Medical Trolley Market size was estimated at $200.7 Million in 2019 and is expected to reach $268.2 Million by 2027, growing at a CAGR of 4.1% during the forecast period of 2020 to 2027.
A medical trolley or also generally known as a medical cart is essentially any cart used in a medical environment. The cart is mostly portable, remote, and supports in transporting medical supplies, equipment, or patient or any other medical personnel. The plethora of medical trolleys essentially includes medical carts, crash carts, anesthesia carts, isolation carts, and mini carts. An example of a medical device transported on a medical cart is an electrocardiography (EKG) machine. It is majorly used across clinical environments and hospital settings to keep drugs, equipment, and medical tools for the necessary treatment.
An increase in the demand for rapid and facile accessibility to medical supplies, improving focus on patient safety, tending and nursing services, better advancement in technologies, such as telemedicine are a few of the key factors that act as driving forces of global medical carts market. Additionally, the rise in investment in healthcare infrastructures in fast-developing countries, for instance, India and China, which stimulate the requirement for medical carts market.
But, the flip side of the coin is the supreme rate of medical carts, scarcity of skilled professionals, and a dearth of funds, which restrain the growth of the market, especially in the developing countries. Moreover, the high maintenance of medical carts that require regular sterilization as carts spread allergies across hospitals that restrain the market.
Medical Trolleys Market Growth and Trends
With a majority of hospitals aiming at improving their medical services, there is a surge in the demand for medical trolleys that are developed to enhance the efficiency of support systems in hospitals or ambulatory surgical centers. The advantages of the wheels of these trolleys enabling mobility within the hospital or any other medical facility, and the height readjustment feature as per the patient’s needs add to the convenience of their usage and are therefore of very high utility. The multipurpose use of medical trolleys customized to shift oxygen cylinders to the operation theaters or store products in the racks and shelves to be distributed to patients are other key utility factors boosting their demand. Significant factors contributing to the growth of the medical trolleys market are increasing expenditure on healthcare and increased investment by hospitals to improve their medical facilities. Moreover, the exponential rise in the number of hospital admissions owing to an increase in the number of chronic diseases is predicted to foster the growth of the medical trolleys market over the upcoming period. The high frequency of elderly population being admitted to end-user facilities also attributes to the steep growth of the medical trolleys market, which will increase traction of the medical trolleys market. The market is segmented based on product type which include anesthetic trolleys, isolation trolleys, oxygen trolleys, storage trolleys, and so forth, which are to collectively witness significant gain in market share across the globe, due to the increasing adoption of more improved healthcare facilities. The adoption of medical trolleys is rising with the objective of making patients feel at ease during their stay at the hospital.
Lack of knowledge of how to use these trolleys could be a deterrent limiting the demand for them, leading to a slowdown or stagnancy in market growth.
Medical Trolleys Market Competition
Key companies operating in this industry are Ergotron, Capsa Solutions, Enovate, InterMetro(Emerson), Rubbermaid, Parity Medical, ITD, JACO, Stanley, Villard, Scott-Clark, Athena, Byte, CompuCaddy, and Cura.
• Medical Trolleys Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Medical Trolleys Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• Powered medical trolleys
• Integrated medical trolleys
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Doctors Use
• Nurses Use
Country (Revenue, USD Million, 2020 - 2027)
• United States
• South Korea
• Rest of Asia Pacific
• Rest of Europe
• Rest of South America
The Middle East and Africa
• Saudi Arabia
Medical Trolleys Market Companies
• Capsa Solutions
• Parity Medical
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