The global tele-intensive care unit market size was estimated at USD 3.61 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2030. Demand for remote monitoring in the hospitals and growing geriatric population have been the major driving factors for the market growth. Tele-intensive care unit (ICU)s enable healthcare practitioners and resources to closely monitor ICU patients and permit caregivers to manage patients' care in multiple distant units. Similarly, reducing hospital stays minimizes unnecessary burdens on the patient and reduces the patient's healthcare expenses, further driving the market growth.
Moreover, adopting this tele-ICU software and hardware in hospitals improves patient care. Product offerings provide several advantages, such as reduced ICU complication rates, improved clinical staff productivity, and efficient care delivery. Similarly, this technology helps deliver patient care remotely with continuous real-time monitoring and remote access to patient data, reducing the need for department visits and the rate of hospitalizations.
According to data published by the United Health Foundation (America's Health Ranking) in 2022, in the U.S., around 58 million adults are aged 65 and older, accounting for 17.3% of the nation's population. Thus, rising geriatric population increased the demand for adult ICUs. In addition, the need for the tele-ICU is growing due to the increase in chronic obstructive pulmonary disease (COPD) cases. COPD affects 1 in 10 of the adult global population and is one of the three most common causes of death across the glob . For instance, according to the World Health Organization (WHO), in 2019, 3.23 million deaths were reported due to COPD. Besides, 90% of COPD-related fatalities in people under the age of 70 take place in low- to middle-income nations. Thus, rise in cases of COPD fuels the market growth.
In addition, introducing different tele-intensive care unit programs and delivering care to users is expected to boost the industry's growth. Tele-ICU supports improving patient outcomes, leverages the use of intensivists for managing patient care, and decreases cost. For instance, in February 2023, CLEW, a provider of artificial intelligence analytics platforms for healthcare sector, announced the launch of CLEW tele-ICU conversion and accelerator program. It includes an ICU workflow platform, FDA-cleared AI predictive models; & packaged integrations to monitoring, AV, and EMR equipment.
Market growth stage is high, and pace is accelerating. Tele-ICU market is characterized by a high degree of innovation owing to the rapid technological advancements driven by factors such as advancements in remote patient monitoring technologies and the availability of the internet (5G) connection system. Subsequently, innovative telemedicine applications are constantly emerging, disrupting existing industries and creating new ones.
The tele-ICU market is characterized by a medium level of merger and acquisition (M&A) activity by the leading players. This is due to several factors, including the desire to gain access to new telehealth technologies and increasing strategic importance of telehealth.
A robust medical-legal framework, including reimbursement, governance, and medical liability, was implemented to regulate tele-ICU care. These eased regulations for telehealth services have expanded access to tele-ICU and other services, which has supported the market growth.
Some key market players are expanding their tele-ICU services in new geographical regions to expand their reach and strengthen their market position. For instance, in April 2021, Hicuity Health, provider of telemedicine services extended its partnership with Appalachian Regional Healthcare and launched its new suite of tele-ICU care services at Highlands ARH Regional Medical Center.
Based on the component, the hardware segment held the largest market revenue share of 66.2% in 2023. The hardware segment is further bifurcated into the computer system, communication lines, physiological monitors, therapeutic devices, video feed, and display panels. Hardware provides the clinicians in the command center and the ICU with the same patient data. Rising technological advances and increasing digital health and telehealth adoption drive the market growth. 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 wearable activity trackers such as smartwatches and wristbands. Thus, innovation in hardware is expected to create potential growth.
The software segment is expected to grow fastest CAGR over the forecast period. Increasing demand for rapid software advancements and accessibility to newer versions drives the software segment. Furthermore, the availability of newer versions, favorable government initiatives, and regular upgrading are expected to contribute to growth of this segment. For instance, Bengaluru-based non-profit organization eGovernments Foundation and Google Cloud and Karnataka government's Department of Health and Family Welfare collaborated and introduced cloud-based remote intensive care unit (ICU) services at 41 state-run hospitals .
This software analyzes the patient's physiological condition 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 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.
Based on type, the open-with-consultants segment held the largest market revenue share of 36% in 2023, owing to its deployment in many tele-intensive care unit software and high efficiency. This segment provides proper consultation which demonstrates the potential and feasibility of tele-ICU consultation and scheduled rounds. For instance, in September 2023, Wheel Health, Inc. launched its latest virtual care platform to assist enterprise organizations with seamless care experiences.
The intensivist segment is anticipated to witness a significant CAGR during the forecast period. 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. This segment provides efficient clinical decisions to address any complications. The availability of intensivists is expected to rise over the forecast period, fueling the segment’s growth. However, lack of qualified intensivist staff hinders its widespread adoption.
North America dominated the market with a revenue share of 43.0% in 2023. Factors such as advanced IT infrastructure, high-speed internet connectivity, and robust communication networks propel regional growth. Increased burden of chronic conditions, increased awareness regarding digital health & virtual care platforms among healthcare providers & patients, rise in geriatric population, and presence of developed hospital facilities have led to market growth. Moreover, rising new product launches and presence of established key players operating in North America have boosted the market growth. For instance, in March 2022, Hicuity Health, a provider of high-acuity telemedicine services, has expanded its telemedicine services partnership with Baptist Health, a 9-hospital system. As part of this strategy, Hicuity Health has introduced its tele-ICU services at the Madisonville facility. These services provide critical care support to Baptist Health team members and their patients .
Asia Pacific region is anticipated to witness a fastest CAGR growth over the forecast period. Factors such as increasing aging population, favorable government initiatives, and advancement of the healthcare system have 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, 5 million patients in India 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 large target population and the advancement of the healthcare system by the government have positively impacted the market in the region.
Some of the key players operating in the tele-ICU market include Koninklijke Philips N.V., Inova, Hicuity Health, and InTouch health.
Koninklijke Philips N.V. operates in three business areas: diagnosis & treatment, connected care, and personal health. The company focuses on making strategic industrial developments to hold its strong position in the global telehealth market
Hicuity Health is a provider of acute care telemedicine services. The company offers ICU programs and evidence-based protocols, such as telemedicine care tools that connect healthcare staff with patients to enhance patient care
Banner Health, iMDsoft, and INTELEICU are some of the emerging market players in tele-intensive care unit market.
Banner Health is a non-profit organization in the U.S. It operates 28 acute-care hospitals and several specialized facilities
iMDsoft is a wholly owned subsidiary of N. Harris Computer Corporation. The company holds licenses for its systems to be used in over 400 hospitals across the globe
The following are the leading companies in the tele-intensive care unit market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these tele-ICU companies are analyzed to map the supply network.
In October 2023, HealthNet Global (HNG) introduced the Tele-ICU program at Apollo Spectra Hospitals, located in New Delhi. This program provides critical care services with remarkable accuracy, regardless of the distance or location
In September 2023, Apollo Telehealth launched tele-ICU and tele-emergency services at nine National Thermal Power Corporation (NTPC) plants in India. These services are available at NTPC plants in Kaniha, Korba, Vindhyachal, Ramagundam, Barh, Dadri, North Karanpura, Mauda, and Solapur
In July 2023, Medanta group of hospitals collaborated with GE HealthCare and launched Medanta e-ICU project in India.This platform offers real-time patient monitoring, even during odd hours, and enables early patient interventions
Report Attribute |
Details |
Market size value in 2024 |
USD 4.13 billion |
Revenue forecast in 2030 |
USD 9.55 billion |
Growth rate |
CAGR of 15.0% from 2024 to 2030 |
Base year for estimation |
2023 |
Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Component, type, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
U.S.; Canada; UK; Germany; France; Italy; Spain; Japan; China; India; Thailand; South Korea; Brazil; Mexico; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
Key companies profiled |
Koninklijke Philips N.V.; Inova; Banner Health; iMDsoft; InTouch health; UPMC Italy; INTELEICU; Tele-ICU; VISICU; Hicuity Health |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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 2018 to 2030. For this report, Grand View Research has segmented the tele-intensive care unit market based on component, type, and region.
Component Outlook (Revenue, USD Billion, 2018 - 2030)
Hardware
Computer System
Communication Lines
Physiological Monitors
Therapeutic Devices
Video Feed
Display Panels
Software
Type Outlook (Revenue, USD Billion, 2018 - 2030)
Intensivist
Co-managed
Open
Open With Consultants
Others
Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Norway
Denmark
Sweden
Asia Pacific
Japan
China
India
Australia
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
b. The global tele-intensive care unit market size was valued at USD 3.61 billion in 2023 and is expected to reach USD 4.13 billion in 2024.
b. The global tele-intensive care unit market is expected to grow at a compound annual growth rate of 15.0% from 2024 to 2030 to reach USD 9.55 billion by 2030.
b. The hardware segment dominated the tele-ICU market with a share of 66.2% in 2023. This is attributable to rising technological advances, and increasing adoption of digital health and telehealth.
b. Key players operating in the tele-ICU market include Koninklijke Philips N.V.; Inova; Banner Health; iMDsoft; InTouch health; UPMC Italy; VISICU; and Hicuity Health.
b. Key factors that are driving the market growth include continuous rise in the demand for remote monitoring and growing geriatric population.
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