Electric Medical Carts Market is segmented by Type (Metal, Plastic and Wood), by Application (Hospitals, Clinics, Ambulatory Surgical Centers and Other), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
For the purpose of this market researchreport, Electric Medical Carts are defined as electric carts that can be preloaded with medicines that multiple patients need and provide it to them. It automates the nursing experience and improves productivity and efficiency as nurses are provided with all the equipment and medicine needed quickly without the need to make several trips to the central medication room. The time that is saved allows nurses and medical staff to take care of patients in critical condition without the concern of arranging the medical equipment and medicines first. The electric medical carts can also host laptops or tablets which improves the medical staffs experience with their patients.
Electric Medical Carts Market shall reach a value of $2x61.4 Million in 2031, growing with a CAGR of 12.13% during the forecast period of 2022 to 2031.
Electric Medical Carts Market Growth and Trends
Electric medical carts are used in various medical facilities such as supplies storage, transportation of medicines, equipment, and more. Medical carts play an important role in keeping the healthcare sector organized and prepared. The growing demand for electric medical carts across the world can be attributed to the increasing focus of the healthcare industry on manufacturing medical carts with high efficiency and negligible errors. Furthermore, ongoing advancements in healthcare industries by the developing and underdeveloped countries are improving nursing operations which creates ample opportunities for the growth of the electric medical carts market. The electric medical carts are being equipped with various new technologies such as touch panel PCs and radio-frequency identification which helps the humans in emanating errors and hence making them more efficient for use. Moreover, emerging industries such as telemedicine are supporting the electric medical carts market revenue significantly. Various innovations are being made to make these carts customizable on the preference of consumers. This has made the availability of electric medical carts cost-effective for the consumers based on their necessities which is again a major factor propelling the electric medical card market growth. Additionally, there is a need to cut down on high hospital costs across the world, which is where the role of customizable electric medical carts comes into play. However, with the increasing availability of electric medical carts across the world, there is a need to train the healthcare staff about its proper use and functioning. Thus, the high cost of maintenance of these carts and the presence of an unskilled workforce may hamper the market growth to a certain level. Several advanced medical carts may need proper training or certification to operate. Over the last few years, especially during pandemic times, the world has experienced a digital shift in all sectors. Along with this digital trend, the electric medical carts market is expected to grow exponentially during the forecast period.
Electric Medical Carts Market Segmentation
There are various types of electric medical carts available in the market such as plastic, metal, and wood. However, the metal segment generated significant market revenue in the year 2020. Further, it is being noticed that plastic electric medical carts have made significant growth in the last few years. Owing to its lightweight, it is further anticipated to grow at a CAGR of 10% during the forecast period. The wood electric medical carts segment has been generating a decent revenue for the electrical medical carts market. Moreover, the market finds its high application in clinics, hospitals, ambulatory surgical centers, and others. The hospital segment dominated the overall electric medical cart market share. The growing geriatric population and an increasing number of chronic diseases are increasing the number of hospital admissions which in turn is propelling the market growth tremendously. Several other investments are being made in the healthcare sector to improve the services. However, the high initial investments required in customized electric medical carts may hamper the market growth.
Electric Medical Carts Market Regional Analysis
The increasing prevalence of musculoskeletal injury and technological advancement in medical devices is expected to fuel growth in electric medical carts globally. North America is expected to register the leading growth in the market with the presence of streamlined healthcare operations in the region.
The Asia Pacific region accounts for holding the next big share in the market with medical device manufacturers in the region constantly focusing on developing advanced medical carts on wheels to meet rising customer demand.
While Europe is estimated to grow instantaneously in the global arena with manufacturers in the region focusing on developing cost-efficient devices, the Middle Eastern region is expected to pave its way through global players investing in local companies owing to the low cost of labor and raw materials.
Electric Medical Carts Market Share and Competition
Key companies operating in this industry are: Ergotron, Capsa Solutions LLC, Enovate Medical, Herman Miller, Omnicell, The Harloff Company, Medline Industries, Advantech, JACO, Scott-clark, Armstrong Medical Industries, Waterloo Healthcare, Rubbermaid, Stanley, InterMetro, TouchPoint Medical, AFC Industries Inc and Nanjing Tianao. Ergotron, Capsa Solutions LLC, Enovate Medical, Herman Miller, Omnicell, The Harloff Company, Medline Industries, Advantech, JACO, Scott-clark, Armstrong Medical Industries, Waterloo Healthcare, Rubbermaid, Stanley, InterMetro, TouchPoint Medical, AFC Industries Inc and Nanjing Tianao. Midwest Products & Engineering launched its customizable carts called MAH Series in November 2020. These carts were ideal for emergency care units owing to their easy configuration and customization. Owing to the increasing number of patients across the world due to the COVID-19 pandemic, there has been a sudden increase in demand for a large number of medical equipment. Thus, the demand for electric medical carts is increasing tremendously. For instance, in February 2020, Ergotron partnered with Ingram Micro China to donate emergency medical carts to two hospitals in Wuhan, China. Many emerging companies gave their contribution across the work during tough pandemic times.
Electric Medical Carts Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
Application Analysis (Revenue, USD Million, 2022 - 2031)
• Ambulatory Surgical Centers
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Electric Medical Carts Market Companies
• Capsa Solutions LLC
• Enovate Medical
• Herman Miller
• The Harloff Company
• Medline Industries
• Armstrong Medical Industries
• Waterloo Healthcare
• TouchPoint Medical
• AFC Industries Inc
• Nanjing Tianao
United States Electric Medical Carts Market Research Report
Europe Electric Medical Carts Market Research Report
Asia Pacific Electric Medical Carts Market Research Report
India Electric Medical Carts Market Research Report
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