Medical Carts: Introduction
Medical carts are an important component of hospital furniture infrastructure that are used to keep and carry all essential medical supplies near the patient
Medical carts are designed to provide maximum storage capacity with safety, possess a durable and handy construction, and offer easy mobility
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Various types of medical carts are available, which are designed according to their applications in healthcare facilities. These are utilized in almost every department of healthcare facilities including surgical wards, Intensive care units, general wards, emergency and trauma wards, physicians’ clinics, and medical schools.
Common types of medical carts are crash carts, bedside carts, IV carts, anesthesia carts, medication carts, procedure carts and isolation carts
Medical Carts Market: Key Drivers
Expansion of the medical carts market is estimated to be primarily driven by a significant rise in the number of hospitalizations owing to the high prevalence and rise in incidence rates of various chronic as well as acute disorders across the globe
For instance, The Centers for Disease Control and Prevention (CDC) has estimated that by the mid of July 2020, there would be around 1000 to 15000 new COVID-19 hospitalizations per day in the U.S.
Increase in the geriatric population, which is more prone to age-related disorders, is a prominent factor that is projected to boost the global market during the forecast period
New product development, increased number of hospitals and healthcare facilities, and increased access to healthcare in developing countries are anticipated to drive the global market in the near future
However, high cost of specialty carts is expected to restrain the global market
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Bedside Carts Segment to Dominate Global Market
In terms of product, the global medical carts market can be classified into crash carts, medication carts, beside carts, point of care carts, anesthesia carts, IV carts, procedure carts and others. The bedside carts segment is projected to dominate the global market during the forecast period.
As the name suggests, bedside carts are kept at the bedside of patients who are recovering from treatment and require routing checkup and follow-up procedures. These are one of the simplest form of medical carts comprising drawers and compartments to store medical documents, medicines, and other healthcare consumables that are required during routine procedures. Bedside carts are kept near every hospital bed and accounts for a large share of the market, in terms of volume, as compared to the other types of medical carts.
Crash carts, also known as code carts, are used in Intensive care units and emergency wards. These are specially equipped to contain a variety of medical supplies such as sanitary supplies, medications, intubation supplies, defibrillators, and other life-saving equipment.
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Hospitals to be Highly Attractive Segment
Based on end-user, the global medical carts market can be bifurcated into hospitals, ambulatory surgery centers, specialty clinics, and others. The hospitals segment is expected to dominate the global market during the forecast period.
Comparatively, a large number of hospitals, large number of hospitalizations due to various chronic as well as acute medical disorders, and an increase in number of new hospitals in emerging countries such as Brazil, Mexico, India, and China are attributed to the dominant share that is estimated to be held by the segment during the forecast period.
Asia Pacific Medical Carts Market to Expand Rapidly
In terms of region, the global medical carts market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe is likely to dominate the global market during the forecast period. Well-established healthcare infrastructure, high healthcare funding, rise in number of hospitalizations, and a large base of medical carts manufacturer are major factors that are projected to contribute to the region’s dominant share of the global market during the forecast period.
The medical carts market in Asia Pacific is anticipated to expand at a prominent CAGR during the forecast period. Rapid expansion of the market in the region is attributed to an increase in number of hospitals and ambulatory surgery centers, improvement of health care infrastructure, and a rise in population with chronic disorders in China and India.
Significantly of the healthcare industry, easy access to healthcare facilities, and an increase in investments in healthcare by leading players in Asia Pacific are expected to fuel the market in Asia Pacific
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Key Players Operating in Global Medical Carts Market
The global medical carts market is highly fragmented, owing to a large number of domestic players holding majority market share. Key players operating in the global carts market are:
- Patterson Pope
- Scott-Clark Medical
- Narang Medical Limited.
- AFC Industries
- Advantech Co., Ltd.
- Medline Industries, Inc.
- Enovate Medical
- Midmark Corporation
- Harloff Company Inc.
- Capsa Healthcare
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