Global Tele Intensive Care Unit market demand 2024, Forecast To 2033
4 Mar, 2024
The tele intensive care unit market size has experienced rapid growth, surging from$4.52 billion in 2023 to$5.35 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The historic period's growth can be attributed to the impact of the COVID-19 pandemic, early adoption and pilot programs, increased focus on patient outcomes, shortage of intensive care specialists, and the rise of telemedicine. Forecasts suggest continued rapid expansion, with the market projected to reach$10.8 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. Anticipated growth drivers include the shortage of intensivists, educational initiatives, remote chronic disease management, integration with healthcare systems, regulatory developments, and post-pandemic continuation. Major trends in the forecast period include geographic accessibility, cost-effectiveness, patient-centered care, and technological innovations.
Global Tele Intensive Care Unit Market Key Driver
An increase in the number of cases of medication errors is driving the growth of the tele-intensive care unit market going forward. A medication error is defined as any avoidable occurrence that could result in improper pharmaceutical use. The advantages of tele intensive include a decrease in prescribing errors using warnings and prompt reminders by the physician through tele intensive care and the ability to guide the patient through drug interactions. For instance, in July 2022, according to an article published by the National Institutes of Health (NIH), a US-based biomedical research agency, medication errors cause 7,000–9,000 fatalities annually in the United States. Over 7 million patients are affected and treating patients with medication-related errors costs more than $40 billion annually. Therefore, an increase in the number of cases of medication errors is driving the growth of the tele-intensive care unit market. The 2023, 2024, and 2028 market size values underscore the critical need for advanced healthcare solutions in addressing medication-related errors and improving patient safety, reflecting a growing adoption of telemedicine technologies in intensive care settings worldwide.
Get A Free Sample Of The Global Tele Intensive Care Unit Market ReportGlobal Tele Intensive Care Unit Market Segments
The global tele intensive care unit market covered in this report is segmented –
1) By Type: Centralized Models, Decentralized Models, Other Models
2) By Type Of Management: Intensivist, Open, Co-Managed, Open With Consultants, Other Type Of Management
3) By Component: Hardware, Software
4) By End User: Hospitals, Clinics, Other End Users
By Geography: The regions covered in the tele intensive care unit market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the tele intensive care unit market in 2023. The regions covered in the tele intensive care unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Tele Intensive Care Unit Industry Players
Hicuity Health LLC, Banner Health System, Teladoc Health Inc., Koninklijke Philips NV, University of Pittsburgh Medical Center, Inova Health System, Apollo TeleHealth Services Limited, Eagle Telemedicine LLC, SOC Telemed Inc., iMDsoft Ltd., CLEW Medical Ltd., Intercept Telemed, General Electric Company, Cloudphysician Healthcare Company, Banner iCare Inc., CyberMed Inc., Dignity Health Telemedicine, EagleForce Health Inc., GlobalMed Inc., InTouch Health Inc., Mercy Virtual Inc., Philips eICU Program LLC, SynsorMed Inc., TeleICU by eCatalyst Healthcare Solutions LLC, TeleMedico Inc., Tri-City Telemetry LLC, Vianova Health Inc., Vidyo Inc., Vituity Telehealth Services Inc., Zipnosis Inc.
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Tele Intensive Care Unit Market Overview
Tele-intensive care refers to the use of telecommunications infrastructure to deliver consultations and enables off-site clinicians to consult on patient care through interaction with bedside workers. It helps to collect and monitor patient health data for real-time monitoring of disease slowdown, diagnostics, and long-term treatment.
Tele Intensive Care Unit Global Market Report 2023 provides data on the global tele intensive care unit market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The tele intensive care unit market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.