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.
Competitive Landscape:
The top 5 players in the Medical Carts industry are –
1. Ergotron, Inc,
2. AFC Industries
3. Enovate Medical
4. ITD GmbH
5. Harloff Manufacturing Co
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Segmental Analysis:
1. 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.
2. The Medical Carts Market based on the End User can be further segmented into Hospitals, Ambulatory Surgical Centers, Physician Offices, and Others.
3. 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.
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Report Coverage |
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Report Attributes |
Details |
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By Product Type |
Mobile Computing Carts, Medication Carts, Wall Mounted Workstations, Medical Storage Columns, Cabinets, & Accessories
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By Type |
Procedure Carts, Emergency Carts, Anesthesia Carts, and Others.
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By End User
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Hospitals, Ambulatory Surgical Centers, Physician Offices, and Others. |
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By Geography |
North America, Europe, Asia-Pacific and Rest of World |
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Market Drivers and Challenges:
1. 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.
2. 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.
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