The Medical Carts Market is projected to grow at a CAGR of around 13.5% during 2023-28, citing a recent study published by MarkNtel Advisors. This report discusses extensively about the key growth factors, challenges, opportunities, restraints, market trends, & competitive landscape considering the following:
- Historical Period: 2018-2021
- Base Year: 2022
- Forecast Years: 2023-2028
- Units: USD Million/Billion
The report further sheds light on the latest developments by the leading companies in the Medical Carts Market, their growth strategies, product portfolio, financials, & presence in different geographies. The major restraints that may pose risks to the market expansion in the forecast years are also covered in the study. Both primary & secondary research methods have been used to attain precise & thorough information.
Moreover, some useful insights on the unexplored opportunities and market challenges, along with notable suggestions to help companies prepare for unforeseen situations that may arise in the future are also presented in the study.
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Key Questions Answered in the Study:
- What is the estimated size, share, & CAGR of the Medical Carts Market during 2023-28?
- What are the different segments & sub-segments considered in the Medical Carts Market Research study?
- Who are the key stakeholders and players operating in the Medical Carts Market?
- What are the key trends projected to affect Medical Carts Market during 2023-28?
- What would be the impact of strategic developments on the Medical Carts Market in the mid to long term?
Some Latest Investment and Market Development
- In January 2023, Capsa Healthcare, a central Ohio healthcare company headquartered in Canal Winchester, acquired Tryten Technologies Inc., a mobile cart design and manufacturing business in British Columbia.
Dynamic of Medical Carts Market
Growth Driver – The rising consumer demand for the centralization and simplification of healthcare administration has paved the way for more EHRs in healthcare settings. Thus, a value-based strategy, which aims to streamline operations, standardize processes, cut costs, and improve the quality of care so that patients are satisfied, is what motivates the centralization of health information management. In recent years, EHR adoption has benefited from new expansion activities, product approvals, product launches, collaborations, acquisitions, and expanding digitalization. Backed by these aspects, the medical carts industry will likely gain momentum worldwide in the coming years.
Available Opportunity– The augmenting demand for orthopedic carts owing to the rising cases of orthopedic trauma will likely present lucrative opportunities for the market players. For example, according to figures from the International Osteoporosis Foundation, osteoporosis is thought to be the cause of 8.9 million fractures per year, or one every three seconds, with 1.6 million hip fractures happening globally each year, with a predicted increase to 4.5 million by 2050. Casts and splints are included on an orthopedic cart to treat fractures, sprains, and strains.
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Market Competitor Landscape:
This section of the study covers the key participants in the Medical Carts Market, with information about their profiles, investments, market share, key strategies adopted, strengths & weaknesses, product/service launch, etc. All insights in this section are gathered after a thorough analysis of both the leading companies operating at a global level as well as the new entrants in the market.
- – Advantech Co., Ltd.
- – AFC Industries
- – Altus Health Systems
- – Armstrong Medical Inc.
- – Bergmann Group
- – Capsa Healthcare
- – Compucaddy
- – Ergotron, Inc.
- – GCX Corporation
- – Harloff Manufacturing Company
- – ITD Gmbh
- – Jaco Inc.
- – Midmark Corporation
- – Omnicell Inc.
- – Waterloo Healthcare
- – Others (Enovate Medical, Medline Industries Inc., etc.)
Segmentation Analysis:
The segmentation analysis comprises the size & volume of the Medical Carts Market as per the below-cited segments & sub-segments to help our readers identify the major factors attributing to the industry’s growth and strategize their investments to expand the brand visibility, product portfolio, customer base, and generate significant profits during the forecast period.
By Product Type
- Mobile Computing Carts
- Emergency Carts
- Procedure Cart
- Anesthesia Cart
- Computer Medical Carts
- Specialty Carts
- Medication Carts
- Others (Medical Storage Columns, Cabinets, etc.)
By Material Type
- Polymer
- Steel
- Aluminum
By Energy Source
- Powered
- Non-powered
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others (Diagnostic Centers, Home Healthcare Workers, etc.)
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Market Geographical Data
On the geographical front, the Medical Carts industry expands across region:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
North America acquired a significant portion of the market for medical carts. Among other countries in the region, the U.S. has the largest market share in the historical period. Increasing rates of musculoskeletal injuries and technological advancement are a couple of the main factors propelling this market’s expansion in North America.
Full Table of Content
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Global Medical Carts Market Regulations & Policies
- Global Medical Carts Market Trends & Insights
- Global Medical Carts Market Dynamics
- Growth Drivers
- Challenges
- Global Medical Carts Market Hotspot & Opportunities
- Global Medical Carts Market Outlook, 2018- 2028F
Key Scope of This Report:
- The “Medical Carts Market Research Report Analysis, 2023” intends to deliver an extensive & precise analysis of the changing dynamics of the industry during 2023-28 in order to help stakeholders identify key growth prospects in the future.
- Impact of recent developments on the market growth trajectory.
- Key operations, crucial tactics, and upcoming projects of the key competitors in the Medical Carts Market.
- Accurate & trustworthy insights to assess the benefits & drawbacks of investing in the industry across different geographies.
- Supply-demand gaps, import-export figures, and the regulatory landscape of different regions/countries are discussed in the Medical Carts Market report.
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About MarkNtel Advisors
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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