes by increasing access to committed intensivist physicians, promoting early detection of clinical worsening, and encouraging bedside providers to adopt standardized evidence-based practices. The tele-ICU is located in remote and rural areas with the unavailability of specialized critical care facilities. The command center interacts with remote ICU staff and provides broadcast pictures and patient clinical data. The doctors and nurses at the remote location provide direct patient care.

Tele-Intensive-Care-Unit-Market-Growth

Rising demand for remote monitoring and increasing geriatric population drives the market growth. As per the data provided by the World Health Organization (WHO), the global population aged 60 and above is projected to reach about 2 billion by 2050. Governments across the globe are channelizing efforts to provide tele-intensive care with continuous real-time monitoring and remote access to patient data in order to provide effective delivery of healthcare with a shortened hospital stay.

Telemedicine: A Quintessential Solution to Address COVID-19

Globally, the countries are under lockdown in order to limit the spread of the coronavirus. Telemedicine is considered as a quintessential solution to address the global emergency, COVID-19, by restricting patient migration to clinics, allocating hospital resources to critical cases, while curbing the spread of the disease. Companies like PlushCare and EverlyWell plan to release at-home COVID-19 testing kits; similarly, Doctor on Demand and HeyDoctor are providing free coronavirus risk assessments. Additionally, robots are deployed by some of the developed countries to monitor infected patients to limit contact with medical personnel, deliver medical supplies, and disinfect the quarantine wards.

The introduction of innovative telehealth technologies has enabled the doctors to extend their scope, while quarantined, with the ability to examine and treat more patients remotely in a shorter time frame, further reducing the hospital visits. In March 2020, the Health Ministry of India approved the use of telemedicine to treat patients with coronavirus. The Centers for Disease Control and Prevention (CDC) in the U.S. and the National Health Service in the U.K. have recommended the use of telemedicine to identify high-risk patients and treat other illnesses during the outbreak.

Tele-Intensive Care Unit Market: Segmentation

Therapeutic Devices to Bridge the Gap between Small and Large Hospital Chains

The therapeutic devices segment holds the largest market share due to its high success rates for critical care patients. Therapeutic devices bridge the gap between small and large hospital chains and provide higher quality treatment. Today, neurological/cancer tests, examinations, and treatments are available in the remotest areas across the globe due to the advent of therapeutic devices. In the last decade, engineers and clinicians have been able to perform several heart and brain indications, such as stroke therapy, using robotic tools. The tele-ICU therapeutic devices have the ability to help clinicians and caregivers to enhance post-acute treatment, particularly ICU patients.

Centralized Model Segment to Witness Lucrative Growth

The centralized model segment is expected to witness lucrative growth during the forecast period. The segment is backed by the presence of an intensive care specialist that manages the tele-ICU program. The intensivist approach provides successful treatment options to avoid any complications. Tele-ICU offers patient care by a centralized critical care team, often based in a remote location through continuous two-way interaction with the ICU team and patients, utilizing audiovisual computer and communications systems. The segment is projected to witness a profitable growth in the coming years as organizations are now seeking to implement a centralized delivery model without the upfront investment in resources and infrastructures.

Regional Overview

The emergence of Prominent Tele-Health Service Providers to Drive North America’s Market Growth

North America leads the tele-intensive care unit market as the region possesses robust IT infrastructure and exceptional internet connectivity. Additionally, the emergence of prominent tele-health service providers and growing usage of remote monitoring tools bolster the regional market growth. In the U.S., the advent of new technologies and their rapid adoption have transformed the healthcare sector. The regional market’s most prominent drivers are the increasing healthcare spending and rapid growth of the geriatric population. The geriatric population are highly susceptible to a myriad of diseases, further prompting the need for intensive care units with better treatment facilities.

Government Initiatives to Drive Asia-Pacific’s Tele-Intensive Care Unit Market

Asia-Pacific’s tele-intensive care unit market is projected to witness the fastest growth during the forecast period due to favorable government policies. The region houses the largest geriatric population suffering from several chronic diseases, further rising the need for tele-intensive care units. Rapidly expanding electronic device industries, particularly human interface devices, bolsters the market growth. Additionally, the government and public-private organizations are actively working to incorporate telemedicine in the healthcare system. For instance, in Australia, Philips, Emory Healthcare and Royal Perth Hospital collaborated in 2018 to launch a new remote intensive care monitoring system focused on enhancing high-risk patient outcomes and fostering critical care.

Key Players

  • Advanced ICU Care
  • Inova
  • Banner Health
  • Philips (Visicu)
  • iMDsoft
  • InTouch health
  • UPMC Italy
  • INTeleICU
  • Apollo TeleHealth Services
  • TeleICU

Recent Developments

  • In August 2019, Dartmouth-Hitchcock launched its new Tele-Intensive Care Unit in Lebanon. The TeleICU team works with bedside physicians in remote hospitals to provide real-time treatment, assistance, supervision, and clinical consultations to provide close-by-home care.
  • In June 2018, InTouch Health and NTT Data Services collaborated to provide a turnkey solution for virtual care that helps healthcare organizations to increase access to healthcare services, improve care delivery, and reduce costs.
  • In January 2018, Florida New Smyrna Hospital collaborated with Advanced ICU Care to provide tele-ICU services to medically admitted critically ill patients.

Tele-Intensive Care Unit Market Segmentation

By Type

  • Centralized model
  • Decentralized model

By Component

  • Hardware
    • Computer system
    • Communication lines
    • Physiological monitors
    • Therapeutic devices
    • Video feed
    • Display panels
  • Software

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Central andSouth America and the Caribbean
  • The Middle East and Africa

Frequently Asked Questions (FAQs)

The tele-intensive care unit market was valued at USD 2,861.29 million in 2019 and is expected to grow with a CAGR of 17.2 % during the forecast period.
Therapeutic Devices Segment is expected to be the leading segment in Tele-Intensive Care Unit Market during the forecast period.
North America is expected to hold the highest market share in Tele-Intensive Care Unit Market.
Advanced ICU Care, Inova, Banner Health, Philips, iMDsoft, InTouch health, UPMC Italy, INTeleICU, Apollo TeleHealth Services, TeleICU are the top players in Tele-Intensive Care Unit Market.
In 2019 Global Tele-Intensive Care Unit Market was valued at USD 2,861.29 million.
Rising demand for remote monitoring and increasing geriatric population are the key factors expected to drive Tele-Intensive Care Unit Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.