How Will the Expansion of Healthcare Facilities Contribute to the Medical Carts and Workstations Market?


Posted July 26, 2024 by Pratiksha

The Medical Carts and Workstations Market is anticipated to experience significant growth, with an impressive compound annual growth rate (CAGR) of 14.2% from 2022 to 2029.
 
The global medical carts and workstations market is anticipated to grow at a robust compound annual growth rate (CAGR) of 14.2% from 2022 to 2029, reaching a total value of $11.48 billion by 2029. These carts and workstations are essential in healthcare settings for organizing and accessing patient information, thus enhancing the quality and efficiency of medical procedures. The market expansion is primarily driven by the global adoption of Electronic Medical Records (EMR) and Electronic Health Records (EHR), the integration of IT solutions in healthcare, and efforts to boost staff productivity and patient care. However, the stringent quality standards pose challenges that can limit market growth.

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Impact of COVID-19 on the Medical Carts and Workstations Market:
The COVID-19 pandemic, declared a public health emergency by the World Health Organization, has had a profound impact on the global economy. It has disrupted production and demand, caused supply chain issues, and strained financial markets. The healthcare sector faced significant challenges due to the pandemic, including shortages of treatment resources and protective equipment for medical staff.

In response, healthcare providers and vendors focused on adapting to the crisis by offering telemedicine carts and addressing equipment shortages. For example:
• Ergotron, Inc. (U.S.) partnered with Ingram Micro China Ltd. (China) in February 2020 to donate medical carts to hospitals in Wuhan. These carts were used for telemedicine and managing electronic medical records.
• AFC Industries (U.S.) introduced a range of COVID-19 specific carts, including mobile hygiene stations and thermal imaging carts to address new healthcare needs.
• Midwest Products & Engineering (MPE-INC) (U.S.) launched an emergency response cart in April 2020 to enhance ventilator workflow for COVID-19 patients.

The pandemic increased demand for specialized carts such as ventilator carts and telemedicine carts, although the market for other types of carts experienced stagnation.
Ergonomic and Advanced Designs Driving Adoption:
Healthcare professionals, particularly nurses, are susceptible to musculoskeletal disorders due to long hours and repetitive tasks. Modern ergonomic designs in medical carts are addressing these issues by improving comfort and efficiency. For instance, ergonomic carts now feature foldable work surfaces and automated adjustments to match user preferences, reducing strain and enhancing workflow. Mobile technology carts with integrated computers allow caregivers to work more flexibly, either standing or sitting beside patients. Future innovations include UV Angel technology to reduce bacterial contamination and gaze-activated controls for hands-free operation.

Key Findings in the Market:
• Mobile Computing Carts/Workstations: This segment is expected to hold the largest market share in 2022 due to increased adoption of IT in healthcare settings, heightened demand for telemedicine carts during the pandemic, and the focus on modernizing clinical workflows.
• Hospitals as Major Users: Hospitals are projected to dominate the market in 2022, driven by investments in healthcare infrastructure, the need for enhanced patient safety, and the adoption of advanced technologies.
• Asia-Pacific Region: While North America is expected to have the largest market share in 2022, Asia-Pacific is predicted to grow at the fastest rate. This growth is attributed to increased investment in healthcare infrastructure, adoption of new technologies, and government initiatives promoting EMR and telehealth services.

Major Players in the Market:
Key players include 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 Pvt. Ltd. (India), AMD Global Telemedicine (U.S.), Howard Industries, Inc. (U.S.),
Lakeside Manufacturing, Inc. (U.S.), HAT Collective (U.S.), GlobalMedia Group, LLC. (U.S.), JACO, Inc. (U.S.), AFC Industries (U.S.), Bytec Group Limited (U.K.), Parity Medical (U.K.),
Solaire Medical, LLC (U.S.), ITD GmbH (Germany), Ergotron, Inc. (U.S.), 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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Last Updated July 26, 2024