Tele-Intensive Care Unit Market Size, Share & Trends Analysis Report By Type (Intensivist, Open with Consultants), By Component (Hardware, Software), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global tele-intensive care unit market size was valued at USD 3.17 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 14.9% from 2023 to 2030. Continuous rise in the demand for remote monitoring and growing old age population has been the vital driving factors in the market. Continuous real-time monitoring and remote access to patient data are the key features associated with these services. This reduces clinical decision time and facilitates efficient healthcare delivery. Moreover, the implementation of these systems improvises patient care.

According to the United Nations data published in 2017, around 960 million people were aged above 60 across the globe, accounting for 13.0% of the global population. The reduced length of stay is the important determinant offered by the remote intensive care units (ICU). The average reduction in hospital stays cuts unnecessary burdens on the patient. However, the high cost of technologies and implementation issues are expected to impede the market growth.

The growing need for frequent software advances and accessibility to newer versions are anticipated to drive the demand for software components. Although hardware components are costly, they are extensively employed in the market. The intensivist model is gaining traction owing to its ability to efficiently handle complications associated with the patients.

North America is a key regional market owing to the presence of strong IT infrastructure and exceptional internet connectivity. Asia Pacific is anticipated to witness significant growth over the forecast period. Countries including China, South Korea, and India are the key contributors to the regional market growth. In addition, huge target population and advancement of the healthcare system by the government are driving the tele-ICU market in the region.

Component Insights

The component segment consists of hardware and software. The hardware segment is anticipated to dominate the global market in 2022 and accounted for a share of 66.5% of the overall revenue. The hardware segment is further bifurcated into the computer system, communication lines, physiological monitors, therapeutic devices, video feed, and display panels. The hardware provides the clinicians in the command center and the ICU with the same patient data. The segment is driven by rising technological advances, and increasing adoption of digital health and telehealth.  Besides, remote patient monitoring heavily relies on telemedicine devices such as blood pressure, wearable EKG/ECG, biosensors; blood glucose monitors; digital medical scopes and accessories, and even wearable activity trackers like smartwatches. Thus, innovation in hardware is expected to create potential growth.

The software segment is expected to grow at the fastest rate with a CAGR of 15.8% over the forecast period. The software segment is driven by the increasing demand for rapid software advancements and accessibility to newer versions. Furthermore, the availability of newer versions and regular upgrading is expected to contribute towards the growth of this segment. Philips, the global leader in health technology showcased its eCareManager 4.1 telehealth software at the American Telemedicine Association (ATA) trade show in April 2017. The software enhances clinical decision support.

As the software analyzes the physiological condition of the patient and alerts clinicians if the patient’s condition deteriorates. It enables patient care without trying to constantly monitor all of their patients’ physiological parameters. A significant benefit of the tele-ICU system is the electronic nature of the data being transmitted as it allows for analysis for data archiving, quality improvement & documentation of the Tele-ICU system’s performance.

Type Insights

The type segment consists of open with consultant, intensivist, co-managed, open, and others. The open-with-consultants segment held 36.4% share of the overall revenue in 2022, owing to its deployment in many tele-intensive care unit software and high efficiency. The segment provide proper consultation which demonstrated the potential and feasibility of tele-ICU consultation and scheduled rounds. For instance, in August 2021, CVS and Teladoc partnered to launch CVS Health’s Aetna Virtual Primary Care. Through this partnership, CVS Health will utilize Teladoc’s physician network and providers to deliver virtual care services to patients remotely through video and telephonic consultations.

However, the intensivist model is anticipated to witness lucrative growth with a CAGR of 15.3% over the forecast period. The intensivist model employs a full-time intensive-care expert to handle the tele-ICU system. In this model, the patient’s problems are managed directly. The intensivist model offers efficient clinical decisions to counter any complications. The availability of the intensivists is expected to rise over the forecast period, thereby fueling the segment’s growth. However, the scarcity of adequate qualified intensivist staff limits its adoption all over.

Regional Insights

North America dominated the market with a revenue share of 43.3% in 2022 and is anticipated to grow lucratively throughout the forecast period. Factors such as the presence of advanced IT infrastructure, high-speed internet connectivity, and robust communication networks are propelling growth in the region. The rise in the geriatric population, increased burden of chronic conditions and increased awareness about digital health & virtual care platforms among healthcare providers & patients and the presence of developed hospital facilities has led the market growth. Alternatively, the presence of established key players operating in North America has boosted the market demand significantly. 

Asia Pacific is anticipated to witness lucrative CAGR of 16.0% throughout the forecast period and the growth is attributed to the increasing aging population, favorable government initiatives, and advancement of the healthcare system has presented a new growth opportunity for companies in the APAC region with the presence of countries such as China, South Korea, and India. For instance, in India, 5 million patients need ICU care every year, however, only 70,000 ICU beds & 6,000 intensivists are accessible. The combination of high critical care demand, insufficient staffing, and a growing elderly population is driving a need for tele-ICU implementation in India. Moreover, the vast target population and advancement of the healthcare system by the government have positively impacted the market in the region.

Tele-Intensive Care Unit Market Insights

Key players operating in the market include Advanced ICU Care, INOVA, Banner Health, Philips, iMDsoft, InTouch health, UPMC Italy, INTELEICU, Tele-ICU, and VISICU. The market is in a nascent stage; hence, partnerships and collaborations of hospitals with hardware and software vendors are notable strategic initiatives in the industry. For instance, in January 2018, Florida Hospital New Smyrna announced a partnership with Advanced ICU Care to offer tele-ICU services to critically ill patients admitted to the hospital.

Report Scope

Global Tele-Intensive Care Unit Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global tele-intensive care unit market report on the basis of component, type, and region:

• Component Outlook (Revenue, USD Million, 2015 - 2026)  

  • Hardware

    • Computer System

    • Communication Lines

    • Physiological Monitors

    • Therapeutic Devices

    • Video Feed

    • Display Panels

  • Software

• Type Outlook (Revenue, USD Million, 2015 - 2026)    

  • Intensivist

  • Co-managed

  • Open

  • Open With Consultants    

• Regional Outlook (Revenue, USD Million, 2015 - 2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE