Chicago, Sept. 21, 2022 (GLOBE NEWSWIRE) -- According to Arizton’s latest research report, tele-intensive care unit (ICU) market is expected to grow at a CAGR of around 20% during 2022-2027. Over the years, ICUs have become sophisticated, virtual, and silent with less equipment & wires and cables to connect. Special cameras and simple wireless biosensor systems are being used in ICUs to monitor patients.
The alarming rise in the global population has posed significant challenges in providing essential care during emergencies. The availability of expert critical care practitioners may decline substantially in the coming years. Thus, the adoption of advanced healthcare technologies can address the shortage of critical care personnel in the coming years. Most hospitals worldwide are expected to adopt various cutting-edge technologies in the next 20 or 30 years, which will minimize the requirements for human intervention in ICU environments.
In developed countries, several telehealth providers responded to the COVID-19 pandemic by launching tele-ICU solutions. Since the COVID-19 outbreak, telehealth and related virtual healthcare services have grown rapidly in popularity, allowing hospitals and other healthcare facilities to respond to urgent cases that need critical care. Additionally, tele-ICU solutions have increased the capacity of real-time patient care.
Global Tele-ICU Market Report Scope
| Report Attributes | Details | |
| MARKET SIZE (2027) | $6.3 Billion | |
| MARKET SIZE (2021) | $2.1 Billion | |
| CAGR (2022-2027) | 20% | |
| BASE YEAR | 2021 | |
| FORECAST YEAR | 2022-2027 | |
| MARKET SEGMENTS | Model, Component, Patient Group, and Hospital Type | |
| GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa | |
| COUNTRIES COVERED | US, Canada, Germany, France, UK, Italy, Spain, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, Turkey, Saudi Arabia, South Africa, and UAE | |
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The alarming rise in the global population has posed significant challenges in providing essential care during emergencies. The availability of expert critical care practitioners may decline substantially in the coming years. Thus, the adoption of advanced healthcare technologies can address the shortage of critical care personnel in the coming years. Most hospitals worldwide are expected to adopt various cutting-edge technologies in the next 20 or 30 years, which will minimize the requirements for human intervention in ICU environments. The tele-ICU solutions are powered by advanced patient monitoring and digital connectivity solutions, which have enabled them to redefine the current operational ecosystem. For instance, the adoption of tele-ICU solutions has streamlined personnel structure and critical care guidelines in ICUs. Also, tele-ICU solutions have enabled ICUs to evolve into smart, virtual, and silent critical care units with less noticeable apparatus.
Key Insights
- The acute shortage of intensivists in ICUs worldwide has encouraged vendors to fulfilling the gap by providing remote intensivist services.
- Key vendor partnerships and strong IT capabilities are major growth drivers for key vendors. Collaborations between hardware and software vendors have enabled tele-ICU solution providers to expand their market presence by providing a wide range of solutions through advanced platforms.
- The COVID-19 outbreak has increased the adoption of tele-ICU solutions worldwide. However, the rules and regulations implemented during the pandemic must be made applicable over the long term to increase the adoption of tele-ICU solutions.
- The focus on the introduction of new features and expanding services into new segments will enable vendors to achieve high sales growth.
- The COVID-19 outbreak has drastically impacted the traditional healthcare market, and therefore, telehealth is seen as the best alternative during the ongoing pandemic to enhance access to critical healthcare services.
- Mergers, acquisitions, and partnerships are further increasing the competitiveness in the global tele-ICU market.
Competitive Landscape
Numerous vendors are creating and implementing sophisticated consumer engagement strategies, integrating technology platforms, establishing high-quality provider networks, and entrenching distribution channels. Such initiatives will allow these vendors to establish a strong brand identity, forge strong client relationships, and position themselves as the top suppliers of telehealth platforms on the international market. GE Healthcare, Koninklijke Philips, Teladoc, and Hicuity Health are some of the well-established players in the market. Koninklijke Philips is among the market leader with the largest product & service portfolio and broader customer base. Other players such as Apollo Telehealth, SOC Telemed, Tntercept Telemed, and Eagle Telemedicine have a significant share in the regional market and focus on continuous expansion in the market. Thus, such factors will further intensify the competition in the global market.
Key Vendors
- Apollo TeleHealth
- Eagle Telemedicine
- GE Healthcare
- Hicuity Health
- Intercept Telemed
- Koninklijke Philips
- SOC Telemed
- Teladoc health.
Other Prominent Vendors
- Avel eCare
- Ceiba Health
- CLEW
- Cloudphysician
- CritiNext
- iMDsoft
- RemoteICU
- Sri Laxmi Kravia Techlabs
- VeeOne Health
- eNext ICU
- Inova
- T-ICU
Market Segmentation
Model
- Centralized Tele-ICU
- Decentralized Tele-ICU
- Hybrid Tele-ICU
Component
- Hardware
- Service
- Software
Patient Group
- Adult Patients
- Neonatal & Pediatric Patients
Hospital Type
- System Affiliated Hospitals
- Independent Hospitals
Geography
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- South Africa
- UAE
Explore our healthcare lifesciences profile to know more about the industry.
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