Tele-Intensive Care Unit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Tele ICU Market Size and it is segmented by Component (Hardware, Software and Services), Type of Management (Intensivist, Open, Co-managed, Open with Consultants, and Other Types of Management), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Tele Intensive Care Unit Market Size

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Tele Intensive Care Unit Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 16.85 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Tele Intensive Care Unit Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Tele Intensive Care Unit Market Analysis

The tele-intensive care unit market is expected to register a CAGR of 16.85% during the forecast period.

The COVID-19 pandemic significantly impacted the growth of the market. Telemedicine is one of the promising technologies, as critical care specialists from ICU telemedicine centers were crucial in expanding critical care services during the COVID-19 pandemic. Also, several initiatives and implementations were carried out by various government organizations and market players related to tele ICU, impacting market growth during the pandemic. For instance, in November 2021, the Gujarat government planned to enlist private physicians to launch tele-ICU services to lessen the burden on government hospitals and health centers in rural and remote locations that lack specialized physicians. Such initiatives by the government increased the adoption of tele-ICU services across hospitals. Thus, the studied market witnessed significant growth during the pandemic.

Factors such as an increase in the volume of surgical procedures worldwide and increasing demand for remote patient monitoring are anticipated to drive market growth.

The rising prevalence of chronic diseases coupled with the growing geriatric population raises the need to find new ways of improving patient outcomes, increasing access to care, and reducing the cost of medical care. For instance, according to the Centers for Disease Control and Prevention (CDC), data updated in July 2022, in the United States, 6 in 10 adults suffer from a chronic disease, and 4 in 10 adults include two or more chronic diseases like heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes.

Additionally, according to an article published in Frontiers in Public Health in January 2023, the number of people in the United States is projected to reach 221.13 million in 2050, representing a 61.11% increase from the last three decades. Also, as per the same source, about 142.66 million people aged 50 and older were projected to include at least one chronic disease by 2050, with an increase of 99.5%. Thus, the expected increase in elderly suffering from chronic diseases raises hospital admission rates. This is anticipated to fuel the demand for tele-ICU, propelling the market growth.

Furthermore, the advantages offered by tele-ICU such as the low-cost method of connecting intensivists with hospitals, earlier interventions for critically ill patients, allowing hospitals to provide these highly trained specialists to their most critically ill patients, increased awareness of high-acuity patients for proactive monitoring, improved care quality and adherence to key metrics, increased their adoption across the hospitals.

Moreover, the increasing launch of tele-ICU hubs in various countries is also expected to propel market growth. For instance, in May 2022, Manipur, India's Chief Minister, inaugurated the first-ever Tele-ICU Hub, including a 10-bed ICU ward at the Jawaharlal Nehru Institute of Medical Sciences (JNIMS), Imphal. With the Tele-ICU facilities, patients being treated at Intensive Care Units (ICU) in different district hospitals and other Tele-ICU-supported hospitals will be able to access observation by specialist doctors through the hub set up at JNIMS.

Therefore, owing to the factors above, such as the high prevalence of chronic diseases, the growing aging population, and the advantages of tele-ICU, the studied market is anticipated to grow over the forecast period. However, the high cost of treatment and expensive setup will likely hinder the growth of the tele-intensive care unit market over the forecast period.

Tele Intensive Care Unit Market Trends

Software and Services Segment is Expected to Witness Growth Over the Forecast Period

The software and services segment is anticipated to witness significant growth in the tele-intensive care unit (ICU) market over the forecast period. It is owing to factors such as the increasing demand and adoption of tele-ICU across hospitals and rising companies and government initiatives.

The increasing company and government initiatives to develop new technologies and services are expected to increase segment growth. For instance, in November 2022, the Karnataka government's Department of Health and Family Welfare, in collaboration with Bengaluru-based non-profit eGovernments Foundation and Google Cloud, launched cloud-based remote intensive care unit (ICU) services at 41 state-run hospitals. Also, in July 2021, Hicuity Health, a provider of high-acuity telemedicine services, and Covenant Health, a not-for-profit healthcare system providing comprehensive services in East Tennessee, launched Knoxville's telemedicine center and the introduction of tele-ICU services. The collaboration uses Hicuity Health's technological and operational infrastructure, proprietary HUB workflow management platform, and multiple existing clinical operations centers in a shared services arrangement. Also, this partnership provides tele-ICU treatment to critically ill patients across Covenant's nine acute care facilities. It is done through a tele-ICU care delivery team comprising Hicuity Health and Covenant Health clinicians.

Therefore, owing to the factors above, the segment is expected to grow significantly over the forecast period.

Tele Intensive Care Unit Market: Healthcare Expenditure (in thousand), Canada, 2016-2021

North America is Expected to Hold the Significant Market Share Over the Forecast Period

North America is anticipated to hold a significant market share over the forecast period owing to factors such as the growing geriatric population, an increase in the prevalence of chronic diseases, and various government initiatives. In addition, the well-developed IT infrastructure, robust communication networks, and the growing demand for remote monitoring systems are also expected to boost the market growth.

The rising prevalence of chronic diseases such as cancer, cardiovascular diseases, diabetes, and others are the key factors driving the market growth. For instance, according to 2023 statistics published by ACS, about 19,58,310 new cancer cases are expected to be diagnosed in the United States in 2023. Additionally, according to 2022 statistics published by the Canadian Cancer Society, about 233,900 people were diagnosed with cancer in Canada in 2022. The high number of people with cancer raises the need for long hospital stays for their treatment, fueling the demand for tele-ICUs, hence contributing to the market growth.

Furthermore, the rising new product launches increase the availability of advanced tele-ICU devices, software, and solutions in the market. For instance, in March 2022, Hicuity Health, a United States-based provider of high-acuity telemedicine services, expanded its telemedicine services relationship with Baptist Health, a 9-hospital system. In this expansion, tele-ICU services were extended to Baptist Health Deaconess Madisonville, a facility that provides care to residents throughout western Kentucky. Introducing Hicuity Health tele-ICU at the Madisonville facility provided critical care support to its Baptist Health team members and their patients.

Moreover, the increasing focus of the companies to adopt key strategies such as collaborations, partnerships, and other initiatives are also contributing to the market growth in the region. For instance, in January 2022, Avel eCARE, a telehealth network and virtual hospital, helped develop the federally funded initiative, the National Emergency Tele-Critical Care Network. It expanded its work with the Department of Health and Human Services and the Department of Defense to provide critical care expertise to hospitals and municipalities struggling with COVID-19 surges in the South.

Therefore, the studied market is anticipated to grow over the forecast period due to the factors above, such as the high burden of cancer, new product launches, and increasing company activities.

Tele Intensive Care Unit Market - Growth Rate By Region

Tele Intensive Care Unit Industry Overview

The tele-intensive care unit market is highly competitive owing to the presence of several players. In terms of market share, there is moderate consolidation in the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by introducing new products at lower prices. Some of the key companies in the market are INTeLeICU, Koninklijke Philips NV, InTouch Technologies Inc., Inova, and Advanced ICU Care, among others.

Tele Intensive Care Unit Market Leaders

  1. Inova

  2. INTeLeICU

  3. InTouch Technologies Inc.

  4. Koninklijke Philips NV

  5. Advanced ICU Care

*Disclaimer: Major Players sorted in no particular order

Tele Intensive Care Unit Market Concentration
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Tele Intensive Care Unit Market News

  • February 2023: CLEW, a provider of real-time AI analytics platforms for healthcare providers, launched the CLEW ICU Conversion and Accelerator program. The program comprises packaged integrations to EMR, monitoring, AV equipment, CLEW's FDA-cleared AI predictive models, and the CLEW ICU workflow platform. Additionally, within 12 weeks, the program's consulting and implementation resources enable US health systems to successfully transition away from the Philips eICU software.
  • January 2023: Google Cloud, eGovernment Foundation, and the Directorate of Health and Family Welfare Government of Nagaland launched the TeleICU hub at Naga Hospital Authority.

Tele-Intensive Care Unit (ICU) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase in Volume of Surgical Procedures Worldwide

      2. 4.2.2 Increasing Demand for Remote Patient Monitoring

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Treatment and Expensive Set Up

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD)

    1. 5.1 By Component

      1. 5.1.1 Hardware

        1. 5.1.1.1 Devices

        2. 5.1.1.2 Communication Lines

        3. 5.1.1.3 Computer Systems

        4. 5.1.1.4 Physiological Monitors

        5. 5.1.1.5 Display Panels

        6. 5.1.1.6 Video Feed

        7. 5.1.1.7 Other Hardware

      2. 5.1.2 Software and Services

    2. 5.2 By Type of Management

      1. 5.2.1 Intensivist

      2. 5.2.2 Open

      3. 5.2.3 Co-managed

      4. 5.2.4 Open with Consultant

      5. 5.2.5 Other Types of Management

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Hicuity Health

      2. 6.1.2 iMDsoft

      3. 6.1.3 Inova

      4. 6.1.4 INTeleICU

      5. 6.1.5 Teladoc Health Inc.

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 SOC Telemed

      8. 6.1.8 Apollo Hospitals (Apollo Telehealth Services)

      9. 6.1.9 Ceiba Healthcare

      10. 6.1.10 CLEW

      11. 6.1.11 Intercept Telemed

      12. 6.1.12 Cloudphysician Healthcare Pvt. Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Tele Intensive Care Unit Industry Segmentation

As per the scope of the report, tele-intensive care unit (ICU) is a diagnosis and treatment method where patients can get remote intensive care services through videoconferencing and internet technologies. Most tele-ICU programs feature command centers staffed with intensivists and critical care nurses who assist patients online via audio connections or videoconferencing. It enables medical personnel to access patient data instantly and address problems as they develop. Tele-ICU with the bedside team can provide support care for the patient without distractions and deliver timely interventions. The Tele Intensive Care Unit Market is segmented by component (hardware (devices, communication lines, computer systems, physiological monitors, display panels, video feed, and other hardware), software and services), type of management (intensivist, open, co-managed, open with consultants, and other types of management), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.

By Component
Hardware
Devices
Communication Lines
Computer Systems
Physiological Monitors
Display Panels
Video Feed
Other Hardware
Software and Services
By Type of Management
Intensivist
Open
Co-managed
Open with Consultant
Other Types of Management
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Tele-Intensive Care Unit (ICU) Market Research FAQs

The Global Tele Intensive Care Unit Market is projected to register a CAGR of 16.85% during the forecast period (2024-2029)

Inova, INTeLeICU, InTouch Technologies Inc., Koninklijke Philips NV and Advanced ICU Care are the major companies operating in the Global Tele Intensive Care Unit Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Tele Intensive Care Unit Market.

The report covers the Global Tele Intensive Care Unit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Tele Intensive Care Unit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Tele ICU Industry Report

Statistics for the 2024 Tele Intensive Care Unit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Tele Intensive Care Unit analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Tele-Intensive Care Unit Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)