Patient Infotainment Terminal Market worth over $297mn by 2027
Published Date: September 3, 2021 Authors: Sumant Ugalmugale, Rupali Swain
Patient Infotainment Terminal Market size is set to surpass USD 297 million by 2027, according to a new research report by Global Market Insights Inc.
The market growth is attributed to the rising digitalization, increased per capita income, rising awareness regarding patient-friendly environment among others. In addition, innovators are developing advanced and user-friendly devices with touch screens, multiconnection, and others. These devices reduce human error by providing in-room access to patient’s medical records at the point of care.
Increasing digital adoption in the healthcare sector predominantly drives the market expansion
Patient infotainment terminal provides medical practitioners the ability to interact and visualize medical records and live health status of the patient. Therefore, healthcare specialists and doctors’ benefit from patient infotainment terminal technologies by using them near hospital beds and emergency rooms. Also, terminals can be used to call nurses, provides better communication with medical staff and family, adjust bed height as well as gain knowledge regarding ones treatment. Thus, the employment of such technologies in various healthcare organizations is expected to augment the industry growth of patient infotainment terminal.
Widespread application of bedside terminals attracts consumers to equip more beds with patient infotainment terminals
The large screen segment was valued at USD 80 million in 2020 led by the widespread applications in areas such as telemedicine, point of care, e-health management, and others. Also, innovations in the healthcare IT sector are fueling the industry growth. Furthermore, the integration of advanced software in the infotainment terminal is expected to boost the acceptance of patient infotainment terminals in the industry expansion.
Browse key industry insights spread across 100 pages with 115 market data tables & 14 figures & charts from the report, “Patient Infotainment Terminal Market Size By Screen Size (Small (Less than 12”), Medium (12” to 20”), Large (Above 20”)), By End-use (Hospitals, Clinics, Homecare Settings), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Growing usage of infotainment terminals in clinics coupled with increasing digitalization is the major contributing factor
The clinics segment accounted for over one-third of revenue share in 2020. The growing adoption of patient infotainment terminals in clinics is largely observed in dental clinics, ophthalmology clinics, among others. A patient infotainment terminal enhances the patient care environment in the clinics by enabling communication, education, access to digital health solutions and others. The rising digitalization trend is another prominent factor contributing to the growth. High acceptance of patient infotainment terminal in the clinical settings is poised to foster the market progression. Moreover, clinics across the world are becoming digitalized which is anticipated to augment the industry value in the coming years.
Presence of key market players as well as proactive end-users are noted to stimulate the regional growth
Europe patient infotainment terminal market is estimated to showcase 5.8% growth rate through 2027. The presence of prominent leaders along with increasing digitalization and advancement of technology in the region will impel the industry progression. For instance, in May 2021, Hospital Center Alpes-Léman (CHAL) of France, during renovation installed 420 infotainment bedside terminals along with MultiMed software solution. Therefore, the adoption of computerized systems by the hospitals will deliver a better patient experience. Additionally, medical education & telemedicine services using infotainment terminals are also emerging and thereby are predicted to upsurge the market revenue.
Companies are developing new patient infotainment terminal to strengthen their business portfolio and revenue
Eminent companies operating in the market include Advantech Co, Ltd., ARBOR Technology Corp., Barco, BEWATEC Kommunikationstechnik GmbH, Cybernet Manufacturing, Inc., iEi Integration Corp., ITI Technology, Onyx Healthcare, Inc., PDI Communications, Inc., and Teguar Computers. These market participants focus on strategies such as innovative technology, product launches, mergers & acquisitions, and collaboration to harvest larger revenue and sustain industry competition. For instance, in November 2019, ARBOR Technology Corp. launched its new ARM-based M1016 solution. The new solution included powered by Quad-Core ARM Cortex-A35 CPU and ARM Mali-G31 GPU features. This strategy enabled the company to extend its existing portfolio and enhance its industry revenue.