Medical Carts Market Overview:
Global Medical Carts Market is expected to reach at $1,302 million by 2023 from $571 million in 2016, registering a CAGR of 12.4% from 2017 to 2023. A medical cart or trolley is a wheeled cabinet with drawers and trays that is used in various medical, surgical, and therapeutic modalities. These are used widely used across hospitals and clinical settings to keep drugs, tools, equipment, and medical devices for the specified treatment.
Rise in the need for rapid and easy accessibility to medical supplies, improving focus on patient safety, nursing efficiency, and development in advanced technologies, such as telemedicine are some key factors that drive the growth of global medical carts market. Moreover, growth in investment on healthcare infrastructures in rapidly growing countries, such as India and China, foster the demand for medical carts market. However, high cost of customized medical carts, dearth of skilled professionals, and scarcity of funds restrain the market growth especially in the developing countries. In addition, high maintenance of medical carts that needs regular sterilization as carts spread allergies across the hospital restricts the market growth.
Global Medical Carts Market Segmentation
The medical cart market is segmented based on type into anesthesia, emergency, procedure, and other carts. Based on region, medical carts market is divided into North America, Europe, Asia-Pacific, and LAMEA.
Asia-Pacific Medical Carts, Type (Value and Volume)
Rapid economic growth, increase in healthcare expenditure, and hospital reforms drive the medical carts market in China, owing to the aged population and advancement in private & public hospitals. Moreover, the healthcare reform in China is strongly influenced by policies issued at various government levels including, state council, national health, and family planning commission.
National Healthcare Spending in China (2008-2013)
The report provides a comprehensive analysis of the key players operating in the global medical carts market, such as InterMetro Industries Corporation (A Part Of Ali Group), Harloff Company (Harloff Manufacturing Co.), Armstrong Medical, Capsa Solutions LLC., Omnicell Inc., Medline Industries Inc., ITD GmbH, Midmark Corporation, The Bergmann Group, Life-Medic HealthCare Supplies Pte Ltd.
The other key players in the value chain include Jegna, Herman Miller, Inc., Zhangjiagang Bestran Technology Co. Ltd., Merino International, BiHealthcare, Tianjin Xuhua Medical Equipment Factory, Medical Master, Hua Shuo Plastic Co., Ltd., Joson-Care Enterprise Co., Ltd., and Tonglu Rex Medical Instrument Co., Ltd.
Key Market Benefits
- The study provides an in-depth analysis, current trends, and future estimations of the global medical carts market to elucidate the imminent investment pockets.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- A quantitative analysis of the industry from 2017 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of key segments of the industry is provided to understand the type of products and indications used globally.
- Key market players and their strategies are analyzed to understand the competitive outlook of the market.
Medical Carts Market Key Segments:
- Other Carts
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA