Global Medical Kiosk Market Size

Medical Kiosk Market Analysis

The Global Medical Kiosk Market size is estimated at USD 1.54 billion in 2024, and is expected to reach USD 3.29 billion by 2029, growing at a CAGR of 16.42% during the forecast period (2024-2029).

COVID-19 pandemic has had a substantial impact on the medical kiosk market. The COVID-19 Reception Kiosk was created by United Kingdom-based Elephant Kiosks in response to the COVID-19 pandemic and functioned as the first point of contact for visitors and personnel in care homes, offices, schools, and other public locations. A COVID-19 questionnaire, contactless temperature readings, and email notifications to managers or the front desk are all included. It can be used to facilitate contact tracing and complies with infection control recommendations. Thus, the market is expected to gain traction due to the significant increase in the use of medical kiosk globally.

The market is expanding as AI-enabled kiosks become more popular in the healthcare sector. Medical kiosks linked to cloud-based services and essential patient storage are becoming increasingly common in the healthcare sector. This usefulness is coordinated with the pharmacies that act promptly, in accordance with valid prescriptions, and in accordance with convenient installment plans for the required medications. Knowledge gained from such robust functionality has increased patient-doctor involvement, improved hospital management, and provided emerging market companies with a timely and cost-effective solution in the medical Kiosks scene.

The major element that will affect the market growth rate is the rise in digitization across healthcare organizations. The market for Medical Kiosks is also expanding because of the rising number of payment kiosks in the healthcare industry, the introduction of 5G in hospital kiosks, which will benefit from improved speed and faster payment efficacy, and other important considerations. Additionally, a hospital kiosk that uses increasing biometrics and facial recognition technology as a significant trend will support market growth.

Self- service kiosk plays a crucial role in the hospital by installing health ATM installed in the institution which help in cutting costs by no longer utilizing paper, forms filling, and mountains of paperwork shifting to get patient's information because of self-check-ins. Additionally, it enables nurses to spend more time on patient care and less time on office work. Thus, adaption of health kiosk will support market growth. For instance, according to HealthEC, LLC report 2021, the Alliance for Integrated Care of New York's (AICNY) inpatient spending declined by 6% throughout the year's first three quarters. The installation of tele-triage kiosks reduced ER visits by 11% and hospital admissions by 7% in group homes for adults with intellectual and developmental disabilities. 80% fewer patients who use telemedicine kiosks will need to go to the emergency room. Thus, the market is expected to gain traction due to the significant increase in the utilization of Medical Kiosk.

Therefore, the factors mentioned above are attributed collectively to the studied market growth over the forecast period. However, risk related to IT and security and strict rules and regulations is expected to hinder the market growth over the forecast period.