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Tele-intensive Care Unit Market Size

Report ID: GMI8448
Published Date: Mar 2024
Report Format: PDF

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Tele-intensive Care Unit Market Size

Tele-intensive Care Unit Market size was valued at USD 3.5 billion in 2023 and is estimated to expand at over 14.9% CAGR from 2024 to 2032. Tele-intensive care unit is a form of telemedicine that uses advanced technology to provide remote monitoring and management of critically ill patients in intensive care units (ICUs). In this setup, a team of remote healthcare professionals, including critical care specialists, nurses, and support staff, use audiovisual communication and data-sharing technology to collaborate with bedside ICU teams.

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The increasing prevalence of chronic and infectious disease is a significant driving factor for the market. For instance, according to the International Diabetic Federation (IDF), in 2021, approximately 537 million adults lived with diabetes worldwide, with predictions suggesting that this figure will reach 643 million by 2030. Therefore, patient with diabetes require proper management of medications, diet plans, and monitoring of both cardiac and glucose parameters. Thus, tele-ICU systems help in providing this management remotely.

Tele-intensive Care Unit Market Report Attributes
Report Attribute	Details
Base Year:	2023
Tele-intensive Care Unit Market Size in 2023:	USD 3.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	14.9%
2032 Value Projection:	USD 11.8 Billion
Historical Data for:	2018 – 2023
No. of Pages:	150
Tables, Charts & Figures:	284
Segments covered:	Model, Component, Type of Management, End-user, and Region
Growth Drivers:	Increasing prevalence of chronic and infectious disease Rising advancements in telehealth Increasing number of geriatric populations Rising government funds and policies
Pitfalls & Challenges:	Data security and privacy concern High cost associated with the service

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Furthermore, rising advancements in telehealth (market size is estimated to account for USD 244 billion by the end of year 2032), increasing number of geriatric populations, rising government funds and policies, improvement in patient outcomes, growing demand for critical care services, and rising healthcare IT, are the contributing factors stimulating the growth of the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of tele-intensive care unit reached USD 3.5 billion in 2023 and is set to cross USD 11.8 billion by 2032, propelled by the increasing prevalence of chronic and infectious disease.

Centralized tele-intensive care unit model segment is estimated to account for USD 5.8 billion by 2032, owing to its ability to allow for the implementation of standardized care protocols across multiple ICUs.

North America market accounted for USD 1.4 billion in 2023, driven by advanced healthcare infrastructure with well-established hospitals, medical centers, and critical care facilities in the region.

Apollo Telehealth, Banner Health, Eagle Telemedicine, Harris Healthcare, Hicuity Health, iMDsoft, Inova, Intensive Care On-line Network, Koninklijke Philips N.V., Teladoc Health, Inc. are some of the major industry contenders.