The global tele-intensive care unit market size is anticipated to reach USD 9.55 billion by 2030 and it is projected to grow at a CAGR of 15.0% from 2024 to 2030, according to a new study by Grand View Research, Inc. The growing prevalence of chronic conditions, coupled with reduced ICU complication rates and reduced length of stay, are the major factors driving the global tele-intensive care unit (ICU) market. Chronic diseases such as respiratory diseases, and infectious diseases have increased the requirement for tele-ICU market. For instance, according to the American Lung Association, in 2022, 4.6% of adults, or 11.7 million people in the U.S. diagnosed with COPD. Furthermore, during the COVID-19 pandemic, the tele-intensive care unit provided a measure for safe social distancing in chronic disease management, further avoiding the risk of cross-infection between patients. Thus, rise in prevalence of chronic diseases propels the market growth.
Moreover, technological advancements, remote patient monitoring, and rising geriatric population are other factors fueling market expansion. For instance, in August 2022, Hicuity Health announced a partnership with MUSC Health Columbia Medical Center by introducing telehealth -ICU care at MUSC Health Columbia Medical Cente r. In addition, in the U.S., population aged 65 or above is expected to be more prone to health-related issues, which has led to an increased hospitalization rate in this age group, leading to surgeries and the use of telehealth units. Thereby, growing prevalence of chronic conditions and the increasing geriatric population has led to the rising requirement for advanced healthcare facilities, further increasing the requirement for tele-intensive care units.
Furthermore, key participants are engaged in strategies such as mergers & acquisitions, partnerships, agreements, collaborations, and product launches among others to expand their global footprints and product portfolio. For instance, in April 2023, Caregility launched AI-enhanced hybrid care solutions, a new portfolio developed on Caregility Cloud, its KLAS virtual care platform. Caregility Cloud is a telehealth foundation that helps with advanced video and audio streaming technologies in modernizing care delivery . The innovative clinical programs built on the platform include tele-intensive care unit services, continuous patient observation, virtual nursing, and virtual visits.
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Based on component, the hardware segment held the largest revenue share of 66.2% in 2023, owing to rising technological advances, and increasing adoption of digital health and telehealth
Based on type, the open-with-consultants segment dominated the market in 2023, due to its deployment in many tele-intensive care unit software and high efficiency
North America dominated the market with a revenue share of 43.0% in 2023 and is anticipated to grow lucratively CAGR during the forecast period. Factors such as presence of advanced IT infrastructure, high-speed internet connectivity, and robust communication networks are propelling growth in the region
Grand View Research has segmented the global tele-intensive care unit market based on component, type, and region.
Tele-intensive Care Unit Component Outlook (Revenue, USD Million, 2018 - 2030)
Hardware
Computer System
Communication Lines
Physiological Monitors
Therapeutic Devices
Video Feed
Display Panels
Software
Tele-intensive Care Unit Type Outlook (Revenue, USD Million, 2018 - 2030)
Intensivist
Co-managed
Open
Open With Consultants
Others
Tele-intensive Care Unit Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Norway
Denmark
Sweden
Asia Pacific
Japan
China
India
Thailand
Australia
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
List of Key Players in the Tele-intensive Care Unit Market
Koninklijke Philips N.V.
Inova
Banner Health
iMDsoft
InTouch health
UPMC Italy
INTELEICU
Tele-ICU
VISICU
Hicuity Healt
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