Tele Intensive Care Unit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Tele Intensive Care Unit Market 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.

Market Snapshot

Tele Intensive Care Unit Market Summary
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: 16.85 %
Tele Intensive Care Unit Market Major Players

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Market Overview

The Tele-Intensive Care Unit Market is projected to register a CAGR of 16.85% during the forecast period (2022-2027).

As the COVID‐19 pandemic continues to expand throughout the world, innovative methods are required to involve residents in the care of critically ill COVID‐19 patients. Telemedicine is one of the promising technologies which is having a significant focus during the pandemic. Several initiatives and implementations have been carried out by various government organizations and market players related to tele ICU which are likely to drive the market growth. For instance, in November 2021, the Gujarat government planned to rope in private doctors to start tele-ICU services that are expected to ease the pressure on government hospitals and health centers in rural and remote areas that have a dearth of specialized doctors. Thus, in a view of the aforementioned factors, the pandemic is likely to have a significant impact on the market studied.

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. Additionally, the rise in the geriatric population and chronic diseases among the target population is anticipated to drive market growth over the forecast period.

With the increasing geriatric population and prevalence of chronic diseases, there is a growing need to find new ways of improving patient outcomes, increasing access to care, and reducing the cost of medical care. According to the Centers for Disease Control and Prevention (CDC) data updated in July 2022, in the United States, 6 in 10 adults have a chronic disease and 4 in 10 adults have two or more chronic diseases which include heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes. Also, chronic diseases account for the nation’s USD 4.1 trillion in annual health care costs. Using tele-ICU that provides real-time services to multiple care centers regardless of their locations. Also, health information can be exchanged from one hospital’s critical care unit to another through electronic communications while using tele-ICU, this saves huge amount of cost as well as time. Hence, it is expected to drive the tele-intensive care unit market, overall.

Moreover, the data published in October 2021 by World Health Organization (WHO) reported that the pace of population aging is much faster than in the past and 1 in 6 people in the world will be aged 60 years or over by 2030. At this time, the share of the population aged 60 years and over will increase and will nearly double from 12% to 22% by 2050. As the aging population creates an increase in health-related issues, especially cardiovascular and neurological diseases, the hospitalization of patients is also expected to rise. This hospitalization is likely to lead to some sort of surgeries that require intensive care, and this is expected to drive the tele-intensive care unit market.

Therefore, owing to the factors mentioned above the studied market is expected to grow over the forecast period. However, factors such as high cost of treatment and expensive setup, it is difficult for countries to fund high initial capital requirements for telemedicine, which is hindering the growth of the market studied.

Scope of the Report

Tele-intensive care unit (ICU) provides additional clinical support and surveillance. Tele-ICU with the bedside team can provide support care for the patient without any distraction and deliver timely interventions. The major purpose of the tele-ICU system is not to replace the bedside clinicians or bedside care, but to provide improved safety through redundancy and enhance outcomes through standardization. The Tele Intensive Care Unit market 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 market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) 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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Key Market Trends

Devices Sub-segment is Expected to Witness Growth Over the Forecast Period

In the hardware segment of the market studied, the therapeutic devices sub-segment is expected to have a significant market share. The role of telemedicine through therapeutic devices in ICU is unavoidable, as telemedicine has witnessed high success rates in patients in critical care. Therapeutic devices are a valuable link between the small and large hospital chains to deliver better quality care. This is expected to drive segment growth over the forecast period.

The therapeutics devices have achieved success in transferring neurological/cancer– examinations, diagnosis, and consultations, across a range of distances in several developed countries. In the past decade, there were several studies being conducted by engineers and clinicians to apply robotic devices in multiple indications of heart and brain, such as stroke therapy. The therapeutic devices are highly useful in the decentralized tele-ICU. Owing to such advantages of the devices the developments are increasing in the segment.

For instance, in March 2022, Royal Philips’s Collaboration Live received an expansion of its Food & Drug Administration 510(k) market clearance for remote diagnostic use on additional mobile platforms. Available on Philips Ultrasound Systems EPIQ and Affiniti, Collaboration Live allows clinicians to collaborate in real-time with colleagues to complete image acquisition and diagnosis regardless of location. In addition, 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. The introduction of Hicuity Health tele-ICU at the Madisonville facility provided critical care support to its Baptist Health team members and their patients. Such advancements are predicted to facilitate segment growth.

Moreover, many nursing activities are increasing their dependency and providing better patient management through therapeutic devices, even when they are disengaged from the therapeutic interactions. An increase in the number of cancer research centers, which use teletherapy under radiation therapy, where external beams are involved in the treatment of cancer is being observed. Therapeutic devices under tele-ICU are aiding its importance, with the potential to help providers and caregivers to improve post-acute care, specifically for patients leaving the ICUs.

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

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

North America is Expected to Dominate the Market Over the Forecast Period

North America is the fastest-growing region in the global Tele-intensive Care Unit Market over the forecast period. Owing to the growing geriatric population, and increase in the prevalence of chronic diseases, various government initiatives in the studied market are anticipated to grow over the forecast period.

Additionally, the economic developments will also fuel the market growth in the countries of North America. Among other countries, the United States is anticipated to show growth in the tele-intensive care unit market. The recent developments in the form of collaborations, government initiatives, and partnerships are among other primary factors which are fuelling the market growth.

For instance, in an article published in March 2021 by “Critical Care Explorations” stated that Many health systems have used Tele-ICU extensively to provide critical care support to the bedside teams during the current pandemic in the United States. Additionally, as per the source mentioned above, tele-ICU technology was developed to offset the projected shortage of critical care physicians in the United States, and the researchers of the study established a tele-ICU collaboration between Northwell Health and Providence/St. Joseph’s Health.

In addition, in December 2021, Teladoc Health partnered with the National Labor Alliance (NLA) of Health Care Coalitions to provide its full array of virtual care products and services. Teladoc Health's general medical, specialty care, mental health, expert medical services, chronic disease management, and virtual primary care programs are currently available to the NLA's Coalitions, member Funds, and six million members in all 50 states as part of the exclusive endorsement. Thus, such research and developments in the country are expected to drive market growth in the country.

Therefore, owing to the factors mentioned above the market studied is anticipated to grow over the forecast period in the North America region.

Tele Intensive Care Unit Market - Growth Rate By Region

Competitive Landscape

The tele-intensive care unit market is highly competitive and consists of several major 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 with less prices. Companies, like INTeLeICU, Philips (VISICU), InTouch Technologies Inc., and Inova, hold the substantial market share in the tele-intensive care unit market.

Recent Developments

  • In May 2022, Manipur, India 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.
  • In January 2022, Avel eCARE, a telehealth network, and virtual hospital helped to develop the federally funded initiative known as the National Emergency Tele-Critical Care Network and 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.

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 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      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 million)

    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 Eagle Telemedicine

      3. 6.1.3 iMDsoft

      4. 6.1.4 Inova

      5. 6.1.5 INTeleICU

      6. 6.1.6 Teladoc Health Inc.

      7. 6.1.7 Koninklijke Philips NV

      8. 6.1.8 SOC Telemed

      9. 6.1.9 Apollo Hospitals (Apollo Telehealth Services)

      10. 6.1.10 Banner Health

      11. 6.1.11 Ceiba Healthcare

      12. 6.1.12 CLEW

      13. 6.1.13 VeeMed

      14. 6.1.14 Intercept Telemed

      15. 6.1.15 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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Frequently Asked Questions

The Global Tele Intensive Care Unit Market market is studied from 2019 - 2027.

The Global Tele Intensive Care Unit Market is growing at a CAGR of 16.85% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

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

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