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Empowering Patient Care: Global Medical Kiosks Market Poised for Remarkable 14.8% CAGR, According to BCC Research

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Feb. 14, 2024
Courtesy ofBCC Research

Boston: “According to the latest BCC Research study, the demand for Medical Kiosks: Global Market and Forecasts is estimated to increase from $1.4 billion in 2022 to reach $3.2 billion by 2028, at a compound annual growth rate (CAGR) of 14.8% from 2022 through 2028.” The comprehensive report on the medical kiosks market delivers a thorough analysis of its current landscape and future potential. Encompassing a detailed examination of global market dynamics, including the competitive environment, regulatory landscape, drivers, restraints, opportunities, and emerging trends, the report extends its focus to encompass the impact of wars and evolving technologies. With projections extending through 2028, the study encompasses key market players and scrutinizes medical kiosks across types (check-in, payment, way-finding, telemedicine, self-service, and others) and end-users (hospitals, clinics, laboratories, pharma stores, and others). A meticulous regional breakdown covers North America, Europe, Asia-Pacific, and the Rest of the World, providing insights into major countries. Utilizing 2022 as the base year, the report offers revenue estimates, forecasting values for 2023 through 2028 in constant U.S. dollars, reflecting the unadjusted impact of inflation on revenue from medical kiosk companies.

Medical kiosks are at the forefront of a transformative shift in the healthcare industry, aligning with the growing preference for telemedicine, wearable data integration, and proactive self-care. As technology-savvy younger demographics age, the natural extension of their health management includes utilizing medical kiosks for routine screenings, basic exams, and health metric tracking within the app-based healthcare ecosystem they favor. In the current landscape, North America leads the medical kiosks market, driven by early technology adoption, high healthcare costs, and a tech-savvy population. While North America and Western Europe dominate the market presently, the Asia Pacific region is poised for substantial growth, fueled by increasing healthcare infrastructure and digital health penetration, particularly in countries like India and China. Addressing persistent healthcare disparities, targeted deployment of medical kiosks in underserved communities, supported by government initiatives, could bridge access gaps, offering cost-effective diagnostic tests, self-service checks, and connections for follow-up care in rural or economically challenged urban areas.

Growth of Self-Service Culture across Various Industries: Patients are increasingly seeking alternatives to in-person interactions and lengthy queues when accessing various services. Medical kiosks present a convenient and efficient solution to address this demand. The rising acceptance of digital services involves utilizing technology, such as telemedicine, electronic health records, and other digital tools. Integrating medical kiosks with these digital technologies enhances the overall experience, providing a more seamless and integrated approach to accessing services.

Advancements in Telehealth Technologies: The escalating prevalence of chronic diseases coupled with a shortage of healthcare professionals places a strain on the industry. Addressing these challenges, telemedicine kiosks emerge as transformative solutions, offering virtual check-ups and consultations. This not only alleviates the workload on physicians but also translates to cost savings and enhanced care quality. Telemedicine kiosks play a crucial role in delivering health education, diagnosis, treatment, and referral services to remote and underserved areas.

Government Backing and Regulatory Support: Governments worldwide are actively endorsing the use of health kiosks to enhance healthcare accessibility and affordability. Notably, the U.S. government`s Health Resources and Services Administration (HRSA) Telehealth Network Grant Program provides funding for telehealth networks utilizing medical kiosks in rural and underserved areas.

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