Showing posts with label Medical Carts Market Growth. Show all posts
Showing posts with label Medical Carts Market Growth. Show all posts

Tuesday, 3 August 2021

Medical Carts Market To Surpass US$ 4.9 Billion By 2026 - Coherent Market Insights

 

Global Medical Carts Market, by Power Source (Powered Carts and Non-powered Carts), by Product Type (Mobile Computing Carts, Emergency Carts, Procedure Carts, Anesthesia Carts, Medication Carts, and Others), by End User (Hospitals, Clinics, Diagnostic Centers, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 2.2 billion in 2017, and is projected to exhibit a CAGR of 9.7% over the forecast period (2018 - 2026).

Medical carts are specifically designed to improve workflow efficiency and elevate patient care by keeping tools and supplies organized. Medical carts have a number of storage spaces and other safety features such as self-locking drawers to keep medication safe so that the practitioners can focus solely on patients. Medical carts can be fitted to contain a large number of peripherals required by healthcare professionals at hand. This helps to cut down the time spend in running back and forth for equipment, reduces clutter, and allows doctors to focus more on the patient. Storing tools and medications on a medical cart for treating patients minimizes the need for transporting patients from room to room. For instance, an anesthesiologist can easily transport supplies using anesthesia carts designed for easy maneuverability.

Anesthesia carts also have locking drawers to keep potentially lethal medication safe and organized. Medical carts with monitors are available for accessing patients’ information on-site and recording the type and time of medications administered.

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Electronic Medical Records (EMRs) increases productivity due to the speed at which data can be accessed, as well as the reduced use of paper that saves service costs. Furthermore, with computer carts, the practitioner can instantaneously access networks where electronic health records are stored.

Browse 25 Market Data Tables and 28 Figures spread through 180 Pages and in-depth TOC on "Medical carts Market, by Power Source (Powered Carts and Non-powered Carts), by Product Type (Mobile Computing Carts, Emergency Carts, Procedure Carts, Anesthesia Carts,      Medication Carts, and Others), by End User (Hospitals, Clinics, Diagnostic Centers, and Ambulatory Surgical Centers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026"

Manufacturers in medical carts market designs technologically advanced products such as mobile computer cart with extensive battery life that provide hours of uninterrupted power for continuous working and offer many advantages over standard mobile computer carts. Some medical cart manufacturers have also started to incorporate app-type functionality into their solution offerings to enhance user convenience and provide added operational value. For instance, Stinger Medical offers a Clinical Adoption Support Technology (CAST) app that allows IT personnel to connect directly with the wireless board on each cart and access important operational information about the device (such as utilization, location, and trending information). This tool provides IT with centralized and convenient point of management and control for healthcare facility’s entire fleet of mobile carts.

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Key Takeaways of the Medical Carts Market:

The global medical carts market is expected to expand at a CAGR of 9.7% during the forecast period (2018–2026), owing to increasing number of patients visiting hospitals or clinics to get treatment for medical emergency, trauma, and other chronic diseases. For instance, according to National Hospital Ambulatory Medical Care survey, 2015, total number of emergency visits in the U.S. was 136.9 million that year.

Among applications, emergency carts segment is expected to account for major revenue share in 2018, owing to increasing cases of accidents and other trauma. 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.

Major players operating in the global medical carts market include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical.

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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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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702