Medical Computer Carts Market Insights 2030:
The global medical computer carts market was valued at $478.86 million in 2020, and is projected to reach $1,088.55 million by 2030, registering a CAGR of 8.5% from 2021 to 2030. Medical computer cart is a device intended to ease the work load of nurses along with other healthcare professionals that assist in enhancing patient care and safety. These carts form a crucial aspect of medical aid, as they facilitate bedside patient care through their ability to record, store, and dispense equipment, supplies, pharmaceuticals, patient information, and related data. Integrated medical computer carts are integrated with different touchscreens, high-performance processors, and mountable packaging with antimicrobial coatings. Many hospitals, research institutes, and diagnostic clinics have adopted electronic medical record (EMR) systems, owing to advancements in technology.
Medical computer carts is expected to exhibit significant market growth during the forecast period, owing to surge in demand for mobile computer carts in critical surgical procedures and favorable reimbursement policies provided by manufacturers & insurance providers in some countries. The key factors driving growth of medical computer carts market are attributed to rise in adoption of electronic health record (EHR) and electronic medication administration (eMAR). However, high cost of medical computer carts, limited availability of funds, and dearth of skilled professionals restrain the growth of market. In addition, risk of hazardous interaction between drugs stored in medical computer carts is expected to restrict the market growth. Moreover, the development of advanced technologies, such as telemedicine, are beneficial to fuel the demand and adoption of medical carts.
The global medical computer carts market is segmented on the basis of type of product, end user, and region. According to type of product, the market is divided into integrated medical computer carts and powered medical computer carts. On the basis of end user, the market is divided into hospitals, clinics, and ambulatory surgical centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact Of Covid-19 On Medical Computer Carts Market (Pre And Post Analysis)
Coronavirus (COVID-19) was discovered in December 2019 in Hubei province of Wuhan city in China. The disease is caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans.
After its discovery in Wuhan, the disease rapidly spread to other parts of the globe. Moreover, this virus causes various symptoms in patients, which range from common symptoms to serious symptoms. For instance, common symptoms include fever, dry cough, and fatigue. However, serious symptoms include difficulty in breathing or shortness of breath, chest pain or pressure, and loss of speech or movement.
Furthermore, the virus has high potential of lethality in geriatric population. On March 11, 2020, the World Health Organization made an assessment that COVID-19 can be characterized as pandemic. In addition, only a few vaccines that received emergency approvals for COVID-19 prevention. Thus, social distancing is observed as the most important measure to stop the spread of this disease. Furthermore, to maintain social distancing, various countries across the world have adopted nationwide lockdowns.
The overall impact of COVID-19 remains positive on the medical computer Carts market, as there is a huge inflow of patient populace across the world, there is an immense need to decrease the spread of infection. Handheld diagnostics are one of the critical paths of infection-spreading tools that have to be taken care of. Hence, the usage of medical computer carts is likely to increase during the pandemic for the safe administration of medications, patient information storage and other necessary needs to patients and healthcare professionals. In March 2020, Midwest Products & Engineering ramped up its production of medical computer carts to support patient care during the COVID-19 crisis.
By Product Type
intergrated medical Computer Carts segment holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
By Product Type Segment Review
By type, the integrated medical computer carts segment was the major revenue contributor in 2020, and is anticipated to continue this trend during the forecast period, integrated medical computer carts are integrated with different touchscreens, high-performance processors, and mountable packaging with antimicrobial coatings. Owing to these features, the segment was the highest contributor in the market. On the other side, the demand for powered medical computer carts is projected to exhibit the fastest market growth during the forecast period, as they provide accurate as well as immediate patient data within the electronic medical record (EMR).
By End User
Hospital segements holds a dominant position in 2020 and continue to maintain lead in the forecast year
End-user Segment Review
Depending on end user, the hospitals segment presently dominates the medical computer carts market, and is expected to remain dominant during the forecast period. This segment is expected to exhibit a prominent growth rate, owing to the fact that geriatric population most commonly prefers hospital treatments. Moreover, associated treatments can be performed under one roof.
By Country
North America region holds the dominant position in 2020 and would exhibit the highest CAGR of 8.0 % during 2021-2030
Region Segment Review
Region wise, the medical computer carts market is analyzed across North America, Asia-Pacific, Europe, and LAMEA. North America accounted for the largest revenue share in 2020 and is anticipated to register an exponential CAGR in the coming years. Presence of streamlined healthcare operations—from hospital admissions to reimbursements—and availability of integrated healthcare IT systems to maintain EHR are some of the factors contributing to the region’s dominance in the market for medical carts.
Asia-Pacific is expected to garner the highest CAGR during the forecast period, owing to high population density and rise in prevalence of chronic diseases as well as infectious ailments across high populous countries such as India and China.
This report provides comprehensive competitive analysis and profiles of prominent medical computer carts market players such as key players operating in Ergotron, Inc., Capsa Solutions LLC, Enovate Medical, Advantech Co., Ltd., Ali Group S.P.A., Bytec Group Limited, CompuCandy, LLC ITD GmbH, Parity Medical, and Villard S.A.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global medical computer carts market, with current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive and restrict the medical computer carts market growth is provided.
- Comprehensive quantitative analysis of the industry from 2020 to 2030 is provided to enable the stakeholders to capitalize on the prevailing medical computer carts market opportunities.
- Extensive analysis of the key segments of the industry helps understand the type of medical computer carts used globally.
- Key market players and their strategies are provided to understand the competitive outlook of the medical computer carts market.
Medical Computer Carts Market Report Highlights
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Analyst Review
According to CXOs, the utilization of medical computer carts is expected to witness a significant rise globally due to improvement in healthcare facilities. The medical computer carts market has piqued the interest of health care providers, as it is a mobile collection of medication and devices that improve the workflow and efficiency of the medical staff.
The key factors that drive the growth of market are increase in prevalence of diseases, technological advancements, and rapid development of hospitals & their infrastructure. However, lack of skilled workforce and the high cost of these carts hamper the market growth.
Furthermore, increase in need for these devices during accidents, injuries, cardiac arrest, and other emergencies supplements the market growth. Rise in shipments of these carts in the emerging economies such as China and India is expected to offset the challenging conditions in mature markets such as North America and Europe.
The total market value of Medical computer carts Market is $1,088.05 Million in 2030
The forecast period in the report is from 2021 to 2030
The market value of Medical computer carts in 2020 was $ 478.9 million in 2020
The base year for the report is 2020
Yes, Medical computer carts Market companies are profiled in the report
The top companies that hold the market share in Medical computer carts Market are Ergotron, Inc., Capsa Solutions LLC, Enovate Medical, InterMetro (Emerson), Advantech Co., Ltd., Ali Group S.P.A
No, there is no value chain analysis provided in the Medical computer carts Market report
The key trends in the Medical computer carts Market are Rise in adoption of electronic health record (EHR) and electronic medication administration (eMAR)
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