Medical Computer Carts Market Value to grasp $1.07 billion by 2023, registering CAGR of 17.3% | AMR

Pune, Maharashtra, India, December 16 2020 (Wiredrelease) Allied Analytics –:UPDATE AVAILABLE ON-DEMAND

The report on the global medical computer carts market highlights that the market is expected to reach $355 million in 2016, and is projected to reach $1.07 billion by 2023, growing at a CAGR of 17.3% from 2017 to 2023. The report offers the current market size and forecasts along with Porter’s Five Forces analysis to help market players, stakeholders, startups, and investors to determine the current scenario and take further steps for the future. Drivers and opportunities for highest revenue generating and fastest growing segments would help in tapping into specific segment to achieve growth. Moreover, regional analysis would assist in expansion strategies for the market players and startups. In 2016, the ambulatory surgical centers segment accounted for about one-ninth share of the global market.

Medical computer carts are devices utilized by the medical staff to check electronic health records and electronic medical records (EMRs), distribute drugs, and offer nursing education. These carts consist of features and workflow solutions to assist with daily tasks pertaining to patient safety and care. Increase in adoption of EMR systems & mobile carts and high requirement for mobile computer carts in critical surgical procedures are expected to supplement the market growth. However, the high cost of medical carts and low awareness regarding the potential benefits of these carts, especially in developing economies, may impede this growth. Conversely, surge in healthcare expenditure and increased set up of new specialized hospitals across the globe are expected to present profitable opportunities for market expansion.

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The market report includes a detailed analysis of the Covid-19 impact on the medical computer carts market. Over the course of 2019–2027, the market is expected to show significant growth. However, the recent Covid-19 outbreak is likely to affect some of the business operations. The report includes an analysis of how Covid-19 has and will affect the industry, studying reliable sources, interviews of experts, and annual reports of the major market players. The report includes major drivers, restraints, and opportunities within the medical computer carts market.

The integrated medical computer carts segment was the highest contributor in the market in 2016, as they are integrated with vivid touch screens, high performance processors, and mountable packaging with antimicrobial coatings. This incorporation thus increases the efficiency and cost of medical computer carts. On the other hand, powered medical computer carts are expected to register a significant growth rate during the forecast period. This is attributed to their large-scale utilization across medical settings, as they utilize a battery and provide accurate as well as immediate patient data within the EMR.

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The hospital segment dominated the global market, because the geriatric population most commonly prefers hospital treatments as all associated treatments can be performed under one roof. Moreover, of the highest number of surgical procedures is performed in hospitals, therefore driving the growth of the medical computer carts market.

Asia-Pacific is expected to witness highest growth rate and is expected to continue this trend throughout the forecast period. This is attributed to high population density and rise in chronic diseases as well as infectious ailments across the highly populous countries such as India and China. For instance, the number of annual deaths accounted for 56 million individuals in 2015, and 70% of the global deaths in 2015 were due to incidence of non-communicable diseases such as Alzheimer’s, ischemic heart disease, diabetes, chronic kidney disease, stroke, and other dementias.

The Major Key Players Are:

Ergotron, Inc., Capsa Solutions LLC, Enovate Medical, InterMetro (Emerson), Parity Medical, ITD GmBH, Advantech Co., Ltd, Compucaddy, Bytec Medical and Villard.

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Other Key players Are:

Lund Industries, Cura (First Healthcare), AFC Industries, Modern Solid Industrial, Nanjing Tianao, Rubbermaid, Higrade, Spark Medical, and Humanscale.

Key Findings of the Medical Computer Carts Market:

•    The clinics segment is expected to be the fastest growing segment during the forecast period, and it accounted for one-third share of the total market in 2016.
•    In terms of value, the U.S. dominated the North American medical computer carts market in 2016 and is projected to grow at a CAGR of 15.8% from 2017 to 2023.
•    Germany dominated the European medical computer carts market both in term of value and volume.
•    China is expected to be the fastest growing country in the Asia-Pacific region in the future.
•    In terms of volume, powered medical computer carts is growing at the fastest pace of CAGR 22.5% during the forecast period.

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