Telemedicine Cart Market Size, Emerging Trends, Forecasts, and Analysis 2021-2026
May 04, 2022
According to a research report by Stratview Research, The Telemedicine Cart Market is projected to grow from USD 375.4 million in 2020 to USD 1,280.7 million by 2026 at a CAGR of over 22.7% during the forecast period. Telemedicine carts are referred to as systems that integrate a camera, display, microphones, network access, and speakers to enable remote consultation between a patient and a caregiver. A telemedicine cart features pneumatic height adjustment, flexible handles, and antimicrobial work surfaces for easy handling of the equipment. Moreover, these carts are generally equipped with specialized sensors and cameras.
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
By product, the telemedicine cart market has been segmented into single display cart, dual display cart, and others. Under these, the dual display cart segment garnered the largest market share in 2020 and is estimated to grow at a healthy CAGR during the review period. This is mainly attributed to advanced and modern solutions offered by dual display telemedicine carts. Dual display carts can simultaneously allow the caregiver to visualize a dashboard while using the other screen for themselves, thereby spurring the segment growth.
By region, Asia Pacific accounted for the highest market share in 2020 and is estimated to grow at a substantial CAGR during the forecast timeline. This is mainly ascribed to a large percentage of the global population, most of which reside in rural areas. Also, the rising sophistication of telecommunication services, as well as the growing penetration of the internet, bolsters the product demand in the region. In addition, favourable government initiatives promoting the development of telemedicine will surge the adoption of telemedicine solutions.
Leading Players Covered in the Telemedicine Cart Market Report:
- AFC Industries (The U.S),
- AMD Global Telemedicine (The U.S),
- American Well (The U.S),
- Ergotron (The U.S),
- First Healthcare Products (The U.S),
- GlobalMed (The U.S),
- InTouch (The U.S),
- Parsys (India),
- Rubbermaid (The U.S) and
- Capsa Healthcare (The U.S).
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