LONDON, July 23, 2018 (GLOBE NEWSWIRE) -- According to the new report from Meticulous Research®, the global medical carts and workstations market will grow at a CAGR of 14.2% from 2018 to reach USD 6,223.6 million by 2023. This market is majorly driven by rising need to curtail healthcare costs, growing use of IT in healthcare, technological advancements and innovation, and growing focus on patient safety & staffing issues.
The report states that mobile computing carts/workstations held the largest share in 2017 and will continue its dominance through 2023, “mainly due to increased use of mobile computing carts and workstations among the healthcare settings in relation to the rising adoption of computers & information technology with major focus on improving patient safety.”
The report further notes that, telemedicine carts market is expected to witness the highest growth during the forecast period, due to “growing adoption of telemedicine with rising need for better healthcare from rural areas; significant growth of telecommunication sector, especially in the developing nations; and growing need for cost effective healthcare platform.”
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Geographically, North America dominated this market due to higher acceptance of advanced technologies, advanced healthcare industry with higher healthcare spending, rising aging population and thereby the incidence & prevalence of chronic diseases, higher life expectancy, and increased adoption of electronic medication administration record systems. In addition, various supportive government initiatives to improve healthcare workflows & patient safety, easy accessibility to range of healthcare medical carts & workstations with well-established healthcare system, and presence of many leading medical players in the region further propels the growth of this market.
The global medical carts and workstations market is highly competitive and fragmented with the presence of several companies. The key players in this market are Midmark Corporation, Harloff Company Inc., Capsa Healthcare, The Bergmann Group, Altus Inc., Enovate Medical, LLC, Medion Healthcare, Onyx Healthcare Inc., AMD Global Telemedicine, Inc., Howard Industries, Inc., Lakeside Manufacturing, Inc., CompuCaddy, GlobalMedia Group, LLC., JACO, Inc., AFC Industries, Inc., Bytec Group Limited, Parity Medical Ltd, Solaire Medical, Blue Bell Bio-Medical, Inc., Melrose Industries PLC, Miller Herman Inc, Omnicell, Inc., InterMetro Industries Corporation, Modernsolid Industrial Co., Ltd., and Medline Industries, Inc.
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