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
India tele-intensive care unit Market Revenue and Forecast to 2027 (US$ Mn)
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
India Tele-intensive Care Unit – Market Segmentation
India Tele-intensive Care Unit Market - By Type
- Centralized
- Decentralize
- Others
India Tele-intensive Care Unit Market - By Component
- Hardware
- Therapeutic Devices
- Computer Systems
- Communication Lines
- Software
India Tele-intensive Care Unit Market - By Zone
North India
- Delhi
- Jaipur
South India
- Hyderabad
- Chennai
- Bangalore
East India
- Kolkata
- Ranchi
West India
- Mumbai
- Ahmedabad
Central India
- Raipur
- Bhopal
India Tele-intensive Care Unit Market - Company Profiles
- Koninklijke Philips N.V.
- InTouch Technologies, Inc.
- CEIBA HEALTHCARE
- Advanced ICU Care
- Apollo Telehealth
- Eagle Telemedicine
- INTeleICU
- Cloudphysician
- General Electric Company
- CareBridge Technologies
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies - India Tele-Intensive Care Unit Market
- Koninklijke Philips N.V.
- InTouch Technologies, Inc.
- CEIBA HEALTHCARE
- Advanced ICU Care
- Apollo Telehealth
- Eagle Telemedicine
- INTeleICU
- Cloudphysician
- General Electric Company
- CareBridge Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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