Global Medical Carts Market, By Product (Mobile Computing Carts, Medical Storage Columns, Cabinets and Accessories, Medication Carts, Wall-Mounted Workstations and Other), Type (Computer Medical Cart, Emergency Cart, Procedure Cart, Anesthesia Cart, Medical Laboratory Utility Cart, and Others), Application (Medical, Medical Imaging, Laboratory, and Others), Material Type (Plastic, Wood, Stainless Steel, Metal and Others), Payload (50 kg, 65 kg, 80 kg, 150 kg, 180 kg and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Trauma Centers, and Others), Distribution Channel (Direct Tender, Third Party Distributors and Others) – Industry Trends and Forecast to 2029.
Medical Carts Market Market Analysis and Insights
The global medical carts market is expected to gain market growth due to improving healthcare facilities and infrastructures and the adoption of electronic medical records at the hospital, which can drive the growth of the market. The other factors which are anticipated to propel the growth of the medical carts market include the rising cases of musculoskeletal injuries and surgeries.
The other factors, such as the lack of skilled professionals and the high cost of customized medical carts, hamper the growth of the global medical carts market. On the other hand, the increased healthcare expenditure and emerging countries with developed hospitals act as an opportunity for the growth of the global medical carts market.
Data Bridge Market Research analyzes that the global medical carts market will grow at a CAGR of 13.3% during the forecast period of 2022 to 2029.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019-2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Mobile Computing Carts, Medical Storage Columns, Cabinets and Accessories, Medication Carts, Wall-Mounted Workstations and Other), Type (Computer Medical Cart, Emergency Cart, Procedure Cart, Anesthesia Cart, Medical Laboratory Utility Cart, and Others), Application (Medical, Medical Imaging, Laboratory, and Others), Material Type (Plastic, Wood, Stainless Steel, Metal and Others), Payload (50 kg, 65 kg, 80 kg, 150 kg, 180 kg and Others), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Trauma Centers, and Others), Distribution Channel (Direct Tender, Third Party Distributors and Others)
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Regions Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Switzerland, Belgium, Rest Of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest Of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel and Rest of Middle East and Africa
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Market Players Covered
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AFC Industries, ITD Gmbh, Capsa Healthcare, Omnicell Inc., Harloff Manufacturing Company, Jaco Inc., Humanscale, Midmark Corporation, Advantech Co., Ltd., Bergmann Group, Intermetro Industries Corporation, Mckesson Medical-Surgical Inc., Pedigo Products, Ergotron, Inc., Enovate Medical., Performance Health, Jegna (Xiamen) Info&Tech Co., Ltd, Herman Miller, Inc., Zhangjiagang Bestran Technology Co.,Ltd, BAILIDA MEDICAL, Bihealthcare (Zhangjiagang Braun Industry Co., Ltd.), HI-LIFE Technology, Medical Master Co., Ltd., Hua Shuo Plastic Co., Ltd., Villard, JOSON-CARE Enterprise co., LTD., Chang Gung Medical Technology Co., Ltd., Altus, Inc., Bytec Healthcare Ltd, and AMD Global Telemedicine among others.
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Market Definition of Global Medical Carts Market
Medical carts are light weighted mobile carts that are used in the medical facility for various applications. They are widely used for storing and transporting medications, emergency equipment, and medical supplies. Medication carts are typically rectangular or square units with swivel caster wheels and specific compartments for holding numerous medical supplies. They are made to be convenient for nurses, doctors, and healthcare professionals to constantly administer patients' medication routine during their hospital stay. Their frame is mostly made of stainless steel or steel alloy. Crash carts are positioned throughout hospitals, enabling access at any time of emergency. Each cart drawer is properly labeled for healthcare personnel to find the equipment easily in a hurry. Some other medical carts include anesthesia carts, medical utility carts, procedure carts, and wall-mounted carts. Some medical carts, like portable ultrasound machine mobile carts, feature advanced technologies like a pneumatic lever for easy height adjustment. They are enabled with holders for ultrasound probes, clinical wipes, ultrasound gel dispensers, and hygienic gloves dispensers and come with a heavy-duty caster.
Global Medical Carts Market Dynamics
Drivers
- Improving healthcare facilities and infrastructure
Healthcare facilities, hospitals, clinics, outpatient care centers, specialized care centers, birthing centers, and psychiatric care centers are increasing globally due to rising cases of chronic diseases and infectious diseases with their hospital admissions and stay requirements. The pandemic condition significantly increased the demand for medical carts, with Intensive Care Units (ICUs) for the treatment of patients. Many developing countries are taking various solutions and strategies to improve the healthcare facilities of their countries.
- Adoption of Electronic Medical RecordS (EMR) at hospitals
Many healthcare sectors are informed to mandatorily set EMRs in their hospitals or clinics to convert all medical charts into digital format, primarily incorporated in medical carts for easy access. Any hospital that doesn’t enable EMR will be considered to have data or record illegible and incomplete.
- Advanced medical carts application
The recently manufactured medical carts are incorporated with numerous IT solutions to enable easy medical storage and access. Most devices come with touch panels with slim designs for easy usage. They are lightweight with smooth wheels enabling easy mobility with significantly little pressure by nurses to prevent muscular pains. These touch panels can improve the quality of care and eliminate disastrous human consequences, which can cause an error in treatment dosage and supply. Many manufacturers are trying to innovate new advancements in their medical carts.
Opportunities
- surge in healthcare expenditure
The amount of money a country uses on its healthcare and its growth rate over time is inclined by various economic and social factors, including the financing arrangements and structure of the health system organization. In particular, there is a strong association between the whole income level and how much the population of that country spends on health care.
Healthcare expenditure has increased across developed countries, and emerging economies as the disposable income of people are growing. Moreover, to accomplish the population requirements, the government bodies and healthcare organizations in different regions are taking the initiative by virtue of accelerating healthcare expenditure. The rise in healthcare expenditure helps healthcare organizations improve their facilities and equipment, including medical carts.
- Strategic initiatives by key market players
Strategic initiatives such as acquisition, partnership, contract agreement, and conference participation provide opportunities to flourish their customer base. Moreover, through such initiative strategies, both companies expand their reach through new geographic or industry markets, access to new products or services, or new types of customers. Both the market players open the door to additional or new resources such as technology and talent.
- Convenience of carts
The medical carts are helping the medical and surgical staff hustle-free with the convenient application. Many healthcare providers have shifted to medical carts with EMR systems to store medical data and maintain on-spot to have continuous vision over the treatment progress. These have helped healthcare providers eliminate the mountain of paper works of medical data. The burden has been reduced with one touch panel to store and access multiple data on EMR medical carts. In cases of emergency, these carts with EMR allow rapid search and visualization of records instantly.
- Emerging countries with developed hospitals
Developing countries such as India, China, and Argentina are improving their countries' healthcare facilities. The rising cases of non-communicable chronic diseases, cardiac arrests, diabetes, and others demand high requirements for hospital facilities with rising hospital admission and treatments. The high disease rates in developing countries also enhance the opportunity for market players to distribute their products at a good pace. The root reason for their disease burden is the consequences of poverty, such as poor nutrition, air pollution, and unsanitary food habits and lifestyle. Hence, this rises the requirement for high facilitated hospitals in these developing countries.
Restraints/Challenges
- heavy workstation on wheels
Most medical carts used in hospitals or medical wards must be ergonomically designed to prevent weightage issues for any healthcare professional who uses them. Heavy workstation on wheels always takes a toll on nurses who push the cart.
- stringent regulatory framework
The use of medical carts with numerous specificity and advancements across hospitals is rapidly increasing, with the growth of the aged population and several carcinogenic diseases requiring long hospital stays and routine medical maintenance. At the same time, the players of the medical cart manufacturers in the market have to follow specific regulations to get approval from the upper authorities to launch the product in the market. These stringent guidelines need to be followed, and this is one of the most challenging tasks among all the steps. The pre-market approval of various medical devices varies from one country to another. The U.S. FDA regulates the medical carts in the U.S. The European Union (EU) holds in Europe. However, the rapid development of privacy policies and regulations are being made in Asia-Pacific, Europe, Middle East, and Africa, including India, Russia, China, South Korea, Singapore, Hong Kong, and Australia.
Post COVID-19 Impact on Global Medical Carts Market
COVID-19 created a Global major impact on the medical carts market. COVID-19 has not deleteriously affected the price and demand of medical carts products at a higher level because of progressive online sales and innovative delivery alternatives available with utmost safety concerns to major healthcare centers, hospitals, clinics, and ambulatory surgical centers. However, the growing chronic diseases, surgical cases, and hospital admissions have grown medical carts' usage significantly globally. During and after the COVID-19, medical carts were in increased demand due to rising hospital requirements in various regions, and advancements in research and development in medical equipment have rushed the market's growth globally. The demand for medical carts has risen in the past few years as medical carts are growing in hospitals, clinics, trauma centers, and ambulatory surgical centers. Hence, medical carts demand has always stayed high as many hospitals increased with the requirement for better equipment facilities. The COVID-19 pandemic outbreak positively impacted the market's growth owing to the high requirement for medical carts, especially in various hospitals, but the supply chain disruption has been challenging. However, many other medical carts used in surgeries and Emergency intensive care unit wards are made available for hospitals using innovative transportation and online sales. The current priority in most hospitals is given to COVID-19 treatments as the surge of COVID-19 cases is still persistent, which also increases the usage of medical carts for numerous medication supplies. Moreover, many international governments and healthcare organizations have supported the supply of these products due to their high priority in crucial cases.
Recent Developments
- In June 2022, Ergotron Inc. launched a new product CareFit Combo System. This is wall mounted solution that makes the documentation efficient and comfortable. The CareFit Combo System adds to Ergotron's CareFit product line. It offers more alternatives to meet various workflows in the healthcare industry, facilitating patient relationships and lowering the chance of error. This launch covers the requirement of nurses, managing the space requirement, comfortable documentation, and flexible workflow
- In June 2022, Atlas announced the expansion of their Cameo telehealth cart line to fulfill rising demand and the quick uptake of telehealth solutions in healthcare facilities. The newly designed Cameo tablet carts provide improved virtual interactions like teleconsultations, physician rounding, and translation services. This expansion will increase the demand for the company products and help in increasing the growth of the company worldwide
Global Medical Carts Market Scope
The global medical carts market is categorized into seven notable segments based on product, type, application, material type, payload, end user, and distribution channel. The growth amongst these segments will help to analyze market growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Mobile Computing Carts
- Medical storage Columns
- Cabinets and Accessories
- Medication Carts
- Wall-Mounted Workstations
- Other
Based on product, the global medical carts market is segmented into mobile computing carts, medical storage columns, cabinets and accessories, medication carts, wall-mounted workstations, and others.
Type
- Computer Medical Cart
- Emergency Cart
- Procedure Cart
- Anesthesia Cart
- Medical Laboratory Utility Cart
- Others
Based on type, the global medical carts market is segmented into computer medical cart, emergency cart, procedure cart, anesthesia cart, medical laboratory utility carts, and others.
Application
- Medical
- Medical Imaging
- Laboratory
- Others
Based on application, the global medical carts market is segmented into medical, medical imaging, laboratory, and others.
Material Type
- Plastic
- Wood
- Stainless Steel
- Metal
- Others
Based on material type, the global medical carts market is segmented into plastic, wood, stainless steel, metal, and others.
Payload
- 50 kg
- 65 kg
- 80 kg
- 150 kg
- 180 kg
- Others
Based on payload, the global medical carts market is segmented into 50 kg, 65 kg, 80 kg, 150 kg, 180 kg, and others.
End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Trauma Centers
- Others.
Based on end user, the global medical carts market is segmented into hospitals, clinics, ambulatory surgical centers, trauma centers, and others.
Distribution Channel
- Direct Tender
- Third-Party Distributors
- Others
Based on the distribution channel, the global medical carts market is segmented into direct tender, third party distributors, and others.
Global Medical Carts Market Regional Analysis/Insights
The global medical carts market is analyzed, and market size insights and trends are provided based on product, type, application, material type, payload, end user, and distribution channel.
The global medical carts market report U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Turkey, Switzerland, Belgium, Rest Of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest Of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel and Rest of Middle East and Africa.
North America dominates the global medical carts market with a CAGR of around 14.3% in terms of market share and market revenue. It will continue to flourish its dominance during the forecast period. This is due to the rising cases of musculoskeletal injuries, surgeries, and the adoption electronic medical records at the hospital.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Medical Carts Market Share Analysis
The global medical carts market competitive landscape provides details about the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, regulatory guidelines, brand analysis, product approvals, product payload, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the global medical carts market.
Some of the major players operating in the global medical carts market are AFC Industries, ITD Gmbh, Capsa Healthcare, Omnicell Inc., Harloff Manufacturing Company, Jaco Inc., Humanscale, Midmark Corporation, Advantech Co., Ltd., Bergmann Group, Intermetro Industries Corporation, Mckesson Medical-Surgical Inc., Pedigo Products, Ergotron, Inc., Enovate Medical., Performance Health, Jegna (Xiamen) Info&Tech Co., Ltd, Herman Miller, Inc., Zhangjiagang Bestran Technology Co.,Ltd, BAILIDA MEDICAL, Bihealthcare (Zhangjiagang Braun Industry Co., Ltd.), HI-LIFE Technology, Medical Master Co., Ltd., Hua Shuo Plastic Co., Ltd., Villard, JOSON-CARE Enterprise co., LTD., Chang Gung Medical Technology Co., Ltd., Altus, Inc., Bytec Healthcare Ltd, and AMD Global Telemedicine, among others.
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