DUBLIN--(BUSINESS WIRE)--The "Tele-Intensive Care Unit (ICU) Market Size, Share & Trends Analysis Report By Type (Intensivist, Open with Consultants), By Component (Hardware, Software), By Region, And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.
The global tele-icu market size is expected to reach USD 6.1 billion by 2026, 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 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% 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.
Key Topics Covered
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Information procurement
1.3 Information analysis
1.4 Market formulation & data visualization
1.5 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Tele-Intensive Care Unit (ICU) Market Variables, Trends & Scope
3.1 Market Lineage outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Product Pipeline Analysis, by Stage
3.4 User perspective analysis
3.5 List of Key End-users, by region / by product / by country
3.6 Regulatory Framework
3.7 Market Dynamics
3.8 Tele-ICU: Market Analysis Tools
Chapter 4 Tele-ICU Market: Segment Analysis, By Component, 2015 - 2026
4.1 Definitions & Scope
4.2 Component market share analysis, 2018 & 2026
4.3 Segment Dashboard
4.4 Global Tele-ICU Market, by Technology, 2015 to 2026
4.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
Chapter 5 Tele-ICU Market: Segment Analysis, By Type, 2015 - 2026 (USD
5.1 Definitions & Scope
5.2 Application market share analysis, 2018 & 2026
5.3 Segment Dashboard
5.4 Global Tele-ICU Market, by Type, 2015 to 2026
5.5 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
Chapter 6 Tele-ICU Market: Segment Analysis, By Component and Type, 2015
- 2026 (USD Million)
6.1 Global Tele-ICU Market, by Component and Type, 2015 to 2026
6.2 Market Size & Forecasts and Trend Analyses, 2015 to 2026 for the following
Chapter 7 Tele-ICU Market: Regional Market Analysis, 2015 - 2026 (USD
7.1 Definitions & Scope
7.2 Regional market share analysis, 2018 & 2026
7.3 Regional Market Dashboard
7.4 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends)
7.5 Regional Market Share and Leading Players, 2018
7.6 SWOT Analysis, by Factor (Political & Legal, Economic And Technological)
7.7 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2026:
7.8 North America
7.10 Asia Pacific
7.11 Latin America
7.12 Middle East & Africa
Chapter 8 Tele-ICU Market - Competitive Analysis
8.1 Recent developments & impact analysis, by key market participants
8.2 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3 Vendor Landscape
8.4 Public Companies
8.5 Private Companies
8.6 Supplier Ranking
8.7 Key companies profiled
8.7.1 Advanced ICU Care
8.7.2 Banner Health
8.7.6 UPMC Italy
Chapter 9 KOL Commentary
Chapter 10 Recommendations
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