Market Research

Tele-Intensive Care Unit Market Business Growing Strategies, Technological Innovation And Emerging Trends Of Outlook To 2025

Jun 10, 2020 1:00 PM ET

iCrowd Newswire – Jun 10, 2020

Telehealth uses innovative technologies, such as kiosks, website monitoring applications, mobile phone applications, wearable devices, and videoconferencing, to remotely connect health care providers to patients. In the framework of European law telemedicine is a health service and an information service, therefore, both regulations apply. In what concerns healthcare and the practice of medicine there are no uniform regulations at the European level. However, many issues still lack uniform regulation, mainly the domain of medical liability. Probably such standardization will never take place, since the European Union does not have, until now, a common set of norms regarding tort and criminal liability, much less specific legal norms on medical liability. These gaps may jeopardize a truly European market in health services and hamper the development of telemedicine in the European zone.

The global tele-intensive care unit market is expected to reach US$ 7,363.3 Mn in 2025 from US$ 1,541.8 Mn in 2017. The market is estimated to grow with a CAGR of 22.5% from 2018-2025

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The major players operating in the tele-intensive care unit market include, InTouch Technologies, Inc., Advanced ICU Care, Koninklijke Philips N.V., Ceiba-TeleICU, Banner Health, TeleICUCare, Eagle Telemedicine, Apollo Tele Health Services, SOC Telemed, INTeleICU and among others. The market players are focused towards bringing new and innovative product launches to sustain their position in the market. For instance, in July 2018, Royal Philips launched Japan’s first telemedicine intensive care (eICU) program at Showa University Hospital and Showa Koto Toyosu Hospital, designed to help improve the outcomes of high risk patients and advancing the globalization of critical care.

Global tele-intensive care unit market, based on the type is segmented as, centralized, decentralized, and others. In 2017, the centralized segment witnesses the largest market share. Additionally, the decentralized segment is anticipated to grow at fastest growing rate during the forecast period.

Global tele-intensive care unit market is expected to grow in the coming years, owing to the factors such as, rising demand for remote patient monitoring, growing government initiatives for telemedicine and increasing ICU admissions and shortage of intensivists. However, the regulatory barriers for telemedicine and high cost of treatment and expensive set-up act as a restraint for this market. On the other hand, the development of tele-ICU in neurology and cardiology is likely to add novel opportunities for tele-intensive care unit market, in the coming years.

The use of telemedicine to permit the remote monitoring of ICU patients and management of their care by specialty-trained clinicians is a growing trend in the U.S. health care system. The use of tele-ICU’s was prompted by the finding that the care of ICU patients by dedicated intensivists improves both patient and cost outcomes. With the help of a centralized remote patient monitoring center have the ability to consolidate and standardize care, reduces transfer while maximizing the bed utilization, and support onsite staff. This decreases costs while enhancing revenues, patient flow, and capacity management across the system. Thus, convenient approach for both the healthcare providers as well as the patients with the help of tele-intensive care unit solutions are expected to promote the growth of the market over the forecast years.

Intensive care unit (ICU) telemedicine is an innovative method for providing critical care services from a distance. Telemedicine improves ICU outcomes by increasing access to the expertise of dedicated intensivist physicians, facilitating early recognition of physiological deterioration, and prompting bedside providers to implement routine evidence-based practices. The tele-ICU are located in remote or rural areas where safe and efficient transfer of patients to regional centers for advanced critical care presents difficulties. The command center communicates with the help of voice with the remote ICU personnel and can receive televised pictures and clinical data about the patients. The direct patient care is provided by the doctors and nurses in the remote ICU who do not have to be intensivists themselves. Tele-ICUs offer a solution to this problem by enabling a relatively small number of intensivists to oversee the care of a large number of ICU patients. Tele-ICU not only aids a critical role in the effective regional management of ICUs, but completely impacts the healthcare system.

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Keywords:    Tele-Intensive Care Unit Market, Tele-Intensive Care Unit