Global Medical Carts Market by Product (Wall-Mounted Workstations, & Accessories, Medical Storage Columns, Cabinets, Medication Carts, Mobile Computing Cart) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global medical carts market in 2016 was valued at USD 1.28 Billion. This market is forecast to grow by 15.2% over the forecast period. Market growth is attributed to the rising incidence of musculoskeletal injuries (MSI) as well as growing adoption of electronic medical records in hospitals. The availability of more technologically advanced products, which offer better configurations, construction, options, features, and other features, has led to a greater adoption of mobile carts.

Mobile carts are essential for providing hassle-free patient care. To streamline routine clinical workflows such as medication recording and fluid administration, and to document inpatient admissions, the demand for small-handled mobile carts is on the rise.

Market growth is expected to be driven by the growing need to assist medical and surgical staff over the forecast period. A secure medication cart with a tablet PC and a computer station is much more convenient than a separate cart. This not only saves space but also costs less. These solutions are especially useful for critical care units that have limited floor space. This will lead to an increase in demand for these medical carts over the forecast period.

The emergence of telemedicine/telehealth and availability of technologically advanced medical carts are among factors contributing to market growth. These products increase nursing efficiency, which helps with better patient care. A key growth driver is the rise in demand for point of care diagnostic technology.

Product Insights

Due to their high adoption rate by hospitals, mobile computing carts dominated the revenue share in 2016. The technologically advanced mobile computing carts use a battery-operated system that includes a lithium ironphosphate battery. The demand for mobile medical carts is expected to rise due to improved ergonomics and new designs. To gain an advantage over their competitors, vendors are working to develop easy-to-implement technology.

Mobile computing carts are being widely adopted due to increasing emphasis on nursing efficiency, rising hospital costs, and the need for quick and easy access to critical medical supplies.

The dominance of this segment is due to supportive government initiatives that encourage the adoption of EMRs and telehealth services at hospitals. Medical carts are expected to grow due to increased adoption of EMR like Electronic Medication Administration Record, (eMAR), and Bar Code Medication Administration(BCMA) in order to avoid medication errors.

Type Insights

There are many types of medical carts: emergency, anesthesia, procedure and treatment and others. In 2016, the largest share of revenue went to emergency medical carts. This is due to the higher use of emergency care units. These carts will be in high demand as patients in emergency rooms are more likely to get infected.

These medical carts can be easily cleaned and come with any medical equipment or drugs needed in an emergency, such as cardiac arrest. These medical carts will be more popular due to improvements in mobility, lighter weight, and ergonomics.

Due to the consistent use of these carts within several hospital settings, the procedure segment will gain popularity over time. These carts are extremely useful in performing procedures such as endoscopy and cardiology, and they also provide access to vital therapeutics. These benefits will be a driving force for future growth in the market.

End-use Insights

The largest users of medical carts are hospitals. Their adoption is driven by the availability of mobile, technologically advanced medical workstations. These innovations include flexible, secure, and efficient medication delivery systems.

The demand for medical carts is expected to rise due to increased patient engagement and promotion incentives programs in hospitals to encourage patient participation.

These workstations will be increasingly used in physician's offices and standalone clinics over the next few years. This is due to the increased awareness and demand for single-stop solutions that are smaller and can be used for multiple medical needs. These carts are useful in transporting medicines, computers and storage cabinets. Their adoption is expected to grow significantly in clinics over the forecast period.

Regional Insights

North America was the region with the highest revenue share in 2016, and it is expected to grow at an exponential rate over the next few years. The region's dominance in medical cart sales is due to its simplified healthcare operations, from hospital admissions to reimbursements, and the availability of integrated healthcare IT systems that can maintain EHR.

To meet customer demand, medical device manufacturers in the region are working to develop advanced medical carts with wheels. Companies are expanding their product range to include advanced technological products like clinical workstations with batteries and security drawers as well as automated dispensing systems.

Asia Pacific is set to experience lucrative growth, as local manufacturers are focusing their efforts on low-cost devices that have higher efficiency. Due to the low cost of labor, international players are also investing in local businesses.

Market Share insights for Medical Carts

This market is fragmented, and there are many small and large players. AFC Industries, Ergotron, Inc.,Enovate Medical, JACO, Inc., Harloff Manufacturing Co., Ltd., Harloff Industries, Inc., Medline Industries, Inc., and Hergo Ergonomic Support Systems, Inc. are some of the major market players.

To gain an advantage over their competitors, companies are adopting strategies like product innovation, mergers & acquisitions, partnerships and regional expansion. The market will be driven by the increasing demand from hospitals for advanced IT solutions in healthcare to improve patient care and safety.

Companies are expected to increase competition by adopting product launch strategies. Ergotron, Inc., for example, launched a powered medical workstation that aids nursing staff who are more vulnerable to musculoskeletal injury. Market growth is also due to increased collaboration strategies to increase the number of clinical carts available to provide cost-efficient healthcare.

Medical Carts Market Report Scope

The report covers segments

This report predicts revenue growth at the global, regional and country level and analyzes industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global market for medical carts on the basis type, region, and end use.

• Product Outlook (Revenue USD Million, 2014-2025)

  • Mobile Computing

    • By Application

      • Documentation

      • Equipment

      • Delivery of medication

      • Telehealth Workstation

      • Other

    • By Energy Source

      • Powered

      • Non-powered

  • Wall-Mounted Workstations

  • Medication

  • Storage columns, cabinets, and accessories

  • Other

• Type Outlook (Revenue USD Million, 2014-2025)

  • Anesthesia

  • Emergencies

  • Procedure

  • Other

• End-use Outlook (Revenue USD Million, 2014-2025)

  • Hospitals

  • Ambulatory Surgical Centers

  • Doctor Offices and Clinics

  • Other

• Regional Outlook (Revenue USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global Medical Carts Market Size was valued at USD 2.37 Billion in 2019, and is forecast to grow to USD 2.73 Billion by 2020.

b. Global Medical Carts Market is expected to grow at a compound annual rate of 15.2% between 2016 and 2025, reaching USD 4.5 billion in 2025.

b. With a 42% share in 2019, North America was the market leader in Medical Carts. This can be attributed to the availability of integrated healthcare IT systems that allow for EHR maintenance and the presence innovative medical device makers.

b. AFC Industries, Ergotron, Inc., Enovate Medical, JACO, Inc., Advantech Co., Ltd., Harloff Manufacturing Co., Medline Industries, Inc., and Hergo Ergonomic Support Systems, Inc. are some of the key players in the Medical Carts Market.

b. Market growth is driven by the rising incidence of musculoskeletal injuries (MSI), increasing adoption of electronic medical records in hospitals, as well as technologically advanced products that provide better configuration, construction, options, features, and features to satisfy consumers' needs.

Up Market Research published a new report titled “Medical Carts Market research report which is segmented by Product (Wall-Mounted Workstations, & Accessories, Medical Storage Columns, Cabinets, Medication Carts, Mobile Computing Cart), By Players/Companies AFC Industries; Ergotron, Inc; Enovate Medical; JACO, Ltd; Harloff Manufacturing Co; Medline Industries, Inc; Advantech Co, Inc; and Performance Health, Inc; Hergo Ergonomic Support Systems”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical Carts Market Report Segments:

The market is segmented by Product (Wall-Mounted Workstations, & Accessories, Medical Storage Columns, Cabinets, Medication Carts, Mobile Computing Cart).

Medical Carts Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical Carts Market

Overview of the regional outlook of the Medical Carts Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical Carts Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical Carts Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Wall-Mounted Workstations

                2. & Accessories

                3. Medical Storage Columns

                4. Cabinets

                5. Medication Carts

                6. Mobile Computing Cart

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical Carts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Medical Carts Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.