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Comprehensive Analysis of the Medical Kiosk Market 2024
Medical Kiosk Market
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According to The Business Research Company's, The medical kiosk market size has grown rapidly in recent years. It will grow from $1.46 billion in 2023 to $1.71 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to patient engagement, healthcare cost reduction, patient empowerment, government initiatives, chronic disease management, healthcare facility modernization, increased patient load.
The medical kiosk market size is expected to see rapid growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to telemedicine expansion, personalized healthcare, data security enhancement, rural healthcare access, health monitoring integration, global aging population, healthcare policy changes. Major trends in the forecast period include patient self-service and empowerment, data security and compliance, touchless interfaces and sanitization, integration with electronic health records (ehr), customization for diverse healthcare settings, expanded service offerings.
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Market Drivers and Trends:
The increase in telehealth and telemedicine is expected to propel the growth of medical kiosk market going forward. Telehealth refers to the use of telecommunications technology to provide a wide range of healthcare services and information remotely, while telemedicine specifically involves remote clinical consultations and healthcare delivery. Medical kiosks play a vital role in remote healthcare by offering on-site platforms for virtual consultations, data transmission, and patient engagement. They expand telehealth to various settings, enhancing accessibility in pharmacies and workplaces. For instance, in October 2022, according to Centers for Disease Control and Prevention, a US-based government agency, in 2021, telemedicine was utilized by 37.0% of adults within the preceding 12 months. Therefore, the increase in telehealth and telemedicine is driving the growth of medical kiosk market.
Penetration of touch screen technology is a key trend in the medical kiosk market. Major companies operating in the market are utilizing touch screen technology, an electronic visual display that detects the presence of touch, usually by hand or finger, within its field of view, in their medical kiosk systems. For instance, in August 2020, Advantech, a Taiwan-based company specializing in providing automation solutions, launched UTK-752, a self-service kiosk with a 21.5-inch interactive modular touchscreen. This modular solution delivers exceptional computing performance for diverse self-service applications due to its in-built fanless 6th generation Intel Core i5-6300U processor and up to 16GB of DDR3L memory. Additionally, the UTK-752 is a flexible solution for self-checkout, self-registration, self-order, check-in, queue management, pick, ticket, and collect service, and virtual reception applications.
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Major Key Players of the Market:
Olea Kiosks Inc., Fabcon Inc., Meridian Kiosks, XIPHIAS Software Technologies Pvt. Ltd., REDYREF Interactive Kiosks, KIOSK Information Systems, Frank Mayer and Associates Inc., Kiosks4business Ltd., DynaTouch Corporation, Pyramid Computer GmbH, Nanonation Inc., Zebra Technologies Corporation, AU Optronics Corp., Diebold Nixdorf Inc., NCR Voyix Corporation, LamasaTech Ltd., Lilitab LLC, Parabit Systems Inc., Qwick Media Inc., JCM American Corporation, Advantech Co. Ltd., Cammax Limited, Elo Touch Solutions Inc., Embross North America Ltd., Honeywell International Inc., Samsung Electronics Co. Ltd., ZIVELO Inc, VeriFone Inc, Clearwave Corporation, Healthware Systems
Medical Kiosk Market 2024 Key Insights:
• The medical kiosk market size is expected to see rapid growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%.
• Surge In Digital Health Adoption Fuels Growth In The Medical Kiosk Market
• Touch Screen Technology Transforming The Medical Kiosk Market
• North America was the largest region in the medical kiosk market in 2023
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