Medical Carts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Medical Carts Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : November, 2020 | Medical Devices | PPT format

Report Digest


Global Medical Carts Market: Snapshot

The evolving healthcare sector has raised its demand for a multitude of equipment. One such equipment is the medical cart, which is required for moving around medical supplies in a quick manner in a room or a given premise. Growing number of surgical procedures and soaring number of hospital admissions have raised the demand for medical carts in recent years. Analysts state that increasing focus on ensuring safety of patients, improving efficiency of nursing, and need to maintain organization in hospital premises have significantly augmented the demand for medical carts.

Availability of customizable medical carts to suit the needs of medical units has also improved sales of the same. Today, medical carts are being customized for carrying, dispensing, transporting, and storing medical drugs and instruments. Thus depending on the nature of the procedure or where the cart is used, vendors are offer customized solutions. The report points out that emergence of medical services such as telehealth and telemedicine are expected to have a major impact on the global market. The demand for medical carts is projected to rise as they allow enhanced nursing efficiency and thus ensure better care for patients. The growing number of point-of-care diagnostics are also projected to supplement the sale of medical carts.

The various types of medical carts available in the global market are for emergency, anesthesia, procedure and treatment and many others. Out of these, the demand for emergency carts has been substantially high due to growing number of emergency care units across the globe. Furthermore, emphasis on keeping the emergency room organized and ready to deal with challenging situations is expected to spike the demand for medical carts as well. The demand for these carts will also be improved by the lighter weight designs, enhanced mobility, and improved ergonomics.

Global Medical Carts Market: Overview

With an extensive need for quality medical treatments occurring all over the globe, the entire onus lies on different healthcare organizations and centers to provide desired services. This is one of the most crucial factors behind a phenomenal growth experienced by the global medical carts market. A rising need for easily available medical supplies along with their fast accessibility has also caused substantial development in the global medical carts market from a worldwide perspective. The global medical carts market is expected to fetch a revenue of US$1302 mn by 2023, which is marked as a splendid growth on the basis of a notably less revenue valuation of US$571 mn clocked in 2016. This growth is projected to occur at a fantastic CAGR of 12.4% during the forecast period from 2017 to 2023.

Global Medical Carts Market: Market Potential

China showcases maximum potential for the global medical carts market, mainly due to a rise in healthcare expenditure, hospital reforms, and rapid economic growth. Growing geriatric population in China has resulted in an increase in hospital and admissions coupled with high demand for healthcare facilities by those affected with any disease or any maladies. Strong government initiatives put forth by the governing organizations in this country such as encouraging set up of hospitals, facilitating reimbursements, and attractive medical insurance, has also contributed towards the global medical carts market experiencing extensive growth. An effective family planning commission established by the government has also proven to be beneficial to the market’s rise.

Global Medical Carts Market: Regional Analysis

Region-wise, this market is spread across North America, South America, the Middle East and Africa, Europe, and Asia Pacific. A strong healthcare-based scenario along with a robust medical infrastructure in North America makes it lead the race by attracting a handsome revenue in recent times. However, rising cases of deadly diseases, vehicular accidents, and other health based issues in leading countries from Asia Pacific such as India and China is expected to make Asia Pacific depict a highly fast growth in the global medical carts market, during forthcoming years. Apart from North America and Asia Pacific, state-of-the-art medical facilities provided in Europe has also made this region depict a fantastic development of the global medical carts market.

Global Medical Carts Market: Companies Mentioned

Life-Medic HealthCare Supplies Pte Ltd., Midmark Corporation, Capsa Solutions LLC., Harloff Company (Harloff Manufacturing Co.), Medline Industries Inc., InterMetro Industries Corporation (A Part Of Ali Group), ITD GmbH, Omnicell Inc., The Bergmann Group, Armstrong Medical, Tianjin Xuhua Medical Equipment Factory, Joson-Care Enterprise Co., Ltd., Hua Shuo Plastic Co., Ltd., Medical Master, Jegna, Merino International, Zhangjiagang Bestran Technology Co. Ltd., Tonglu Rex Medical Instrument Co., Ltd, Herman Miller, Inc., and BiHealthcare are some of the chief companies operating in the global medical carts market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?