Tele-Intensive Care Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s tele-intensive care market report forecasts the tele-intensive care market size to grow to $10.72 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.
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Tele-Intensive Care Market Size Forecast
The global tele-intensive care market is expected to grow from $4.56 billion in 2022 to $5.39 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The tele-intensive care market size is expected to grow to $10.72 billion in 2027 at a CAGR of 18.7%.
Asia-Pacific held the largest tele-intensive care market share and was the fastest-growing region in 2022.
Key Tele-Intensive Care Market Driver – Increase In The Prevalence Of Chronic Diseases
For instance, according to the World Health Organization, a Switzerland-based agency, cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. Therefore, the increase in the prevalence of chronic diseases among the population is expected to propel the growth of the tele-intensive care market going forward.
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Key Tele-Intensive Care Market Trend – Technological Advancement
Major market players are concentrating their efforts on creating innovative technologies for healthcare systems in order to provide better and more advanced facilities to patients. For example, in August 2021, Wipro GE Healthcare, an India-based joint venture between General Electric Company and Wipro Enterprises Limited, introduced the remote monitoring solution for Tele-ICU, along with the Centricity High Acuity Critical Care Solution (CHA-CC) to connect Intensive Care Units (ICUs) in hospitals for managing and caring for patients across ICUs in a single hospital building as well as spread across locations. This technology will help healthcare professionals provide advanced consultation and care to their critically ill patients remotely.
Tele-Intensive Care Market Segment
1) By Type: Centralized Models, Decentralized Models, Other Types
2) By Component: Hardware Computer System, Software
3) By Type of Management: Intensivist, Open, Co-Managed, Open with Consultant, Other Management Types
Tele-Intensive Care Market Major Players and Strategies
Major players in the tele-intensive care market are INTeLeICU, Philips (VISICU), Apollo TeleHealth Services, Inova, Advanced ICU Care, the University of Pittsburgh Medical Center (UPMC), Banner Health, Eagle Telemedicine, Cerner Corporation, SOC Telemed, Teleicucare, iMDsoft, CEIBA-TELEICU, and Mid-Atlantic Telehealth Resource Center.
In July 2020, DISH Network Corporation, a US-based telemedicine and virtual healthcare company, acquired InTouch Health for a deal amount of $154.6 million. The acquisition is intended to strengthen the businesses by connecting the care experience across in-patient, outpatient, and home care settings, ensuring greater access to high-quality care and better health outcomes. InTouch Health is a US-based company operating in virtual care hospitals and health systems across the globe.
The Tele-Intensive Care Global Market Report 2023 covers regional data on tele-intensive care market size, tele-intensive care market trends and drivers, opportunities, strategies, and tele-intensive care market competitor analysis. The countries covered in the tele-intensive care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Tele-intensive care is defined as remote technology that connects patients in distance intensive care units (ICUs) through real-time audio, visual, and electronic means, through which health information is exchanged from one site to another via electronic communications to track a patient’s clinical health status with off-site clinical resources.
View More Reports Related To The Tele-Intensive Care Market –
Tele Intensive Care Unit Global Market Report 2023
Telehealth Global Market Report 2023
Telemedicine Services Global Market Report 2023
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