Cashless Kiosks Integrated with 5G are Revolutionizing the Health Kiosk Landscape

The emergence of Internet-based payment platforms such as Apple Pay and Android Pay are slowly supplementing the debit/credit card culture, and solving the issue of a time-consuming hunt for an ATM in the vicinity. Eventually, the rise of cashless transactions, which are commonly carried out with the use of the Internet, has been laying the foundation for emerging trends in the payment kiosk landscape in the healthcare sector.

The adoption of payment kiosks is increasing in the healthcare sector, accounting for over one-fourth revenue share of the health kiosk market. Accepting payments using biometrics and facial recognition through a hospital kiosk is emerging as a key trend that is likely to drive the growth of the health kiosk market. Furthermore, with the advent of 5G, individuals who are the helm of hospital payment kiosks would be benefited by the efficiency of enhanced speed and faster payments.

The desire to embrace digitization is growing across healthcare organizations, and this will bring about newer efficiencies in payment transactions and record keeping, which will boost the demand for payment health kiosks within the hospital sector. With healthcare organizations focusing on improving customer experience through various means, including 5G-integrated, cashless payment kiosks, it is also enabling them to reduce costs using technology, and improve the productivity and efficiency of their business models.

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Remote Health Diagnostic Kiosk – Medicines On-the-Go

The health kiosk market is expected to witness exponential growth at a staggering CAGR of ~18% through 2019-2027. In 2018, the market recorded sales of ~432 thousand units, reaching a valuation of ~US$ 474 million, and with increasing digitalization in the healthcare industry, the health kiosk market is set to grow 4x by 2027. Portable diagnostic kiosks are gaining immense popularity, as they enhance user experience, allow patients to administer tests on themselves, and send feedback to doctors for early diagnosis and prognosis.

The impact of a remote health diagnostic kiosk on the market space is advantageous, and a key growth factor for manufacturers who want to carve a niche for themselves. Health kiosks that are connected to cloud-based servers and store critical patient are growing in popularity across the healthcare industry. This functionality is integrated with pharmacies who act instantaneously and prescribe medicines on the basis of authentic prescriptions and timely payments. Insights gained from such a robust functionality is increased patient-doctor engagement, efficient hospital administration, and a time-saving and cost-effective strategy for emerging market players in the health kiosk landscape.