Medical Carts and Workstations: Technology in Healthcare
The Medical Carts and Workstations Market is expected to record a CAGR of 14.1% from 2020 to 2027 to reach $8.77 billion by 2027. Medical carts and workstations are needed in healthcare facilities to carry out various procedures smoothly. These carts and workstations help in maintaining essential patient information and also provide prompt access to such information, improving the quality and effectiveness of patient care. Factors such as the growing adoption of EMR/EHR, integration of IT solutions in healthcare environments, and healthcare organizations’ efforts to enhance staff productivity and patient care are major drivers for market growth.
However, the complexity of quality standards is expected to restrain the growth of this market to a certain extent.
The Impact of COVID-19 on the Medical Carts and Workstations Market
Since the outbreak of COVID-19 in December 2019, the disease has spread worldwide, with the World Health Organization declaring it a public health emergency. COVID-19 has affected the global economy mainly in three ways: by directly affecting production and demand, by disrupting various markets and supply chains, and by its financial impact on firms and financial markets. The healthcare sector is struggling to curb the pandemic due to the rise in cases, limited resources, and vulnerability of the medical staff to the virus.
Thus, to deal with the issue, governments have enforced social distancing norms, due to which patients are unable to meet their families and doctors are unable to reach out to patients. Hence, vendors in this market are focused on providing telemedicine carts to healthcare facilities. Key market players are taking efforts to address the shortage of hospital equipment, thereby helping maintain clinical workflows during the COVID-19 pandemic. For instance:
- In February 2020, Ergotron, Inc. (U.S.) and Ingram Micro China Ltd. (China) partnered to donate medical carts. The carts were provided to the Huoshenshan and Leishenshan hospitals’ emergency facilities. Twenty-four of Ergotron’s StyleView mobile medical carts were transported from the company’s facility in Dongguan, southern China, to Wuhan. The carts were used for telemedicine applications and for processing electronic medical records at the hospitals.
- AFC Industries (U.S.) launched carts dedicated to COVID-19 treatments, such as lightweight storage carts with multiple wire basket shelves, mobile hygiene sanitizing station carts with wire baskets, tablet carts & remote data entry carts for use in COVID-19 quarantine zones, mobile scanning, thermal imaging, and infra-red remote carts, mobile iPad tablet carts with ergonomic handles and power cords, mobile tablet carts with ergonomic handles and sanitizing receptacle and handle, and thermal imaging temperature scanning mobile cart plus camera tablet combination.
- In April 2020, Midwest Products & Engineering (MPE-INC) (U.S.) launched an emergency response cart to solve ventilator workflow issues related to the urgent treatment of COVID-19 patients.
COVID-19 has been found to infect specific sites in the human body, and hence the demand for related carts like ventilator carts, isolation carts, telemedicine carts, and emergency carts is increasing. However, the demand for other carts is stagnant.
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Key Findings of the Medical Carts and Workstations Market Study:
The Mobile Computing Carts/Workstations Segment to Dominate the Market
Based on product, the mobile computing carts/workstations segment is estimated to command the largest share of the medical carts and workstations market in 2020. The largest share and the fastest growth of the segment are attributed to the rising adoption of computers and information technology in healthcare settings, the growing demand for telemedicine carts due to COVID-19, and the healthcare organizations’ focus on adopting new technologies that offer better configurations and features to optimize clinical workflows.
The Hospitals Segment to Dominate the Medical Carts and Workstations Market
The hospitals segment is estimated to command the largest share of the medical carts and workstations market in 2020. Increasing investments in the development of healthcare infrastructure, the need for efficient patient safety, and the initiatives undertaken to encourage the implementation of advanced technologies are the key factors expected to boost the growth of this segment.
Asia-Pacific: The Fastest-growing Market
At the regional level, North America is expected to dominate the medical carts and workstations market in 2020, while Asia-Pacific is expected to record the highest CAGR during the forecast period. The factors driving the growth of the Asia-Pacific medical carts and workstations market are 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 programs to promote the utilization of EMR and telehealth services, and initiatives by local vendors for improving the quality of care.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key market players’ product portfolios, geographic presence, and key strategic developments over the past four years. The key players profiled in the medical carts and workstations market are Midmark Corporation (U.S.), The Harloff Company (U.S.), Capsa Healthcare (U.S.), Bergmann Group (U.S.), Altus Inc. (U.S.), Enovate Medical (U.S.), Medion Healthcare (India), Onyx Healthcare Inc. (Taiwan), AMD Global Telemedicine, Inc. (U.S.), Howard Industries, Inc. (U.S.), Lakeside Manufacturing, Inc. (U.S.), CompuCaddy (U.S.), GlobalMedia Group, LLC. (U.S.), JACO, Inc. (U.S.), AFC Industries Inc. (U.S.), Bytec Group Limited (U.K.), Parity Medical Ltd (U.K.), Solaire Medical, LLC (U.S.), ITD GmbH (Germany), Ergotron, Inc. (U.S.) (a subsidiary of Melrose Industries PLC, U.K.), Herman Miller, Inc. (U.S.), Omnicell, Inc. (U.S.), InterMetro Industries Corporation (U.S.), Medline Industries, Inc. (U.S.), and Modernsolid Industrial Co., Ltd. (Taiwan).
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Scope of the Report:
Medical Carts and Workstations Market, by Product
- Mobile Computing Carts/Workstations
- Computer Carts/Workstations
- Powered Computer Carts
- Non-powered Computer Carts
- Telemedicine Carts/Workstations
- Medication Carts/Workstations
- Documentation Carts/Workstations
- Other Carts/Workstations*
- Mobile Computing Cart/Workstation Accessories
(*Other Carts/Workstations Include Pediatric Carts, Ultrasound Carts, Gaming Carts, Fetal Monitoring Carts, and Mammography Carts.)
- Computer Carts/Workstations
- Medical Carts
- Emergency Carts
- Procedure Carts
- Anesthesia Carts
- Other Carts*
(*Other Carts Include Airway Carts, Bedside and Nurse Server Carts, Treatment Carts, Suture Carts, and Phlebotomy Carts.)
- Wall Mount Workstations
- Wall Arm Workstations
- Wall Cabinet Workstations
- Wall Mount Workstation/Cart Accessories
- Medication Carts
- Medical Storage Columns, Cabinets, and Accessories
Medical Carts and Workstations Market, by End Users
- Hospitals
- Long-term Care Facilities
- Physician Offices/Clinics
- Other End Users*
(*Other End Users Include Ambulatory Surgical Centers, Research Laboratories, and Diagnostic Centers.)
Medical Carts and Workstations Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Japan
- China
- India
- Rest of APAC (RoAPAC)
- Latin America
- Middle East & Africa
Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of product type, end user, and region/country?
- What was the historical market size for medical carts and workstations across the globe?
- What are the market forecasts and estimates for the period 2020–2027?
- What are the major drivers, restraints, opportunities, and challenges in the medical carts and workstations market?
- Who are the major players in the medical carts and workstations market?
- How is the competitive landscape, and who are the market leaders in the medical carts and workstations market?
- What are the recent developments in the medical carts and workstations market?
- What are the different strategies adopted by the major players in the medical carts and workstations market?
- What are the geographical trends and high-growth regions/countries?
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