Tele-ICU Services Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: INTeleICU, Inova, TeleICU, VISICU

The global Tele-ICU Services market size is expected to grow USD 6.9 billion by 2027, at a CAGR of 16.9% over the forecast period.

Tele-ICU Services Market Overview

The tele-intensive care unit industry is computerized and linked by new technology, allowing connectivity in different hospitals regardless of distance. The tele-ICUs are outfitted with cutting-edge clinical resources that allow the critical care team to monitor the patients utilizing real-time audio, visual, and electronic means. Some of the main factors propelling the growth of the tele-intensive care unit market are the ageing population and the rise in critical illness rates. The growing demand for remote patient monitoring, combined with technology advancements, is driving the expansion of the tele intensive care unit (ICU) market. According to data from the National Institutes of Health (NIH), 8.5% of the world's population, or 617.0 million people, were over the age of 65 in 2016.

Some of the key drivers of the tele-intensive care unit sector are the economic effects and costs of intensive care delivery systems using potential resources. The industry's main drivers are thought to be the lower follow-up expenses for ICU survivors, the improved quality of care provided, and long-term care facilities. The industry for tele-intensive care units is thought to be primarily driven by the higher installation costs relative to the savings per patient and the decrease in mortality.

Industry News and Updates

Jul 08, 2020: U.S. Department of Veterans Affairs selects Philips to create world’s largest tele-critical care system, further integrating tele-health and delivering quality care for veterans--

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the U.S. Department of Veterans Affairs (VA) has awarded a contract to Philips to expand VA’s tele-critical care program, creating the world’s largest system to provide veterans remote access to intensive care expertise, regardless of their location. The ten-year contract, which enables VA to invest up to $100 million with Philips for tele-critical care technology and services, leverages Philips history of innovation, including research into technologies that can better support veterans, telehealth, tele-critical care (eICU), diagnostic imaging, sleep solutions and patient monitoring.

What are the major Applications, Types and Regions for Tele-ICU Services Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Hardware


• Software

By Application, it is segmented into

• Hospitals


• Specialty Clinics


• Others

Tele-ICU Services Market Regional Analysis

The Tele-Intensive Care Unit (ICU) market in the United States is expected to be worth $708.1 million by 2020. The second-largest economy in the world, China, is anticipated to grow at a 15.7% CAGR from 2020 to 2027 to reach a projected market size of US$1.2 billion. Japan and Canada are two more notable geographic markets, with growth rates of 14.4% and 14%, respectively, predicted for each for the years 2020–2027. Germany is anticipated to expand within Europe at a rate of about 12% CAGR. North America currently has the biggest market share in the tele-intensive care unit sector, and the region is anticipated to develop throughout the forecast period as a result of the presence of major market players and the rising uptake of cutting-edge technology. Furthermore, countries such as North America and Europe have a greater number of intensive care units with well-equipped software and hardware components. Additionally, because of the improving economic climate, the regions are investing heavily in research and updating their research facilities.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Tele-ICU Services Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tele-ICU Services Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Tele-ICU Services Market report scope?

Key Takeaways from this Tele-ICU Services Market Report

• Evaluate Tele-ICU Services market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Tele-ICU Services market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Tele-ICU Services Market?

The Tele-ICU Services Market is growing at a CAGR of 16.9% over the next 5 years.

Who are the key players in Tele-ICU Services Market?

INTeleICU, Inova, TeleICU, VISICU, Advanced ICU Care, InTouch Technologies Inc., Koninklijke Philips NV, SOC Telemed, Eagle Telemedicine, UPMC, iMDsoft, Banner health, Apollo Tele Health Services, CEIBA-TELEICU, Cloudbreak Health, Eagle Telemedicine

What are the significant types of Tele-ICU Services Market?

Hardware, Software

What are the major end-use applications of Tele-ICU Services Market?

Hospitals, Specialty Clinics, Others

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.