India Tele-intensive Care Unit Market
The India tele-intensive care unit market is expected to reach US$ 169.68 million by 2027 from US$ 32.40 million in 2019. The market is estimated to grow with a CAGR of 23.9% from 2020 to 2027.
The growth of the market is driven by the factors, such as growing government initiatives for digital health, and increasing ICU admission. However, the market is likely to have a diminished growth due to barriers to telehealth in rural areas.
Tele-ICU is built for the new healthcare reality, where clinical and hospital executives are accountable for outcomes, processes, quality, and costs. The collaborative tele-ICU is a transformative process, a paradigm shift in patient care. Today’s ICUs are under tremendous pressure to achieve better outcomes at lower cost, while dealing with a serious shortage of intensivist and ICU nurses.
Increasing prevalence of chronic diseases like cardiovascular, respiratory diseases, mental disorders, diabetes, and cancer have led to increase in ICU admissions in India. As per the Globocan India, in 2018, there were 11,57,294 new cases of cancer in India and around 7,84,821 deaths due to cancer in the country. As per the American Heart Association, Inc, in 2016, around 54.5 million suffered from cardiovascular disease (CVDs). One in 4 deaths in India are due to CVDs. Additionally the growing aging population is increasing the number of ICU admissions. As per the United Nations Population Fund and HelpAge India report, it is estimated that the number of elderly persons is expected to reach 173 million by 2026.
The growing number of COVID-19 cases in India has led to increasing number of ICU admissions. In Mumbai, the state government has identified Nanavati, St. George, Saifee, Wockhardt, HBT Trauma Care, and Seven Hills Hospitals as critical care hospitals for COVID-19. Due to rising number of infection cases, these hospitals have fully occupied ICU beds. India has only 4500 ICU specialists. The Muzaffarpur hospital in Bihar does not have ICU specialists and so a team from medtech startup CloudPhysicians, Bengaluru, is analyzing patient data and helping the doctors to take clinical decisions in treating COVID-19 patients.
Therefore, the increasing number of ICU admissions and higher preference for the tele-ICU is likely to boost the growth of the India tele-intensive care unit market.
Strategic insights for the India Tele-intensive Care Unit provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 32.40 Million |
| Market Size by 2027 | US$ 169.68 Million |
| Global CAGR (2020 - 2027) | 23.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | India
|
| Market leaders and key company profiles |
The geographic scope of the India Tele-intensive Care Unit refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
India Tele-intensive Care Unit – Market Segmentation
India Tele-intensive Care Unit Market - By Type
India Tele-intensive Care Unit Market - By Component
India Tele-intensive Care Unit Market - By Zone
India Tele-intensive Care Unit Market - Company Profiles
The List of Companies - India Tele-Intensive Care Unit Market
The India Tele-intensive Care Unit Market is valued at US$ 32.40 Million in 2019, it is projected to reach US$ 169.68 Million by 2027.
As per our report India Tele-intensive Care Unit Market, the market size is valued at US$ 32.40 Million in 2019, projecting it to reach US$ 169.68 Million by 2027. This translates to a CAGR of approximately 23.9% during the forecast period.
The India Tele-intensive Care Unit Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the India Tele-intensive Care Unit Market report:
The India Tele-intensive Care Unit Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The India Tele-intensive Care Unit Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the India Tele-intensive Care Unit Market value chain can benefit from the information contained in a comprehensive market report.
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