Global Medical Carts Market Overview, Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints to 2024

The medical carts market accounted to USD 550.0 million in 2016 growing at a CAGR of 14.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Medical Carts Market By Product Type (Emergency, Anesthesia, Procedure, Other Carts); End-Users (Hospitals, Nursing Homes and Long Term Care Centers, Clinics, Others);Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024.

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Medical carts are used for medical aid by facilitating to record, store, and dispense equipment, supplies, and patient information. These are medical trolley comprising compartments, set of drawers, and trays, for use in hospital and medical settings to carry, transport, and dispense emergency supplies, medicines, medical instruments, and medical devices.

Major Market Drivers and Restraints:

  • Improving focus on patient safety
  • Increase in healthcare expenditure
  • Growth in investment on healthcare infrastructures
  • Technological developments
  • High cost of customized medical carts
  • Lack of skilled professionals

Market Segmentation

By product type, the medical carts market is segmented into emergency, anesthesia, procedure, and other carts.

On the basis of end-users, the medical carts market is segmented into hospitals, nursing homes and long term care centers, clinics, and others.

Based on geography, the market is segmented into five geographical regions:

  • North America
  • South America
  • Europe
  • Asia-Pacific(APAC)
  • Middle East and Africa(MEA)

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The Global Medical Carts Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Some of the major players operating in medical carts market are

  • AFC Industries
  • Chang Gung Medical Technology Co
  • Altus Inc, ITD GmbH
  • Life-Medic HealthCare Supplies Pvt Ltd
  • Armstrong Medical
  • Capsa Solutions LLCMedline Industries Inc
  • Midmark Corporation
  • Moore Medical LLC (subsidiary of McKesson Medical-Surgical
  • Nortek, Inc
  • Omnicell Inc
  • The Harloff Company (Harloff Manufacturing Co.)

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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your inquiry.

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