Reliable Data You Can Trust
Reliable Data You Can Trust
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
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.
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.
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.
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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