The Medical Carts Market accounted to USD 550.0 million in 2016 growing at a CAGR of 14.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Medical carts are used for medical aid by facilitating to record, store, and dispense equipment, supplies, and patient information. These are medical trolley comprising compartments, set of drawers, and trays, for use in hospital and medical settings to carry, transport, and dispense emergency supplies, medicines, medical instruments, and medical devices.
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Major Market Drivers and Restraints:
- Improving focus on patient safety
- Increase in healthcare expenditure
- Growth in investment on healthcare infrastructures
- Technological developments
- High cost of customized medical carts
- Lack of skilled professionals
Market Segmentation:
By product type, the medical carts market is segmented into emergency, anesthesia, procedure, and other carts.
On the basis of end-users, the medical carts market is segmented into hospitals, nursing homes and long term care centers, clinics, and others.
On the basis of geography, medical carts market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Competitive Analysis:
The medical carts market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical carts market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors:
Some of the major players operating in medical carts market are AFC Industries, Chang Gung Medical Technology Co., Altus Inc., , ITD GmbH, Life-Medic HealthCare Supplies Pvt. Ltd, Armstrong Medical, Capsa Solutions LLC Medline Industries Inc., Midmark Corporation, Moore Medical LLC (subsidiary of McKesson Medical-Surgical), Nortek, Inc., Omnicell Inc., The Harloff Company (Harloff Manufacturing Co.) .among others
Research Methodology:
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
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