Asia-Pacific Medical Carts and Workstations Market to Reach $3.39 Billion by 2030


Posted July 1, 2024 by Pratiksha

The Asia-Pacific medical carts and workstations market is anticipated to reach $3.39 billion by 2030, growing at a CAGR of 15.4% from 2023 to 2030.
 
Meticulous Research®, a leading market intelligence firm, has unveiled an in-depth report titled, "Asia-Pacific Medical Carts and Workstations Market by Product [Mobile Computer Carts (Telemedicine, Powered, Documentation), Specialized Carts (Anesthesia, Emergency), Medication Carts, Wall Arm, Medical Storage Cabinet] and End User - Forecast to 2030."
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Market Growth and Drivers: According to the latest insights from Meticulous Research®, the Asia-Pacific medical carts and workstations market is projected to reach $3.39 billion by 2030, growing at a robust CAGR of 15.4% from 2023 to 2030. Key drivers include:
• Adoption of EMR/EHR Systems: Increasing implementation of electronic medical records and electronic health records.
• Integration of IT Solutions in Healthcare: Enhanced IT solutions in healthcare environments.
• Healthcare Initiatives: Efforts by healthcare organizations to improve patient care, safety, and staff efficiency.
Challenges and Opportunities While the complexity of quality standards poses a significant challenge, opportunities exist in developing ergonomic and advanced medical cart designs. However, high costs, a shortage of skilled professionals, and the low maneuverability of heavy workstations remain significant hurdles.
Key Market Players Leading companies in the Asia-Pacific medical carts and workstations market include:
• Ergotron, Inc. (U.S.)
• Omnicell, Inc. (U.S.)
• MillerKnoll, Inc. (U.S.)
• Bergmann Group (U.S.)
• Capsa Healthcare (U.S.)
• The Harloff Company (U.S.)
• Midmark Corporation (U.S.)
• AFC Industries, Inc. (U.S.)
• AMD Global Telemedicine, Inc. (U.S.)
• HESOURCE Medical Equipment Co. Ltd. (China)
• FUJI FLEX Co., Ltd (Japan)
• Nanjing Tianao Medical Instruments Manufacture Co. Ltd. (China)
Market Segmentation The report segments the market by product type and end user:
• Product Type: Mobile Computing Carts and Workstations (Computer Carts, Powered and Non-Powered Carts, Medication Carts, Documentation Carts, Telemedicine Carts, Accessories), Specialty Medical Carts and Workstations (Emergency Carts, Anesthesia Carts, Procedure Carts, Other Medical Carts), Wall Mount Workstations (Wall Arms, Wall Cabinet Workstations, Accessories), Conventional Medication Carts, Medical Storage Columns, Cabinets, and Accessories
• End User: Hospitals, Long Term Care Facilities, Physician Offices/Clinics, Other End Users
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Market Insights
• Product Insights: In 2023, the mobile computing carts and workstations segment is expected to hold the largest market share, driven by technological advancements like battery-operated systems using lithium iron phosphate batteries and telemedicine carts enhancing workflow efficiency. The COVID-19 pandemic has further increased demand for telemedicine carts due to social distancing measures.
• End User Insights: Hospitals are projected to be the largest end-user segment in 2023, attributed to increased healthcare infrastructure investments, the need for efficient patient safety, and the implementation of advanced technologies.
Geographic Insights The report analyzes key geographies within the Asia-Pacific region, including Japan, China, India, South Korea, Australia, New Zealand, Singapore, Thailand, and the Rest of Asia-Pacific. In 2023, Japan is expected to dominate the market due to a substantial number of hospitals and strong government support for adopting advanced healthcare facilities, including EMR and telemedicine systems.
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Last Updated July 1, 2024