ID: MRFR/HC/5967-HCR | February 2021 | Region: Global | 110 pages
Medical carts market is expected to grow significantly over the forecast period. The market held a market value of USD 1,100 million in 2017 and is projected to grow at a CAGR of 12.1% over the forecast period.
Medical carts are one of the most vital components in treating patients. Moreover, in cases of medical emergency hospital requires a rapid response in which medical carts play an important role. Increasing prevalence of musculoskeletal injury and technological advancements in medical devices are major factors responsible for the growth of the medical carts during forecast period.
Moreover, the easy availability of advanced medical cart through e-commerce and retail stores and increasing use of such devices at home are anticipated to fuel the growth of the global medical carts market. According to United States Bone and Joint Initiative, most of the musculoskeletal injuries occurred to people between the ages of 18 and 64 years are in the United States.
However, factors such as, high cost of advanced medical carts in developing countries may hamper the market growth during the forecast period.
The medical carts market is segmented based on product type, type, material type, and end-users.
The market, by product type, the market is segmented into mobile computing carts, medical storage columns, wall-mounted workstations, medication carts, and others.
Based on type, the market is segmented into computer medical cart, procedure cart, emergency cart, anaesthesia cart, and others.
Based on material type, the market is segmented into metal type, plastic type, and others.
Based on end-user, the market is segmented into hospitals and clinics, ambulatory surgical centres, and others.
On the basis of region, the global medical carts market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is sub-segmented into North America and Latin America. The North American region is further segmented into the US and Canada. The European region is divided into two, namely, Western Europe and Eastern Europe. Western Europe is further classified into Germany, Italy, France, the UK, Spain, and the rest of Western Europe. The Asia-Pacific region is sub-segmented into Japan, China, India, Australia, the Republic of Korea, and the rest of Asia-Pacific. The Middle Eastern and African region is sub-segmented into the United Arab Emirates, Saudi Arabia, Oman, Kuwait, Qatar, and the rest of the Middle East and Africa.
Regional Market Summary:
Global Medical Carts Market Share (%), by Region, 2017
Sources: Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), US Department of Health and Human Services, National Institutes of Health, Company’s Annual Report
The Americas region dominated the global medical carts market in 2017, owing to the presence of major market participants & sophisticated healthcare infrastructure and comparatively higher adoption of advanced medical devices in the US and Canada.
Europe hoisted as the second largest region for the global medical carts market owing to increasing geriatric population along with the rise in the number of numerous surgeries is are expected to provide this market with lucrative growth opportunities.
Asia-Pacific was projected to be the fastest growing region for the global medical carts market in 2017. The factors attributed to the due to the increasing focus on patient safety and increasing expenditure in healthcare infrastructure.
The Middle East and Africa holds the least share in the medical carts market due to the presence of poor health expenditure and economically diverse countries. However, the market is expected to witness growth due to increasing healthcare programs in the Middle East.
Market Segmentation and Key Market Players
Global Medical Carts Market, by Product Type
Global Medical Carts Market, by Type
Global Medical Carts Market, by Material Type
Global Medical Carts Market, by End User
Global Medical Carts Market, by Region
Global Medical Carts Market, by Key Players
Frequently Asked Questions (FAQ) :
The global medical carts market was valued at USD 1.1 billion in 2017.
The global medical carts market is expected to exhibit a strong 12.1% CAGR over the forecast period from 2018 to 2023.
The increasing availability of medical carts on online shopping portals and the increasing use of medical carts in home care are the major drivers for the medical carts market.
The Americas, followed by Europe, is the leading regional market for medical carts.
Leading players in the medical carts market include ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co., AFC Industries, Omnicell Inc., Midmark Corporation, The Bergmann Group, Capsa Healthcare, Jaco Inc., and Ergotron Inc., among others.
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.