Telemedicine Cart Market Size By Product (Single Display Cart, Dual Display Cart), By Operation (Powered {LiFe Powered Carts, SLA Powered Carts}, Non-powered), By Lift Technology (Manual, Electronic), By End-use (Hospitals, Clinics, Specialty Centers, Hom

Telemedicine Cart Market Size By Product (Single Display Cart, Dual Display Cart), By Operation (Powered {LiFe Powered Carts, SLA Powered Carts}, Non-powered), By Lift Technology (Manual, Electronic), By End-use (Hospitals, Clinics, Specialty Centers, Home Care Settings), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 - 2028

The global telemedicine cart market is estimated to expand at a significant rate through 2028 owing to advancements in healthcare facilities in hospitals and clinics.

As the COVID-19 virus takes a toll on the public health system, telemedicine is gaining traction as a way for healthcare professionals and caretakers to better address the needs of people who have been infected with the virus and people who need to check in with their doctors about their health. Telemedicine is contributing significantly to healthcare during the pandemic, which has played a critical role in industry expansion in the past few years.

Notably, healthcare has seen a sharp rise in the presence of large-scale direct-to-consumer telemedicine companies that are aiming to provide care to patients who may be unsure when they need care after indicating potential symptoms associated with the coronavirus infection. Therefore, rising adoption of technically advanced solutions in the sector has been favorable for market outlook.

Furthermore, industry players in the telemedicine cart market have been investing in product development to extend their consumer reach, which has positively influenced overall business growth. For instance, in November 2020, Amwell, formerly known as American Well, the US-based telemedicine company, introduced its C500 telemedicine cart that was designed to help healthcare providers perform efficient and high-quality remote assessment along various specialties. With this move, the firm intended to help healthcare organizations employ telehealth as a safe and quality care solution during the COVID-19 pandemic.

The telemedicine cart market has been segmented in terms of lift technology, operation, product, end-use, and region. Based on product, the industry has been divided into single display cart and dual display cart. In 2021, the single display cart sub-segment accumulated above 40.8% market share and is poised to witness solid growth through 2028.

With respect to operation, the market has been classified into powered and non-powered. Owing to increasing demand, the non-powered sub-segment is anticipated to grow at about 17.9% CAGR over the analysis timeframe.

In terms of lift technology, the telemedicine cart market has been categorized into manual and electronic. In 2021, the manual sub-segment held over 40.5% market share and is slated to progress at a substantial pace over 2022-2028.

Based on end-use, the telemedicine cart industry has been segmented into specialty centers, hospitals, clinics, and home care settings. The hospitals sub-segment is projected to grow at a CAGR of approximately 17.5% over the forecast timeline to reach a notable valuation by 2028.

In the regional landscape, the Latin America telemedicine cart market accounted for above 3.3% of the overall industry revenue in 2021 and is set to observe optimistic growth over the review timeline. Meanwhile, the Middle East & Africa telemedicine cart industry is projected to register steady growth at more than 18.8% CAGR through the forecast period.