Telemedicine Cart Market worth USD 1.9 Billion by 2028, Says Global Market Insights inc.

Telemedicine Cart Industry is anticipated to witness around 18% CAGR between 2022 and 2028 due to rising healthcare costs and an increasing demand for cost-effective alternatives

SELBYVILLE, Del., March 23, 2022 /PRNewswire/ -- Global telemedicine cart market value is projected to reach USD 1.9 billion by 2028, according to a new research report by global market insights inc. Increasing technological advancements in telemedicine carts is expected to boost the industry growth.

Increasing demand for novel technologies in healthcare facilities to deliver enhanced care and obtain improved patient outcome is likely to foster the market expansion. Moreover, increasing digitalization in various healthcare setting adds advantage to opt for telemedicine carts. Also, with telemedicine cart, the feasibility of diagnosis, treatment and teleconsultation from any remote location allow to seek immediate access to care in no time, thereby augmenting the market demand.

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Dual display cart segment accounted for 44% business share in 2021 and is estimated to witness significant growth over the forecast period. High segment growth is attributed to couple of factors such as easy connectivity, extra storage, and flexible views. Furthermore, the device offers convenient side to side turning of either display and compartmentalizing screen viewing for caregiver and patient. Hence, aforementioned factors are propelling the industry outlook.

Some major findings of the telemedicine cart market report include:

• Reduction of healthcare expenses owing to the implementation of telemedicine services will foster the business expansion.
• Industry players focus on inorganic growth strategies such as acquisitions and mergers to increase market share and gain an edge over the competition.
• Hospital segment is slated to exhibit CAGR of over 17.5% during the analysis period.

Browse key industry insights spread across 210 pages with 419 market data tables & 15 figures & charts from the report, "Telemedicine Cart Market Forecasts By Operation (Powered {LiFe Powered Carts, SLA Powered Carts}, Non-powered), Lift Technology (Manual, Electronic), Product (Single Display Cart, Dual Display Cart), End-use (Hospitals, Clinics, Specialty Centers, Home Care Settings), Industry Analysis Report, Regional Outlook  Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/telemedicine-cart-market 

Telemedicine cart market from powered segment is poised to register 18% CAGR during the forecast timeframe. High segment growth is owing to advantages offered by such cart that include independent power source to ensure smooth functioning and the ability to connect from any remote location of teleconsultation. Additionally, the healthcare facilities located in rural areas where power outage is a common concern, the powered telemedicine carts play a major role to function with great efficiency in emergency conditions. Thus, the aforementioned factors are expected to propel the market statistics.

Electronic powered lift segment accounted for 59.5% revenue share in 2021. The electronic lift technology segment adds advantage over the manual lift segment owing to its adjustment setting which works on electric motor and promote patient safety and mobility. The ease of handling & convenience in height adjustment coupled with increasingly popular within hospital care units and other clinical settings are major factors contributing to the business expansion.

Telemedicine cart market from homecare setting segment is set to cross USD 269.9 million by 2028. Growing acceptance of telemedicine among the patients at home care setting coupled with rising preference of geriatric population to avail healthcare facilities in home care settings will play a pivotal role in market expansion. Additionally, growing awareness regarding telemedicine services especially in rural areas has accelerated the business development.

Asia Pacific Telemedicine cart market is likely to exhibit over 20.7% CAGR through 2028. The Asia Pacific region accounts for a large percentage of the global population and most of it resides in rural areas. Therefore, increase in adoption of telemedicine cart in Asia Pacific region is expected to rise. Also, increasing prevalence of lifestyle disorders such as diabetes, hypertension, and obstructive sleep apnea (OSA) in this region, generates a need of technologically advanced platforms and equipment for the prevention and treatment of such diseases.

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Few notable key players operating in the telemedicine cart industry include Poly, American Well, AMD Global Telemedicine, Parsys, GlobalMed, InTouch, and Ergotron. These market players are implementing various strategies to increase their geographical presence and consolidate their market share.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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