Tele-intensive Care Unit Market Projected To Reach USD 9.55 Billion By 2030


 San Francisco, 17 May 2024: The Report Tele-intensive Care Unit Market Size, Share & Trends Analysis Report By Component (Hardware, Software), By Type, By Region, And Segment Forecasts, 2024 - 2030

The global tele-intensive care unit market size is anticipated to reach USD 9.55 billion by 2030 and it is projected to grow at a CAGR of 15.0% from 2024 to 2030, according to a new study by Grand View Research, Inc. The growing prevalence of chronic conditions, coupled with reduced ICU complication rates and reduced length of stay, are the major factors driving the global tele-intensive care unit (ICU) market. Chronic diseases such as respiratory diseases, and infectious diseases have increased the requirement for tele-ICU market. For instance, according to the American Lung Association, in 2022, 4.6% of adults, or 11.7 million people in the U.S. diagnosed with COPD.  Furthermore, during the COVID-19 pandemic, the tele-intensive care unit provided a measure for safe social distancing in chronic disease management, further avoiding the risk of cross-infection between patients. Thus, rise in prevalence of chronic diseases propels the market growth.

Moreover, technological advancements, remote patient monitoring, and rising geriatric population are other factors fueling market expansion. For instance, in August 2022, Hicuity Health announced a partnership with MUSC Health Columbia Medical Center by introducing telehealth -ICU care at MUSC Health Columbia Medical Cente r. In addition, in the U.S., population aged 65 or above is expected to be more prone to health-related issues, which has led to an increased hospitalization rate in this age group, leading to surgeries and the use of telehealth units. Thereby, growing prevalence of chronic conditions and the increasing geriatric population has led to the rising requirement for advanced healthcare facilities, further increasing the requirement for tele-intensive care units.

Furthermore, key participants are engaged in strategies such as mergers & acquisitions, partnerships, agreements, collaborations, and product launches among others to expand their global footprints and product portfolio. For instance, in April 2023, Caregility launched AI-enhanced hybrid care solutions, a new portfolio developed on Caregility Cloud, its KLAS virtual care platform. Caregility Cloud is a telehealth foundation that helps with advanced video and audio streaming technologies in modernizing care delivery . The innovative clinical programs built on the platform include tele-intensive care unit services, continuous patient observation, virtual nursing, and virtual visits.

Access Research Report of Tele-intensive Care Unit Market @ https://www.grandviewresearch.com/industry-analysis/tele-intensive-care-unit-icu-market

Tele-intensive Care Unit Market Report Highlights

  • Based on component, the hardware segment held the largest revenue share of 66.2% in 2023, owing to rising technological advances, and increasing adoption of digital health and telehealth
  • Based on type, the open-with-consultants segment dominated the market in 2023, due to its deployment in many tele-intensive care unit software and high efficiency
  • North America dominated the market with a revenue share of 43.0% in 2023 and is anticipated to grow lucratively CAGR during the forecast period. Factors such as presence of advanced IT infrastructure, high-speed internet connectivity, and robust communication networks are propelling growth in the region

Tele-intensive Care Unit Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 4.13 billion

Revenue forecast in 2030

USD 9.55 billion

Growth rate

CAGR of 15.0% from 2024 to 2030

Base year for estimation

2023

Historical data

2018 - 2022

Forecast period

2024 - 2030

List of Key Players in the Tele-intensive Care Unit Market

  • Koninklijke Philips N.V.
  • Inova
  • Banner Health
  • iMDsoft
  • InTouch health
  • UPMC Italy
  • INTELEICU
  • Tele-ICU
  • VISICU
  • Hicuity Health

Access Press Release of Tele-intensive Care Unit Market @ https://www.grandviewresearch.com/press-release/global-tele-intensive-care-unit-icu-market

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Food Additives Market Size & Share Hit USD 55.53 Billion By 2022 : Grand View Research Inc.

Image
San Francisco, 17 October 2019:   The Report   Global Food Additives Market   Analysis By Product Flavors & Enhancers (Natural, Artificial), Sweeteners (High Intensity, HFCS), Enzymes, Emulsifiers (Mono, Di-Glycerides, Lecithin, Stearoyl Lactylates, Sorbitan Esters), Shelf-life Stabilizers, Fat Replacers (Protein, Starch)] And Segment Forecast To 2022 Global food additives market is expected to reach USD 55.53 billion by 2022, according to a new study by Grand View Research, Inc. Food & beverage industry growth in BRICS and Middle East on account of rising domestic consumption and increasing foreign direct investments is expected to augment market growth. Asia Pacific is expected to be one of the most promising markets on account of growing domestic consumption in China and India owing to population growth and new product launches by food & beverage manufacturers. Availability of raw materials such as sorbitol and lactic acid in China, Indonesia, and Malaysia in light o
Read more

Integration Platform as a Service Market Valuation Is Expected To Exceed USD 2.70 Billion By 2025: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Integration Platform as a Service (IPaaS) Market  Analysis By Integration Type (API, Process, Application, Data), By Services, By Deployment (Cloud, On-Premise, Hybrid) By Region, And Segment Forecasts, 2018 – 2025 The global integration platform as a service (IPaaS) market is expected to reach USD 2.705.8 million by 2025, according to a new report by Grand View Research, Inc. Rising need of advanced systems to improve the process of deploying, developing, and managing enterprise applications globally has been a major factor driving market growth. In addition, recent developments in big data, cloud computing, and Internet of Things (IoT) within organizations’ processes also paved the way for greater development of IPaaS solutions. Integration Platform as a Service is an emerging technology where in the applications, process, data, and application programs are integrated. The integration enables enterprises to reduce the complexity
Read more