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Medical Carts and Workstations Market (Product - Mobile Computing Carts/workstations, Medical Carts, Wall Mount Workstations, and Medication Carts; End User - Hospitals, Long-term Care Facilities, Physician Offices/clinics, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : HC08682

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on medical carts and workstations market provides in-depth analysis of segments and sub-segments in the global as well as regional medical carts and workstations market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical carts and workstations market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical carts and workstations market. According to the report, the global medical carts and workstations market is projected to reach a value of USD 8 Billion in 2026 from USD 3.5 Billion in 2020 with a CAGR of 14.5% over the forecast period of 2020-2026.


Medical Carts and Workstations Market

 

Market Insight

Medical carts and Workstations have become a valuable tool for every hospital, clinic, or medical facility. It is used by nurses, staff, and administrators to perform their duties in a streamlined, efficient, and comfortable manner. These devices help to improves patient care and have also proven to promote better patient care by allowing for more time to be spent on patient care. Mobile medical workstations make easy access to patient medical records and medication at the point of care. Streamline workflows and processes for clinicians, control cost, and enhance patient engagement and safety.

 

The factors such as the growing adoption of EMR/EHR, and integration of IT solutions in healthcare are driving the demand for medical carts and workstations market. It has helped the hospital increase system functionality, provide a more agile response to changing business processes, reduce process times, and made it far easier for the hospital. A clinician-designed, fast-charging, ergonomic mobile workstations provide access to patient records, medication, supplies, and imaging at the bedside. Also, benefits offered by medical carts and workstations are leading to the adoption of EMR/EHR technology in developed as well as developing countries. In addition, increasing technological innovations and the adoption of medical devices are facilitating growth in the medical carts and the workstations market. However, factors such as the high cost of carts or workstations and the shortage of skilled professionals are expected to hamper the growth of this market.

 

Furthermore, the global medical carts and workstations market is expected to present several opportunities for major players due to technological advancements. COVID-19 has impacted a large number of countries around the world and is turning out to be even worse than the critical economic, strategic, and political clashes happening. The major impact of this situation is to be on the hardware business, including medical devices, the software, and services businesses are also anticipated to slow down owing to the spread of Coronavirus. Moreover, as the U.S. and China are some of the biggest development hubs of medical carts and workstations, companies will experience near-term slowdowns in production compared to expected levels. However, the demand for medical carts has increased as they provide a range of ergonomic and application flexibility to help clinicians adapt to pandemic scenarios.

 

Among the Geographies, North America dominated the global medical carts and workstations market followed by Europe. The U.S is the main region driving the growth in the North America region. The growth of the medical carts and workstations market in this region is mainly attributed to the focus on increasing facilities and maximizing operating room utilization. Asia-Pacific region is witness to grow at the highest CAGR during the forecast period due to growing healthcare infrastructure and ongoing adoptions of medical devices.

 

Segment Covered

The report on the global medical carts and workstations market covers segments such as product, and end user. On the basis of product, the sub-markets include mobile computing carts/workstations, medical carts, wall mount workstations, and medication carts. On the basis of end user, the sub-markets include hospitals, long-term care facilities, physician offices/clinics, and other end users.

 

Companies Profiled:

The report provides profiles of the companies in the market such as The Harloff Company, Midmark Corporation, Capsa Healthcare, Bergmann Group, Altus Inc., Enovate Medical, Medion Healthcare, Onyx Healthcare Inc., AMD Global Telemedicine, and Howard Industries.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical carts and workstations market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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