Increasing Demand for Value-based Care and Acute Shortage of ICU Staff to Drive Growth of the US & EU-5 Virtual Critical Care Solutions Market, 2025

Increasing Demand for Value-based Care and Acute Shortage of ICU Staff to Drive Growth of the US & EU-5 Virtual Critical Care Solutions Market, 2025

Future Growth Potential to Be Accelerated by Opportunities in Affordable, Easy-to-Deploy, and Scalable Solutions

RELEASE DATE
11-Jan-2021
REGION
North America
Research Code: K56E-01-00-00-00
SKU: HC03377-NA-MT_25152
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Description

Coronavirus (COVID-19) has fuelled a demand for solutions that can help cater to large patient populations remotely. Further, the shortage of intensivists, as estimated by the COMPACCS trial, is expected to increase from 22% in 2020 to 35% by 2030. These, as well as changing reimbursement policies, are some of the key trends that will define the future market for virtual critical care. With rising demand, the competitive intensity in the virtual care space has increased. Both patient monitoring and electronic medical record (EMR) companies are trying to develop their own integrated solutions. Competition is also coming from niche analytics as well as B2C telehealth companies who are expanding their critical care portfolio to offset decreasing margins in low-acuity segments. High first-time installation and implementation cost has been major barrier to the widespread adoption of virtual ICU platforms. This study focuses on virtual care solutions for critical care applications. Solutions include both technology platforms and services used for providing complete virtual care for critical care patients. The study helps to understand the current market dynamics as well future growth opportunities in the space.

Author: Kaustubh Suresh Savant

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the Virtual Critical Care Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Key Questions this Study will Answer

Research Methodology

Definition and Scope of Analysis

Definition and Scope of Analysis (continued)

Market Segmentation

Key Competitors for Virtual Critical Care Solutions

Virtual ICU—How it Works?

Stakeholder Impact Assessment

Clinical Adoption Assessment

Clinical Adoption Assessment (continued)

Implementation Assessment

Solution Feature Assessment

Innovation Trend Analysis

Regulatory and Reimbursement Environment

Clinical and Economical Impact Assessment—Virtual Critical Care Solutions

Key Growth Metrics for Virtual Critical Care Solutions

Impact of COVID-19 on the Virtual Clinical Care Solutions Market

Growth Drivers for Virtual Care Solutions in Critical Care

Growth Restraints for Virtual Care Solutions in Critical Care

Forecast Assumptions—Virtual Critical Care Solutions

Forecast Assumptions—Virtual Critical Care Solutions (continued)

Forecast Methodology

Revenue and Penetration Forecast—US & EU-5 Market for Virtual Critical Care Solutions

Revenue and Penetration Forecast—US Market for Virtual Critical Care Solutions

Revenue and Penetration Forecast—EU-5 Market for Virtual Critical Care Solutions

Revenue Forecast by Solution Type—US & EU-5 Market for Virtual Critical Care Solutions

Revenue Forecast by Solution Type—US Market for Virtual Critical Care Solutions

Revenue Forecast by Solution Type—EU-5 Market for Virtual Critical Care Solutions

Forecast Analysis—Virtual Critical Care Solutions

Pricing Trends and Forecast Analysis—Virtual Critical Care Solutions

Penetration Forecast—Virtual Critical Care Solutions

Penetration Analysis—Virtual Critical Care Solutions

Revenue Share—Virtual Critical Care Solutions

Competitive Environment—Virtual Critical Care Solutions

Revenue Share Analysis—Virtual Critical Care Solutions

Competitive Environment—Virtual Critical Care Solutions

Competitive Environment—Virtual Critical Care Solutions (continued)

Competitive Environment—Virtual Critical Care Solutions (continued)

Competitive Environment—Virtual Critical Care Solutions (continued)

Key Growth Metrics for Tier I Solutions

Revenue and Penetration Forecast—Tier I Solutions

Revenue and Penetration Forecast for Tier I Solutions—US Market

Revenue and Penetration Forecast for Tier I Solutions—EU-5 Market

Forecast Analysis—Tier I Solutions

Penetration Forecast by Region—Tier I Solutions

Penetration Analysis—Tier I Solutions

Key Growth Metrics for Tier II Solutions

Revenue and Penetration Forecast—Tier II Solutions

Revenue and Penetration Forecast for Tier II Solutions—US Market

Revenue and Penetration Forecast for Tier II Solutions—EU-5 Market

Forecast Analysis—Tier II Solutions

Penetration Forecast by Region—Tier II Solutions

Penetration Analysis—Tier II Solutions

Key Growth Metrics for Tier III Solutions

Revenue and Penetration Forecast—Tier III Solutions

Revenue and Penetration Forecast for Tier III Solutions—US Market

Revenue and Penetration Forecast for Tier III Solutions—EU-5 Market

Forecast Analysis—Tier III Solutions

Penetration Forecast by Region—Tier III Solutions

Penetration Analysis—Tier III Solutions

Key Growth Metrics for Clinical Service Solutions

Revenue and Penetration Forecast—Clinical Service Solutions

Revenue and Penetration Forecast for Clinical Service Solutions—US Market

Revenue and Penetration Forecast for Clinical Service Solutions—EU-5 Market

Forecast Analysis—Clinical Service Solutions

Penetration Forecast by Region—Clinical Service Solutions

Penetration Analysis—Clinical Service Solutions

Growth Opportunity Universe Background

Growth Opportunities Aligned to Timeframe and Growth Potential

Growth Opportunity 1: Technology/Research Collaborations for Improving Solution Accessibility

Growth Opportunity 1: Technology/Research Collaborations for Improving Solution Accessibility (continued)

Growth Opportunity 2: Affordable, Easy-to-Deploy, and Scalable Solutions for Better Adoption

Growth Opportunity 2: Affordable, Easy-to-Deploy, and Scalable Solutions for Better Adoption (continued)

Growth Opportunity 3: Strategic Geographic Expansion for Improving Market Access

Growth Opportunity 3: Strategic Geographic Expansion for Improving Market Access (continued)

Growth Opportunity 4: Optimizing Business Model for Sustainable Long-Term Growth

Growth Opportunity 4: Optimizing Business Model for Sustainable Long-Term Growth (continued)

Growth Opportunity 5: Strong Clinical Evidence Based Portfolio for Market Differentiation

Growth Opportunity 5: Strong Clinical Evidence Based Portfolio for Market Differentiation (continued)

Growth Opportunity 6: Leveraging AI-based Solutions for Optimizing Workflow and Clinical Outcome

Growth Opportunity 6: Leveraging AI-based Solutions for Optimizing Workflow and Clinical Outcome (continued)

Growth Opportunity 7: Targeted Brand Positioning for Improving Market Penetration

Growth Opportunity 7: Targeted Brand Positioning for Improving Market Penetration (continued)

Growth Opportunity 8: Smart Integrated Sensor Solutions for Better Care Delivery

Growth Opportunity 8: Smart Integrated Sensor Solutions for Better Care Delivery (continued)

Growth Opportunity 9: Indication-focused Solutions for Targeted Care Needs

Growth Opportunity 9: Indication-focused Solutions for Targeted Care Needs (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
Coronavirus (COVID-19) has fuelled a demand for solutions that can help cater to large patient populations remotely. Further, the shortage of intensivists, as estimated by the COMPACCS trial, is expected to increase from 22% in 2020 to 35% by 2030. These, as well as changing reimbursement policies, are some of the key trends that will define the future market for virtual critical care. With rising demand, the competitive intensity in the virtual care space has increased. Both patient monitoring and electronic medical record (EMR) companies are trying to develop their own integrated solutions. Competition is also coming from niche analytics as well as B2C telehealth companies who are expanding their critical care portfolio to offset decreasing margins in low-acuity segments. High first-time installation and implementation cost has been major barrier to the widespread adoption of virtual ICU platforms. This study focuses on virtual care solutions for critical care applications. Solutions include both technology platforms and services used for providing complete virtual care for critical care patients. The study helps to understand the current market dynamics as well future growth opportunities in the space. Author: Kaustubh Suresh Savant
More Information
No Index No
Podcast No
Author Kaustubh Suresh Savant
Industries Healthcare
WIP Number K56E-01-00-00-00
Keyword 1 Virtual Primary Care Solutions
Keyword 2 Virtual Critical Care Solutions
Keyword 3 Virtual ICU Market
Is Prebook No
GPS Codes 9600-B1,9A47-B1,9A48-B1,9A4B-B1