Global Tele-Intensive Care market outlook 2024, Forecast To 2033
13 Feb, 2024
The tele-intensive care market has experienced rapid growth, surging from $5.49 billion in 2023 to $6.51 billion in 2024, with a compound annual growth rate (CAGR) of 18.5%. The growth in the historic period is attributed to factors such as the aging population, shortages of intensive care specialists, improved access to rural healthcare, reduced healthcare costs, and real-time monitoring capabilities. Looking ahead, the market is expected to witness exponential growth, reaching $13.9 billion in 2028 at a CAGR of 20.9%. The anticipated growth in the forecast period can be attributed to factors such as global health crises, the management of chronic diseases, the adoption of remote patient monitoring, regulatory developments in telemedicine, and advancements in healthcare infrastructure. Major trends expected in the forecast period include the integration of artificial intelligence and predictive analytics, increased adoption of telehealth, the incorporation of virtual reality (VR) simulations, the expansion of tele-ICU for home healthcare, and the proliferation of mobile tele-ICU apps.
Global Tele-Intensive Care Market Key Driver
The tele-intensive care market is expanding in response to the increasing prevalence of chronic diseases. With nearly half of Australians having one or more chronic conditions, tele-intensive care plays a crucial role in continuous monitoring, device assessment, and management of chronic patients. The rise in chronic diseases is expected to drive further growth in the tele-intensive care market.
Get A Free Sample Of The Global Tele-Intensive Care Market ReportGlobal Tele-Intensive Care Market Segments
The global tele-intensive care market covered in this report is segmented –
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
By Geography: The regions covered in the Tele-Intensive Care market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacificwas the largest region in the tele-intensive care market in 2023. Asia-Pacificis expected to be the fastest growing region in the forecast period. The regions covered in the tele-intensive care market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Tele-Intensive Care Industry Players
Apollo TeleHealth Services Pvt. Ltd., Banner Health System, Ceiba Tele ICU, Cerner Corporation, Eagle Telemedicine, iMDsoft Ltd., nova Health System, Mid-Atlantic Telehealth Resource Center, Koninklijke Philips N.V., SOC Telemed Inc., University of Pittsburgh Medical Center, Advanced Medical Reviews, Banner iCare, BioTelemetry Inc., Cambio Healthcare Systems AB, CirrusMD Inc., Harris Healthcare Group, Healthcare Business Intelligence Solutions, Hicuity Health Inc., Honeywell Life Care Solutions, ICU Medical Inc., Inovaare Corporation, INTeLeICU, Intensive Care On-line Network, InTouch Health, LifeWatch AG, Reliq Health Technologies, Sotera Wireless Inc., Spacelabs Healthcare, Teladoc Health Inc., Vivify Health Inc., Vocera Communications Inc.
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Tele-Intensive Care Market Overview
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.
Tele-Intensive Care Global Market Report 2023 provides data on the global tele-intensive care market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tele-intensive care market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.