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Medical Carts Market, By Products (Wall Mounted Workstations, Mobile Computing Cart, Medical Storage Columns, Medication Carts, & Accessories), By Type, By End Use and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2014 – 2025

126 Pages | Published Date : 17 / 03 / 18  | Report Code: AV163 | Report Format: PDF

REPORT HIGHLIGHT

The medical carts market is estimated to represent a global market of USD 1.36 billion by 2017 with growth rate of 10.7%.

Market Dynamics

Medical carts are defined as the durable and lightweight mobile carts that are used in medical facilities to store and transport medicines, emergency equipment, and various medical supplies. It usually includes utility carts, isolation carts, treatment carts, respiratory carts, crash carts, and others. Medical technology plays a strategic role in fostering the change of this industry to increase product penetration. For example, Medline Industries, Inc. offers lightweight aluminum cart. This product offers features such as dual push handles, antimicrobial surface, and drawers with ball bearing slides to ease of use. Such developments would, in turn, boost the utilization of this product, supporting the industry growth.

Additionally, increasing incidences of musculoskeletal injuries in healthcare settings such as tendons, ligaments, joints, nerves, and soft tissue injury are expected to fuel the demand for medical carts over the foreseeable future. The growth of this market is also projected to continue in the years to come on account of rising number of companies investing in the market, growing number of hospital, trauma centers and emergency settings. A primary roadblock to the growth of this market is considered to be the high cost of advanced medical carts.

Product Takeaway

The product segment is divided into Wall Mounted Workstations, Mobile Computing Cart, Medical Storage Columns, Medication Carts, and Accessories. Mobile computing carts are the largest revenue generating segment, accounted for 72.65% (USD 996.8 million) in 2016 and the segment is projected to maintain its dominance over the future period. High preference of this product among end-users owing to its associated benefits supports the segment growth. In terms of type, the global medical cart market is categorized as Emergency Setting, Anaesthesia, and Procedure. Estimated growth rates for these segments during 2017 – 2025 range between 14 to 15%, with the procedure cart is witnessing the fastest growth. By end-use, the industry is divided into Ambulatory Centres, Hospitals, and others. Among which, hospital settings has captured the highest share of the global industry and are likely to grow with a promising growth rate over the forecast period.

Regional Takeaway

Regionally, developed regions such as North America and Europe accounted for the largest share. In 2017, North America registered 40.23% share of the total market which is the highest compared to other regions. Developing regions such as the Asia Pacific and Latin America is expected to grow with the highest growth rate in the future period. Innovation will help medical technology players in these countries to create a new market in the lower income segments, primarily, in India and China market, thus leapfrog to the next level of growth.

Key Vendor Takeaway

Enovate, Advantech, Medline Industries, McKesson Medical-Surgical Inc., and Performance Health are some of the prominent market players in this industry. Collectively, these companies capture significant revenue share of the global market.  Strategic collaborations coupled with new product developments are considered to be an important strategy adopted by key players. For instance, in August 2016, Medline Industries, Inc. announced its plans to develop a new distribution center in Auburndale with a view to expand its sales and further strengthen its distribution network in Florida, the U.S. Similarly, recently, in November 2017, Advantech Co., Ltd. announced the expansion of its European Service Center with a view to supporting its regional growth in the European market.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Hospitals
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

  • Wall Mounted Workstations
  • Mobile Computing Cart
  • Medical Storage Columns
  • Medication Carts
  • Accessories

MARKET, BY TYPE

  • Emergency Setting
  • Anaesthesia
  • Procedure

MARKET, BY END USE

  • Ambulatory Centres
  • Hospitals
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
TABLE OF CONTENT

1. MEDICAL CARTS MARKET OVERVIEW
1.1. Study Scope
1.2. Assumption and Methodology
2. EXECUTIVE SUMMARY
2.1. Key Market Facts
2.2. Geographical Scenario
2.3. Companies in the Market
3. MEDICAL CARTS KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. MEDICAL CARTS INDUSTRY STUDY
4.1. Porter’s Analysis
4.2. Market Attractiveness Analysis
4.3. Regulatory Framework Analysis
5. MEDICAL CARTS MARKET LANDSCAPE
5.1. Market Share Analysis
6. MEDICAL CARTS MARKET – BY PRODUCTS:
6.1. Overview
6.2. Wall Mounted Workstations
6.2.1. Overview
6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.3. Mobile Computing Cart
6.3.1. Overview
6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.4. Medical Storage Columns
6.4.1. Overview
6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.5. Medication Carts
6.5.1. Overview
6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
6.6. Accessories
6.6.1. Overview
6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7. MEDICAL CARTS MARKET – BY TYPE
7.1. Overview
7.2. Emergency Setting
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.3. Anaesthesia
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
7.4. Procedure
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8. MEDICAL CARTS MARKET – BY END USE
8.1. Overview
8.2. Ambulatory Centres
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.3. Hospitals
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
8.4. Others
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9. MEDICAL CARTS MARKET– BY GEOGRAPHY
9.1. Introduction
9.2. North America
9.2.1. Overview
9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.2.3. U.S.
9.2.3.1. Overview
9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.2.4. Canada
9.2.4.1. Overview
9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.3. France
9.3.3.1. Overview
9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.4. Germany
9.3.4.1. Overview
9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.3.5. Rest of Europe
9.3.5.1. Overview
9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.3. China
9.4.3.1. Overview
9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.4. India
9.4.4.1. Overview
9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.4.5. Rest of APAC
9.4.5.1. Overview
9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5. Rest of the World
9.5.1. Overview
9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5.3. Latin America
9.5.3.1. Overview
9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
9.5.4. Middle East and Africa
9.5.4.1. Overview
9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Enovate
10.1.1. Company Overview
10.1.2. SWOT Analysis
10.1.3. Key Developments
10.2. Advantech
10.2.1. Company Overview
10.2.2. SWOT Analysis
10.2.3. Key Developments
10.3. Medline Industries
10.3.1. Company Overview
10.3.2. SWOT Analysis
10.3.3. Key Developments
10.4. McKesson Medical-Surgical Inc.
10.4.1. Company Overview
10.4.2. SWOT Analysis
10.4.3. Key Developments
10.5. Performance Health
10.5.1. Company Overview
10.5.2. SWOT Analysis
10.5.3. Key Developments
*Client can request additional company profiling as per specific requirements
11. 360 DEGREE ANALYSTVIEW
12. APPENDIX
12.1. Research Methodology
12.2. Abbreviations
12.3. Disclaimer
12.4. Contact Us

List of Tables
Table 1 List of Acronyms
Table 2 Key Market Facts, 2014 – 2025
Table 3 Market Drivers: Impact Analysis
Table 4 Market Restraint: Impact Analysis
Table 5 Market Opportunity: Impact Analysis
Table 6 PEST Analysis
Table 7 Porter’s Five Forces Analysis
Table 8 Company Market Share Analysis
Table 9 Global Medical Carts Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
Table 10 Medical Carts Market, by Products, 2014 – 2025 (USD Billion)
Table 11 Medical Carts Market, by Type, 2014 – 2025 (USD Billion)
Table 12 Medical Carts Market, by End Use, 2014 – 2025 (USD Billion)
Table 13 Medical Carts Market, by Geography, 2014 – 2025 (USD Billion)
Table 14 North America Medical Carts Market, 2014 – 2025 (USD Billion)
Table 15 U.S. Medical Carts Market, 2014 – 2025 (USD Billion)
Table 16 Canada Medical Carts Market, 2014 – 2025 (USD Billion)
Table 17 Europe Medical Carts Market, 2014 – 2025 (USD Billion)
Table 18 France Medical Carts Market, 2014 – 2025 (USD Billion)
Table 19 Germany Medical Carts Market, 2014 – 2025 (USD Billion)
Table 20 Asia Pacific Medical Carts Market, 2014 – 2025 (USD Billion)
Table 21 China Medical Carts Market, 2014 – 2025 (USD Billion)
Table 22 India Medical Carts Market, 2014 – 2025 (USD Billion)
Table 23 Latin America Medical Carts Market, 2014 – 2025 (USD Billion)
Table 24 Medical Carts Market, 2014 – 2025 (USD Billion)

List of Figures
Figure 1 Research Methodology
Figure 2 Research Process Flow Chart
Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
Figure 4 Regulatory Framework Analysis
Figure 5 Value Chain Analysis Analysis
Figure 6 Medical Carts Market, by Products, 2014 – 2025 (USD Billion)
Figure 7 Medical Carts Market, by Type, 2014 – 2025 (USD Billion)
Figure 8 Medical Carts Market, by End Use, 2014 – 2025 (USD Billion)
Figure 9 Medical Carts Market, by Geography, 2014 – 2025 (USD Billion)

SCOPE AND OBJECTIVES
The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

KEY BENEFITS OF THE REPORT
• In-depth analysis of the key market dynamics
• Granular analysis of the current market scenario and expected factors to affect the market
• Detailed analysis of the geographic region, regional and county wise analysis
• Highlight on the strategies that are being adopted by the key players in this market to stay competitive
• Extensive analysis of the key players dominating the market

RESEARCH METHODOLOGY

Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

  • Official company’s website, financial and annual reporting
  • Government statistical data
  • Online publishing articles
  • Industry player’s investor presentations
  • Economic news articles
  • National and international trade associations
  • The financial, business, and mainstream press
  • Industry study groups and semiofficial sources
  • Informative channels related to the market topics

* Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

Market Forecast :

Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

For forecasting, the following parameters were considered:

  • Market drivers and restraints along with their current and expected impacts
  • Technological scenario and expected developments
  • Trends in the consumer behaviors
  • End-user industry trends

We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

Market Analysis

Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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