Tele- Intensive Care Unit (ICU) Market, By Component (Hardware, Therapeutic Devices, Video Feed, Computer System, Communication Lines, Physiological Monitors, Display Panels, and Software), By Type (Intensivist, Open, Co-managed, Open with Consultants), and By Geography (EU, NA, APAC, LATAM, and MEA) Analysis, Size, Share, Trends, & Forecast from 2020-2026
REPORT HIGHLIGHT
Tele- intensive care unit (ICU) market was valued at USD 1.96 billion by 2018, growing with 15.8% CAGR during the forecast period, 2020-2026.
Tele-Intensive Care Units or Tele-ICU are advanced systems used to treat patients by making use of off-site clinical resources. It is an application of telemedicine that is used to conduct various medical activities such as rehabilitation, treatment, and monitoring by the exchange of medical information. Tele-ICU helps in linking the critical care team with the bedside ICU team situated at a distant location with the help of monitoring systems and audiovisual communication. A Tele-ICU system comprises hardware that collects the data and transmits of patients from the remote ICU to the doctor at a distant location through a command center. The collected information is transmitted by the means of treatment & medical records and the physiological status of patients.
Market Dynamics
The increasing old age population and the growing demand for remote monitoring are the major factors driving the growth of the global tele-ICU market. According to the World Health Organization (WHO), the population of people aged 60 years and above was 900 million in 2015 and this number is expected to increase to 2 billion by the end of 2050. Besides, technological advancements in the healthcare sector and the growing prevalence of chronic diseases are other factors boosting the market growth. Moreover, aggressive strategies adopted by prominent industry players and the rising R&D spending are predicted to create lucrative opportunities in the overall market during the forecast period. Conversely, lack of adequate reimbursement policies and highs costs associated with the establishment of Tele-ICU centers are expected to hinder the market growth in the coming future.
Component Takeaway
On the basis of components, the worldwide tele-ICU market is categorized into hardware and software. Among these, the hardware category played a dominant role in the overall market in 2019 and is anticipated to continue its dominance during the forecast period. This is mainly because hardware components are used in large volumes despite the high cost associated with them. The hardware segment is further sub-categorized into the communication lines, computer system, physiological monitors, display panels, video feed, and therapeutic devices.
On the other hand, the software component segment is projected to experience significant growth during the study period owing to its regular up-gradation and availability of newer versions. Recently, in October 2019, Philips Healthcare launched its telehealth software platform, Sentry Score, which is the newest addition to the company’s suite of Clinical Performance Applications. This software is a proprietary predictive algorithm for the adult ICU that shows the probability of a patient is receiving an intervention within 1 hour. Such introductions would, in turn, support the segment growth to certain extent.
Type Takeaway
Based on the type, the overall tele-ICU market is categorized into intensivist, open, c-managed, and open with consultants. Of these, the open with consultants segment registered majority of share in terms of revenue in 2019. The segment is also expected to witness considerable growth during the forecast period. This growth is majorly owing to the high efficiency of open with consultants and its deployment in much tele-ICU software.
On the other hand, the intensivist segment is estimated to witness significant growth by 2026 as this model employs a full-time intensive care expert to handle the tele-intensive care unit system. The intensivist model provides efficient clinical decisions in order to deal with any complications. The demand for intensivists is estimated to increase during the forecast period, which will impel the segmental market growth.
Regional Takeaway
Regionally, the global industry is divided into North America, Latin America, Asia Pacific, Middle East & Africa, and Europe. The North America region subjugated the global tele-ICU market in 2019 and is anticipated to continue its dominance throughout the forecast. This dominance is attributed to the presence of IT infrastructure, connectivity of high-speed internet, and strong communication networks. In addition, increasing usage of remote monitoring tools and the presence of the major telehealth service providers in the U.S. are propelling the regional market growth.
The Asia Pacific market for tele-ICU is anticipated to witness lucrative growth in the projected timeframe owing to favorable government initiatives regarding the development of the healthcare system and economic strides in the emerging countries such as India, China, and South Korea.
COVID-19 Impact
The sudden outbreak of COVID-19 has hugely impacted the global Tele-ICU market in a negative way. The major players operating the overall market are facing issues in continuing their production facilities in a fully functional way owing to the shortage of resources and staff amidst the COVID-19 pandemic. Thus, the key players of the market are implementing several strategies to sustain in this unprecedented situation. However, this market will witness a substantial growth post-coronavirus crisis.
Key Vendor Takeaway
The leading players functioning in the global tele-ICU market include Banner Health, InTouchhealth, Philips, Advanced ICU Care, iMDsoft, Eagle Telemedicine, UPMC Italy, INTELEICU, TeleICU, INOVA, VISICU, and SOC Telemed. These players are adopting several strategies such as mergers & acquisitions and novel product and software developments to hold a strong position in the global industry.
For instance, in January 2020, Advanced ICU Care, launched the ‘Regional Medical Center (RMC)’, which is a non-profit hospital in Orangeburg, SC, that provides leading-edge care tele-ICU care services. The company aims to provide patients with high quality and compassionate care every day.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2015 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2026
TARGET AUDIENCE
- Traders, Distributors, and Suppliers
- Manufacturers
- Government and Regional Agencies
- Research Organizations
- Consultants
- Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
KEY PLAYERS
- INOVA
- VISICU
- iMDsoft
- Eagle Telemedicine
- UPMC Italy
- INTELEICU
- TeleICU
- Banner Health
- InTouchhealth
- Philips Healthcare
- Advanced ICU Care
- SOC Telemed
TELE-ICU MARKET, BY COMPONENT
- Software
- Hardware
- Therapeutic Devices
- Video Feed
- Computer System
- Communication Lines
- Physiological Monitors
- Display Panels
TELE-ICU MARKET, BY TYPE
- Open
- Co-managed
- Intensivist
- Open With Consultants
TELE-ICU MARKET, BY REGION
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. TELE-ICU MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Component
2.1.2. Market Snippet by Type
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. TELE-ICU KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. TELE-ICU INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
4.5. COVID-19 Impact Analysis
4.5.1. Pre-COVID-19 Impact Analysis
4.5.2. Post-COVID-19 Impact Analysis
5. TELE-ICU MARKET LANDSCAPE
5.1. Market Share Analysis
5.2. Key Innovators
5.3. Breakdown Data, by Key manufacturer
5.3.1. Established Player Analysis
5.3.2. Emerging Player Analysis
6. TELE-ICU MARKET – BY COMPONENT
6.1. Overview
6.1.1. Segment Share Analysis, By Component, 2019 & 2026 (%)
6.2. Hardware
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.1. Computer System
6.2.2.1.1. Overview
6.2.2.1.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.2. Communication Lines
6.2.2.2.1. Overview
6.2.2.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.3. Physiological Monitors
6.2.2.3.1. Overview
6.2.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.4. Therapeutic Devices
6.2.2.4.1. Overview
6.2.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.5. Video Feed
6.2.2.5.1. Overview
6.2.2.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.2.2.6. Display Panels
6.2.2.6.1. Overview
6.2.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
6.3. Software
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7. TELE-ICU MARKET – BY TYPE
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2019 & 2026 (%)
7.2. Intensivist
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.3. Open
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.4. Co-managed
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
7.5. Open with Consultants
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8. TELE-ICU MARKET– BY GEOGRAPHY
8.1. Introduction
8.1.1. Segment Share Analysis, By Region, 2019 & 2026 (%)
8.2. North America
8.2.1. Overview
8.2.2. Key Manufacturers in North America
8.2.3. North America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.2.4. North America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.2.5. North America Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
8.2.6. U.S.
8.2.6.1. Overview
8.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.2.7. Canada
8.2.7.1. Overview
8.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3. Europe
8.3.1. Overview
8.3.2. Key Manufacturers in Europe
8.3.3. Europe Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.3.4. Europe Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.3.5. Europe Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
8.3.6. Germany
8.3.6.1. Overview
8.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.7. Italy
8.3.7.1. Overview
8.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.8. United Kingdom
8.3.8.1. Overview
8.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.9. France
8.3.9.1. Overview
8.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.3.10. Rest of Europe
8.3.10.1. Overview
8.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4. Asia Pacific (APAC)
8.4.1. Overview
8.4.2. Key Manufacturers in Asia Pacific
8.4.3. Asia Pacific Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.4.4. Asia Pacific Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.4.5. Asia Pacific Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
8.4.6. India
8.4.6.1. Overview
8.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.7. China
8.4.7.1. Overview
8.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.8. Japan
8.4.8.1. Overview
8.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.9. South Korea
8.4.9.1. Overview
8.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.4.10. Rest of APAC
8.4.10.1. Overview
8.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5. Latin America
8.5.1. Overview
8.5.2. Key Manufacturers in Latin America
8.5.3. Latin America Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.5.4. Latin America Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.5.5. Asia Pacific Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
8.5.6. Brazil
8.5.6.1. Overview
8.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.7. Mexico
8.5.7.1. Overview
8.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.8. Argentina
8.5.8.1. Overview
8.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.5.9. Rest of LATAM
8.5.9.1. Overview
8.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6. Middle East and Africa
8.6.1. Overview
8.6.2. Key Manufacturers in Middle East and Africa
8.6.3. Middle East and Africa Market Size and Forecast, By Country, 2015 – 2026 (US$ Million)
8.6.4. Middle East and Africa Market Size and Forecast, By Type, 2015 – 2026 (US$ Million)
8.6.5. Middle East and Africa Market Size and Forecast, By Component, 2015 – 2026 (US$ Million)
8.6.6. Saudi Arabia
8.6.6.1. Overview
8.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
8.6.7. United Arab Emirates
8.6.7.1. Overview
8.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2015 – 2026, (US$ Million)
9. KEY VENDOR ANALYSIS
9.1. Banner Health
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Type Benchmarking
9.1.4. Strategic Initiatives
9.2. InTouchhealth
9.3. Philips Healthcare
9.4. Advanced ICU Care
9.5. iMDsoft
9.6. Eagle Telemedicine
9.7. UPMC Italy
9.8. INTELEICU
9.9. TeleICU
9.10. INOVA
9.11. VISICU
9.12. SOC Telemed
9.13. Others
10. 360 DEGREE ANALYSTVIEW
11. APPENDIX
11.1. Research Methodology
11.2. References
11.3. Abbreviations
11.4. Disclaimer
11.5. Contact Us
List of Tables
TABLE List of data sources
TABLE Market drivers; Impact Analysis
TABLE Market restraints; Impact Analysis
TABLE Tele-ICU market: Type Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Type
TABLE Global Tele-ICU market, by Type 2015-2026 (USD Million)
TABLE Tele-ICU market: Component Snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Component
TABLE Global Tele-ICU market, by Component 2015-2026 (USD Million)
TABLE Tele-ICU market: Regional snapshot (2018)
TABLE Segment Dashboard; Definition and Scope, by Region
TABLE Global Tele-ICU market, by Region 2015-2026 (USD Million)
TABLE North America Tele-ICU market, by Country, 2015-2026 (USD Million)
TABLE North America Tele-ICU market, by Type, 2015-2026 (USD Million)
TABLE North America Tele-ICU market, by Component, 2015-2026 (USD Million)
TABLE Europe Tele-ICU market, by Country, 2015-2026 (USD Million)
TABLE Europe Tele-ICU market, by Type, 2015-2026 (USD Million)
TABLE Europe Tele-ICU market, by Component, 2015-2026 (USD Million)
TABLE Asia Pacific Tele-ICU market, by Country, 2015-2026 (USD Million)
TABLE Asia Pacific Tele-ICU market, by Type, 2015-2026 (USD Million)
TABLE Asia Pacific Tele-ICU market, by Component, 2015-2026 (USD Million)
TABLE Latin America Tele-ICU market, by Country, 2015-2026 (USD Million)
TABLE Latin America Tele-ICU market, by Type, 2015-2026 (USD Million)
TABLE Latin America Tele-ICU market, by Component, 2015-2026 (USD Million)
TABLE Middle East and Africa Tele-ICU market, by Country, 2015-2026 (USD Million)
TABLE Middle East and Africa Tele-ICU market, by Type, 2015-2026 (USD Million)
TABLE Middle East and Africa Tele-ICU market, by Component, 2015-2026 (USD Million)
List of Figures
FIGURE Tele-ICU market segmentation
FIGURE Market research methodology
FIGURE Value chain analysis
FIGURE Porter’s Five Forces Analysis
FIGURE Market Attractiveness Analysis
FIGURE COVID-19 Impact Analysis
FIGURE Pre & Post COVID-19 Impact Comparision Study
FIGURE Competitive Landscape; Key company market share analysis, 2018
FIGURE Type segment market share analysis, 2019 & 2026
FIGURE Type segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Intensivist market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Open market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Co-managed market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Open with Consultants market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Component segment market share analysis, 2019 & 2026
FIGURE Component segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Hardware market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Computer System market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Communication Lines market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Physiological Monitors market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Therapeutic Devices market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Video Feed market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Display Panels market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Software market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Regional segment market share analysis, 2019 & 2026
FIGURE Regional segment market size forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE North America Tele-ICU market share and leading players, 2018
FIGURE Europe Tele-ICU market share and leading players, 2018
FIGURE Asia Pacific Tele-ICU market share and leading players, 2018
FIGURE Latin America Tele-ICU market share and leading players, 2018
FIGURE Middle East and Africa Tele-ICU market share and leading players, 2018
FIGURE North America market share analysis by country, 2018
FIGURE U.S. Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Canada Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Europe Tele-ICU market share analysis by country, 2018
FIGURE Germany Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Spain Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Italy Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE UK Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE France Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of the Europe Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Asia Pacific Tele-ICU market share analysis by country, 2018
FIGURE India Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE China Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Japan Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE South Korea Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Singapore Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of APAC Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Latin America Tele-ICU market share analysis by country, 2018
FIGURE Brazil Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Mexico Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Argentina Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Rest of LATAM Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE Middle East and Africa Tele-ICU market share analysis by country, 2018
FIGURE Saudi Arabia Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
FIGURE United Arab Emirates Tele-ICU market size, forecast and trend analysis, 2015 to 2026 (USD Million)
