Medical Computer Carts Market Size to hit $1.07 billion by 2023, Top Prominent Players: Enovate Medical, InterMetro (Emerson)

The need for bedside patient care in various situations, such as in operating rooms and other emergency circumstances, is expected to propel growth of the medical computer carts. Innovation in functionality of medical carts, which includes universal mounting accessory function, radio-frequency identification (RFID) locking drawers, and upgradation of operating systems in medical computer carts, further augment the market growth. Moreover, growth in healthcare expenditure and investments in the market have encouraged the manufacturers to develop cost-effective and customized medical carts in the developing countries, thus boosting the market growth.

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The global medical computer carts market was valued at $355 million in 2016, and is projected to reach $1,078 million by 2023, growing at a CAGR of 17.3% from 2017 to 2023.

COVID-19 scenario-

1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.

2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.

3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.

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 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.

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.

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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.

Other Key players Are:

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

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