Tele ICU market is anticipated to grow at a significant CAGR of 18.5% during the forecast period. An increase in the volume of surgical procedures globally along with the increasing demand for remote patient monitoring are anticipated to drive market growth. The advantages offered by tele-ICU such as the low-cost method of connecting intensivists with hospitals, earlier interventions for critically ill patients, are further increasing their adoption. The rising burden of chronic disorders such as heart diseases that require immediate actions has further created demand for the tele ICU market.

According to World Health Organization (WHO), around 17.9 million fatalities occur each year due to these heart diseases, which is estimated to be around 31.0% of the global fatalities. Amongst these fatalities, around 7.4 million people had Congenital heart disease (CHD). Approximately 6.7 million fatalities occurred due to a stroke. Furthermore, by 2030, it has been projected that Cardiovascular disease (CVD) will be responsible for 23.6 million mortalities around the globe.

Fatalities due to CVD, 2012 & 2030 (Million)

Source: WHO, American Heart Association

In January 2023, Google Cloud and eGovernment Foundation along with the Directorate of Health and Family Welfare Government of Nagaland has launched the Tele ICU hub at Naga Hospital Authority. Under this programme, the foundation will set up 200 ICU units across the project states. The Tele ICU hub at Naga Hospital Authority comes equipped with large 4K monitors and desktops while the peripheral 10BedICUs are equipped with desktops, servers, high-resolution cameras, and medical devices connected via LAN. The rising inclination of government towards establishment of such services across emerging economies is offering lucrative opportunities to the market growth.

Segmental Outlook

The global tele ICU market is segmented based on component, and type of management. Based on component, the market is segmented into hardware, software and services. Based on type of management, the market is segmented into intensivist, open, co-managed, open with consultants, and other types of management. 

Open with Consultant Held Considerable Share in Global Tele ICU Market

The open-with-consultants segment held considerable share in the global market. The large-scale deployment of this type of management in many tele-ICUs software with high efficiency is a key contributor to the growth of this market segment. 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.

Regional Outlook

The global tele ICU market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). 

Global Tele Intensive Care Unit (ICU) Market Growth by Region 2023-2030

Asia-Pacific to Exhibit the Highest CAGR during the Forecast Period

Among all regions, the Asia-Pacific region is anticipated to grow at a considerable CAGR over the forecast period. The increasing focus of regional government towards digitalization of healthcare to meet the growing demand for quality healthcare on time is a key factor driving the regional market growth. For instance, in November 2021, the Gujarat government has 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. Further in May 2022, Manipur Chief Minister N Biren Singh has inaugurated the first-ever Tele-ICU Hub including a 10-bed ICU ward at the state-run Jawaharlal Nehru Institute of Medical Sciences (JNIMS), Imphal. With the Tele-ICU facilities, patients being treated at ICU in different districts hospitals and other Tele-ICU supported hospitals will be able to access observation by specialist doctors through the hub set up at JNIMS.

Market Players Outlook

The major companies serving the global tele ICU market include Inova, INTeLeICU, InTouch Technologies Inc., Koninklijke Philips NV, and Advanced ICU Care, among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2022, Equum Medical added CLEW Medical's cloud-based Tele ICU platform to its ecosystem of technology partners that help it deliver virtual critical care services. The partnership will drive greater clinician efficiency in providing intensive care, an area that many hospitals are struggling with as a result of rising patient acuity and pandemic-related staffing shortages.

Similarly in August 2022, MUSC Health collaborated with Hicuity Health to address acute care needs for patients in the Midlands. The companies are looking forward to partnering with the hospital's clinical team to provide the highest quality acute care within the community. Hicuity Health is currently contracted to serve more than 130 facilities in 30 states. Hicuity Health's team of US board-certified providers and other clinicians conducts 1.2 million patient interactions annually while caring for 120,000 patients.

The Report Covers

• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global tele ICU market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.