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(Publishing-NewsWire.com, August 11, 2019 ) The global Medical carts and workstations market is expected to grow at a CAGR of 14.2% from 2018 to 2023 to reach USD 6.2 billion by 2023, driven by factors such as rising need to curtail healthcare costs, technological advancements & innovation, growing use of IT in healthcare, and growing focus on patient safety & staffing issues. Moreover, growing digitization in emerging countries, improving HCIT infrastructure and adoption of HCIT solutions such as EMRs, advancing IT & big data capabilities, and proliferating number of hospitals further propel the adoption of medical carts and workstations. Furthermore, factors such as huge untapped market and adoption of changing ergonomics and advanced designs for carts/workstations offer significant growth opportunities for the market players during the forecast period.
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The global medical carts and workstations market study presents historical market data in terms of value (2016 and 2017), estimated current data (2018) and forecasts for 2023 – by product (mobile computing workstations/carts, medical carts, wall-mount workstations, medication carts, and medical storage columns & accessories) and by end user (hospitals, nursing homes/LTCs, physician offices/clinics, others). The study also evaluates industry competitors and analyzes the market at a regional and country level.
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The mobile computing workstations/carts are being widely adopted and found to be effective to physician’s for staff & patient interactions at the bed side to deliver better patient care. Mobile computing workstations/carts held the largest share in 2017 and set to be emerging & rapidly growing tools for patient care. Among this segment, the adoption of telemedicine carts/workstations is expected to grow at a rapid rate with the improving accessibility of patients with physicians and ease of treatment.
Hospitals held a significant market share in 2017, but the nursing homes/long term care centers are expected to be in the spotlight during the forecast period.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, and RoE), Asia-Pacific (Japan,China, India, and RoAPAC), Latin America, and the Middle East & Africa. North America captured a significant share in 2017. Increasing adoption of electronic medication administration record systems, rising support for digitalization with government initiatives, easy accessibility to range of healthcare medical carts & workstations with well-established healthcare system, and presence of many leading medical players supports the greater adoption of medical carts and workstations in this region.
The global medical carts and workstations market is highly competitive and fragmented with the presence of several privately held companies. Some of the key players contributing to the growth of the global medical carts and workstations market include Midmark Corporation, Harloff Company Inc., Capsa Healthcare, The Bergmann Group, Altus Inc., Enovate Medical, LLC, Medion Healthcare, Onyx Healthcare Inc., AMD Global Telemedicine, Inc., Howard Industries, Inc., Lakeside Manufacturing, Inc., CompuCaddy, GlobalMedia Group, LLC., JACO, Inc., AFC Industries, Inc., Bytec Group Limited, Parity Medical Ltd, Solaire Medical, Blue Bell Bio-Medical, Inc., Melrose Industries PLC, Miller Herman Inc., Omnicell, Inc., InterMetro Industries Corporation, Modernsolid Industrial Co., Ltd., and Medline Industries, Inc. In the recent past, these companies had significantly focused on new product launches to expand their product and service offerings and augment their market shares. For instance, in February 2018, Enovate Medical, LLC introduced its new Envoy EHR workstation to enhance patient management & their important health data management. Also, Capsa Healthcare launched NexsysADC for secure offsite medication management & dispensing to various healthcare environments in January 2018.
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