Medical Carts Market - By Product Type (Mobile Computing Carts, Medication Carts, Wall Mounted Workstations, Medical Storage Columns, Cabinets, & Accessories, & Others), By Type (Procedure Carts, Emergency Carts, Anesthesia Carts, & Others), By End User (Hospitals, Ambulatory Surgical Centers, Physician Offices, & Others) - Global Opportunity Analysis & Industry Forecast, 2021-2026

Report Code: HCR 25196 Report Format: PDF + Excel

Medical Carts Market Overview

Medical Carts Market size is estimated to reach $5.3 billion by 2026, growing at a CAGR of 14.8% during the forecast period 2021-2026. Medical Carts are durable and lightweight mobile carts are used in healthcare facilities for transporting and storing medications, medical supplies, and emergency equipment. Medical carts are increasingly being adopted in hospitals and physician offices across the world owing to the growing importance of quick accessibility to critical medical supplies. The rise in the availability of technologically advanced mobile computing carts in hospitals, increase in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety, rise in the demand for various medical carts to improve the accessibility of electronic medical records, and the growing investment by the key players to develop advanced medical carts are the factors that are set to drive the growth of the Medical Carts Market for the period 2021-2026.

Medical Carts Market

Report Coverage

The report: “Medical Carts Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Medical Carts Market.

By Product Type: Mobile Computing Carts, Medication Carts, Wall Mounted Workstations, Medical Storage Columns, Cabinets, & Accessories, and Others.
By Type: Procedure Carts, Emergency Carts, Anesthesia Carts, and Others.
By End User: Hospitals, Ambulatory Surgical Centers, Physician Offices, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, the North America Medical Carts Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of various medical carts to improve the accessibility of electronic medical records.
  • The increase in the availability of technologically advanced mobile computing carts in hospitals is driving the Hospitals segment. However, the high cost of medical carts is one of the major factors that is said to reduce the growth of the Medical Carts Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Medical Carts Market report.

Medical Carts Market: Market Share (%) By End User, 2020

Medical Carts Market Share
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Medical Carts Market Segment Analysis - By Product Type

The Medical Carts Market based on the Product Type can be further segmented into Mobile Computing Carts, Medication Carts, Wall Mounted Workstations, Medical Storage Columns, Cabinets, & Accessories, and Others. The Mobile Computing Carts segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 15.3% over the period 2021-2026. This growth is owing to the factors such as the increase in the availability of technologically advanced mobile computing carts in hospitals and the growing focus on the development of easy-to-implement technologies. The rise in the importance of quick accessibility to critical medical supplies is driving the growth of the Medical Carts Market. The Wall Mounted Workstations segment held the second-largest share in 2020 owing to the factors such as the growing government initiatives for enhancing the adoption of wall mounted workstations and the rise in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety.

Medical Carts Market Segment Analysis - By End User

The Medical Carts Market based on the End User can be further segmented into Hospitals, Ambulatory Surgical Centers, Physician Offices, and Others. The Hospitals segment held the largest share in 2020 owing to the factors such as the increase in the demand for various medical carts to improve the accessibility of electronic medical records in hospitals and the rise in the availability of technologically advanced mobile computing carts in hospitals. The growing focus on patient engagement to enhance involvement in hospitals is driving the growth of the Medical Carts Market. The Physician Offices segment is estimated to be the fastest-growing segment with a CAGR of 15.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for wall mounted workstations in physician offices and the growing adoption of one-stop solutions that can be used for various medical needs and take up less space.

Medical Carts Market Segment Analysis - By Geography

The Medical Carts Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 28% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the availability of technologically advanced mobile computing carts in hospitals and the growing importance of quick accessibility to critical medical supplies. The increasing demand for various medical carts to improve the accessibility of electronic medical records is driving the growth of the Medical Carts Market. Asia-Pacific segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in awareness about the importance of wall mounted workstations in improving efficiency and enhancing safety and the growing investment by the key players to develop advanced medical carts.

Medical Carts Market Drivers

Rise in the Demand for Mobile Computing Carts

Healthcare facilities are increasingly adopting mobile computing carts at the end of each ward to improve patient outcomes by ensuring that the doctors access all relevant information. Mobile computing carts also enable the lab to share the outcomes directly to the patient files and safeguard confidential information, which is one of the major factors driving the growth of the Medical Carts Market.

Technological Advancements in Medical Carts

The key players of medical devices across the world are focusing on developing advanced medical carts to meet the growing customer demand. Moreover, the key players are changing their product portfolio to include advanced products such as wall mounted workstations with batteries and automated dispensing systems, which is further propelling the growth of the Medical Carts Market.

Medical Carts Market Challenges

High Cost of Medical Carts

The key players in the market are increasing their investment to carry out various research and development activities for developing advanced mobile computing carts to improve the accessibility of electronic medical records. However, the high cost of medical carts is one of the major factors that is estimated to reduce the growth of the Medical Carts Market.

Medical Carts Market Competitive Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Medical Carts Market. Key companies of this market are Ergotron, Inc, AFC Industries, Enovate Medical, ITD GmbH, Harloff Manufacturing Co, Medline Industries Inc, Performance Health, Hergo Ergonomic Support Systems, Inc, Advantech Co., Ltd, and Capsa Healthcare among others.

Acquisitions/Product Launches:

  • In April 2021, Enovate Medical has launched Encore RX2™ medical cart to mitigate medication security risks, reduce nursing fatigue, and achieve a 40 percent weight reduction over conventional medication carts.
  • In December 2020, Capsa Healthcare has launched a new Kidney Cart, an ultra-lightweight documentation cart to mobilize electronic medical records in a care facility and to support the market’s need for a versatile and spacious workstation.
  • In August 2019, Advantech Co., Ltd has launched an AMiS-50E medical cart with a power system for supporting a range of healthcare applications. It is ergonomically designed and lightweight to ensure high mobility.

Relevant Links:

Report Code: HCR 43293

Report Code: HCR 33530

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1. Medical Carts Market - Overview
    1.1 Definitions and Scope
2. Medical Carts Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by End User
    2.4 Key trends by Geography
3. Medical Carts Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Medical Carts Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Medical Carts Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Medical Carts Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Medical Carts Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Medical Carts Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Mobile Computing Carts
    8.2 Medication Carts
    8.3 Wall Mounted Workstations
    8.4 Medical Storage Columns, Cabinets, & Accessories
    8.5 Others
9. Medical Carts Market – By Type(Market Size –$Million/$Billion)
    9.1 Procedure Carts
    9.2 Emergency Carts
    9.3 Anesthesia Carts
    9.4 Others
10. Medical Carts Market – By End User(Market Size –$Million/$Billion)
    10.1 Hospitals
    10.2 Ambulatory Surgical Centers
    10.3 Physician Offices
    10.4 Others
11. Medical Carts Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Medical Carts Market - Entropy
13. Medical Carts Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Medical Carts Market – Key Company List by Country Premium Premium
15. Medical Carts Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

LIST OF FIGURES

1.US Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
2.Canada Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
3.Mexico Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
4.Brazil Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
5.Argentina Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
6.Peru Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
7.Colombia Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
8.Chile Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
9.Rest of South America Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
10.UK Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
11.Germany Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
12.France Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
13.Italy Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
14.Spain Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
15.Rest of Europe Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
16.China Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
17.India Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
18.Japan Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
19.South Korea Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
20.South Africa Asia-Pacific Medical Carts Market Revenue, 2019-2024 ($M)
21.North America Asia-Pacific Medical Carts By Application
22.South America Asia-Pacific Medical Carts By Application
23.Europe Asia-Pacific Medical Carts By Application
24.APAC Asia-Pacific Medical Carts By Application
25.MENA Asia-Pacific Medical Carts By Application