Telemedicine Cart Market & Telemedicine Case Market in the United States, Western Europe and Australia

Telemedicine Cart Market & Telemedicine Case Market Analysis: United States, Western Europe and Australia

The study covers detailed analysis on the United States Telemedicine Cart and Case market, Western Europe Telemedicine Cart and Case market and Australia Telemedicine Cart and Case market. In the year 2021, the United States, Western Europe and Australia together, generated a revenue of $756 million in Telemedicine Cart & Cases sales. This research study on Telemedicine Cart & Cases market is exclusively on the three most potential target geographies which are the United States, Western Europe and Australia.

Expected compounded annual growth for the three geographies, for the time period (2022 2030):

• The United Telemedicine Cart & Cases Market – 13%
• Western Europe Telemedicine Cart & Cases Market – 15%
• Australia Telemedicine Cart & Cases Market – 18%

The U.S., Western Europe and Australia Telemedicine cart and telemedicine case (kits) market stood at $756 million in 2021 and is expected to grow exponentially till 2030. Telemedicine services are present in the market from quite some time now. However, its use in healthcare was limited due to low acceptability.

Covid19 changed people behavior as there were several restrictions and healthcare infrastructure in countries such as Italy and United States too were overburdened. People started looking for a solution to connect to their doctors virtually as a physical visit came with the risk of being susceptible to coronavirus. Thus, online doctor consultation platform saw a huge surge, i.e. 6000% in comparison to 2019, in people enrolling for a consultation service.

Even the countries with the best healthcare infrastructure identified the need for virtual treatment and consultation as they realized that no number of hospitals can be sufficient for them to handle a pandemic. So, it became clear to governments that clinics, nursing homes, etc. needs to be better equipped and at the same time there is a need for portable systems to provide healthcare at remote places.

Thus, to facilitate remote patient monitoring, real time consultation, Surgery, etc. telemedicine started gaining traction. Market players, who were reluctant earlier, realized the potential of telemedicine. For instance, Promotal launched its telemedicine services in 2020 with the brand name Promotal Medconnect.

The United States Telemedicine Cart and Case Market Coverage

• State level market analysis, revenue and sales break down, United States Telemedicine Cart & Cases Market trends and opportunity assessment
• States covered are California, Texas, Florida, New York, Pennsylvania, Illinois, Rest of the U.S.

Western Europe Telemedicine Cart and Case Market Coverage

• Country level market analysis, revenue and sales break down, Western Europe Telemedicine Cart & Cases Market trends and opportunity assessment
• Countries covered are Germany, France, UK, Benelux, Italy, Spain, Austria and Rest of WE

Australia Telemedicine Cart and Cases Market Coverage

• Regional market analysis, revenue and sales break down, Australia Telemedicine Cart & Cases Market trends and opportunity assessment
• Regions covered are NSW, Victoria, Queensland, Western Australia, Rest of Australia

Demographic Analysis:

The United States, Western Europe as well as Australia are the most affluent geographical regions. Hence, these are also the most attractive target markets for Telemedicine Cart & Cases market players. These three regions together, account for around 75% of the Telemedicine Cart & Cases demand and the trend will remain somewhat similar in the coming years. These three markets are characterized by a high per capita income as well as spend on healthcare and rising ageing population.

Per capita healthcare spend comparison:

• The United States – $12,000 per year
• Western Europe – $4,500 per year
• Australia – $7,800 per year

Drivers Of Telemedicine Cart & Cases

• Increasing application in invasive and critical care applications and cost saving of Government

Telemedicine carts and cases have facilitated diagnostics and treatment in remote locations. It is now possible to provide invasive care at remote places such as military and defense, Maritime, Oil & Gas, etc. Further, it is helping government and payers by providing affordable healthcare even in critical care, long term care, etc.

• Growing average age of population

According to International Monetary fund the average age of European Population will reach 47 years in 2050 while that of USA will be 40 years. As the population starts getting older, the need for healthcare starts to increase. The demand for homecare (hospice), long term care centers, management of chronic care will increase and this in turn will push the demand for telemedicine carts, telemedicine cases, telemedicine TV kits, telemedicine tabs, telemedicine devices, Software, etc.

• Growth in rural economy

The healthcare in rural areas is not even close to what it is in the cities. The growth of digital economy coupled with work from home culture is bound to push the rural economy. Thus, the demand for better healthcare is bound to grow. We, at Datavagyanik, envision that a lot of hospital chains will open clinics and virtual hospitals in remote areas to increase their reach. Further, premium telemedicine carts would be deployed at these hospitals/clinics to provide best in class healthcare facilities.

• Increasing Penetration of wearables & Population moving towards virtual services in the U.S., Western Europe and Australia

The penetration of smart wearables is increasing rapidly in the U.S., Western Europe and Australia. Further, due to Covid19, people have started trusting online platform for every kind of services. Smart wearable manufacturers are targeting the wearable medical device market  which can easily be coupled with Telemedicine solutions. The access to data will improve promptness and active care can be provided to the client.

• Increased efficiency of specialist doctors

Covid19 made world realize that we don’t have enough doctors. However, the real problem was that we were not using our doctors efficiently. With the advent of Telemedicine, now the efficiency of doctors has increased multiple times due to remote diagnosis and care with the help of telemedicine cart and cases. Virtual hospitals too help improve the efficiency of doctors. More the number of virtual hospitals better will be the sales growth of Telemedicine Carts & Cases.

Restraints in Telemedicine Cart Market and Telemedicine Case Market

Healthcare fraud and security are two major challenges that can restrain the growth of Telemedicine carts and cases. Most of the medical system uses standard based interoperability with data stored on clouds. As we know centralized storage are susceptible to hacking, so instance like using physicians’ credentials to receive payments from payers, stealing patients’ data, etc. are likely to occur.  This can be mitigated by deploying feature-based access control coupled with blockchain (which is far from being implemented currently) to provide optimum level of security.

Opportunities in Telemedicine Carts & Cases in the U.S., Western Europe and Australia

The market for telemedicine cart and cases is still in its nascent stage even in developed regions like the United States, Western Europe and Australia. So, there is a lot of room for manufacturers to build a brand by providing better quality carts and cases. Telemedicine Carts and cases are of no use if there isn’t a software subscription into them.

So, it was observed that a lot of market players entered into a partnership with telemedicine software providers or software providers acquired telemedicine carts & case manufacturers. For instance, Teladoc Health acquired Intouch Health to boost its telemedicine carts and case portfolio. Further, Promotal launched its brand Promotal Medconnect to cater complete telemedicine solution including carts, cases, TV sets, rugged telemedicine tabs & telemedicine software.

Challenges in Telemedicine Carts & Cases Industry

Adaptability & awareness can be the two major challenges that can affect the penetration of telemedicine or telehealth. This in turn will slow down the growth of Telemedicine carts & Case market. So, awareness drive by government and NGOs will be vital to improve the acceptability of telemedicine. Further, Proper training needs to be imparted to doctors, nurses and other important professionals to reduce the barrier of not being familiar with the technology.

Telemedicine Cart Market & Telemedicine Case Market Segmentation

By Product

• Telemedicine Carts (single screen, Dual screen, single camera, dual camera)
• Telemedicine Cases (regular, convertible to cart)
• TV sets (Wall Mount, Table Top)
• Tablets (Regular, Rugged)

By Components

• Telemedicine Carts (single screen, Dual screen, single camera, dual camera)
• Telemedicine Cases (regular, convertible to cart)

Other products (not covered in the report)

• TV sets (Wall Mount, Table Top)
• Tablets (Regular, Rugged)

By End Use

• Hospitals
• Clinics
• Hospice Care/ Long term Care
• Educational & Training Institutes
• Military & Defense
• Maritime
• Manufacturing
• Oil & Gas
• Others

By Region

• United States
• Western Europe
• Australia

Top 10 Companies in the United States telemedicine cart and case market, Western Europe telemedicine cart and case market, Australia telemedicine cart and case market

Top 10 Telemedicine carts & case manufacturers has been covered in the detailed report. Some of the prominent Telemedicine product manufacturers are listed below: –

• AMD Global Telemedicine
• GlobalMed
• Amwell
• Teladoc Health
• Medpod
• Promotal
• Dictum Health, Inc
• Adavntech Co. Ltd
• Parsys
• VisionFlex
• Ergotron
• Other telemedicine carts & case manufacturers

Types of telemedicine carts & their price

A telemedicine cart comes with various features and are of different kinds. Generally, a telemedicine cart can be categorized into the following by their application: –

• Full Fledged Telemedicine carts (with a second screen and a booster camera)
• Standard Telemedicine carts (with or without second screen)
• Low range Telemedicine carts

Full Fledged cart are best suited for Invasive applications and command premium pricing where as standard cart have a range of carts with prices ranging from mid to high range. Low range carts are cheaper and used for basic purposes like documenting, video conferencing, etc. Some market players offer basic medical devices along with the cart while others simply offer carts. Further, there are 3 types of telemedicine carts namely :-

• PC carts
• Laptop carts
• Tablet carts

Types of telemedicine Cases & their price

A telemedicine case generally comes in two variants. One is convertible into a cart like Medpod telemedicine case while the other is a standard case. Generally, a telemedicine cart available in the U.S., Western Europe and Australia can be categorized into the following according to their prices: –

• Premium Telemedicine Cases ($10000 – $20000)
• Mid-Range Telemedicine Cases ($7000- $10000)
• Low range Telemedicine Cases (below $7000)

The prices of Telemedicine cases depend on level of ruggedness, Tab configurations, devices included, quality of speakerphone, battery life, etc. Further, there are two types of telemedicine cases namely:-

• Regular Hand-held case
• Lite Backpack case

Telemedicine Product Components

A telemedicine product (cart & case) has several components as listed below: –

• Cart Structure
• Monitor
• Camera
• CPU
• Speaker
• Microphone
• Keyboard/Mouse
• WiFi/Bluetooth/ Ethernet Port
• Battery
• Others

Three most important factors that determine price of a telemedicine products are:

Camera quality: The entire purpose of telemedicine is virtually accessing clinicians, just like a face-to-face visit. Hence, camera quality becomes the most important feature of a telemedicine cart and case. In case of carts, premium products from companies like GlobalMed (12x optical zoom) and Amwell (upto 20x optical zoom) have excellent camera quality. There are companies offering 30X optical zoom.

Screen size, resolution and number of screens: This is a very important cost driver of the product. High screen resolution and bigger screens are significantly costlier. Moreover, adding one additional screen increases the product cost.

Build quality & aesthetics: Build quality and aesthetics is an important factor. Load carrying capacity, material quality and similar things play an important role. Advanced antimicrobial coating material are used in good quality products.

Telemedicine Carts & Telemedicine Cases by End Use Application

Telemedicine Cart Market and Telemedicine Cases Market Players Strategies

Telemedicine cart market and telemedicine Case market is evolving fast and major market players are formulating strategies to capture the market share. For Instance, Medpod partnered with Henry Schein to distribute its products. Advantech, a hardware manufacturer, got into an exclusive agreement with VSee which give Vsee the right to sales Advantech telemedicine carts & cases under Vsee brand. Further, Vsee provides telemedicine software solutions to Advantech who doesn’t have its own software.

Moreover, there are companies like Promotal which believes in giving options to the customer rather than selling a complete Telemedicine package. For instance, a customer can opt to buy only telemedicine trolley or can buy a full-fledged telemedicine carts/case with all the necessary telemedicine devices along with telemedicine software.

In last few years, there has been a lot of partnerships, merger & acquisitions in telemedicine carts & case industry. For instance, Teladoc acquired Intouch health in 2020 where as Amwell acquired Avizia. Datavagyanik market research report on Telemedicine market covers the market strategies of players in detail and briefs on strategies for developing new telemedicine products.

Top 3 Telemedicine Carts for Hospitals & Clinics

• Lite 4 with boom Camera
• C760 Telemedicine Carts
• ClinicalAccess® Station

Top 3 Telemedicine Case

• MobileDoc
• S3 Telemedicine Station
• Transportable Exam Station

##Related tags – telemedicine cart market, telemedicine case market, Telemedicine carts for Hospitals & Clinics, United States telemedicine cart and case market, Western Europe telemedicine cart and case market, Australia telemedicine cart and case market