The global medical computer market was valued at USD 355 million in 2016, and is expected to reach USD 1,078 million by 2023, registering a CAGR of 17.3 percent during the forecast period.
The adoption of medical computer carts has gained significant prominence over the years, owing to its wide array of applications across fields such as medical recording, training, charting, nursing education, and medicine dispensing. However, the dearth of skilled professionals, coupled with low level of awareness among individuals and healthcare professionals, especially in developing countries, is expected to restrict the market growth. Moreover, the introduction of technologically advanced medical computer carts by key players may present major opportunities for further market progression.
The medical computer carts market based on type is bifurcated into integrated medical computer carts and powered medical computer carts. The powered medical computer carts segment is expected to be the fastest growing segment, owing to the various advantages offered by these carts such as efficacy, patient safety, and faster & secure accessibility to medications using features such as radio-frequency identification (RFID).
Based on end user, the market is divided into hospitals, clinics, and ambulatory surgical centers. Clinics are expected to grow at the fastest pace during the forecast period, owing to wide applicability of medical computer carts in clinics for diagnosis as well as for treatment purposes.
The medical computer carts market based on region is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the medical computer carts market in 2016, and is expected to retain its dominance throughout the forecast period. This is attributed to the well-established healthcare infrastructure and the increase in adoption of medical computer carts solutions across healthcare settings for quicker as well as accurate diagnosis of patients with ailments. – Allied Market Research