A report published by Allied Market Research states that the global medical computer carts market generated $355 million in 2016 and is expected to garner $1,078 million by 2023, registering a CAGR of 17.3% during the forecast period, 2017-2023.
The growth of the global medical computer carts market is driven by the rise in adoption of electronic medical record (EMR) systems and mobile carts and growth in demand for mobile computer carts in critical surgical procedures. However, the high cost of medical computer carts and risk of hazardous interaction between drugs stored in the medical computer cart restricts market growth. Nonetheless, the surge in healthcare spending and rapid technological advancements in healthcare facilities & infrastructure is set to provide lucrative opportunities to emerging market players in the near future.
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The report segments the global medical computer carts market based on type, end user, and geography. By type, the report demarcates the market into integrated medical computer carts and powered medical computer carts. The integrated medical computer carts segment generated the largest revenue in 2016 and is expected to continue its dominance throughout 2023. This is due to the fact that they are integrated with vivid touch screens, high-performance processors, and mountable packaging with antimicrobial coatings, which increases the efficiency and cost of medical computer carts. However, powered medical computer carts segment is projected to grow at the fastest rate during the forecast period, due to their large-scale utilization across medical settings on account of providing accurate and instantaneous patient data within EMR.
By end user, the market is segregated into hospitals, clinics, and ambulatory surgical centers. 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. Regionally, Asia-Pacific is expected to witness the 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.
The report also profiles key players involved in the global medical computer carts market, such as Ergotron, Inc., Capsa Solutions LLC, Enovate Medical, InterMetro (Emerson), Parity Medical, ITD GmBH, Advantech Co., Ltd, Compucaddy, Bytec Medical, and Villard. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain a strong position in the industry.
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