LOS ANGELES, April 09, 2019 (GLOBE NEWSWIRE) -- The Patient Infotainment Terminal market expected to grow at a noteworthy CAGR of around 9% during the period from 2019 to 2026. Some of the major factors behind these projections include the need for advanced equipment and machines which assist the healthcare professionals to prioritize patient’s health & needs by means of securely tracking Electronic Health Records (EHRs).
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The report study estimates the global Patient Infotainment Terminals market to grow at a significant rate and reach the market size of over $400 million in 2017. Patient Infotainment Terminal is growing penetration of intelligent healthcare devices enabling web surfing, telephonic or video calling along with many other entertainment options. The market growth in the region can primarily be attributed to the increasing number of hospitals as well as treatment centers and increasing prevalence of chronic diseases and increasing aging population. In addition, the growing incidence of hospitalization, technological advancement in hospital beds, and growing healthcare expenditure are also driving the patient infotainment terminal market growth in the region.
Asia-Pacific is the largest market for Patient Infotainment Terminal supported by growth from India and China during forecast period
The report focuses on the regional markets including North America, Europe, Asia-Pacific, and Rest of the World. Among these markets, Asia-Pacific was the largest market for Patient Infotainment Terminal and is expected to maintain its leading position throughout the forecast period. Some of the recent patient infotainment terminal projects in India and growing acceptance of this growing technology infrastructure in the healthcare sector are predominantly expected to spur the market growth in this region. Increasing reliance on home healthcare services is a key trend observed in the patient infotainment terminal market. This is attributed to the increasing prevalence of chronic diseases as well as rising old aged population, preference for home healthcare facilities has been growing. According to the Center for Disease Control and Prevention (CDC), in 2014 the number of home health agencies was 12,400 in the U.S. In addition, growing number of home healthcare providers and their contributions has shifted patients’ interest towards home healthcare services is also expected to boost the patient infotainment terminal market.
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North America and Europe have developed market owing to the well infrastructure, high spending power and continuously increasing government support. However, LAMEA is expecting a huge opportunity for the market.
Medium size infotainment terminal to lead the global Patient Infotainment Terminal market during estimated period
The global Patient Infotainment Terminal market is segmented based on growing type, growing platform, crop type, hardware components, and geography. Based on growing Type Small Size (Less than or Equal to 12.5"), Medium Size (12.5" to 19.5"), Large Size (Greater-Than 19.5"). Medium Size (12.5" to 19.5")is expected as the largest segment. Medium Size patient infotainment system require subsequently lesser space for installation.
Based on the End-user, the global Patient Infotainment Terminal market is segmented into Hospitals, Treatment Centers, and Others. Hospital is expected the largest segment as against the traditional technique, growing single integrated solution which can provide digital entertainment and clinical services as well as communication to the point of care and store patient records, lab results, monito vital signs, document observations and changes among others.
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Owing to the presence of the many local players, a number of multinational players are focusing on product lunch in order to gain the market share. Product launch is the key winning strategy adopted the major players in the market.
Some of the leading companies operating in the global patient infotainment terminal market include Onyx Healthcare Inc, BEWATEC, Arbor, Advantech CLINICALL, PDI Communication, LINCOR Solutions, ITI TECHNOLOGY, TEGUAR, and Barco. Leading companies are increasing their services with increasing distribution network through local dealers in order to reduce their operating expenses and growing operational skills to manage the sales and distribution process. This is anticipated to increase the overall growth of the patient infotainment terminal market in next few years.
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