The global medical transfer and storage cabinets market is forecast to grow from USD 8.5 billion in 2021 to USD 14.2 billion by 2028, at a CAGR of 7.4% during the period 2018-2028. The growth of this market is driven by rising demand for medical products, increasing the number of surgeries, and growing healthcare awareness among consumers across the globe.
A medical transfer and storage cabinet is a device that helps in the distribution of medicines, pharmaceuticals, or other items from one location to another. It is a product used as part of the pharmaceutical supply system to store, organize and maintain medicines that are not in use. They may also be called drug cabinets or medication cabinets. These products help create an organized environment for stocking and storing drugs at various stages of their life cycle which includes; active, inactive, expired, and discontinued medications. This type of product is more commonly found within hospital pharmacies but can now also be found outside hospitals such as in other healthcare settings including dental practices or even homes where it's important to keep your medicine safe from children who might accidentally ingest them without knowing what they're taking.
On the basis of type, the medical transfer and storage cabinets market is segmented into wall-mounted style and floor-mount cabinets.
Wall-mounted style medical transfer and storage cabinets are designed for the use of healthcare facilities in order to get supplies from one place to another. The design is such that it can fit into any space, making them a popular choice among hospitals. They come in different styles depending on their usage: floor-standing, wall-mounted or stackable.
Wall-mounted style cabinets are typically used in laboratories, as they allow for easy access to the work area. Wall-mounted units can also be installed in a room or hallway where there is no space on the floor. These cabinets have an open design and usually feature adjustable shelves with stainless steel surfaces that make them suitable for use with both dry or wet items.
A floor mount medical transfer and storage cabinet is a type of furniture that has been designed for use in healthcare facilities. They are used to store all sorts of equipment, from surgical instruments to linens. These cabinets are mounted on the ground so they can be accessed by hospital staff at any time with ease. The space inside them can accommodate different sizes of items, which makes it easy for doctors or nurses to quickly grab what's needed without having to search through lots of drawers and boxes. Floor-mounted cabinets also make great reference points when giving instructions about where something needs to go back into the cabinet after being taken out for examination or surgery.
On the basis of application, the global medical transfer and storage cabinet market is segmented into aseptic implants manufacturer and medical equipment manufacturer.
Aseptic implants manufacturer is an application of the global medical transfer and storage cabinets market. Aseptic Implants are sterilized devices that have been processed by maintaining a sterility barrier with either steam or gas. These sterile devices can be stored in cleanrooms for months before use as they do not need to be used immediately after manufacture since their shelf life is extended due to this process, which provides these products with advantages over other medical equipment manufacturers.
The medical equipment manufacturers are responsible for the manufacturing of various types of health care devices such as surgical instruments, dialysis machines, and other related products. Medical transfer and storage cabinets help in storing these devices safely so that they can be accessed when required without any safety concerns. The medical equipment manufacturers use these cabinets to store and transfer their products that have been sterilized. These companies also make sure that the product is safe from any contamination during the process of storing or transferring it when using a cabinet for this purpose.
On the basis of region, the global medical transfer and storage cabinets market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global medical transfer and storage cabinets market during the forecast period with around 40% of revenue share in 2022-2028. the North American region held a dominant segment of market share in 2017 and is expected to maintain its dominance over other regions during the forecast period. The Latin America, Europe, Asia Pacific, and Middle East & Africa markets are also anticipated to grow at an exponential rate with their growth rates more than tripling by 2028 from that in 2017.
The growth of the global medical transfer and storage cabinets market is primarily driven by factors such as an increase in product awareness, rising demand for healthcare services globally, and economic development. In addition to this, improved regulatory framework across developed markets coupled with favorable government initiatives are also driving the growth of the market. On the other hand, lack of adequate investment from manufacturers in research & development activities can hamper growth over a period.
Up Market Research published a new report titled “Medical Transfer and Storage Cabinets Market research report which is segmented by Types (Wall Mounted Style, Floor Mounted Style), By Applications (Aseptic implants manufacturer, Medical equipment manufacturer), By Players/Companies Du Pont, Illinois Tool Works, Royal Imtech, M+W Group, Azbil Corporation, Clean Air Products, Alpiq Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Medical Transfer and Storage Cabinets Market Research Report|
|By Type||Wall Mounted Style, Floor Mounted Style|
|By Application||Aseptic implants manufacturer, Medical equipment manufacturer|
|By Companies||Du Pont, Illinois Tool Works, Royal Imtech, M+W Group, Azbil Corporation, Clean Air Products, Alpiq Group|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||219|
|Number of Tables & Figures||154|
|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.
The market is segmented by Type Wall Mounted Style, Floor Mounted Style and By Application Aseptic implants manufacturer, Medical equipment manufacturer.
Some of the companies that are profiled in this report are:
Medical Transfer and Storage Cabinets 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.
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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.
We have studied the Medical Transfer and Storage Cabinets 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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