Medical Computer Cart Market Share and Scope 2031
The medical computer cart market size is projected to reach US$ 945.58 million by 2031 from US$ 289.22 million in 2023. The market is expected to register a CAGR of 15.96% during 2023–2031. The rising popularity of remote treatment and portable workstations are likely to remain key trends in the market.
Medical Computer Cart Market Analysis
Medical computer carts are widely used in healthcare settings as they provide mobility and facilitate the transportation of workstations and laptops that store vital software and patient data. These carts conveniently go wherever the patient goes, allowing physicians and healthcare professionals to efficiently retrieve patient information and provide optimal care. These carts feature adjustable height, secure storage, and infection control measures. They support real-time data entry, medication administration, and communication. The rising adoption of electronic medical record (EMR) systems and electronic health records (EHR) and increasing adoption of cloud-based technologies boost the demand for medical computer carts.
Medical Computer Cart Market Overview
As Highlighted by the Office of the National Coordinator for Health Information Technology (ONC), as of 2021, ~ 4 out of 5 office-based physicians (78%) and 96% of the non-federal acute care hospitals have implemented a certified EHR. This shows significant progress over the past 10 years since 2011, when only 28% of hospitals and 34% of physicians had adopted an EHR. Medical computer carts equipped with batteries allow healthcare professionals to have patient health information readily available as they move around. This enables doctors and nurses to enter patient data into the EHR instantly, providing the patient's doctor with immediate access. Growing adoption of electronic health records (EHR), presence of well-established healthcare infrastructure, and government support in implementation of electronic health record (EHR) to improve the quality-of-care favor medical computer cart market growth.
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Medical Computer Cart Market: Strategic Insights
Market Size Value in US$ 885.81 Million in 2021 Market Size Value by US$ 2,152.66 Million by 2028 Growth rate CAGR of 13.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Medical Computer Cart Market: Strategic Insights
| Market Size Value in | US$ 885.81 Million in 2021 |
| Market Size Value by | US$ 2,152.66 Million by 2028 |
| Growth rate | CAGR of 13.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Medical Computer Cart Market Drivers and Opportunities
Integration of Cloud-based Technologies in Patient Care to Favor Market
Cloud computing offers numerous benefits, such as easy and convenient collaboration between users, reduced costs, increased speed, scalability, and flexibility. The integration of cloud-based technologies is increasing the demand for medical computer carts. The data sharing process is greatly facilitated by cloud computing. Furthermore, it has the potential to significantly reduce in-house infrastructure and operational costs for healthcare organizations. These carts are equipped with the local area network (LAN) ports, sockets, and other components required for data communication and transmission. As a result, the rising adoption of cloud-based data storage is driving the medical computers in healthcare facilities, boosting the global medical computer cart market.
Mounting Number of Product Approvals Brings Growth Opportunities
Well-designed medical carts are invaluable assets for hospitals, clinics, and physician offices. Regardless of the type or purpose of the cart, immediately accessible supplies facilitate efficiency and, by extension, advance patient care. In the current era of digital transformation in healthcare, there is a growing need for medical carts solutions that are customizable, scalable, and interoperable. This presents an opportunity for manufacturers to create innovative carts tailored to various healthcare settings like hospitals, clinics, and long-term care facilities.
Furthermore, the expanding healthcare infrastructure in emerging economies and the growing emphasis on telemedicine offer promising prospects for market expansion.
Medical Computer Cart Market Report Segmentation Analysis
Key segments that contributed to the derivation of the medical computer cart market analysis are type and end user.
- The medical computer cart market is bifurcated based on type into powered medical computer carts and integrated medical computer carts. The integrated medical computer carts segment held the largest market share in 2023.
- By end user, the market is segmented into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2023.
Medical Computer Cart Market Share Analysis by Geography
The geographic scope of the Medical Computer Cart market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific is expected to grow with the highest CAGR in the coming years.
The Medical Computer Cart market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is projected to have the largest share of the North America Medical Computer Cart market in 2023.
According to the Journal of Patient Safety estimate, 400,000 patient casualties are caused due to administrative errors in the US every year. The mounting emphasis on error reductions in hospital administrative work, which is causing considerable mortalities, is prominently anticipated to drive the demand for medical computer carts during the forecast period. Additionally, factors such as a advancements in software technologies in healthcare, growing adoption of EHR, and the implementation of government policies favour the US medical computer cart market.
Medical Computer Cart Market Report Scope
Medical Computer Cart Market News and Recent Developments
The Medical Computer Cart market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the medical computer cart market are listed below:
- Ergotron unveiled TRACE, an innovative and intuitive monitor mount that adapts to the ergonomic needs of employees, creating agile workspaces at home or in the office. The new monitor mount traces users’ movement to effortlessly transition between individual and collaborative work, always returning to the personalized home position. (Source: Ergotron, Press Release, June 2021).
- Capsa Healthcare introduced new Avalo Medical Cart Convenient Packages to help facilities optimize workflow, promote the delivery of superior patient care, and easily configure an excellent medical cart solution. (Source: Capsa Healthcare, Press Release, June 2021).
Medical Computer Cart Market Report Coverage and Deliverables
The “Medical Computer Cart Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Medical computer cart market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Medical computer cart market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Medical computer cart market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the medical computer cart market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the medical computer cart market in 2023.
Factors Including integration of cloud-based technologies in patient care and adoption of EHRs are the driving factors the medical computer cart market growth.
Rising popularity of remote treatment and portable workstations are future trends in the market.
Ergotron, Capsa Healthcare, Enovate Medical, Jaco Inc., InterMetro Industries Corporation, Advantech Co. Ltd., Altus, Scott-Clark Medical., MIDMARK CORPORATION, AFC, Humanscale Corporation, Howard Technology Solutions are some leading players operating in the medical computer cart market.
The medical computer cart market is estimated to reach US$ 945.57 million by 2031.
The medical computer cart market is anticipated to grow at a CAGR of 15.96% during 2023-2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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