Medical Carts Market Size, Share | Research Report [2030]
The global Medical Carts market gathered revenue around USD 6.2 billion in 2021 and market is set to grow USD 15.25 billion by the end of 2030 and is estimated to expand at a modest CAGR of 24.2% during the prediction period 2022 to 2030.
Growth Factors:
Rising incidence of musculoskeletal injury (MSI) and growing adoption of electronic medical records (EMR) in hospitals are key contributors to market growth. Increasing adoption of mobile carts can be attributed to the availability of technologically advanced products that offer better configuration, construction, options, and features to meet requirements of consumers.
An increase in the adoption of electronic medical records (EMR) in hospitals is expected to drive the medical carts market. The growth of the market can also be attributed to the increasing demand for efficient care delivery and patient engagement solutions in healthcare facilities.
Rising incidence of work-related musculoskeletal injury (MSI) among medical and nursing staff is anticipated to propel the demand for mobile medical carts over the forecast period. Furthermore, advancements in clinical workstations such as battery-powered systems with locking drawers and touchscreen communication channels are contributing to the increase in demand for these products over the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Medical Carts market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Medical Carts market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 5.25 billion by 2030 |
| Growth Rate | CAGR of 24.2% From 2022 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Product, type, end use Region Type |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | AFC Industries; Ergotron, Inc.; Enovate Medical; JACO, Inc.; Advantech Co., Ltd.; Harloff Manufacturing Co.; Medline Industries, Inc.; Hergo Ergonomic Support Systems, Inc.; Performance Health |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Medical Carts market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
North America accounted for the largest revenue share in 2020 and is anticipated to register an exponential CAGR in the coming years. Presence of streamlined healthcare operations – from hospital admissions to reimbursements – and availability of integrated healthcare IT systems to maintain EHR are some of the factors contributing to the region’s dominance in the market for medical carts.
Medical device manufacturers in this region are focusing on developing advanced medical carts on wheels to meet customer demand. For this, companies are changing their product portfolio to include new technologically advanced products such as clinical workstations with batteries, security drawers, and automated dispensing systems.
Asia Pacific is expected to witness lucrative growth as manufacturers in this region are focusing on developing low-cost devices with higher efficiency. In addition, global players are investing in local companies owing to low costs of labor and raw materials.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Medical Carts Market include: AFC Industries; Ergotron, Inc.; Enovate Medical; JACO, Inc.; Advantech Co., Ltd.; Harloff Manufacturing Co.; Medline Industries, Inc.; Hergo Ergonomic Support Systems, Inc.; Performance Health
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Medical Carts market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Medical Carts market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Medical Carts markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Medical Carts Market Study:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers