Medical Carts Market Synopsis
The medical carts market 2020 can potentially obtain a decent CAGR of 12.1% between 2017 and 2023 (evaluation period), believes Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
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Main Boosters and Key Deterrents
Since the outbreak of novel coronavirus, governments have been grappling with the issues the pandemic has brought along with it. Lockdown has been imposed across the world to control the spread of the virus. That the healthcare industry is overwhelmed is an understatement, especially with the accurate and fast delivery of medical care to people emerging as a significant challenge. Lack of attention given to warning signs, insufficient stockpiling, scarce personal protective equipment/PPE and testing kits and the tight supply of medical carts are the grave issues induced by the SARS-CoV-2 outbreak.
Following the COVID-19 outbreak, medical carts manufacturers have been rushing to take sound decisions with regard to their products, regulatory policies and supply chains in the wake of the rising uncertainty. The healthcare sector is left with the unenviable task of dealing with the surging challenges due to the growing pandemic and chaos. However, medical cart manufacturers have been resilient on the face of the pandemic, embracing every opportunity to ensure fast delivery of their products to the market and maintain the supply and demand gap.
The medical carts market can also remain strong despite the COVID-19 impact, thanks to the rising need for easy and quicker accessibility to supplies, growing emphasis on patient safety, high nursing efficacy and advancements with respect to technologies like telemedicine. Also, the increasing spending on development of the healthcare infrastructure in emerging nations like China and India can also work in the medical carts market’ favor. New and advanced medical carts are being developed with more features to facilitate accurate and faster diagnosis. To cite an instance, in July 2020, Hologic launched SuperSonic MACH 40 premium, which is an ultrasound medical cart. It uses the UltraFast imaging technology, offering frame rates close to 20,000 images per second and also allows fresh imaging modes.
Medical Carts Market Segmental Review
The medical carts industry can be dissected with respect to product type, type, material type, and end-users.
The product types listed in the report include medical storage columns, mobile computing carts, medication carts, wall-mounted workstations, and more.
The types of medical carts in the worldwide market are procedure cart, computer medical cart, anesthesia cart, emergency cart, and others.
Depending on the material type, the market has been considered for plastic type, metal type, and others.
Ambulatory surgical centers, hospitals and clinics and more are the main end-users discussed in the MRFR study.
Medical Carts Market Regional Insight
The medical carts market size has been evaluation while taking into account a few primary regions, namely Europe/EU, Asia Pacific/APAC, Middle East and Africa/MEA and the Americas.
Since 2017, the highest achieving market has been the Americas, as a result of the widespread presence of world renowned companies and the extremely developed medical infrastructure. The market profits are also boosted by the escalated adoption of sophisticated medical equipment and tools, particularly in Canada and the US. In the recent past, there has been a significant rise in the demand for technologically innovative mobile computing medical carts that consists of a battery-operated system made of lithium phosphate iron battery. The evolving ergonomics along with increasing designs has resulted in a higher product demand in the region. Many of the firms are highly focused on developing easy-to-use yet cutting edge technologies for better growth in the market compared to other competitors.
As the second biggest gainer, the European market for medical carts has benefitted largely from the booming geriatric populace and the mounting number of surgeries. Favorable government policies and initiatives that promote telehealth and EMR services in healthcare can also contribute immensely to the market expansion for medical carts in the region.
APAC is presumed to accrue the fastest growth rate in the years ahead, with patient safety becoming a major focus in the healthcare industry. Moreover, the fast development rate of the healthcare infrastructure due to increased spending and the improving economy along with hospital reforms has been favorable for the medical carts industry in APAC. China is a strong market in the region, thanks to the rising cases of chronic illnesses paired with the growing advancements in public and private hospitals.
Although the MEA market is faring poorly out of all the regions, it can still be strongly influenced by the rising number of healthcare programs and the increasing investments going into healthcare industry reformation.
Medical Carts Market Eminent Firms
Jaco Inc (US), Harloff Manufacturing Co. (US), Midmark Corporation (US), Capsa Healthcare (US), The Bergmann Group (US), Ergotron Inc (US), Advantech Co. (Taiwan) Ltd, Omnicell Inc. (US), ITD GmbH (Germany), Waterloo Healthcare (US), AFC Industries (US), Chang Gung Medical Technology Co. (Taiwan), and more are the eminent firms in the medical carts market.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Application Trends & Assessment
Chapter 5. Market Factor Analysis
…TOC Continued
LIST OF TABLES
Table 1 Global Medical Carts Market Market Synopsis, 2018–2023
Table 2 Global Medical Carts Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Medical Carts Market, By Region, 2018–2023 (USD Million)
Table 4 Global Medical Carts Market, By Product, 2018–2023 (USD Million)
Table 5 Global Medical Carts Market, By Site, 2018–2023 (USD Million)
Table 6 Global Medical Carts Market, By Application, 2018–2023 (USD Million)
…Continued
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Medical Carts Market
Figure 3 Segmentation Market Dynamics For Global Medical Carts Market
Figure 4 Global Medical Carts Market Share, By Product, 2018
Figure 5 Global Medical Carts Market Share, By Site, 2018
Figure 6 Global Medical Carts Market Share, By Application, 2018
…Continued
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