The global tele-ICU market is expected to reach USD 5.8 billion by 2024, according to a new report by Grand View Research, Inc. The reduction in ICU complications with the implementation of tele-ICU has fostered the demand for tele-ICU systems. The real-time monitoring and alarms systems assist clinicians to avoid vital sign deviations and reduce associated complications.
Tele-ICU enables real-time access to the patients’ health records and increases clinical decision time, improving the overall healthcare delivery. This in turn boosts the demand for the tele-ICU service.
An important advantage associated with the implementation of tele-ICU system is the reduction in the length of the hospital stay. This reduces the overall costs incurred by patients, thus supporting the growth of tele-ICU systems.
Additionally, the rising geriatric population base and the increasing prevalence of chronic conditions, such as cancer, neurological, and other disorders,arefueling the usage of remote intensive care environment. The geriatric population is highly susceptible to these disorders. Monitoring chronic conditions in real time facilitates faster recovery. As the geriatric population is the key target population, the usage rate of tele-ICU market systems is anticipated to catapult over the forecast period.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/tele-intensive-care-unit-icu-market
Further key findings from the study suggest:
·
Hardware components held a revenue share of
around 80.0% in 2015. A greater volume of hardware components along with high
associated costs have contributed to their growth in the tele-ICU market.
·
On the other hand, software components are
projected to witness a lucrative growth over the forecast period. Upgrading the
software periodically helps in increasing the efficiency and supports the
increasing demand.
·
The market based on types is divided into
intensivist, open, open with consultants, and co-managed. The open with
consultant model held a substantial share in 2015. The scarcity of intensivist
led to the expansion of the open with consultant model.
·
On the contrary, an intensivist model of care is
likely to witness a remunerative growth over the forecast period. The
sufficient availability of critical care staff over the forecast period is
anticipated to contribute towards this segment’s growth.
·
North America dominated this marketin 2015.
Favorable infrastructure, geriatric population, and rising prevalence of
chronic disorders governed the growth of tele-ICU service in this region.
·
Asia Pacific is anticipated to witness a sturdy
growth over the forecast period. The key factors anticipated for the growth in
the Asia Pacific region are economic developments, unmet needs of a large
population base, supportive government initiatives to improve healthcare
system, and booming electronic device industry
·
Some key vendors of tele-ICU include advanced
ICU care, Banner Health, inTouch health, Philips, iMDsoft, UPMC Italy,
INTELEICU, Tele ICU, INOVA, and VISICU. Partnerships with hospitals and
collaborations with software and hardware vendors are the notable initiatives
in this market.
·
For instance, in May 2014, InTouch Health
broadened its acute and intensive care offerings by launching the
FDA-approved application for iPad. This initiative helped the company to
enrich its portfolio in critical care.
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Grand View Research has segmented the global tele-ICU market on the basis of type, products, and region:
Global Tele-ICU Market By Component (USD Million), 2013 - 2024
·
Hardware
o
Computer System
o
Communication Lines
o
Physiological Monitors
o
Therapeutic Devices
o
Video Feed
o
Display Panels
·
Software
Global Tele-ICU Market By Type (USD Million), 2013 - 2024
·
Intensivist
·
Co-Managed
·
Open
·
Open With Consultants
Tele-ICU Market By Region (USD Million), 2013 - 2024
·
North America
·
U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
Japan
·
China
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
South Africa
·
Saudi Arabia
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