Impact Analysis of Covid-19

The complete version of the REPORT will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

North America Medical Carts Market – Insights

Medical carts are movable equipment used to carry medical supplies and medical instruments for the management of medical emergencies. These carts are useful and built on a stable and strong platform delivering ultimate solution to healthcare settings such as operating theatres, dental clinics, hospital wards, ICU, and many other medical areas.

North America medical carts market is estimated to account for US$ 751.3 Mn in terms of value in 2019 and is expected to reach US$ 1,698.1 Mn by the end of 2027.

North America Medical Carts Market: Drivers

Increasing healthcare expenditure is expected to boost growth of North America medical carts market over the forecast period. For instance, according to the Centers for Medicare & Medicaid Services (CMS), health spending in the U.S. is projected to grow at an average rate of 5.5 percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.

Focus on increasing facilities and maximizing operating room utilization is also expected to aid in growth of the market. Medical carts aid in improving the efficiency of surgeons in the treatment of diseases. Moreover, integration of information technology in medical carts helps to manage patient data.

U.S. held dominant position in North America medical carts market in 2018, accounting for 90.7% share in terms of value, followed by Canada.

North America Medical Carts  | Coherent Market Insights

North America Medical Carts Market: Restraints

Safety issues with battery-powered mobile medical carts are expected to hinder growth of the market. Battery-powered mobile medical carts may catch fire or explode.

Moreover, limited room for new entrants is also expected to limit growth of the market. North America medical carts market is highly fragmented with several market players, which limits the opportunities for new market entrants. New players are required to undergo an initial capital intensive process to enter into the market and to establish an effective distribution network.

North America Medical Carts Market: Opportunities 

Increasing cases of trauma, injury, and infection lead to high number of hospitalization cases or hospital visits, thereby offering lucrative growth opportunities for players in the market. For instance, according to World Health Organization (WHO) factsheet in 2018, around 37.3 million falls are recorded, annually worldwide. 

Emergence of pandemic and epidemic disease is also expected to aid in growth of the market. For instance, according to the Centers for Disease Control and Prevention, the U.S. recorded 3,487 cases of coronavirus disease as of March 16, 2020.

North America Medical Carts  | Coherent Market Insights

Computer Medical Cart segment in North America medical carts market was valued at US$ 241.2 Mn in 2019 and is expected to reach US$ 681.3 Mn by 2027 at a CAGR of 14.0% during the forecast period.

Market Trends/Key Takeaways

Manufacturers are focused on offering technologically advanced products. For instance, Stinger Medical offers a Clinical Adoption Support Technology (CAST) app that allows IT personnel to connect directly with the wireless board on each cart and access important operational information about the device (such as utilization, location, and trending information).

Growing number of hospital-based ambulatory surgical centers is boosting growth of the market. For instance, in January 2020, Grady Health System choose Skanska and its joint venture partner H.J. Russell & Co. to build a new Center for Advanced Surgical Services in Atlanta.

Value Chain Analysis

North America Medical Carts  | Coherent Market Insights

North America Medical Carts Market: Competitive Landscape

Major players operating in North America medical carts market include, Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc.

North America Medical Carts Market: Key Developments

Major players in the market are focused on launching new products to expand their product portfolio. For instance, in September 2018, Ergotron, Inc. launched new CareFit Slim Laptop Cart and Slim LCD Cart, the first products to be launched within the company’s CareFit healthcare product line.

Major players in the market are also focused on adopting M&A strategies to expand their portfolio. For instance, in October 2019, Herman Miller, Inc. acquired the remaining shares of Naughtone (Holdings) Limited, a contemporary U.K.-based furniture designer.

Medical carts are lightweight and durable mobile carts which have storage capabilities and are used in medical facilities for storage and transport of medications, as well as medical supplies and medical equipment. 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.

Restraints of the North America Medical Carts Market

Restraining factors such as safety issues with battery-powered mobile medical carts is expected to restrain North America medical carts market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the North America medical carts market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, 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, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the North America medical carts market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The North America medical carts market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • North America Medical Carts Market, By Product Type:
    • Emergency Cart
    • Procedure Cart
    • Anesthesia Cart
    • Computer Medical Cart
    • Others
  • North America Medical Carts Market, By Material Type:
    • Metal
    • Plastic
    • Wood
  • North America Medical Carts Market, By Energy Source:
    • Powered
    • Non-powered (Mechanical)
  • North America Medical Carts Market, End User:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
    • Diagnostic Centers
    • Others
  • North America Medical Carts Market, By Country:
    • U.S.
      • By Product Type
        • Emergency Cart
        • Procedure Cart
        • Anesthesia Cart
        • Computer Medical Cart
        • Others
      • By Material Type:
        • Metal
        • Plastic
        • Wood
      • By Energy Source:
        • Powered
        • Non-powered (Mechanical)
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Others
    • Canada
      • By Product Type
        • Emergency Cart
        • Procedure Cart
        • Anesthesia Cart
        • Computer Medical Cart
        • Others
      • By Material Type:
        • Metal
        • Plastic
        • Wood
      • By Energy Source:
        • Powered
        • Non-powered (Mechanical)
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
        • Diagnostic Centers
        • Others
  • Company Profiles
    • Herman Miller, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Omnicell, Inc.
    • The Harloff Company
    • Capsa Healthcare
    • Medline Industries, Inc.
    • Armstrong Medical Industries, Inc.
    • Waterloo Healthcare
    • Ergotron, Inc.
    • TouchPoint Medical
    • AFC industries Inc.

 “*” 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 Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Material Type
      • Market Snippet, By Energy Source
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. North America Medical Carts Market, By Product Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Emergency Cart
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Procedure Cart
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Anesthesia Cart
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Computer Medical Cart
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
      • Segment Trends
  5. North America Medical Carts Market, By Material Type, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Metal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Plastic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Wood
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  6. North America Medical Carts Market, By Energy Source, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Powered
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Non-powered (Mechanical)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  7. North America Medical Carts Market, By End User, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Diagnostic Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 – 2027, (US$ Mn)
  8. North America Medical Carts Market, By Country, 2017 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019–2027
      • Segment Trends
    • U.S.
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Material Type 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Energy Source 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User 2019 – 2027, (US$ Mn)
    • Canada
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Product Type 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Material Type 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By Energy Source 2019 – 2027, (US$ Mn)
      • Market Size and Forecast, and Y-o-Y Growth, By End User 2019 – 2027, (US$ Mn)
  9. Competitive Landscape
    • Company Profiles
      • Herman Miller, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Omnicell, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • The Harloff Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Capsa Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Medline Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Armstrong Medical Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Waterloo Healthcare
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ergotron, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • TouchPoint Medical
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • AFC industries Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 25 market data tables and 21 figures on “North America Medical Carts Market –forecast to 2027.

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