Monday, 4 March 2019

Medical Carts Market Evaluation of Recent Industry Developments For 2018-2026


Medical carts offer enhanced pharmaceutical storage and organization solutions for controlled medication safety, and the ability to mobilize patient medical information. Modern medication storage and organization requires an attractive, configurable medication cart design that offers maximum capacity, durable construction, and premium workflow accessories.

Various peripherals including label makers, printers, scanners, different drawer configurations, sharps containers, chart holders, wastebaskets, and others with useful features and attachments can be added to medical cart to optimize its utility and functioning. For instance, in the acute care setting, medical carts have a barcode scanner, where the patient’s wrist and the medications can be scanned to improve patient’s safety during administering medications.

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Increasing number of hospitalization cases or hospital visits due to rising incidences of trauma, injury, and infection are major factors driving the medical carts market growth. For instance, according to World Health Organization (WHO) factsheet in 2018, each year there are around 37.3 million falls, which requires medical attention whereas estimated 646,000 individuals die from falls globally every year.

Orthopedic cart includes casts and splints for treatment of strains, sprains, and fractures. Growing cases of orthopedic trauma is expected to increase demand for orthopedic carts, which will eventually drive growth of the medical carts market. For instance, according to International Osteoporosis Foundation statistics, 2017, an estimated 8.9 million fractures are caused annually by osteoporosis, resulting in an osteoporotic fracture every 3 seconds, with around 1.6 million hip fractures occurring globally each year, which is expected to reach 4.5 million by 2050.

The global medical cart market size was valued at US$ 2.2 billion in 2017, and is expected to witness a CAGR of 9.7% over the forecast period (2018 – 2026).

Increasing Application of Medical Carts in Hospitals is expected to drive the Medical Carts Market Revenue

Medical cart is majorly used at hospitals as it can provide clinicians with significant workflow benefits. Increasing adoption of electronic health record (EHR) coupled with demand for real-time electronic data access and entry at the patients’ bedside are the other important factors, which are expected to drive growth of the medical carts market. Mobile medical carts provide means to transport sophisticated videoconferencing equipment to the patients’ bedside, allowing physicians to conduct thorough examinations remotely.

Medical Cart Market - Regional Insights

On the basis of region, the global medical cart market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2026, North America is expected to hold the dominant position in the global medical cart market, owing to its developed medical facilities in comparison to emerging economies and high presence of industry manufacturers generating major revenue.

Medical Carts Market - Competitive Landscape

Key players operating in the global medical cart market include

1. AFC Industries
2. Advantech Co., Ltd.
3. Alphatron
4. Enovate Medical
5. Ergotron, Inc.
6. Harloff Manufacturing Co.
7. JACO, Inc.
8. Medline Industries, Inc.
9. Scott-Clark Medical.

Manufacturers are focusing on designing medical carts with precision to ensure efficiency and convenience. Some industry players provide customized medical carts depending on the organization’s needs.

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