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telemedicine equipment market projected to exceed 10 billion by 2031
The global Telemedicine Equipment Market, valued at over USD 3.5 billion in 2021, is projected to grow at a CAGR of 17.3%, surpassing USD 10 billion by 2031. Key drivers include technological advancements, rising demand for radiological services, and increased government investment in healthcare IT. Major players are focusing on innovation to enhance digital diagnostics and expand telehealth accessibility.
growing demand for smart medical carts drives market expansion in asia pacific
The global medical carts market is projected to reach $4,844.3 million by 2032, growing at a CAGR of 11.24% from $1,857.3 million in 2023, driven by rising healthcare demands and technological advancements. Procedure carts are gaining traction, expected to capture over 25% market share, reflecting the increasing complexity of medical procedures and the need for efficient healthcare logistics. Despite high costs and maintenance challenges, the integration of smart technology and IoT is transforming the sector, enhancing operational efficiency in hospitals and clinics worldwide.
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