Global Medical Kiosk Market 2023-2030

Global Medical Kiosk Market 2023-2030

Global Medical kiosk Market Size, Share & Trends Analysis Report by Type (Check-In Kiosks, Payment Kiosks, Way Finding Kiosks, Telemedicine Kiosks, Self-Service/ Informative Kiosks, and Other Kiosks), and by End-Users (Hospitals, Clinics, Pharma Stores, and Other End-Users), Forecast Period (2023-2030)

The global medical kiosk market is anticipated to grow at a significant CAGR of 14.5% during the forecast period (2023-2030). The growing advancement in kiosk technology such as IoT and AI in the healthcare sector is a key driver of the global medical kiosk market. Self- service kiosk plays a crucial role in the hospital by installing health ATM installed in the institution that support in cutting costs by no longer utilizing paper, forms filling, and mountains of paperwork shifting to get patient's information because of self-check-ins. Additionally, it enables nurses to spend more time on patient care and less time on office work. Thus, adaption of health kiosk will support market growth.

For instance, according to HealthEC, LLC report 2021, the Alliance for Integrated Care of New York's (AICNY) inpatient spending declined by 6.0% throughout the year's first three quarters. The installation of tele-triage kiosks reduced ER visits by 11.0% and hospital admissions by 7.0% in group homes for adults with intellectual and developmental disabilities. 80% fewer patients who use telemedicine kiosks will need to go to the emergency room. Thus, the growing utility of medical kiosk is driving the global medical kiosk market.

Segmental Outlook

The global medical kiosk market is segmented based on type and by end-user. Based on type, the market is segmented into analytics check-in kiosks, payment kiosks, way finding kiosks, telemedicine kiosks, self-service/ informative kiosks, other kiosks. In 2022, the self-service kiosk held major market share based on type. The increasing need for online and instant services as a result of the proliferation of touch screen technology across health sector has driven the growth of the market segment. Based on end-user, the market is segmented into hospitals, clinics, pharma stores, and other end-users.

Hospitals held the Major Share in the Market based on End-User in 2020

High patient volumes, along with the growing need to streamline workflow and reduce wait times, has made significant contribution to the high share of this market segment. Furthermore, rising hospital investment in digital health technologies is fueling segment expansion.

Regional Outlook

The global medical kiosk market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held considerable share in the global medical kiosk market.

Asia-Pacific to Exhibit Fastest CAGR in the Global Medical Kiosk Market

Asia-Pacific is anticipated to exhibit fastest CAGR in the global medical kiosk market. The growing investment in installation of medical kiosk across the region is a key factor driving the regional market growth. For instance, in April 2022, LordsMed, the global healthcare division of Lords Mark Industries has invested $3.0 million to foray into the medtech space with the launch of health ATMs under the brand name 'Lords Sehat'. LordsMed has collaborated with Ministry of Railways' PSU Braithwaite & Co and Hindustan Antibiotics Ltd (HAL) to install the health kiosks in primary healthcare centers (PHCs) across India. The arrangement can also be expanded to railway hospitals in the near future; which will contribute to the growth of the global medical kiosk market.

Further, in March 2022, Docty planned to set up 100 digital healthcare kiosks in India, called 'Gali Gali Me Digital Clinic'. This program is meant to help patients get timely consultation, prescription, electronic medical records (EMR), and pharmacy and lab services at discounted price across more than 28 specialties. Such developments are contributing to the market growth. Moreover, the growing medical tourism in emerging economies such as China, India, and South Korea has created huge scope for the growth of the regional medical kiosk market.

Market Players Outlook

The key players that are contributing significantly to the growth of the global medical kiosk market include Fabcon, Inc., Meridian Kiosks, VeriFone, Inc., XIPHIAS Software Technologies, and RedyRef Interactive Kiosks among others. These companies are making continuous investments in R&D to make progress in producing technologically advanced medical kiosks. Mergers and acquisitions, new product launches, geographical expansion, partnerships, and collaborations are some of the key strategies adopted by the market players. For instance, in January 2022, Babylon Health acquired health kiosk company Higi Health, the digital health unicorn’s latest effort to support a “fundamental transformation” in healthcare delivery. The acquisition follows Babylon’s long-term strategy in propelling digital preventative care—a shift in the healthcare system

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global medical kiosk market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.