Increasing Adoption of EMR and “Meaningful Use” Standards Driving the Medical Carts/Workstations MarketPublished On: February 8, 2016
According to HIMSS Analytics, the adoption of mobile medical carts is increased by 19% between 2008 and 2011, reaching an almost 50% adoption rate at the point of care. This growth is mainly attributed to the increased adoption of Electronic Health Records (EHR) or meaningful use requirements. Electronic Health Records (EHR), mandated and incented by the Centers for Medicare & Medicaid Services, play an increasing 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 computing 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.
Today’s medical carts have evolved to be more than just a storage box with wheels. The carts are specially designed to house computers, telemedicine, medical supply goods and to also offer medication dispensing. Currently, the computers on the medical carts are used to provide access to CPOE, eMAR, and EHR applications. The rising focus of healthcare providers on being at the bedside has led to an increase in the use of mobile computing workstations and carts at the point of care. Using these workstations, hospital staffs are able to update patient records (EMR/eMAR) at a patient’s bedside or point of care, which leads to major efficiency gains and cost savings for hospitals.
According to the recent study published by Meticulous Research®, the global medical carts/workstations market is expected to reach around $5,439.4 million in 2020 at a CAGR of 15.7% during the forecast period of 2015 to 2020. The medical computing workstations and carts market is mainly driven by the increasing EMR adoption, increasing eMAR and BCMA (Bar code labeled and checked medication distribution) adoption to prevent medication errors, emergence of advanced technologies such as tele-health/telemedicine, increasing focus on improving nursing efficiency, growing need to curtail hospital costs, and rising importance of easy and quick accessibility to the critical medical supplies and equipment in the hospitals.
The global medical carts/workstations market is fragmented with the presence of various global and local players. Some of the key players providing medical computing workstations and medical carts are 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.
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