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Pulished Date October, 2020
ID: 10324
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Global Medical Carts Market Size, Share, Trends and Growth Analysis Report – Segmented By Product, Type, End-User and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Industry Forecast (2020 to 2025)

Pulished: October, 2020
ID: 10324
Pages: 190

Medical Carts Market Size (2020 To 2025)

In 2019, the global medical carts market size was valued at USD 1.28 billion. This value is forecasted to grow at 15.2% CAGR from 2020 to 2025.

The rise in need for quick and easy accessibility to medical facilities, growing focus on patient safety, nursing efficiency, and advancement in technologies, such as telemedicine, are key factors that propel the global medical carts market's growth. Besides, improving healthcare infrastructures in rapidly growing countries, such as India and China, fosters the medical carts market demand.

The high cost of customized medical carts, a shortage of skilled professionals, and scarcity of funds restrain market growth, especially in developing countries. Besides, high maintenance of medical carts that need regular sterilization to avoid the spread of allergies across the hospital restricts the market growth.

Impact of COVID-19 on the global medical carts market

Following the COVID-19 outbreak, medical cart manufacturers have been rushing to make sound decisions concerning their products, regulatory policies, and supply chains in the wake of rising hazards. Globally, the healthcare sector has to deal with the surging challenges due to the spreading of pandemic and economic disruptions. However, medical cart manufacturers have been resilient in the pandemic's face, embracing every opportunity to ensure fast delivery to the market and maintain the supply and demand gap.

The medical carts market can also maintain its stability despite the COVID-19 impact, thanks to the rising need for easy and quick service to supplies, increased emphasis on patient safety, high nursing efficacy, and advancements in technologies like telemedicine.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Analysed

By Product, Type, End-User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

This research report on the global medical carts market has been segmented based on the product, type, end-user, and region.

Medical Carts Market - By Product:

  • Mobile Computing Carts
  • Wall-Mounted Workstations
  • Medication Carts
  • Medical Storage Columns, Cabinets, & Accessories
  • Others

Mobile computing carts accounted for the highest revenue by percentage in 2016 due to increased adoption by hospitals and clinics. Technologically superior mobile computing carts hold a battery-operated system containing a lithium iron phosphate battery. Changing ergonomics and cutting-edge designs for mobile medical carts are also predicted to promote demand over the forecast period. Companies are concentrating on the development of easy-to-implement technologies to gain an advantage over their competition.

A growing emphasis on improving nursing efficiency, increasing need to reduce hospital costs, and the rising importance of quick and easy access to vital medical facilities and equipment in hospitals are factors adding to the raised adoption of mobile computing carts.

Moreover, supportive government initiatives for adopting EMR and telehealth services in hospitals add to the dominance of the segment in the market for medical carts. An increase in the adoption of EMR such as Electronic Medication Administration Record (eMAR) and Bar Code Medication Administration (BCMA) to counter medication omissions is estimated to drive the medical carts market's growth.

Medical Carts Market - By Type:

  • Anesthesia Carts
  • Emergency Carts
  • Procedure Carts
  • Others

Emergency medical carts accounted for the largest revenue share in 2016. It can be attributed to higher usage in emergency care units. The increasing number of road accidents and the growing need for emergency care are expected to increase in the coming years.

Emergency medical carts are easy to clean and are equipped with medical devices or drugs used in emergencies such as cardiac arrest. Advancements such as improved mobility, lighter weight designs, and enhanced ergonomics are expected to boost these medical carts' adoption over the forecast period.

The procedure segment is expected to gain popularity in the coming years due to the consistent usage of these carts in several hospital settings. These products help operating procedures, such as cardiology and endoscopy, and provide access to essential therapeutics. These benefits are anticipated to propel the growth of the segment in the future.

Medical Carts Market - By End-use:

  • Hospitals
  • Ambulatory Surgical Centers
  • Physician Offices or Clinics
  • Others

Hospitals are the largest end-users of medical carts. The availability of technologically advanced and portable medical workstations is pushing their adoption. These advancements entail adjustable, secure, and efficient systems for medication delivery.

Increasing focus on patient engagement and promoting EHR incentive programs in hospitals to encourage patient involvement are among the agents anticipated to drive the demand for medical carts in this segment.

The increasing adoption of these workstations in physicians' offices or independent clinics is expected to observe a constant rise in the coming years. It can be attributed to increasing awareness and demand for one-stop solutions that take up less space and adaptable for various medical needs. As these carts assist carry medicines, medical equipment, computers, and storage cabinets, their adoption in clinics is expected to register notable growth over the forecast period.

Medical Carts Market - By Region:

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

North America is valued for the highest revenue share in 2016 and is forecasted to register an exponential CAGR in the coming years. The presence of streamlined healthcare operations – from hospital admissions to reimbursements are the key factors contributing to the region's dominance in the market for medical carts.

Medical device manufacturers in this region focus on developing advanced medical carts on wheels to meet customer demand.

The Asia Pacific is expected to observe lucrative growth as manufacturers in this region concentrate on developing low-cost devices with higher efficiency. Global players are also investing in local companies due to the low costs of labor and raw materials.

Rapid economic growth, increased healthcare expenditure, recent healthcare, and hospital reforms drive China's medical carts market. Increase in the aged population and advancement in private & public hospitals further boost the region's market 

KEY PLAYERS IN THIS MARKET

Notable companies playing a dominant role in the global Medical Carts Market profiled in this report are AFC Industries, ITD GmbH, Advantech Co., Ltd, Harloff Manufacturing Co., Omnicell Inc., Midmark Corporation, The Bergmann Group, Capsa Healthcare, Jaco Inc. and Waterloo Healthcare.

RECENT HAPPENINGS IN THIS MARKET

  • In May 2019, Capsa Healthcare launched the SlimCart documentation cart, an ultra-lightweight and compact cart to mobilize EHR in any healthcare setting.
  • In January 2018, Omnicell, Inc., a medication and supply management solution provider, presented its medication management automation platform and product portfolio at the Arab Health Exhibition and Congress, held in Dubai.
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product
      1. Mobile Computing Carts
      2. Wall-Mounted Workstations
      3. Medication Carts
      4. Medical Storage Columns, Cabinets, & Accessories
      5. Others
      6. Y-o-Y Growth Analysis, By Product
      7. Market Attractiveness Analysis, By Product
      8. Market Share Analysis, By Product
    2. By Type
      1. Anesthesia Carts
      2. Emergency Carts
      3. Procedure Carts
      4. Others
      5. Y-o-Y Growth Analysis, By Type
      6. Market Attractiveness Analysis, By Type
      7. Market Share Analysis, By Type
    3. By End-User
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Physician Offices or Clinics
      4. Others
      5. Y-o-Y Growth Analysis, By End-User
      6. Market Attractiveness Analysis, By End-User
      7. Market Share Analysis, By End-User
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Therapy Type
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Therapy Type
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Therapy Type
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. AFC Industries
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. ITD GmbH
    3. Advantech Co., Ltd
    4. Harloff Manufacturing Co.
    5. Omnicell Inc.
    6. Midmark Corporation
    7. The Bergmann Group
    8. Capsa Healthcare
    9. Jaco Inc.
    10. Waterloo Healthcare
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product, Type and End-User along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Medical Carts Market, By Region, From 2020 to 2025 (USD Million)
  2. Global Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  3. Global Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  4. Global Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  5. Global Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  6. Global Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  7. Global Others Market, By Region, From 2020 to 2025 (USD Million)
  8. Global Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  9. Global Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  10. Global Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  11. Global Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  12. Global Others Market, By Region, From 2020 to 2025 (USD Million)
  13. North America Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  14. North America Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  15. North America Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  16. North America Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  17. North America Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  18. North America Others Market, By Region, From 2020 to 2025 (USD Million)
  19. North America Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  20. North America Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  21. North America Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  22. North America Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  23. North America Others Market, By Region, From 2020 to 2025 (USD Million)
  24. United States Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  25. United States Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  26. Canada Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  27. Canada Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  28. Europe Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  29. Europe Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  30. Europe Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  31. Europe Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  32. Europe Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  33. Europe Others Market, By Region, From 2020 to 2025 (USD Million)
  34. Europe Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  35. Europe Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  36. Europe Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  37. Europe Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  38. Europe Others Market, By Region, From 2020 to 2025 (USD Million)
  39. U.K. Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  40. U.K. Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  41. Germany Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  42. Germany Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  43. France Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  44. France Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  45. Italy Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  46. Italy Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  47. Spain Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  48. Spain Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  49. Asia Pacific Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  50. Asia Pacific Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  51. Asia Pacific Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  52. Asia Pacific Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  53. Asia Pacific Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  54. Asia Pacific Others Market, By Region, From 2020 to 2025 (USD Million)
  55. Asia Pacific Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  56. Asia Pacific Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  57. Asia Pacific Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  58. Asia Pacific Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  59. Asia Pacific Others Market, By Region, From 2020 to 2025 (USD Million)
  60. Japan Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  61. Japan Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  62. China Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  63. China Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  64. India Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  65. India Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  66. Australia Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  67. Australia Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  68. South Korea Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  69. South Korea Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  70. Latin America Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  71. Latin America Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  72. Latin America Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  73. Latin America Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  74. Latin America Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  75. Latin America Others Market, By Region, From 2020 to 2025 (USD Million)
  76. Latin America Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  77. Latin America Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  78. Latin America Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  79. Latin America Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  80. Latin America Others Market, By Region, From 2020 to 2025 (USD Million)
  81. Brazil Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  82. Brazil Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  83. Argentina Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  84. Argentina Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  85. Mexico Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  86. Mexico Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  87. Rest of Latin America Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  88. Rest of Latin America Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  89. Middle East and Africa Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  90. Middle East and Africa Mobile Computing Carts Market, By Region, From 2020 to 2025 (USD Million)
  91. Middle East and Africa Wall-Mounted Workstations Market, By Region, From 2020 to 2025 (USD Million)
  92. Middle East and Africa Medication Carts Market, By Region, From 2020 to 2025 (USD Million)
  93. Middle East and Africa Medical Storage Columns, Cabinets, & Accessories Market, By Region, From 2020 to 2025 (USD Million)
  94. Middle East and Africa Others Market, By Region, From 2020 to 2025 (USD Million)
  95. Middle East and Africa Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  96. Middle East and Africa Anesthesia Carts Market, By Region, From 2020 to 2025 (USD Million)
  97. Middle East and Africa Emergency Carts Market, By Region, From 2020 to 2025 (USD Million)
  98. Middle East and Africa Procedure Carts Market, By Region, From 2020 to 2025 (USD Million)
  99. Middle East and Africa Others Market, By Region, From 2020 to 2025 (USD Million)
  100. Middle East Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  101. Middle East Medical Carts Market, By Type, From 2020 to 2025 (USD Million)
  102. Africa Medical Carts Market, By Product, From 2020 to 2025 (USD Million)
  103. Africa Medical Carts Market, By Type, From 2020 to 2025 (USD Million)

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