According to a new market report published by Credence Research, Inc. “Global Healthcare POS Terminals Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Hospitals, Private Clinics (Dentists, Physicians, etc.), and Others)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global healthcare POS terminals market is expected to witness strong growth, expanding at a CAGR of 16.3% from 2016 to 2023.
Browse the Global Healthcare POS Terminals (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Hospitals, Private Clinics (Dentists, Physicians, etc.), and others)) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023 report at http://www.credenceresearch.com/report/healthcare-pos-terminals-market
Global Healthcare POS Terminals Market to Exceed US$ 10.60 Bn by 2023: Credence Research
1. Global Healthcare POS Terminals Market to Exceed US$
10.60 Bn by 2023: Credence Research
According to a new market report published by Credence Research, Inc. “Global Healthcare POS Terminals
Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and
Software), and By Application (Hospitals, Private Clinics (Dentists, Physicians, etc.), and Others)) - Growth,
Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global healthcare POS
terminals market is expected to witness strong growth, expanding at a CAGR of 16.3% from 2016 to 2023.
Browse the Global Healthcare POS Terminals (By Product Type (Fixed POS terminals and Mobile POS
terminals), By Component (Hardware and Software), and By Application (Hospitals, Private Clinics
(Dentists, Physicians, etc.), and others)) Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast 2016 - 2023 report at http://www.credenceresearch.com/report/healthcare-pos-terminals-
market
Market Insights
The healthcare sector is slated to become one of the most promising markets for POS terminals, attracting
substantial investments from manufacturers in the coming years. The demand for POS terminals in the
healthcare sector is majorly driven by rise in patient data tracking activities and need for streamlining
payment practices across healthcare service facilities. In addition, rise in healthcare expenditure and
investments dedicated towards healthcare infrastructural development have fueled market momentum.
With the growing popularity of alternative payment solutions (mobile payment using watches and smart
phones), service providers across the healthcare ecosystem would be required to upgrade their existing
POS systems to accommodate changing payment landscape. The advanced POS terminals are not only
capable of carrying out secured payment, but also offer support for future healthcare mobile and ID chip-
card acceptance.
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Healthcare POS Terminals Market
Most healthcare service providers have witnessed a dramatic rise in the number of patients making
payments through debit/credit cards. Rise in high deductible insurance plans, advancements in the tools
used for estimating payment amounts, and patients desire to negotiate healthcare costs in real-time have
collectively led to increased card-based payments by patients. This, in turn has fueled POS terminal
installations at healthcare establishments. In terms of geographic regions, Asia Pacific is expected to
emerge as the fastest growing market during the forecast period 2016 - 2023. Increasing number of
healthcare facilities (hospitals, nursing facilities, clinics, etc.) coupled with the evolving payment landscape
is expected drive demand for POS terminals in Asia Pacific. Looking at bright prospects, the number of
manufacturers and solution providers are expected to swell, thereby intensifying market competition in
the coming years.
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