Patient Self-service Kiosks Market Average Price By Player, 2022-2030 - Future Market Insights
Ability to Offer Personalised Patient Interaction to Increase the Application of Patient Self-service Kiosks. Find Key Insights about Opportunities in the US, UK, Canada, Japan, Korea, and other Countries
Patient Self-service Kiosks Market Outlook (2022-2032)
The patient self-service kiosks market is expected to reach a valuation of US$ 3964.7 million by 2032. The market is expected to grow at a sturdy CAGR of 16.6% during the period 2022-2032, and as of 2022, the market has a valuation of US$ 854.6 million.
Some of the factors which are expected to contribute to the massive growth of the market are:
· Assisting patients in managing the intake process without any external help.
· Improvement in the data quality.
· Cutting down the waiting time by significant level.
Even the stats suggest that the adoption of patient self-service kiosks is expected to increase. The historical CAGR (2016-2021) for the market was 14.7%, while the anticipated CAGR stands at 16.6%. Thanks to the massive technological development that is currently taking place in the healthcare market.
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North America currently the hub for seamless patient experience, and is expected to enjoy the top position during the forecast period
North America is currently the largest market for patient self-service kiosks, and during the forecast period, it is expected that it would remain the top-performing market. North America currently holds a market share of 36.9%.
It is anticipated that the North America digital health market is expected to grow at a CAGR of 27.8% during the forecast period. The patient self-service kiosks play a massive role in assisting patients in taking up virtual appointments as well. This might increase the demand for patient self-service kiosks in North America during the forecast period.
Additionally, a growing geriatric population in the region, coupled with an increase in chronic diseases amongst the general masses, is expected to fuel market growth. Furthermore, a rapid digital transformation of healthcare systems is expected to increase the patient self-service kiosk market share in North America.
The market growth is further bolstered by the active participation of start-ups. For example, Eyenuk is a global AI digital healthcare start-up and market leader in AI eye screening and AI predictive biomarkers and is making use of patient self-service kiosks to provide seamless service. The start-up had recently managed to raise US$ 26 million in series A funding.
Europe market to experience massive growth during the forecast period
As per the analyst's viewpoint, the Europe market is expected to grow at a massive rate during the forecast period. Massive upgradation of technology, along with excellent internet connectivity and a dearth of medical professionals, is expected to fuel the market growth during the forecast period. Europe currently has a market share of 22.8%.
Increased adoption of smart devices, coupled with deep penetration of the internet in the region, is expected to further fuel the market growth. Moreover, people in this region have started adopting more remote healthcare systems, which might increase the sales of patient self-care service kiosks during the forecast period.
The stats suggest that nearly one-fourth of the total cancer cases around the world are registered in Europe. These suggest fact that the demand for patient self-service kiosks is expected to increase in Europe.
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Asia Pacific: The fastest-growing market
The Asia Pacific market is expected to grow at a CAGR of an astounding 23%, which is supposed to be the highest CAGR. Rapidly increasing internet penetration, coupled with massive development in the healthcare infrastructure, is expected to drive the Asia Pacific market during the forecast period.
Moreover, the increased adoption of smartphones, coupled with increased usage of clinical information systems, is expected to boost market growth. The adoption of a clinical information system eliminates the need for an in-person consultation, which presents a huge opportunity in front of the market.
Furthermore, an increase in the initiatives taken by the government and various regulatory authorities to provide the best healthcare facilities is expected to further boost the market growth.
Report Attribute | Details |
Patient Self-service Kiosks Market Valuation as on 2022 | US$ 854.6 million |
Patient Self-service Kiosks Market Anticipated Value (2032) | US$ 3964.7 million |
Patient Self-service Kiosks Market Projected Growth Rate (2022-2032) | 16.6% |
Drivers for the Patient Self-service Kiosks Market
Reducing material costs
The usage of self-service kiosks helps in achieving cost cutting by eliminating the need for hiring front office staff. Because of this, the hospitals do not have to invest on computers and telephones for the employees.
Personalised patient interaction
The adoption of self-service kiosks allows the patients to have a greater access to manage their journey, thus helping patients have personalised interactions. This helps patients achieve high satisfaction.
Payment collection assistance
Self-service kiosks help in hassle-free payment process. Moreover, these also intimate the patients about overdue bills.
Improvement in operational efficiency
From checking-in for patients to fully processing the payments, the self-service kiosks make the operations easy and fast for both patients and hospitals. This enables the working personnel to focus more on the important tasks.
Reduction in human errors
The application of patient self-service kiosks helps in reducing the error pertaining to data entry. The reason being that the patients themselves manage their detail, which would most likely increase the accuracy.
Restraints for the Patient Self-service Kiosks Market
High cost of installation
One of the main drawbacks associated with the self-service kiosks are the installation cost of these kiosks. The installation charges are more than tens of thousands of dollars as a result of which many end users might have to think twice before installing these.
Increasing issues pertaining to cybercrime
Cybercrime is currently one of the biggest threats standing in the way of patient self-service kiosks market growth. One never knows when the personal data would get hacked, and the hacker would misuse that data.
Regional Insights
USA
The USA is expected to be the largest market for patient self-service kiosks in North America during the forecast period.
Increased investment in R&D, coupled with technological developments in the healthcare sector, is expected to drive the market during the forecast period. Based on National Health Council Report, more than 40% of the population residing in the USA is suffering from incurable chronic diseases. This as well presents a huge opportunity to the patient self-service kiosks market in the USA.
China
Based on the regional analysis, China had the highest market share of nearly 24% in 2021. High smartphone and internet penetration in the region makes China the largest market.
Moreover, the region has established a standard as far as a rapid digital transformation of the healthcare system is concerned. Additionally, the region is also home to a large number of elderly populations, which presents huge potential for the market.
Australia
If we talk about a country that is expected to grow at the fastest rate, it is Australia. The reason is that there is a growing awareness in the region regarding the usage of digital platforms for managing health records.
Apart from that, even the government in Australia is taking proactive steps to upgrade the existing healthcare infrastructure and is investing heavily in the technological aspects of the healthcare system.
Start-up Ecosystem
Though the start-up ecosystem of self-serving kiosks is quiet in the healthcare sector, there is a lot happening in the food sector.
Flipdish is an Irish start-up which offers self-service kiosks for restaurants. It allows restaurants to dynamically control their menus by adding items directly from the Flipdish portal.
In January 2022, Flipdish managed to raise US$ 100 million in a Series C funding round, which was headed by Tiger Global and Tencent.
The potential start-ups in the patient self-service kiosks market can draw parallels from the self-service kiosks start-ups operating in the food sector and can design their value chain, depending on the available resources.
Competitive Landscape
The key players in the patient self-service kiosks market are currently trying to achieve compliance certification to enhance consumer confidence. This is also done in an effort to ensure that the entire architecture protects software and client data.
Apart from that, the key players are also engaged in entering into strategic partnerships to further bolster their business.
Some of the recent developments are:
· In September 2022, NCR’s Allpoint Network creates banking destinations in over 3500 circle K stores.
· In March 2020, Embross’s New V1 Nexus Kiosks were deployed at Billy Bishop Airport.
Key Companies Profiled
· International Business Machines Corporation (IBM) Corp.
· Clearwave Corporation
· PFU-Fujitsu
· SlabbKiosks
· KIOSK Information Systems Inc.
· Phoenix Kiosk Inc.
· RedyRef Interactive Kiosks
· EMBROSS Group Pty Ltd.
· NCR Corp.
· Meridian Kiosks LLC
· Wincor Nixdorf Ag.
FAQs
What is the Growth Outlook for the Patient Self-service Kiosks Market?
The patient self-service kiosks market is projected to grow at a CAGR of 16.6% during the forecast period.
What is the Valuation of Patient Self-service Kiosks Market as on 2022?
The patient self-service kiosks market has a valuation of US$ 854.6 million as on 2022.
What is the Expected Valuation of Patient Self-service Kiosks Market by 2032?
The patient self-service kiosks market is expected to be valued US$ 3964.7 million by 2032.
Report Scope
Report Attribute | Details |
Growth Rate | CAGR of 16.6% from 2022 to 2032 |
Base Year for Estimation | 2022 |
Historical Data | 2016-2021 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in US$ Million and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | · Product Type · Component · End User · Applications · Region |
Regions Covered | · North America · Latin America · Asia Pacific · MEA · Europe |
Key Countries Profiled | · The U.S · Canada · Brazil · Argentina · Germany · The U.K · France · Spain · Italy · Nordics · BENELUX · Australia & New Zealand · China · India · GCC · South Africa |
Key Companies Profiled | · International Business Machines Corporation (IBM) Corp. · Clearwave Corporation · PFU-Fujitsu · SlabbKiosks · KIOSK Information Systems Inc. · Phoenix Kiosk Inc. · RedyRef Interactive Kiosks · EMBROSS Group Pty Ltd. · NCR Corp. · Meridian Kiosks LLC · Wincor Nixdorf Ag. |
Customization | Available Upon Request |
Key Segments in the Patient Self-service Kiosks Market
By Product Type:
· Freestanding kiosks
· Wall-mounted kiosks
· Countertop kiosks
· Mobile kiosks
By Component:
· Data entry
· Touchscreens
· Barcode readers (QR, 1 and 2 D barcode readers)
· Keyboard and Trackball
· Electronic number pad
· Audio speakers
· Electronic signature pad
· Printer
· Point-Of-Sales (POS)
· Laser printers
· Kiosk thermal printers
· Cash transaction components
· Debit and Credit Card readers
· Cash acceptors and recyclers (Bill and Coin)
· Magnetic stripe and Chip (EMV)/Optical card scanner
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