The latest research study “Medical Carts Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global medical carts market size reached a value of US$ 1.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 3.4 Billion by 2027, exhibiting a CAGR of 13.20% during 2022-2027.
Medical carts are small, portable trolleys used in hospitals to transport and store supplies, equipment, and medications. They have numerous compartments, trays, drawers, handles, and wheels to help manage bulky medical equipment effectively. They are made from materials that are secure and appropriate for use in medical facilities, such as plastic, aluminum, mild and stainless steel, and steel. Medical carts are also easy to transport and operate more effectively, therefore they are widely used in hospital emergency, operating, and medical isolation rooms.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Medical Carts Market Trends and Drivers:
The market is primarily driven by extensive growth in the healthcare sector. In addition, the rising prevalence of chronic diseases and acute illnesses requiring patient hospitalization represents another major growth-inducing factor.
Apart from this, rising investments by private and public sectors to enhance the existing healthcare infrastructure are also providing a positive thrust to market growth. Besides this, various technological advancements, such as the integration of touch displays personal computers (PCs) with medical carts, are escalating the product demand across the globe.
Other factors, including extensive research and development (R&D) activities conducted by key manufacturers to introduce improved product variants and the rising adoption of the point-to-care approach across healthcare institutions, are also creating a positive market outlook.
|Market size value in 2021||US$ 1.56 Billion|
|Market forecast in 2027||US$ 3.4 Billion|
|Growth Rate||CAGR of 13.20% from 2022 to 2027|
|Base year for estimation||2021|
Global Medical Carts Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Advantech Co. Ltd, Capsa Healthcare, Ergotron Inc (Melrose Industries plc), Herman Miller Inc, ITD Gmbh, Jaco Inc., Medline Industries LP, Midmark Corporation, Omnicell Inc., Performance Health, The Harloff Company and Waterloo Healthcare.
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The report has segmented the market on the basis of region, product, type, material type and end use.
Breakup by Product:
• Mobile Computing
• Wall-Mounted Workstations
• Storage Columns, Cabinets and Accessories
Breakup by Type:
Breakup by Material Type:
• Metal Type
• Plastic Type
Breakup by End Use:
• Ambulatory Surgical Centers
• Physician Offices or Clinics
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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Source: Digital Journal