Tele-ICU Market Size Projected to Reach $5.8 Billion by 2024: Grand View Research, Inc.

SAN FRANCISCO, June 15, 2016 /PRNewswire/ —

The global tele-ICU market is expected to reach USD 5.8 billion by 2024, according to a new report by Grand View Research, Inc. The reduction in ICU complications with the implementation of tele-ICU has fostered the demand for tele-ICU systems. The real-time monitoring and alarms systems assist clinicians to avoid vital sign deviations and reduce associated complications.

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Tele-ICU enables real-time access to the patients’ health records and increases clinical decision time, improving the overall healthcare delivery. This in turn boosts the demand for the tele-ICU service.

An important advantage associated with the implementation of tele-ICU system is the reduction in the length of the hospital stay. This reduces the overall costs incurred by patients, thus supporting the growth of tele-ICU systems.

Additionally, the rising geriatric population base and the increasing prevalence of chronic conditions, such as cancer, neurological, and other disorders,arefueling the usage of remote intensive care environment. The geriatric population is highly susceptible to these disorders. Monitoring chronic conditions in real time facilitates faster recovery. As the geriatric population is the key target population, the usage rate of tele-ICU market systems is anticipated to catapult over the forecast period.

Browse full research report with TOC on Tele-Intensive Care Unit (ICU) Market Analysis By Component (Hardware, Software), By Type (Intensivist, Co-managed, Open, Open With Consultants) And Segment Forecasts To 2024 at: http://www.grandviewresearch.com/industry-analysis/tele-intensive-care-unit-icu-market..

Further key findings from the study suggest: 

Grand View Research has segmented the global tele-ICU market on the basis of type, products, and region: 

Browse related reports by Grand View Research: 

About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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