Tele-Intensive Care Unit (ICU) Market
Scenario
Tele-Intensive Care
Units (ICU) are advanced systems used for the treatment of critically ill
patients by using off-site clinical resources. It is a part of telemedicine
which is used for the exchange of medical information for conducting various
medical activities such as monitoring, treatment, and rehabilitation.
The Global Tele-Intensive Care Unit (ICU) Market Size is accounted for USD 1820 Million in
2018 and expected to register 16.4% CAGR during the forecast period
(2019–2024).
The rising prevalence
of chronic disorders such as cancer, increasing geriatric population,
technological advancements in the healthcare sector and increasing cases of
patients affected by neurological disorders across the world are expected to
drive the growth of the market. For instance, according to the Centers for
Disease Control and Prevention (CDC), In the year 2016, more than 10.4 million
cases of tuberculosis were registered in the world, and 1.7 million deaths
occurred due to tuberculosis in the year 2016. Moreover, rising R&D
spending and aggressive strategies adopted by the top players, such as new
product launches, are contributing to the growth of the market.
The lack of adequate
reimbursement policy and high costs involved in the establishment of these
centers may hamper the growth of the market during the assessment period.
Tele-Intensive Care Unit (ICU)
Market Segmentation
The global Tele-Intensive Care Unit
(ICU) market has been segmented on the basis of component and type of
management.
On the basis of component, the market
has been classified as hardware and software. The market, by hardware, has been
further segmented into the computer system, communication lines, physiological
monitors, therapeutic devices, video feeds, and others.
Based on the type of management, the
market has been segmented into intensivist, open, co-managed, open with a
consultant, and other types of management.
The market
has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the
Middle East & Africa. The Tele-Intensive Care Unit (ICU) market in the
Americas has further been segmented into North America and South America, with
the North American market divided into the US and Canada.
The European
Tele-Intensive Care Unit (ICU) market has been segmented into Western Europe
and Eastern Europe. Western Europe has further been classified as Germany,
France, the UK, Italy, Spain, and the rest of Western Europe.
The Tele-Intensive
Care Unit (ICU) market in Asia-Pacific has been segmented into Japan, China,
India, South Korea, Australia, and the rest of Asia-Pacific. The Tele-Intensive
Care Unit (ICU) market in the Middle East & Africa has been segmented into
the Middle East and Africa.
Tele-Intensive Care Unit (ICU) Market Company
Profiles
- SOC Telemed
- Intouch
Technologies, Inc.
- Koninklijke
Philips N.V.
- Advanced
Icu Care
- UPMC
- Banner
Health
- Teleicucare
- Eagle
Telemedicine
- Apollo
TeleHealth Services
- Inteleicu
- Others
Tele-Intensive Care Unit (ICU) Regional Market
Summary
The Americas are likely to dominate the global
Tele-Intensive Care Unit (ICU) market owing to the technological advancements
related to healthcare in the region, the surge in cases of chronic disorders,
and an increasing number of hospitals in the regions. According to the report
published by the American Hospital Association, more than 5200 community
hospitals were present in the US in the year 2018, out of which 3,387 belongs
to urban areas, and 1875 were from rural areas.
The European market is expected to be the second-largest
Tele-Intensive Care Unit (ICU) market. The market growth in this region can be
attributed to the increasing demand of healthcare systems which can provide
real-time data, rising cases of neurological disorders in the European region,
and government funding and support of the healthcare sector along with the
increasing research and development. Moreover, favorable reimbursement policies
in European countries are contributing to the growth of the market in this
region. According to the European Academy of Neurology, neurological disorders
are increasing in Europe, and in the year 2017, more than 220 million European
population was affected by neurological complications.
Asia-Pacific is expected to be the
fastest-growing Tele-Intensive Care Unit (ICU) market during the forecast
period owing to the increasing geriatric population, rising investments in
healthcare, and expansions by market players in the region. Also, countries
such as India and China are considering the fastest growing region due to the
presence of a huge patient population. Moreover, the government of these
countries is open to adopting new technology and the best treatment option from
a developed country.
The market in the Middle East & Africa is
expected to account for the smallest share of the global Tele-Intensive Care
Unit (ICU) market due to an underdeveloped healthcare sector, lack of technical
knowledge, and poor medical facilities.
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