Revolution of the Telecommunication Technology led to the Tele-Intensive Care Unit Flourish

Publisher: The Insight Partners

According to a new market research study titled ‘Tele-Intensive Care Unit Market to 2025 – Global Analysis and Forecasts by Type and Component, 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 2017-2025. The market is expected to grow due to the rising demand for remote patient monitoring, growing government initiatives for telemedicine and increasing ICU admissions and shortage of intensivists, are the major factors that anticipated to propel the growth for the tele-intensive care unit market in the forecast period. However, regulatory barriers for telemedicine and high cost of treatment and expensive set-up is expected to act as a major challenges hindering the market growth in the forecast period.

The last decade experienced huge developments in telecommunication technology, which in aggregate has propelled telemedicine into a more and more common role both in the in-hospital and out-of-hospital settings. Robotic tele-presence (RTP) is a form of mobile telemedicine that enables a direct face-to-face rapid response by the physician, instead of the traditional telephonic paradigm. Telemedicine adoption improved emergency cardiac care, and consensus guidelines have emphasized multiple time-based interventions to optimize patient outcomes. The development of the teleneuro and tele-stroke are vary new and advanced. The tele neuro is for the optimizing the diagnosis and treatment of the neurological emergencies. The various neurological emergencies are acute ischemic stroke and it requires extremely time sensitive and needs special diagnosis. The future of the telemedicine in teleneuro and telestroke has the promising application in the neuro critical-ICU. Therefore, the tele-intensive care unit market is anticipated to grow due to advancements and developments in tele-intensive care unit equipments, in the forecast period.

Global tele-intensive care unit market, based on the component was segmented into hardware and software. In 2017, the hardware segment held the largest growing segment of the market. The hardware segment is further segmented as, therapeutic devices, computer systems and communication lines.

The major players operating in the market of tele-intensive care unit 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 global tele-intensive care unit market is highly competitive and driven by advanced products launches and approvals. For instance, in January 2017, Advanced ICU Care launched tele-ICU services at Winchester Medical Center (WMC) in Winchester to deliver an extra layer of care in one of the most critical areas of the hospital.