USD 3.21 billion
Report ID: SQSG35E2002 | Region: Global | Published Date: October, 2022 | Pages: 165 | Tables: 64 | Figures: 74
Medical Carts And Workstations Market size was valued at USD 3.21 billion in 2021 and is poised to grow from USD 3.74 billion in 2022 to USD 12.78 billion by 2030, growing at a CAGR of 16.59% in the forecast period (2023-2030).
In order to effectively carry out various procedures smoothly, healthcare facilities require medical carts and workstations. These carts and workstations assist in the preservation of essential patient information while also providing quick access to such information, thereby improving the quality and effectiveness of patient care. Major drivers of market growth include the increasing adoption of EMR/EHR, the integration of IT solutions in healthcare environments, and healthcare organizations' efforts to improve staff productivity and patient care.Medical carts are lightweight mobile carts used in medical facilities for a variety of purposes such as storing and transporting medicines, supplies, and equipment. These carts are typically made of materials appropriate for the clinical setting, such as stainless steel, powder-coated steel, wood laminate, healthcare-grade PVC, and so on, and include accessories such as outlet power strips and storage bins for convenience.
US Medical Carts And Workstations Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.21 billion
Mobile Computer Carts
Mobile Computer Carts
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The Global Medical carts and Workstations Market is segmented on the basis of Product, End-User, and Region. Based on Product, the market is segmented into Mobile Computer Carts; Medical Carts; Wall Mount Workstations; Medication Carts; Medical Storage Columns, Cabinets, and Accessories. Based on End-User, the market is segmented into Hospitals, Long Term Care Facility, Physician Offices/Clinics, Other. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Medical Carts And Workstations Market Analysis by Product
In 2021, the mobile computing carts/workstations sector accounted for the lion's share of the medical carts and workstations market. The segment's largest share and fastest growth are attributed to the rising adoption of computers and information technology in healthcare settings, rising demand for telemedicine carts as a result of COVID-19, and healthcare organizations' focus on adopting new technologies that offer better configurations and features to enhance clinical workflows. Furthermore, innovations such as lighter weight designs, improved mobility, and superior ergonomics are expected to drive the adoption of medical carts during the forecast period. Moreover, the ergonomics, portability, and maneuverability of medical carts set them apart from the competition.
Medical Carts And Workstations Market Analysis by End-user
In 2021, hospitals dominated the medical carts and workstations market. The key reasons projected to fuel the growth of this segment are increased investments in healthcare infrastructure development, the requirement for efficient patient safety, and initiatives undertaken to encourage the application of advanced technologies.
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North America is expected to dominate the medical carts and workstations market in 2021, while Asia-Pacific is expected to witness the fastest growth during the forecast period. Rising investments in the healthcare sector for improving healthcare infrastructure and increasing the number of healthcare facilities, adoption of new technologies by the healthcare industry, government initiatives to encourage the use of EMR and telehealth services, and initiatives by local vendors to improve the quality of care are the factors driving the growth of the Asia-Pacific medical carts and workstations market.
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Medical Carts And Workstations Market Driver
Medical Carts And Workstations Market Restraint
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The Medical Carts And Workstations Market is consolidated and highly competitive, with the existence of numerous small and major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Midmark Corporation, The Harloff Company, Capsa Healthcare, Bergmann Group, Altus Inc., Enovate Medical, and Medion Healthcare, among others.
Medical Carts And Workstations Market Top Player’s Company Profiles
Medical Carts And Workstations Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the use of medical carts in doctors' offices and standalone clinics is expected to increase steadily in the coming years. This is due to an increase in awareness and demand for one-stop solutions that take up less space and can be used for a variety of medical needs. Because these carts are used to transport medical equipment, medicines, computers, and storage cabinets, their popularity in clinics is expected to skyrocket during the forecast period.
|Market size value in 2021||USD 3.21 billion|
|Market size value in 2030||USD 3.74 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Medical Carts And Workstations Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Medical Carts And Workstations Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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