Global Medical Carts Market Analysis
Overview
Medical carts provide improved pharmaceutical storage and organizing options, as well as the ability to transport patient medical information. A beautiful, adjustable medicine cart design with maximum capacity, robust construction, and superior workflow attachments is required for modern medication storage and management.
To improve the usefulness and functionality of a medical cart, various peripherals such as label makers, printers, scanners, alternative drawer layouts, needles containers, wastebaskets, and others with helpful functions and accessories can be added. Medical carts in acute care settings feature a barcode scanner that can scan the patient’s wrist and drugs to increase patient safety while drug administration.
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Global medical carts market expansion is being fueled by an increase in the number of hospitalization cases or hospital visits as a result of increased rates of trauma, accident, and infection. As per a World Health Organization (WHO) report from 2018, there are around 37.3 million falls each year that need medical treatment, with an estimated 646,000 individuals dying from falls each year.
Casts and splints are included on the orthopedic cart for the treatment of strains, sprains, and fractures. As the number of occurrences of orthopedic trauma rises, the need for orthopedic carts is projected to rise, propelling the global medical carts market forward. As per the International Osteoporosis Foundation, an estimated 8.9 million injuries are caused by osteoporosis every year, with an osteoporotic fracture happening every 3 seconds. Nearly 1.6 million hip fractures occur yearly, with 4.5 million predicted by 2050.
The global medical carts market was worth US$ 2.2 billion in 2017 and is anticipated to grow at a 9.7 percentage CAGR from 2018 to 2026.
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Drivers
The global medical carts market is projected to grow due to the growing use of medical carts in hospitals.
Medical carts are commonly used in hospitals since they can help physicians operate more efficiently. Other key factors predicted to fuel growth of the global medical carts market include growing use of electronic health records (EHR) and the need for real-time electronic data access and entry at the patients’ bedside. Mobile medical carts make it possible to bring sophisticated videoconferencing technology to patients’ bedsides, allowing doctors to conduct in-depth e-health assessments.
Furthermore, medical carts make it easy to deliver a computer-based patient education program to the patient’s bedside. As a result, technology developments in mobile carts can help healthcare institutions, patients, and physicians fulfil the demands of a variety of applications.
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Restraints
Global medical carts market expansion is expected to be hampered by government regulations and technical constraints in producing new carts during the projected period. Medical carts are subject to risk management testing as defined by the International Electro-technical Commission (IEC) 60601-1, and should be extensively examined to ensure compliance with all FDA requirements.
The FDA informed medical professionals across the U.S. in December 2016 that their mobile medical carts could be a fire danger. Crash carts, medicine distribution carts, and other carts used for point-of-care services, barcode scanning, and diagnostic testing can burn, generate hazardous fumes, catch fire, or burst. As a result, before releasing or selling new goods, producers must comply with all FDA standards and rules. These difficulties may function as a stumbling block to the global medical carts market’s expansion.
Regional Analysis
Due to its highly established healthcare facilities in contrast to emerging nations and a large presence of industry manufacturers producing significant income, North America is anticipated to dominate the global medical carts market by 2026.
Over the forecast period, the Asia Pacific medical carts market is anticipated to grow at the fastest rate. To join the marketplace, major market participants are focused on creating cost-effective equipment with better efficiency, which would finally drive revenue development in the regional medical carts market. Furthermore, the rising load of medical emergencies, trauma, and other illnesses on hospitals is a major factor influencing market expansion. As per the World Health Organization’s 2018 report, over 100,000 individuals in India are burned every year, and burns are the second most prevalent injury in Nepal, representing 5 percent of all disability.
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Competitive Landscape
Major companies contributing in the global medical carts market are Ergotron, Inc., Alphatron, Advantech Co., Ltd., AFC Industries, Scott-Clark Medical, Medline Industries, Inc., JACO, Inc., Enovate Medical, Harloff Manufacturing Co.,
Medical carts are being meticulously designed by manufacturers to ensure efficiency and ease. Depending on the demands of the company, certain industry participants provide customized medical carts.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Technological Advancements
- Customization of Medical Carts
- Pricing Analysis
- PORTER’S Five Forces
- Market Dynamics
- Global Medical Carts Market, By Power Source, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Powered Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Non-powered Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Introduction
- Global Medical Carts Market, By Product Type, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Mobile Computing Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Emergency Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Procedure Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Anesthesia Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Medication Carts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Introduction
- Global Medical Carts Market, By End User, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Introduction
- Global Medical Carts Market, By Region, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
About Us:
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