Meticulous Research®, a leading market research firm, has released an insightful report titled "Medical Carts and Workstations Market by Product [Mobile Computer Carts (Telemedicine, Powered, Documentation), Specialized Carts (Anesthesia, Emergency), Medication Carts, Wall Arm, Medical Storage Cabinet] and End User - Global Forecast to 2029."

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According to this comprehensive report, the global medical carts and workstations market is projected to grow at a robust CAGR of 14.2% from 2022 to 2029, reaching an estimated value of $11.48 billion by 2029. This growth is driven by several key factors, including the widespread implementation of Electronic Medical Records (EMR) and Electronic Health Records (EHR), the integration of IT solutions within healthcare environments, and the continuous efforts of healthcare organizations to enhance patient care, safety, and staff productivity. Additionally, emerging markets and the development of ergonomic and advanced designs for medical carts and workstations present significant growth opportunities.

However, the market faces challenges such as the high costs of carts and workstations, a shortage of skilled professionals, and the low maneuverability of heavier workstations.

Impact of COVID-19 on Market Growth:
The COVID-19 pandemic has notably boosted the adoption of telemedicine carts and workstations. Social distancing measures necessitated telehealth services as the safest way for patients to consult with their healthcare providers. In response, vendors have focused on supplying telemedicine carts to meet the increased demand. Several government initiatives have further facilitated the adoption of telehealth:
• In the U.S., the Federal Communications Commission (FCC) COVID-19 Telehealth Program, authorized by the CARES Act, allocated $104.98 million to 305 healthcare providers across 42 states and Washington, D.C., by June 2020.
• In China, the National Health Commission (NHC) and the National Healthcare Security Administration issued guidelines to promote "Internet plus" healthcare services to combat the pandemic.
• The Dutch Healthcare Authority (NZa) removed barriers to distance care, enhancing telehealth capabilities.
• Poland expanded the use of telemedicine services since their initial approval in 2015.
• Brazil’s Ministry of Health temporarily authorized telemedicine through Ordinance No. 467 in March 2020.
• South Africa's Health Professions Council permitted telemedicine to manage patients remotely using virtual platforms.
These initiatives significantly increased the utilization of telemedicine carts, positively impacting the market's growth.

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Market Segmentation and Analysis
Product Insights:
• Mobile Computing Carts and Workstations: This segment, encompassing powered and non-powered computer carts, telemedicine carts, and more, is expected to dominate the market in 2022 due to their flexibility and ability to mobilize electronic health records throughout healthcare facilities.
• Specialty Medical Carts and Workstations: Including emergency, anesthesia, and procedure carts, this segment caters to specific clinical applications.
• Wall Mount Workstations and Conventional Medication Carts: These products offer space-saving solutions and ease of access for medical professionals.
• Medical Storage Columns, Cabinets, and Accessories: Essential for organized and efficient medical storage solutions.

End User Insights:
• Hospitals: Projected to hold the largest market share in 2022, driven by increased hospital expenditures, the rising number of emergency admissions, and the adoption of EHR programs.
• Long-Term Care Facilities (LTC)
• Physician Offices/Clinics
• Other End Users: Including ambulatory surgical centers, research laboratories, and diagnostic centers.

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Regional Insights: North America is expected to lead the market in 2022, followed by Europe and the Asia-Pacific region. Factors contributing to North America's dominance include the high acceptance of advanced technologies, supportive government initiatives, and a well-established healthcare infrastructure. Additionally, the presence of numerous leading medical device manufacturers in the region supports market growth.

Key Market Players
Key players profiled in this report include: Midmark Corporation (U.S.), Capsa Healthcare (U.S.), Bergmann Group (U.S.), The Harloff Company (U.S.), Ergotron, Inc. (U.S.), Altus Industries (U.S.), Enovate Medical (U.S.), ITD GmbH (Germany), AMD Global Telemedicine, Inc. (U.S.), Lakeside Manufacturing, Inc. (U.S.), HAT Collective (U.S.), Parity Medical (U.K.), GlobalMedia Group, LLC. (U.S.), JACO Inc. (U.S.), AFC Industries, Inc. (U.S.), Solaire Medical, LLC (U.S.), Bytec Group Limited (U.K.), Herman Miller, Inc. (U.S.), Omnicell, Inc. (U.S.), Modernsolid Industrial Co., Ltd. (Taiwan), Medline Industries, LP. (U.S.), and InterMetro Industries Corporation (U.S.).

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