LONDON, May 17, 2016 /PRNewswire/ -- Electronic Health Records (EHR), mandated and incented by government regulations, play a significant role in the dynamic environment of the Healthcare industry. While the industry is at the forefront of technology utilization, resource constraints often impede timely and effective implementation. In the search for ways to meet EHR requirements and increase efficiency, hospitals and other healthcare organizations have found value in the use of medical workstations and carts to help capture and process information as close to the staff-patient interaction as possible, thus improving patient care, safety, and clinical workflow.
The research report titled "Global Medical Carts/Workstations Market Outlook: 2015-2020" provides in-depth analysis of medical workstations and carts market in four major geographies with country level analysis and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2020. The study offers a comprehensive analysis of medical computing workstations and medical carts market with respect to its products, end-users, and geography.
The global medical carts/workstations market is anticipated to grow at a CAGR of 15.7% from 2015 to 2020 to reach $5,439.4 million by 2020. The growth of this market is mainly driven by the increased of EMR, rising eMAR adoption to prevent medication errors, emergence of advanced technologies such as tele-health/telemedicine, increasing focus on improving nursing efficiency, growing focus on patient safety, growing need to curtail mounting hospital costs, and rising importance of easy and quick accessibility to the critical medical supplies and equipment. However, high end cost of workstations, limited availability of funds, lack of skilled professionals, and availability of limited floor space could restrict the growth of this market to a certain extent.
Further, the research report provides detailed analysis of major product segments such as mobile computing workstations/carts, wall-mounted workstations, medical carts, medication carts, medical storage columns, cabinets, and accessories, and others. The mobile computing workstations/carts segment further sub-segmented into computer carts, documentation carts, medication carts, and tele-medicine carts; the wall mounted workstations further sub-segmented into wall arm workstations and wall cabinet workstations; and the medical carts segment further sub-segmented into anesthesia carts, emergency carts, procedure carts, and other carts. The major end-users of the medical computing workstations and carts are analyzed by categorizing into hospitals, nursing homes and long term care centers, physician offices or clinics and others.
Geographically, global medical computing workstations and carts market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at a country level with a detailed qualitative and quantitative analysis. Market size estimates and forecasts for the period 2015 to 2020 has been provided for each segment and its sub-segment, in terms of USD million, calculating growth rates from 2015 to 2020, considering 2014 as the base year for calculations.
The global medical Carts/Workstations market is fragmented with the presence of various global and local players. Some of the key players analyzed in the report include, Nortek, Inc, Midmark Corporation, Capsa Solutions LLC, Altus Inc., Parity Medical , Modernsolid Industrial Co., Ltd, Howard Medical (Part of Howard Industries), InterMetro Industries Corporation (A Part Of Ali Group), Omnicell Inc., Enovate Medical, LLC, AMD Global Telemedicine, GlobalMedia Group, LLC, JACO, Inc, CompuCaddy (part of Diversified Designs, Inc.), The Harloff Company Inc. (part of The Winsford Corporation), Solaire Medical, LLC, The Bergmann Group, Herman Miller, Inc, and Lakeside Manufacturing, Inc.
Key questions answered in the report-
Which are the high growth market segments in terms of medical carts/workstations products, end-users, and regions/countries?
What were the historical market and the market forecasts and estimates from the period 2013-2020?
What are the major drivers, restraints, challenges, and opportunities in the global medical carts/workstations market?
What are the burning issues of the global medical carts/workstations market?
Who are the major suppliers/players in the global medical carts/workstations market and what share of the market do they hold?
What is the competitive landscape and who are the market leaders by sub-region in the global medical carts/workstations market?
What are the recent developments in the global medical carts/workstations market?
What are the different strategies adopted by the major players in the global medical carts/workstations market?
What are the local emerging players in the global medical carts/workstations market and how do they compete with the global players?
Source: Expert Interviews, Government Authorities, Related associations/Institutes, Related Research Publications, Government Publications, Company Press Releases, Company Annual Reports, Company Websites, Company Publications, SEC Filings, Meticulous Research Analysis.
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