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North America Medical Carts Market- Insights

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North America Medical Carts Market- Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. NORTH AMERICA MEDICAL CARTS MARKET ANALYSIS North America Medical Carts Market, By Product Type (Emergency Cart, Procedure Cart, Anesthesia Cart, Computer Medical Cart, Others), By Material Type (Metal, Plastic, Wood), By Energy Source (Powered, Non-powered (Mechanical)), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. North America medical carts market is estimated to account for US$ 751.3 Mn in terms of value in 2019 and is expected to reach US$ 1,698.1 Mn by the end of 2027. Market: Drivers Focus on increasing facilities and maximizing operating room utilization is also expected to aid in growth of the market. Medical carts aid in improving the efficiency of surgeons in the treatment of diseases. Moreover, integration of information technology in medical carts helps to manage patient data. U.S. held dominant position in North America medical carts market in 2018, accounting for 90.7% share in terms of value, followed by Canada.

  4. Market: Restraints Safety issues with battery-powered mobile medical carts are expected to hinder growth of the market. Battery-powered mobile medical carts may catch fire or explode. Moreover, limited room for new entrants is also expected to limit growth of the market. North America medical carts market is highly fragmented with several market players, which limits the opportunities for new market entrants. New players are required to undergo an initial capital intensive process to enter into the market and to establish an effective distribution network.

  5. Value Chain Analysis

  6. Market Opportunities • Increasing cases of trauma, injury, and infection lead to high number of hospitalization cases or hospital visits, thereby offering lucrative growth opportunities for players in the market. For instance, according to World Health Organization (WHO) factsheet in 2018, around 37.3 million falls are recorded, annually worldwide.  • Emergence of pandemic and epidemic disease is also expected to aid in growth of the market. For instance, according to the Centers for Disease Control and Prevention, the U.S. recorded 3,487 cases of coronavirus disease as of March 16, 2020.

  7. Market Trends • Manufacturers are focused on offering technologically advanced products. 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). • Growing number of hospital-based ambulatory surgical centers is boosting growth of the market. For instance, in January 2020, Grady Health System choose Skanska and its joint venture partner H.J. Russell & Co. to build a new Center for Advanced Surgical Services in Atlanta.

  8. Competitive Landscape • Major players operating in North America medical carts market include, Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc. • North America Medical Carts Market: Key Developments • Major players in the market are focused on launching new products to expand their product portfolio. For instance, in September 2018, Ergotron, Inc. launched new CareFit Slim Laptop Cart and Slim LCD Cart, the first products to be launched within the company’s CareFit healthcare product line. • Major players in the market are also focused on adopting M&A strategies to expand their portfolio. For instance, in October 2019, Herman Miller, Inc. acquired the remaining shares of Naughtone (Holdings) Limited, a contemporary U.K.-based furniture designer.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/north-america-medical-carts-market-3659

  10. Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis About Us

  11. Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com Contact Us

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