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
Report Attribute |
More Details |
2020 Market Size Value |
USD 2.73 Billion |
Forecast Revenues in 2025 |
USD 4.55 Billion |
Growth Rate |
CAGR of 15.2% between 2017 and 2025 |
Estimation base year |
2016 |
Historical data |
2014 - 2016 |
Forecast period |
2017 - 2025 |
Quantitative units |
Revenue in USD Millions and CAGR between 2017-2025 |
Report coverage |
Forecast revenue, company share, competitive landscape and growth factors and trends |
Segments covered |
Type, product, use, and region |
Regional scope |
North America; Europe; Asia Pacific, Latin America; MEA |
Country coverage |
U.S.; Canada; U.K.; Germany; Japan; China; India; Brazil; Mexico; South Africa |
Key companies profiled |
AFC Industries; Ergotron, Inc., Enovate Medical, JACO, Inc., Harloff Manufacturing Co., Medline Industries, Inc., Hergo Ergonomic Support System, Inc., Performance Health |
The scope of customization |
With purchase, you get free report customization (equivalent to up to 8 analysts working day) You can add or modify country, region and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your research needs. Explore your purchase options |
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
What is the market size for medical carts?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.
How is the market for medical carts growing?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.
Which segment had the largest market share for medical carts?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.
What are the major players in the medical cart market?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.
What are the driving factors for the market for medical carts?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.
Report Scope
Report Attributes | Report Details |
Report Title | Medical Carts Market Research Report |
By Product | Wall-Mounted Workstations, & Accessories, Medical Storage Columns, Cabinets, Medication Carts, Mobile Computing Cart |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 203 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Medical Carts Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- 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
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Carts Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Carts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Carts Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Carts Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Carts Market Size & Forecast, 2018-2028
4.5.1 Medical Carts Market Size and Y-o-Y Growth
4.5.2 Medical Carts Market Absolute $ Opportunity
Chapter 5 Global Medical Carts Market Analysis and Forecast by Product
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Product
5.1.2 Basis Point Share (BPS) Analysis by Product
5.1.3 Absolute $ Opportunity Assessment by Product
5.2 Medical Carts Market Size Forecast by Product
5.2.1 Wall-Mounted Workstations
5.2.2 & Accessories
5.2.3 Medical Storage Columns
5.2.4 Cabinets
5.2.5 Medication Carts
5.2.6 Mobile Computing Cart
5.3 Market Attractiveness Analysis by Product
Chapter 6 Global Medical Carts Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Medical Carts Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Medical Carts Analysis and Forecast
8.1 Introduction
8.2 North America Medical Carts Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Medical Carts Market Size Forecast by Product
8.6.1 Wall-Mounted Workstations
8.6.2 & Accessories
8.6.3 Medical Storage Columns
8.6.4 Cabinets
8.6.5 Medication Carts
8.6.6 Mobile Computing Cart
8.7 Basis Point Share (BPS) Analysis by Product
8.8 Absolute $ Opportunity Assessment by Product
8.9 Market Attractiveness Analysis by Product
Chapter 9 Europe Medical Carts Analysis and Forecast
9.1 Introduction
9.2 Europe Medical Carts Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Medical Carts Market Size Forecast by Product
9.6.1 Wall-Mounted Workstations
9.6.2 & Accessories
9.6.3 Medical Storage Columns
9.6.4 Cabinets
9.6.5 Medication Carts
9.6.6 Mobile Computing Cart
9.7 Basis Point Share (BPS) Analysis by Product
9.8 Absolute $ Opportunity Assessment by Product
9.9 Market Attractiveness Analysis by Product
Chapter 10 Asia Pacific Medical Carts Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Medical Carts Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Medical Carts Market Size Forecast by Product
10.6.1 Wall-Mounted Workstations
10.6.2 & Accessories
10.6.3 Medical Storage Columns
10.6.4 Cabinets
10.6.5 Medication Carts
10.6.6 Mobile Computing Cart
10.7 Basis Point Share (BPS) Analysis by Product
10.8 Absolute $ Opportunity Assessment by Product
10.9 Market Attractiveness Analysis by Product
Chapter 11 Latin America Medical Carts Analysis and Forecast
11.1 Introduction
11.2 Latin America Medical Carts Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Medical Carts Market Size Forecast by Product
11.6.1 Wall-Mounted Workstations
11.6.2 & Accessories
11.6.3 Medical Storage Columns
11.6.4 Cabinets
11.6.5 Medication Carts
11.6.6 Mobile Computing Cart
11.7 Basis Point Share (BPS) Analysis by Product
11.8 Absolute $ Opportunity Assessment by Product
11.9 Market Attractiveness Analysis by Product
Chapter 12 Middle East & Africa (MEA) Medical Carts Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Medical Carts Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Medical Carts Market Size Forecast by Product
12.6.1 Wall-Mounted Workstations
12.6.2 & Accessories
12.6.3 Medical Storage Columns
12.6.4 Cabinets
12.6.5 Medication Carts
12.6.6 Mobile Computing Cart
12.7 Basis Point Share (BPS) Analysis by Product
12.8 Absolute $ Opportunity Assessment by Product
12.9 Market Attractiveness Analysis by Product
Chapter 13 Competition Landscape
13.1 Medical Carts Market: Competitive Dashboard
13.2 Global Medical Carts Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 AFC Industries; Ergotron
13.3.2 Inc; Enovate Medical; JACO
13.3.3 Ltd; Harloff Manufacturing Co; Medline Industries
13.3.4 Inc; Advantech Co
13.3.5 Inc; and Performance Health
13.3.6 Inc; Hergo Ergonomic Support Systems