Tele Intensive Care Unit Market Projected to Reach USD 9.05 Billion by 2028

Vantage Market Research

Feb 24, 2022

The Global Tele Intensive Care Unit Market is expected to reach USD 9.05 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 16.1% from 2022 to 2028. The increase in demand for remote monitoring along with an increase in the geriatric population is anticipated to augment the growth of the market during the forecast period.

Key Findings:

  • The open with consultant’s segment held a significant share in 2021. This is attributable to the increase in deployment of tele-intensive care unit software and high efficiency in most of the healthcare organizations across the globe. The intensivist model is anticipated to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period.
  • The hardware segment held a substantial share in 2021. This is owing to the increase in the need for the components like computer systems, therapeutic devices physiological monitors, and display panels, among others in the healthcare domain due to the rise in various pandemic diseases.
  • Asia Pacific is expected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the increase in the target population and government initiatives for the advancement of the healthcare system in various emerging economies like China, and India in the region.

Some of key players in Tele Intensive Care Unit Market include - Inova (US), INTeLeICU (India), InTouch Technologies Inc. (US), Koninklijke Philips NV (Netherlands), Advanced ICU Care (US)..

The increasing demand for remote patient monitoring across the globe is expected to fuel the growth of the Tele Intensive Care Unit Market in the years to come. This is owing to the growing adoption of digital health and the elevation of the online healthcare industry. Remote patient monitoring helps healthcare providers, organizations, and physicians to collect health-based data about the patients they are treating using mobile devices. RPM uses the devices such as various fit bits, wearable heart monitors, glucose monitors, and Bluetooth-enabled scales, among others that help to acquire, transmit, process, and store patient data so physicians can retrieve it whenever they need it. Furthermore, these devices also reduce healthcare costs, help in chronic condition management, reduce the pressure on healthcare, and also improve patient outcomes which is also expected to augment the growth of the market in near future.

North America held the largest shares in 2021. This is attributable to the presence of well-established IT infrastructure, high-speed internet connectivity, and robust communication networks in the region. Furthermore, the presence of key telehealth service providers in the countries like the U.S. and the increasing use of remote monitoring devices is also augmenting the regional growth of the market.