Market Analysis 2019 Tele-Intensive Care Unit Market Analysis | Page 5

Global Tele-Intensive Care Unit Market to 2027 www.theinsightpartners.com need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being preferred to in the healthcare systems in the emerging economies. The increase in ageing population, incidences of chronic illnesses and pediatric care are the primary factors driving the growth of healthcare sector. Various established players in the industry have been investing significant amount of their revenue in R&D activities for the development of better and advanced products and technologies. Also, the availability of reimbursement for various medical procedures are expected to fuel the growth of the industry in the coming years. With the presence of regulations laid down by the government bodies, it is possible to obtain better and reliable healthcare facilities, ensuring quality care and patient safety, mitigating fraud, and cyber threats. There has been a significant increase in the healthcare expenditure during the previous years. As per World Bank, Healthcare expenditure accounts for 9.94% of global GDP. In the United States, 17.1% of its GDP is committed to the industry, whereas in Latin America, HC expenditures account for only 7.24%, with Brazil at 8.3%, and Mexico at 6.3%. Whereas the healthcare expenditure per capita was 11.3%, 9.1%, 5.6%, and 4.7% in Germany, UK, China, and India, respectively during the year 2017. The above stated factors are expected to offer broad growth opportunities in the healthcare industry at the global level. Place a Direct Purchase Order to obtain Copy of this report at https://www.theinsightpartners.com/buy/TIPHE100000992 The Strategic Insights and Recent Developments in Tele-Intensive Care Unit Industry: Partnership/acquisition, and service launch & collaborations were observed as the most adopted strategy in global tele- intensive care unit industry. Few of the acquisition, partnership, product launches and agreements made by the players in the market are listed below: 2018: InTouch Health and NTT DATA Services entered into a partnership to provide a turnkey virtual care solution that enables healthcare organizations to expand access to healthcare services, optimize care delivery, and reduce costs. 2017: Advanced ICU Care launched tele-ICU services at Winchester Medical Center (WMC) in Winchester to deliver an extra layer of care in one of the most critical areas of the hospital. 2016: Royal Philips and four leading U.S. health systems signed multi-layer agreements to implement remote intensive care unit (eICU) program. 2016: InTouch Health, provider of a global, cloud-based telehealth network, partnered with Eagle Telemedicine to develop innovative telemedicine programs like tele-ICU, teleneurology and telepsychology. ABOUT US 5