Telemedicine kiosks are computerized units that perform various functions, from simple check-in to drug dispensing and health assessment to virtual physician consultation. Telemedicine kiosks are medical devices designed to provide remote healthcare services to patients in a non-traditional setting. These kiosks typically consist of a touchscreen interface, a camera, and other necessary medical equipment such as a blood pressure cuff or thermometer. The telemedicine kiosk market is expected to grow significantly in the future due to several factors such as the increasing demand for convenient and accessible healthcare services. As people's busy schedules and geographic location make it difficult for them to visit a traditional medical facility, telemedicine kiosks provide a convenient and efficient alternative. Additionally, the COVID-19 pandemic has increased awareness and acceptance of telemedicine services, leading to increased demand for these types of kiosks.
The telemedicine kiosk market is expected to grow at a steady rate of around 5% owing to cost-effective solutions by reducing the need for physical visits, hospital stays, and travel expenses. The rising prevalence of chronic diseases and the shortage of physicians is creating a burden on the current healthcare workforce. The deployment of telemedicine solutions can help to address these challenges. Health kiosks can be used for virtual check-ups and consultations. This will reduce the work burden of physicians and help in significant cost savings.
Based on application, the telemedicine kiosk market has been classified into vital sign monitoring and teleconsultation. The teleconsultation category is expected to grow at the fastest CAGR during the forecast period. This is mainly due to teleconsultation refers to interactions between a clinician and a patient to provide diagnostic or therapeutic advice through electronic means. Several start-ups are working towards boosting the market for telemedicine kiosks. For instance, H4D, a health technology start-up based in Paris, France, completed a €15 million (USD 16.4 million) round of funding in June 2020. H4D developed a telemedicine platform centered on the Consult Station, a connected telemedicine booth. It includes all the instruments and sensors for physicians to consult with patients via videoconference. The Consult Station has been deployed to ensure continuity of care and treatment for patients who are chronically ill and cannot be safely treated in traditional healthcare facilities.
Based on end-user, the market is segmented into hospitals, community centers, and pharmacies. The pharmacies category is to witness a higher CAGR during the forecast period. Pharmacies have played a crucial role in promoting the use of telemedicine kiosks. By promoting the availability of these machines in their stores, pharmacies have encouraged patients to try out the technology and access healthcare services in a more convenient and accessible way. In addition to this, pharmacies have also been able to increase their revenue streams by offering telemedicine services. By partnering with telemedicine providers, pharmacies have been able to provide patients with a wider range of services, while also generating additional income.
For a better understanding of the market adoption of the telemedicine kiosk industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at the fastest CAGR during the forecast period. Because of rapid technological advancement, particularly in developing countries like China, India, and South Korea, is driving the adoption of telemedicine solutions. Increasing smartphone penetration and robust internet infrastructure have created an environment conducive to remote healthcare access. Additionally, the vast and diverse geographical landscape of APAC presents challenges in delivering traditional healthcare services, making telemedicine kiosks an attractive solution for bridging the accessibility gap.
Some of the major players operating in the market include Olea Kiosks Inc.; Fabcon, Inc.; Meridian Kiosks; XIPHIAS Software Technologies; RedyRef Interactive Kiosks; imageHOLDERS; KIOSK Information Systems; Frank Mayer and Associates, Inc.; Kiosks4business Ltd.; and DynaTouch Corporation
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Telemedicine Kiosk Market
2.2. Research Methodology of the Telemedicine Kiosk Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE TELEMEDICINE KIOSK MARKET