The global “Medical Carts Industry” is projected to reach USD 1,512.8 million by 2026. The increasing investment in technological advances will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Medical Carts Market Size, Share & Industry Analysis, By Type (Anesthesia Carts, Emergency Carts, Procedure Carts, Telemedicine Carts and Others), By Material Type (Metal, Plastic, and Others), By End User (Hospitals, Physician Offices, Others) and Regional Forecast, 2019-2026,” the market was worth USD 661.6 million in 2018 and will exhibit a CAGR of 11.2% during the forecast period.
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Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
Highlights of the Report:
- In-depth analysis of various insights, namely, Medical Carts Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Medical Carts Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
An Overview of the Impact of COVID-19 on this Market:
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Key Players Operating in The Medical Carts Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Harloff Manufacturing Co.
- Ergotron, Inc.
- Advantech Co., Ltd.,
- ITD Gmbh
- AFC Industries
- Enovate Medical
- The Bergmann Group
- Jaco, Inc.,
- Medline Industries, Inc.,
- Performance Health
Increasing Number of Product Launches Will Provide Impetus to Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches has made a huge impact on the growth of the market. In September 2019 Altus Inc. announced the launch of a new clinician documentation system. The product was designed with additional features such as longer durability and faster operations. The company stated that the technology used in this product will significantly bring down the costs as well as reduce the errors associated with their use. Altus’ latest product will witness massive popularity in the coming years.
North America Holds the Highest Market Share; Presence of Several Large Scale Companies Will Aid Growth
The report analyzes the ongoing medical carts market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, North America held the largest market share in 2018. The use of technologically sound devices will have a direct impact on the growth of the market in this region. As of 2018, the market in North America was worth USD 307.3 million and this value is projected to increase further in the coming years. Besides North America, the market in Asia Pacific will also witness considerable growth in the coming years owing to the improving healthcare infrastructure in several countries across this region.