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Telemedicine Equipment Market to 2028 - Developments Status and Trends Insights

Digital health is offering lucrative scope for novel startups, sophisticated technologies, and international investments in Asia Pacific.


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Vinayak Shinde

2 months ago | 3 min read

The demand for telemedicine equipment market is anticipated to surge drastically from 2022 to 2028, on the account of the increasing use of telecommunications technology in healthcare. Telemedicine equipment are crucial for improving accessibility to digital healthcare services. These devices ensure quality care to patients and streamline operations within healthcare facilities.

Telemedicine and digital health consultation grew more common during the pandemic, as people worldwide were forced into lockdowns. In the wake of the unprecedented crisis, the number of ambulatory visits dropped dramatically by 60% whereas telehealth visits soared drastically. While in Q1 of 2020, there was 50% rise in telehealth visits as per the Centers for Disease Control and Prevention (CDC) followed by a 154% rise by the end of March.

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According to Global Market Insights Inc., telemedicine equipment market size may cross USD 10.2 billion by 2028.

After the emergence of the novel coronavirus and its subsequent variants, digital health/telehealth has been adopted at an extraordinary rate. The introduction of telehealth and telemedicine has led to the adoption of online consultation, online pharma product purchases, and at-home care.

Increasing popularity of real-time telemedicine, teleconferencing, store-and-forward telemedicine, and remote patient monitoring are expected to boost telemedicine devices industry. Equipment like telemedicine carts, kiosks, software, kits, digital camera, and other peripheral devices are boosting the telemedicine business space.

Here is a glimpse at some of the key trends that may steer this landscape in the near future:

Sophisticated telemedicine kiosks to offer better healthcare

Telemedicine kiosks allow patients as well as physicians a simpler and safer first step to their consultations. A telemedicine kiosk is based on remote screening and provides routine care for chronic patients, eliminating the need to visit a hospital where exposure is at max.

Telemedicine kiosks became popular during the pandemic since it evades the risk of transmission and simplifies follow-up and health outcomes. In 2021, Olea Kiosks Inc launched a height adjustable kiosk that is at par with the Americans with Disabilities Act, facilitating healthcare check-in for all.

International efforts under the Israel Missions in India such as Equatel Health have led to the development of sophisticated telemedicine kiosk and EHR (Electric Health Record) platform. These public health kiosks are powered by 3G, 4G Wi-Fi or satellite network.

They offer various e-Health services including FDA-authorized medical peripherals, on-site diagnostics, and e-consultations. The Israeli Indian initiative of advanced telemedicine kiosks are custom made for rural needs, urban hospitals with larger traffic, and NGOs. It also caters to health insurance providers with remote consultation services, and companies with a gigantic employee strength.

Increasing geriatric population calls for telemedicine-equipped homecare setting

Homecare settings for the elderly are undergoing technological advancements to provide the best set of services and solutions. As telemedicine penetrates homecare settings, the demand for telemedicine equipment for effective care of the older population might surge.

According to the World Health Organization (WHO), the global population of elderly above the age of 60 years will more than double from 900 million in 2015 to nearly 2 billion by 2050.  Homecare settings allow high-risk individuals and senior citizens of a community to save additional costs and time with higher flexibility.

Besides, medtech startups are promptly boasting for the benefits of remote patient monitoring, thus accelerating the demand for devices like thermometer, scales, oximeter and others. Poland-based software company Comarch is one such firm that has designed telemedicine software named Comarch Home Medical Assistant. The technology assembles comprehensive data using peripheral devices via wireless connection. It provides teleconferencing services, tele-chat, and virtual consultation.

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Booming digital health space in Asia Pacific

Digital health is offering lucrative scope for novel startups, sophisticated technologies, and international investments in Asia Pacific. Singapore stands out as a uniquely well-positioned economy of the APAC members. The region has been quick to implement new solutions such as electronic medical records and has a solid public funding.  

Listed below are some of the market trends favoring telemedicine equipment market growth in APAC:

  • Rapidly unfolding virtual care ecosystem and demand for telemedicine
  • Pandemic-driven novel healthcare application based on AI and IoT
  • Increasing focus on mental health and relevant digital care services
  • Peripheral devices and consumer-grade wearables favoring the future of telemedicine
  • Data democratization as a part of the digitizing healthcare sector

With increasing preferences for cost-effective, time-effective, and technologically backed healthcare alongside digitally driven dynamics and advancing broadband capabilities, the demand for telemedicine equipment is expected to amplify over the coming years in line with growing adoption of digital health care solutions.

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.

Contact Us:

Aashit Tiwari

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com



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