Telemedicine Cart Market 2020 By Top Trends, Revenue & Growth Forecast To 2026
Category: #business  By Ronak Bora  Date: 2021-03-22
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Telemedicine Cart Market 2020 By Top Trends, Revenue & Growth Forecast To 2026

Telemedicine Cart Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The global telemedicine cart market is anticipated to grow by a significant margin in coming years owing to increasing technological advancements taking place across multiple verticals of the industry landscape. In fact, telemedicine carts have recently been observing a distinguished adoption rate, particularly among medical professionals, owing to the accuracy of diagnosis and ease of use brought forth by the aforementioned technological advancements.

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Apart from technological advancements, the telemedicine cart market size is also predicted to witness an upsurge in demand owing to their usage in delivering remote consultation facilities to patients. Remote consultation is gaining preferably among patients since it is considerably time and cost-efficient. These services does not need the patients to commute over long distances for consultation, which further decreases the healthcare expenditure.

Case in point, the per capita healthcare expenditure in the U.S., which is over $10,000. This expenditure is likely to decrease considerably after the adoption of telemedicine carts and the implementation of telemedicine services.

The decrease in the overall healthcare expenditure would subsequently be a major factor that might augment the telemedicine cart market outlook. Based upon these growth factors and trends, GMI, Inc., estimates, the global telemedicine cart industry is set to surpass $1.5 billion through 2026.

Mentioned below are the some of the major trends in global telemedicine cart market:

•          Rising deployment of dual display carts

The product segment of the telemedicine cart market is bifurcated into single display cart and dual display cart. Of these, dual display carts accounted for more than $164 million in 2019. As the name signifies, dual display carts have two monitors which they use for display.

These carts can be used to receive crucial information during teleconferencing, they can also be used to carry out video conferencing calls with multiple caregivers at once. Meanwhile, mounting technological advancements in the segment are also poised to stimulate the growth of industry landscape.  

•          Easy applicability of powered telemedicine carts

The market landscape, in terms of operation, is slated to grow exponentially due to the increasing applications of sealed lead-acid (SLA) and Lithium iron phosphate (LiFe) battery powered segment.

The powered segment is anticipated to gain profits as they do not depend on a fixed power source and can also be used extensively across rural, remote areas where power supplies are unstable.

Moreover, higher preferability of battery-powered telemedicine carts at the time of emergencies, a time where a power supply is not available, would majorly boost their demand and define the overall market trends. To that end, estimates suggest that the powered segment would grow at a healthy CAGR of 21.9% through the forthcoming timespan.         

•          Favorable growth conditions in North America

The North America telemedicine cart industry, led by the U.S. , is projected to witness heavy growth in the coming years, owing to the high level of healthcare expenditure in the region. In addition, the strong presence of key market players would likely augment the industry outlook during the analysis timeframe.

Moreover, with a large portion of the U.S. population living in remote areas, adoption of telemedicine carts to serve this demographic would likely be another key growth factor for the market expansion. Given these conditions, the industry is earmarked to observe a substantial growth of approximately 21.2% through the study period. 

Ergotron, InTouch, GlobalMed, Parsys, Global Telemedicine, AMD Global Telemedicine, American Well, and Poly are few of the notable market players contributing to the global telemedicine cart market landscape.

Major market players are increasingly focusing on inorganic growth strategies like acquisitions and mergers to elevate their position in the market and set themselves apart from the competition. 

Browse full table of contents (TOC) of this report @ https://www.decresearch.com/toc/detail/telemedicine-cart-market

Partial Chapter of the Table of Content 

Chapter 4.   Telemedicine Cart Market, By Product

4.1. Key segment trends

4.2. Single display cart

4.2.1.  Market size, by region, 2014 - 2025 (USD Million)

4.3. Dual display cart

4.3.1.  Market size, by region, 2014 - 2025 (USD Million)

4.4. Others

4.4.1.  Market size, by region, 2014 - 2025 (USD Million)

Chapter 5. Telemedicine Cart Market, By Operations

5.1. Key segment trends

5.2. Powered

5.2.1.  Market size, by region, 2014 - 2025 (USD Million)

5.2.2.  LiFe powered carts

5.2.2.1.    Market size, by region, 2014 - 2025 (USD Million)

5.2.3.  SLA powered carts

5.2.3.1.    Market size, by region, 2014 - 2025 (USD Million)

5.3. Non-powered

5.3.1.  Market size, by region, 2014 - 2025 (USD Million)

About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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