Medical Casters Market Size Worth USD 5.62 Billion by 2025 | CAGR: 4.3%
Published Date : 02 / 04 / 2019 | Report Format: PDF
The global medical casters market is expected to grow at CAGR of 4.3% to reach USD 5.62 billion by 2025.
Casters are wheeled devices which are mounted on various objects for their easy rolling. Medical wheels are popularly used in health care, pharmaceutical and institution industries where there is need of unique motion control. These assemblies can move in various axis and can bear any kind of environment. For instance, caster is also suitable for washed-down areas, sterile areas or areas of corrosive elements. With a need to help medical and surgical staff, the market is expected to fuel up in the forecast period. The industrial caster has wide applications, but the primary objective of all remains the same I.e. transport items. However, the choice of suitable wheel depends on the item which needs to carry. For instance, medical equipment casters play a pivotal role in health care industry. They are used to transport patients and hence they should never fail.
Advancement in medical equipment has given birth to light weight medical appliances. But even they are light; they should be transported with utmost attention. Casters often carry extremely expensive medical equipment and hence they should support up and down rolling. It is estimated that 10% of back injuries are related with the pulling and pushing tasks. And this reason is estimated to increase the demand of caster wheel over the years.
Globally with the rise in number of hospitals and clinics, the market is expected to grow at an excellent CAGR. Caster wheels are responsible for easy mobility of patients in hospitals. However, aspects like noisy wheels and rolling resistance may hinder the market growth in future. Also the plastic material used while manufacturing may hinder its growth.
- In terms of product, the industry is divided into procedure, computer, emergency, anaesthesia, medication and food delivery casters. Among which, emergency casters accounted for the significant revenue share. These products are used to handle drugs which are helpful in emergency situation like cardiac arrest.
- Moreover, the advanced designs and changing ergonomics are anticipated to propel the demand for procedure and anaesthesia casters
- North America accounted for the significant revenue share and it is anticipated to rise exponentially in the future period. Streamlined health care and presence of integrated health care IT system are some of the aspects responsible for regional dominance.
- On the other side, Asia Pacific region is anticipated to receive lucrative growth with their focus on manufacturing cost-effective devices which can deliver high efficiency
- This industry is highly fragmented in itself and comprise of various small and large scale vendors. Some of the key companies profiled in this report are Colson Group, Haion Caster Industrial Limited, Albion, Tente, Xiangrong Caster Manufacturing Company, Foshan Globe Caster Limited, Germany Blickle, Flywheel Metalwork Ltd., and Shepherd Caster
KEY BENEFITS OF THE REPORT:
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Computer Casters
- Procedure Casters
- Anaesthesia Casters
- Emergency Casters
- Food Delivery Casters
- Medication Casters
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
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