The global Tele-ICU Market size is expected to reach USD 6.1
billion by 2026, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 16.7% over the forecast period. Increase in demand
for remote patient monitoring with ever-rising old age population, coupled with
technological innovations, is the prime factor responsible for the tele
intensive care unit market growth. As per statistics published by the National
Institutes of Health (NIH), in 2016, around 617.0 million people were aged
above 65, accounting for 8.5% of the global population.
Moreover, the world report on
aging published in 2015 stated that 17.0% of the global population would be
above 65 by 2050. In U.S., the population aged 65 or above is expected to reach
88 million by 2050. Old age people are more prone to health-related issues, so
hospitalization rate is high in this age group, which may lead to surgeries and
use of ICU units.
Tele incentive care unit
increases efficiency in healthcare delivery, streamlines clinical decision
time, and enables real-time access for the patient’s health records. This, in
turn, boosts demand for the tele intensive care unit enabled services. In
addition, the advantage of implementing tele intensive care unit is the
reduction in hospital stays and decrease in the overall costs incurred by the
patients. However, major obstacles in the market growth are low adoption of
technology and high implementation costs of the system.
Further key findings from the study suggest:
- The hardware component products emerged as the
largest segment in 2018, accounting for a share of 86.2%, owing to
technical innovations in the components. Physiological monitors held the
largest share in the hardware segment. The software segment expected to
register the highest CAGR of 18.7% over the forecast period
- North America dominated the market with the
largest share in 2018. Regulatory requirements in this region are fueling
the market growth. The presence of super specialty hospitals, growing
adoption, and awareness among consumers are favoring market growth in the
region
- Asia Pacific is expected to witness substantial
growth owing to unmet needs of the huge population base and improving
healthcare infrastructure
- Some of the players operating in the market are
Advanced ICU Care, Banner Health, InTouch health, Philips, iMDsoft, UPMC
Italy, INTELEICU, Tele ICU, INOVA, and VISICU.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/tele-intensive-care-unit-icu-market
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