The Global Tele-Intensive Care Unit (ICU) Market size is estimated to reach USD 6.87 billion by 2027from USD 2.26 billion in 2019, delivering a CAGR of 14.8%. Growth in the aging population across the globe, limited availability of the highly skilled intensive or critical care providers, physicians, and nurses, along with growing demand for an alternative to the physical hospital-based ICUs, are the key factors driving tele-intensive care unit market growth.
A tele-intensive care unit enables offsite clinicians to interact with bedside staff to consult on patient care. Telemedicine benefits involve nurse practitioners, ICU nurses, physicians, and other healthcare professionals to intervene from remote locations to offer patient monitoring.
The outbreak of COVID-19 has created a massive disruption in the flow of the healthcare industry. Most of the hospitals are converting into special units for managing a huge number of patients affected by the novel coronavirus. The number of positive cases is still on the rise, creating a massive shortage of ICU-beds. However, tele-ICUs have been proven highly effective and beneficial in the current crisis, where more and more healthcare providers have started adopting the technology to provide patient care.
Increasing incidence of chronic and infectious diseases, implementation of Tele-ICU units, the proliferation of the internet availability along with the innovations in the healthcare software analytics and consumer electronics are the key factors that will positively impact tele-ICU market growth over the forecast period.
Top Companies Profiled in the Report Include:
Apollo Tele Health Services, Koninklijke Philips N.V., Advanced ICU Care, UPMC, Banner Health, Eagle Telemedicine, TeleICUCare, SOC Telemed, INTeleICU, and InTouch Technologies, Inc.,
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Market Overview:
The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.
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The report has gather vital information about recent mergers and acquisitions, joint ventures, collaborations, partnerships, brand promotions, RD activities, and government and corporate deals, among others through extensive primary and secondary research. The report also offers detailed analysis of each competitor along with their financial standing, global market position, product portfolio, manufacturing and production capacity, and business expansion plans.
The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Tele-Intensive Care Unit (ICU) market in these key regions.
Country-wise regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Additionally, the report consists a detailed analysis of the segmentation of the Tele-Intensive Care Unit (ICU) market based on product types and end-use/application offered in the Tele-Intensive Care Unit (ICU) market.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Surgical Robots
- Rehabilitation Robots
- Emergency Response Utility Robots
- Others
Component Outlook (Revenue, USD Billion; 2017-2027)
- Hardware
- Software
Type of ICU Outlook (Revenue, USD Billion; 2017-2027)
- Traditional Medical ICU (TMICU)
- Cardiac Care Unit (CCU)
- Neonatal ICU (NICU)
- Pediatric ICU (PICU)
- Trauma ICU (TICU)
- Psychiatric ICU (PICU)
- Post-Anesthesia CU (PACU)
- High-Dependency Unit (HDU)
- Others
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