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 : July, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.