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Medical Carts Market Size, Upcoming Trends, 2020 On-Going Demand, Growth and Forecast from 2020 to 2023 with Most Prominent Key Players

Medical Carts Market Size Research Report, By Product Type (Mobile Computing Carts, Medical Storage Columns), Type (Computer Medical Cart), Material Type (Plastic Type), and End-User (Hospitals & Clinics, Ambulatory Surgical Centers) – Global Forecast Till 2023

The Global Medical Carts Market is anticipated to gain larger traction owing to growing demand and an increase in the number of end-users. According to Market Research Future (MRFR), the Global Medical Carts Market Size is expected to garner a valuation of USD 1,100 MN by the end of 2023. In its recently published analysis, MRFR also asserts that the market would register a CAGR of over 12.1% over the assessment period (2016-2023).

Extensive uptake of medical carts by hospitals and their growing functionality are the key driving factor behind the substantial market growth. New product development using advanced technology such as touch panel, electronic medical record (EMR), radio-frequency identification technology (RFID), and others are influencing the market growth. These technologies aim to reduce human error during drug delivery, improving the quality of care and treatment outcomes.

The latest medical carts can also share data with the cloud and can even warn of expiring medications in its inventory. Inventory management is also achieved by automating data scanning through barcodes on laboratory sample tubes. Medical carts are also eliminating the need for paperwork owing to their touch panels and connectivity.

Extensive uptake of medical carts by hospitals and their growing functionality are the key driving factor behind the substantial market growth. New product development using advanced technology such as touch panel, electronic medical record (EMR), radio-frequency identification technology (RFID), and others are influencing the market growth. These technologies aim to reduce human error during drug delivery, improving the quality of care and treatment outcomes.

he mobility and ergonomic design of medical carts enable point of care quick response, thereby saving a life. Sharing of patient data inter and intra organization reduces duplication and allows early disease detection; improvise treatment regimens through data aggregation and analysis.

Medical Carts Market Major Players:

Players leading the global medical carts market include Omnicell Inc, Chang Gung Medical Technology Co., Ergotron Inc, Advantech Co., Ltd, The Bergmann Group, Harloff Manufacturing Co., AFC Industries, Midmark Corporation, ITD GmbH, Capsa Healthcare, Jaco Inc, Waterloo Healthcare, and Capsa Healthcare, among others.

Global Medical Carts Market – Segments

MRFR has segmented the market into five dynamics to widen the scope of understanding,

By Product Type:   Mobile Computing Carts, Medical Storage Columns, Wall-Mounted Workstations, Medication Carts, and others.

By Type : Computer Medical Cart, Procedure Cart, Emergency Cart, Anesthesia Cart, and others.

By Material Type: Metal Type, Plastic Type, and others.

By End-users: Hospitals & Clinics, Ambulatory Surgical Centers, and others.

By Regions: Europe, North America, Asia Pacific, and the Rest-of-the-World.

Global Medical Carts Market – Regional Analysis

North America dominates the global medical carts market owing to developed infrastructure and large healthcare expenditure. The consolidation of healthcare in the US is driving a great demand, witnessing increased purchasing power of the entities. The well-established healthcare sector, coupled with the prosperous baby boomer population, are other drivers of the US medical carts market.

The medical carts market in Europe is increasing rapidly, mainly due to higher rates of hospitalization, presence of advanced medical devices industry, especially in Germany and large healthcare expenditures. Additionally, factors such as the spreading eCommerce market and greater exposure to products owing to effective marketing by companies alongside the trend towards the incorporation of information technology are driving large market growth.

The Asia Pacific medical carts market is anticipated to grow at a colossal rate owing to a large potential demand gap and a growing number of hospitals. The expanding economy, increasing incidence of chronic diseases, and growing per capita income is projected to drive the market over the review period. The burgeoning medical device manufacturing and the aging population are other drivers of the regional market.

Medical Carts Market Major Players:

Players leading the global medical carts market include Omnicell Inc, Chang Gung Medical Technology Co., Ergotron Inc, Advantech Co., Ltd, The Bergmann Group, Harloff Manufacturing Co., AFC Industries, Midmark Corporation, ITD GmbH, Capsa Healthcare, Jaco Inc, Waterloo Healthcare, and Capsa Healthcare, among others.

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