Medical Carts Market is Rising Exponentially at a Successive All-time Double-Digit CAGR of 12.1% During Forecast 2018-2023
Market Highlights:
The growing acceptance of medical carts accustomed
by its technical advances is one of the major trends witnessed in the global
medical carts market over the forecast period.
According to world health organization,
musculoskeletal conditions are the second largest contributor to disability
globally. Musculoskeletal conditions include conditions that affect joints
(psoriatic arthritis, gout, osteoarthritis, rheumatoid arthritis), bones
(osteoporosis, osteopenia and associated fragility fractures), and muscles
(sarcopenia).
Other key factors such significant investments in
R&D and expansions undertaken by key players are contributing towards the
growth of the market. However, challenges such as high cost of advanced medical
carts in developing countries, is likely to curb the market growth during the
forecast period.
Key Players:
·
ITD GmbH
·
Advantech
Co.
·
Harloff
Manufacturing Co
·
AFC
Industries
·
Chang
Gung Medical Technology Co
·
Omnicell
Inc
·
Midmark
Corporation
·
The
Bergmann Group
·
Capsa
Healthcare
·
Jaco Inc
Segmentation:
·
The
global medical carts market is segmented based on product type, type, material
type, and end-users.
·
The
medical carts market, by product type, the market is segmented into mobile
computing carts, medical storage columns, wall-mounted workstations, medication
carts, and others.
·
Based on
type, the market is segmented into computer medical cart, procedure cart,
emergency cart, anaesthesia cart, and others.
·
Based on
material type, the market is segmented into metal type, plastic type, and
others.
·
Based on
end-user, the market is segmented into hospitals and clinics, ambulatory
surgical centres, and others.
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Regional Analysis:
The Americas is the largest in the market owing to
the improving research infrastructure in the region, coupled with the rising awareness
among patients and physicians. It is currently exhibiting a highly lucrative
growth rate due to an increased use of medical carts for various
applications.
The European region is the second largest medical
carts market over the forecast period due to high acceptance of medical carts
in developing countries along with the rising incidence of chronic diseases are
also accountable for the growth of the medical carts market.
The Asia Pacific region is likely to develop at the
uppermost CAGR for the medical carts market in the years to come. Moreover, the
rising patient safety at the hospitals and at community level are expected to
influence the market in a positive way.
The
Middle East and Africa accounts for the least market share due to low per capita
income and lack of availability of well-trained healthcare professionals.
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