European Patient Infotainment Systems Market Expected to reach over $2 billion by 2023
SAN ANTONIO, June 15, 2017 -- A new analysis by Verify Markets shows the European Patient Infotainment Systems Market was valued at $151.0 million in 2016 and is expected to reach revenues of over $2,019.0 million by 2023, growing at a CAGR of 44.8 percent during the forecast period. The hospitals and clinics segment had the largest market share in 2016, while the laboratories and diagnostic center segment is expected to register the highest growth rate during the forecast period. The countries covered are France, Germany, UK, Italy, Spain, and The Netherlands.
The European patient infotainment systems market is set to soar as the aging population in European region demands the healthcare digitalization to deliver convenience to patients. Small, medium, and large screen patient infotainment models, as well as customized solutions, are accelerating the adoption of patient infotainment solutions. Small size patient infotainment screens will be particularly popular among hospitals due to their lightweight portability, ability to support the patient, and ease of use. “To ensure optimal patient convenience and ability to deliver the on-demand services, most hospitals, clinics and elderly care centers will invest in patient infotainment solutions in the coming years,” observed Verify Markets’ Healthcare IT Senior Research Analyst, Priyanka Gotsurve. “System integrators have the opportunity to become key enablers of this digital transformation by rolling out patient infotainment solutions for the healthcare industry participants.”
Despite the fact that patient infotainment systems are enjoying acceptance in hospitals, they are not growing at an accelerated rate. This is mostly because of privacy and security concerns among the users, budget constraints, and Smart and IP TVs. Patient infotainment providers are working to reduce some of these security concerns by delivering multifactor authentication and data encryption.
The patient infotainment systems market is segmented on the basis of type of installation and type of screen size. Based on installation points, the European patient infotainment systems market is categorized into hospitals and clinics, laboratories and diagnostic centers, and aged and elderly care centers. By screen size, the market is further segmented into small screen, medium screen, and large screen. Small screen size patient infotainment systems dominated the market in 2016 and are expected to continue the dominance over the forecast period. Due to their lightweight portability, small screen size patient infotainment systems are more preferred in the healthcare industry.
Some of the key companies covered in this report include Advantech Co., Ltd, ARBOR Technology Co., Ltd, BEWATEC Kommunikationstechnik GmbH, Barco Company, Onyx Healthcare All Inc, Lincor Solution Ltd, Hospedia, and ClinicAll International Corporation, among many others. This report provides an in-depth analysis of the overall European Patient Infotainment Systems market. The report captures various market dynamics such as growth drivers, restraints, trends, market landscape, and provides strategic recommendations.
A copy of the European Patient Infotainment Systems Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on Twitter @verify_markets and LinkedIn.