Medical carts Market, by Power Source (Powered Carts and Non-powered Carts), by Product Type (Mobile Computing Carts, Emergency Carts, Procedure Carts, Anesthesia Carts,      Medication Carts, and Others), by End User (Hospitals, Clinics, Diagnostic Centers, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast to 2026

  • Published On : Sep 2018 |
  • Pages : 180 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Medical carts offer enhanced pharmaceutical storage and organization solutions for controlled medication safety, and the ability to mobilize patient medical information. Modern medication storage and organization requires an attractive, configurable medication cart design that offers maximum capacity, durable construction, and premium workflow accessories.

Various peripherals including label makers, printers, scanners, different drawer configurations, sharps containers, chart holders, wastebaskets, and others with useful features and attachments can be added to medical cart to optimize its utility and functioning. For instance, in the acute care setting, medical carts have a barcode scanner, where the patient’s wrist and the medications can be scanned to improve patient’s safety during administering medications.

Increasing number of hospitalization cases or hospital visits due to rising incidences of trauma, injury, and infection are major factors driving the medical carts market growth. For instance, according to World Health Organization (WHO) factsheet in 2018, each year there are around 37.3 million falls, which requires medical attention whereas estimated 646,000 individuals die from falls globally every year.

Orthopedic cart includes casts and splints for treatment of strains, sprains, and fractures. Growing cases of orthopedic trauma is expected to increase demand for orthopedic carts, which will eventually drive growth of the medical carts market. For instance, according to International Osteoporosis Foundation statistics, 2017, an estimated 8.9 million fractures are caused annually by osteoporosis, resulting in an osteoporotic fracture every 3 seconds, with around 1.6 million hip fractures occurring globally each year, which is expected to reach 4.5 million by 2050.

The global medical cart market size was valued at US$ 2.2 billion in 2017, and is expected to witness a CAGR of 9.7% over the forecast period (2018 – 2026).

Global Medical Carts Market Revenue (US$ Mn), By End User, 2017

Source: Coherent Market Insights Analysis (2018)

Increasing Application of Medical Carts in Hospitals is expected to drive the Medical Carts Market Revenue

Medical cart is majorly used at hospitals as it can provide clinicians with significant workflow benefits. Increasing adoption of electronic health record (EHR) coupled with demand for real-time electronic data access and entry at the patients’ bedside are the other important factors, which are expected to drive growth of the medical carts market. Mobile medical carts provide means to transport sophisticated videoconferencing equipment to the patients’ bedside, allowing physicians to conduct thorough examinations remotely.

Moreover, medical carts provide a convenient way to bring computer-based patient education program (such as videos, games, and reference material) to bedside. Therefore, technological advancements in mobile carts can meet the needs of multiple applications, and further aid healthcare facilities, patients, and clinicians.  

Medical Cart Market - Restraints

Stringent government regulation and technological limitations in developing new carts can hamper growth of the medical carts market during the forecast period. Medical carts device falls under International Electrotechnical Commission (IEC) 60601-1 risk management testing and therefore, should be tested thoroughly to meet all FDA regulations.

In December 2016, FDA notified healthcare providers across the U.S. that their mobile medical carts may be a fire hazard. Lithium and lead acid batteries used in crash carts, medication dispensing carts, and other carts used for point-of-care services, barcode scanning, and patient monitoring can overheat, produce dangerous smoke, catch fire or even explode. Therefore, manufacturers are required to meet all the FDA norms and policies before launching or marketing new products. These factors might be a restrain in growth of the medical carts market.

Medical Cart Market - Regional Insights

On the basis of region, the global medical cart market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2026, North America is expected to hold the dominant position in the global medical cart market, owing to its developed medical facilities in comparison to emerging economies and high presence of industry manufacturers generating major revenue.

Asia Pacific medical carts market is expected to increase at the highest CAGR during the forecast period. Key market players are focusing on developing cost-effective devices with improved efficiency in order to enter the market, eventually driving growth of the regional medical cart market revenue. Moreover, increasing burden of medical emergency, trauma, and other diseases on hospitals is also an important factor impacting growth of the market. For instance, according to the WHO 2018 report, over 100,000 people in India suffer from burns every year, while burns are the second most common injury in Nepal accounting for 5% of disabilities.

Global Medical Carts Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2026

          

 Source: Coherent Market Insights Analysis (2018)

Medical Carts Market - Competitive Landscape

Key players operating in the global medical cart market include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical. Manufacturers are focusing on designing medical carts with precision to ensure efficiency and convenience. Some industry players provide customized medical carts depending on the organization’s needs.  

Medical carts are defined as a trolley used to carry all the medical equipment while operating or treating patients. It holds cabinets with drawers and trays, which are used for various procedures such as surgical, medical, and therapeutic modalities. These carts are widely used in hospitals, clinics, and others for keeping drugs, equipment, medical tools, and medical devices. These carts save valuable time and efforts of healthcare professionals involved in repetitive rounds for medication planning and tedious patient data recording through easy treatment plan and medication management.

Market Dynamics

Rising cases of various medical emergencies, trauma, and other chronic and acute diseases are increasing the number of patients’ visit in hospitals and eventually driving growth of the Medical Carts Market size. Increasing number of trauma associated with road accidents and other causes is expected to propel demand for emergency medical carts. For instance, according to Global Burden of Disease report published by Lancet in 2015, road injuries is one of the leading cause amongst 20 causes of disease burden worldwide.

Moreover, increasing number of surgical procedures is also expected to support medical carts market’s growth during the forecast period. For instance, according to National Centre for Biotechnology Information (NCBI) 2015 report, in the U.S., around 175,000 umbilical hernia repairs are performed each year. Increasing prevalence of various chronic diseases such as diabetes, cardiovascular diseases, cancers, and genetic disorders also increases patient visits to hospitals, clinics, diagnostic centers, and ambulatory surgical centers, thereby driving demand for all types of medical carts. For instance, according to the National Association of States United for Aging and Disabilities report, the number of Americans with chronic conditions will increase by 37%, between 2000 and 2030, which is an increase of 46 million people.

Key features of the study:

  • This report provides in-depth analysis of the medical carts market, market size (US$ Mn), and compound annual growth rate (CAGR) (%) for the forecast period 2018 – 2026, considering 2017 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global medical carts market based on the following parameters–company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global medical carts market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Medical Carts Market, By Product Type:
    • Powered Carts
    • Non-powered Carts
  • Global Medical Carts Market, By Application:
    • Mobile Computing Carts
    • Emergency Carts
    • Procedure Carts
    • Anesthesia Carts
    • Medication Carts
    • Others
  • Global Medical Carts Market, By End User:
    • Hospitals
    • Clinics
    • Diagnostic Centers
    • Ambulatory Surgical Centers
  • Global Medical Carts Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
    • Africa
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
      • By Product Type:
        • Powered Carts
        • Non-powered Carts
      • By Application:
        • Mobile Computing Carts
        • Emergency Carts
        • Procedure Carts
        • Anesthesia Carts
        • Medication Carts
        • Others
      • By End User:
        • Hospitals
        • Clinics
        • Diagnostic Centers
        • Ambulatory Surgical Centers
  • Company Profiles
    • AFC Industries*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Advantech Co., Ltd.
    • Alphatron
    • Enovate Medical
    • Ergotron, Inc.
    • Harloff Manufacturing Co.
    • JACO, Inc.
    • Medline Industries, Inc.
    • Scott-Clark Medical

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technological Advancements
    • Customization of Medical Carts
    • Pricing Analysis
    • PORTER’S Five Forces
  4. Global Medical Carts Market, By Power Source, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Powered Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Non-powered Carts
      • Introduction  
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Medical Carts Market, By Product Type, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Mobile Computing Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Emergency Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Procedure Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Anesthesia Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Medication Carts
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Medical Carts Market, By End User, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Diagnostic Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Medical Carts Market, By Region, 2018 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Northern Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • AFC Industries
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Advantech Co. Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Alphatron
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Enovate Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Ergotron, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Harloff Manufacturing Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • JACO, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Medline Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Scott-Clark Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 25 market data tables and 28 figures on "Medical Carts Market” - Global forecast to 2026”.

 

 

 

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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