Registering a CAGR of 8.2% over the forecast period, the market value of Medical Carts is expected to reach US$ 549.6 million in the year 2027.
Medical carts are used for medical aid by simplifying processes such as recording data as EMRs, storing dispensing equipment, supplies, and patient information, and standardized practices to achieve better health outcomes at lower costs. They are medical trolleys and workstations with compartments, trays, and drawers that aid healthcare providers in transporting and dispensing emergency supplies and medical devices.
The main reasons for the increased use of medical carts in recent years have been an increase in the number of healthcare facilities, an increase in the healthcare burden necessitating technological advancements and innovation, and an increase in patient care. Furthermore, labor cost reductions and the adoption of automation are expected to drive the growth of the medical carts market throughout the forecast period.
Some of the major factors driving the growth of the global medical carts market include increasing adoption of electronic medical records, rising incidences of musculoskeletal injury, and technological advancement. However, rising price competition among manufacturers is impeding the market's expansion.
Over the forecast period, the growing need to assist medical and surgical staff is expected to drive market growth. A secure medication cart combined with a tablet PC is more convenient on the surgical floor than a separate medication and computer cart. This saves both space and money. Such solutions can help critical care units with limited floor space. As a result, over the forecast period, demand for medical carts in these units is expected to rise.
The report also assesses the key opportunities in the Medical Carts market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Medical Carts Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
The global Medical Carts includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include AFC Industries, Ergotron, Inc, ITD GmbH, Enovate Medical, JACO Inc., Advantech Co., Ltd, Harloff Manufacturing Co., Medline Industries Inc., Hergo Ergonomic Support Systems, Inc., Performance Health and others.
Industry News and Updates:
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
Asia-Pacific: The Fastest-growing Market
At the regional level, North America is expected to dominate the medical carts market in previous years, while Asia-Pacific is expected to record the highest CAGR during the forecast period. The factors driving the growth of the Asia-Pacific medical carts market are rising investments in the healthcare sector for improving healthcare infrastructure and increasing the number of healthcare facilities, adoption of new technologies by the healthcare industry, government programs to promote the utilization of EMR and telehealth services, and initiatives by local vendors for improving the quality of care.
The Medical Carts Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Medical Carts Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers the Medical Carts Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Medical Carts Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Medical Carts Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: AFC Industries, Ergotron, Inc, ITD GmbH, Enovate Medical |
Forecast Period 2022 to 2027 CAGR | CAGR of 8.2% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | AFC Industries, Ergotron, Inc, ITD GmbH, Enovate Medical, JACO Inc., Advantech Co., Ltd, Harloff Manufacturing Co., Medline Industries Inc., Hergo Ergonomic Support Systems, Inc., Performance Health |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 94 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Medical Carts Market is studied from 2017 - 2027.
What is the growth rate of the Medical Carts Market?
The Medical Carts Market is growing at a CAGR of 8.2% over the next 5 years.
Who are the key players in Medical Carts Market?
AFC Industries, Ergotron, Inc, ITD GmbH, Enovate Medical, JACO Inc., Advantech Co., Ltd, Harloff Manufacturing Co., Medline Industries Inc., Hergo Ergonomic Support Systems, Inc., Performance Health
What regions does this Medical Carts Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Medical Carts Market?
Anaesthesia Carts, Emergency Carts, Procedure Carts, Others
What are the major end-use applications of Medical Carts Market?
Hospitals, Ambulatory Surgical Centers, Physician Offices or Clinics, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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