The global Medical Carts and Workstations market size was estimated at USD 3.21 billion in 2021 and is expected to surpass around USD 12.78 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 16.59% during the forecast period 2022 to 2030.
Key Takeaways:
Growth in the implementation of EMR/EHR, integration of IT solutions in the healthcare environment, and healthcare organizations efforts to enhance patient care, safety, and staff productivity are the major drivers of the medical carts and workstations market. Also, untapped markets in emerging economies and development of ergonomic and advanced designs for medical carts and workstations are creating opportunities for the growth of the market. However, factors such as the high cost of carts or workstations, lack of skilled professionals, and low maneuverability of heavy workstations pose challenges to the market.
Report Scope of the Medical Carts and Workstations Market
Report Coverage |
Details |
Market Size by |
US$ 12.78 Billion |
Market Size in 2022 |
USD 3.74 Billion in |
Growth Rate from 2022 to 2030 |
CAGR of 16.59% |
Largest Market |
North America |
Fastest Growing Market |
Asia Pacific |
Base Year |
2021 |
Forecast Period |
2022 to 2030 |
Segments Covered |
Product, Type, End-Use and Region, |
Companies Mentioned |
Midmark Corporation (U.S.), Capsa Healthcare (U.S.), Bergmann Group (U.S.), The Harloff Company (U.S.), Ergotron, Inc. (U.S.), Altus Industries (U.S.), Enovate Medical (U.S.), ITD GmbH (Germany), AMD Global Telemedicine, Inc. (U.S.), Lakeside Manufacturing, Inc. (U.S.), HAT Collective (U.S.), Parity Medical (U.K.), GlobalMedia Group, LLC. (U.S.), JACO Inc. (U.S.), AFC Industries, Inc. (U.S.), Solaire Medical, LLC (U.S.), Bytec Group Limited (U.K.), Herman Miller, Inc. (U.S.), Omnicell, Inc. (U.S.), Modernsolid Industrial Co., Ltd. (Taiwan), Medline Industries, LP. (U.S.), and InterMetro Industries Corporation (U.S.). |
Medical Carts and Workstations Market: Future Outlook
The medical carts and workstations market study presents historical market data in terms of values (2020 and 2021), estimates current data (2022), and forecasts for 2030. The study includes the market analysis by Product [Mobile Computing Carts and Workstations (Computer Carts and Workstations {Powered Computer Carts and Workstations and Non-Powered Carts and Workstations}, Computing Medication Carts and Workstations, Documentation Carts and Workstations, Telemedicine Carts and Workstations, Other Mobile Computing Carts and Workstations, and Mobile Computing Cart and Workstation Accessories), Specialty Medical Carts and Workstations (Emergency Carts and Workstation, Anesthesia Carts and Workstations, Procedure Carts and Workstations, Other Medical Carts and Workstations), Wall Mount Workstations (Wall Arms, Wall Cabinet Workstations, Wall Mount Workstation Accessories), Conventional Medication Carts, and Medical Storage Columns, Cabinets, and Accessories)], End User (Hospital, Long Term Care Facilities, Physician Offices/Clinics, Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at regional and country levels.
Product Insights
The mobile computing carts and workstations segment is estimated to account for the largest share of the medical carts and workstations market in 2022. The large market share of this segment is attributed to the increased use of mobile computing carts and workstations in healthcare settings. Advanced mobile computing carts permit the mobilization of electronic health records throughout healthcare facilities, provide complete flexibility, and meet the needs of a specific clinical application. The rising adoption of computers & information technology with a major focus on improving patient safety drives the adoption of mobile computing carts/workstations.
Types Insights
In 2021, the emergency carts segment accounted largest revenue share. This is because of the way that it is utilized all the more regularly in trauma centers. As the risk of irresistible sicknesses which is higher in emergency care units, interest for these items is supposed to increment before long. These items help in controlling contamination in serious consideration units as they are anticorrosive and strong for health-related crises.
These carts are supplied with medications and medical gear in case of a health-related emergency, like heart failure. Progressions in these items, like portable and lighter and ergonomic plans, are supposed to help their reception all through the conjecture period. Accessibility of handle and wheel mounts to one side and more modest size of the batteries assist in expanding nursing with staffing security as they become simple to deal with and stay away from any word related perils to clients. These advantages of emergency workstations are moving fragment development.
The procedure carts section is supposed to extend at the most elevated CAGR during the estimate time frame. This is because of their predictable utilization in numerous medical care settings. These items are exceptionally useful in working strategies, like cardiology and endoscopy, and furthermore give admittance to fundamental therapeutics. These carts are of the different sorts, including versatile, customizable, and controlled.
End user Insights,
The medical carts and workstations market is segmented into hospitals, long-term care facilities (LTC), physician offices/clinics, and other end users such as ambulatory surgical centers, research laboratories, and diagnostic centers. The hospitals segment is estimated to account for the largest share of the market in 2022. The large market share of this segment is attributed to increasing hospital expenditures for infrastructure, the rising number of emergency admissions, the need for improved patient care and safety, and the adoption of technologically advanced products. Also, the promotion of EHR programs in hospitals boosts the growth of this segment.
Some of the prominent players in the Medical Carts and Workstations Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Medical Carts and Workstations market
By Product
By Type
By End-Use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits for Stakeholders