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North America Medical Carts Market Analysis Will Expand at a CAGR of 11.2% from 2017-2027

Future Market Insights has announced the addition of the “Medical Carts Market: North America Industry Analysis and Opportunity Assessment 2017-2027" report to their offering.

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<strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong>: <strong>North</strong> <strong>America</strong> Industry <strong>Analysis</strong> and<br />

Opportunity Assessment <strong>2017</strong>-<strong>2027</strong><br />

May <strong>2017</strong><br />

Report Id : REP-NA-3608<br />

St<strong>at</strong>us : Apr-<strong>2017</strong><br />

C<strong>at</strong>egory : Healthcare, Pharmaceuticals & <strong>Medical</strong> Devices<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved


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Research Methodology (1/2)<br />

System<strong>at</strong>ic Research Approach<br />

<strong>Market</strong> pr<strong>of</strong>iling<br />

Formul<strong>at</strong>ing discussion guide<br />

Developing list <strong>of</strong> respondents<br />

D<strong>at</strong>a collection<br />

D<strong>at</strong>a valid<strong>at</strong>ion<br />

4<br />

5<br />

3<br />

1<br />

2<br />

In-depth secondary research is used to<br />

ascertain overall market size, top<br />

industry players, top products, industry<br />

associ<strong>at</strong>ions, etc.<br />

PMR formul<strong>at</strong>es a detailed discussion<br />

guide to conduct expert and industry<br />

interviews<br />

PMR develops a list <strong>of</strong> industry players<br />

(manufacturers), distributors, retailers<br />

and industry experts<br />

PMR conducts interviews with industry<br />

experts, industry players, distributors<br />

and retailers<br />

D<strong>at</strong>a is valid<strong>at</strong>ed by triangul<strong>at</strong>ion<br />

method, wherein secondary, primary<br />

and PMR analysis contribute to the final<br />

d<strong>at</strong>a<br />

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<br />

<br />

D<strong>at</strong>a<br />

Collection<br />

D<strong>at</strong>a Filter<br />

& <strong>Analysis</strong><br />

Identifying key opinion leaders<br />

Questionnaire design<br />

In-depth interviews<br />

Coverage across value chain<br />

<strong>Market</strong> participants<br />

Key strengths<br />

Product portfolio<br />

Mapping as per value chain<br />

Key focus segments<br />

A<br />

Primary<br />

Research<br />

C<br />

Company<br />

<strong>Analysis</strong><br />

Research &<br />

Intelligence<br />

SOLUTION<br />

Actionable<br />

Insights<br />

B<br />

Desk<br />

Research<br />

<br />

<br />

<br />

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<br />

Business<br />

Solution<br />

Key industry experts<br />

Channel study<br />

Developments<br />

<strong>Market</strong> dynamics<br />

Products<br />

Conclusions<br />

D<strong>at</strong>a analysis<br />

6<br />

D<strong>at</strong>a is scrutinized using MS-Excel to<br />

obtain qualit<strong>at</strong>ive and quantit<strong>at</strong>ive<br />

insights about the industry<br />

Primary Research #<br />

Secondary Research #<br />

Paid Public<strong>at</strong>ions#<br />

Insights<br />

7<br />

PMR delivers industry insights and<br />

inform<strong>at</strong>ion in the required form<strong>at</strong><br />

(PDF)<br />

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<br />

<br />

Linkedin<br />

Zoominfo<br />

Salesforce<br />

Avention<br />

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<br />

Company websites<br />

Company annual<br />

reports<br />

White papers<br />

Financial reports<br />

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<br />

<br />

<br />

Factiva<br />

GBI<br />

Genios<br />

Meltw<strong>at</strong>er<br />

# includes sources <strong>of</strong> d<strong>at</strong>abases<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

3


<strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong><br />

IT-Healthcare Integr<strong>at</strong>ion Boosting the Sales <strong>of</strong> <strong>Medical</strong> <strong>Carts</strong> in <strong>North</strong> <strong>America</strong><br />

The need for streamlining workflow has necessit<strong>at</strong>ed the integr<strong>at</strong>ion <strong>of</strong> inform<strong>at</strong>ion technology (IT)<br />

solutions in healthcare settings. <strong>Medical</strong> carts manufactured by companies are presently serving the<br />

essential purpose <strong>of</strong> aiding nursing oper<strong>at</strong>ions in medical facilities. The robust healthcare infrastructure in<br />

the US will demand the adoption <strong>of</strong> advanced medical carts th<strong>at</strong> not only dispense medical instruments<br />

& supplies, but also have integr<strong>at</strong>ed IT systems. In the years to come, the demand for medical carts in<br />

<strong>North</strong> <strong>America</strong> will witness steadfast inclin<strong>at</strong>ion towards IT-integr<strong>at</strong>ed medical carts.<br />

According to Future <strong>Market</strong> Insights –<br />

“<strong>North</strong> <strong>America</strong>’s medical carts market is expected to reach US$ 600 Mn value by <strong>2017</strong>-end, and will<br />

expand <strong>at</strong> <strong>11.2%</strong> <strong>CAGR</strong> through <strong>2027</strong> to bring in US$ 1,720.8 Mn in revenues.”<br />

Rising focus on point-<strong>of</strong>-care diagnosis & tre<strong>at</strong>ment has led to an increase in the use <strong>of</strong> mobile computer<br />

medical carts. Computer medical carts are used to record and upd<strong>at</strong>e a p<strong>at</strong>ient’s electronic health records<br />

(EHR). Increased adoption <strong>of</strong> Electronic Health Records (EHR) is also observed to be an instrumental<br />

factor for growth <strong>of</strong> <strong>North</strong> <strong>America</strong>’s medical carts market. The report, titled “<strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> –<br />

<strong>North</strong> <strong>America</strong> Industry <strong>Analysis</strong> and Opportunity Assessment, <strong>2017</strong>-<strong>2027</strong>,” also projects th<strong>at</strong><br />

manufacturers <strong>of</strong> medical carts are extending the product line by introducing medical carts with added<br />

fe<strong>at</strong>ures. Omnicell, Inc., Herman Miller, Inc., The Harl<strong>of</strong>f Company, Capsa Solutions LLC, Medline<br />

Industries, Inc., Armstrong <strong>Medical</strong> Industries, Inc., AFC Industries, W<strong>at</strong>erloo Healthcare, TouchPoint<br />

<strong>Medical</strong>, and Ergotron, Inc. are recognised as leading manufacturers <strong>of</strong> medical carts in <strong>North</strong> <strong>America</strong>.<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 4


<strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong><br />

Constructive Prospects for Future <strong>of</strong> <strong>North</strong> <strong>America</strong>’s <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong><br />

A lucr<strong>at</strong>ive opportunity for such prominent medical device manufacturers towards consolid<strong>at</strong>ing their<br />

presence in the medical carts market in <strong>North</strong> <strong>America</strong> is changing their product line in accordance with<br />

shift in technology. Mechanical medical carts are being gradually replaced by new and enhanced<br />

technologies such as powered medical devices with b<strong>at</strong>tery systems, locking drawers (with neg<strong>at</strong>ive tilt to<br />

facilit<strong>at</strong>e efficient stocking <strong>of</strong> medic<strong>at</strong>ion), and autom<strong>at</strong>ed medicine dispensing systems.<br />

In addition to this, increased focus on acquisitions and collabor<strong>at</strong>ion among companies have helped them<br />

expand their clinical carts product portfolio and c<strong>at</strong>er to the demand for efficient healthcare systems. This<br />

has boosted the need for more effective and advanced medical equipment, devices and procedures.<br />

Emerging players must keep in mind th<strong>at</strong> acquisitions over the years have resulted in strengthening the<br />

positions <strong>of</strong> current market leaders.<br />

Key Highlights <strong>of</strong> the Report follow,<br />

In <strong>2017</strong> and beyond, computer medical carts will remain in gre<strong>at</strong> demand, procuring close to 40% <strong>of</strong><br />

the market’s overall revenues towards the end <strong>of</strong> <strong>2027</strong><br />

<strong>North</strong> <strong>America</strong>’s medical carts market is poised to witness dominance <strong>of</strong> metal as base m<strong>at</strong>erial,<br />

revenues <strong>from</strong> which will reflect a <strong>CAGR</strong> <strong>of</strong> 12.1%<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 5


<strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong><br />

Non-powered medical carts will also be top-sellers in the market, while revenues <strong>from</strong> sales <strong>of</strong><br />

powered medical carts are anticip<strong>at</strong>ed to showcase 12.6% <strong>CAGR</strong><br />

Hospitals will be the largest end-users <strong>of</strong> medical carts in <strong>North</strong> <strong>America</strong><br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved 6


Table <strong>of</strong> Content<br />

1. Executive Summary<br />

2. <strong>Market</strong> Introduction<br />

2.1. <strong>Market</strong> Definition<br />

2.2. <strong>Market</strong> Taxonomy<br />

3. <strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> <strong>Analysis</strong> Scenario<br />

3.1. <strong>Market</strong> Size (US$ Mn) and Forecast<br />

3.1.1. <strong>Market</strong> Size and Y-o-Y Growth<br />

3.1.2. Absolute $ Opportunity<br />

3.2. <strong>Market</strong> Overview<br />

3.2.1. Value Chain<br />

4. <strong>Market</strong> Dynamics<br />

4.1. Macro-economic Factors<br />

4.2. Drivers<br />

4.2.1. Supply Side<br />

4.2.2. Demand Side<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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Table <strong>of</strong> Content<br />

4.3. Restraints<br />

4.4. Opportunity<br />

4.5. Forecast Factors – Relevance and Impact<br />

5. <strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> <strong>Analysis</strong> and Forecasts, By Product<br />

5.1. Introduction<br />

5.2. Basis Point Share (BPS) <strong>Analysis</strong> By Product Type<br />

5.3. Y-o-Y Growth Projections By Product Type<br />

5.4. <strong>Market</strong> Value Forecast By Product, <strong>2017</strong>–<strong>2027</strong><br />

5.4.1. Emergency Cart<br />

5.4.2. Procedure Cart<br />

5.4.3. <strong>Medical</strong> Computer Cart<br />

5.4.4. Anesthesia Cart<br />

5.4.5. Others<br />

5.5. <strong>Market</strong> Attractiveness By Product<br />

6. <strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> <strong>Analysis</strong> and Forecasts, By M<strong>at</strong>erial<br />

6.1. Introduction<br />

6.2. Basis Point Share (BPS) <strong>Analysis</strong> By M<strong>at</strong>erial<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

8


Table <strong>of</strong> Content<br />

6.3. Y-o-Y Growth Projections By M<strong>at</strong>erial<br />

6.4. <strong>Market</strong> Value Forecast By M<strong>at</strong>erial, <strong>2017</strong>–<strong>2027</strong><br />

6.4.1. Metal<br />

6.4.2. Plastic<br />

6.4.3. Wood<br />

6.5. <strong>Market</strong> Attractiveness By M<strong>at</strong>erial<br />

7. <strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> <strong>Analysis</strong> and Forecasts, By Energy Source<br />

7.1. Introduction<br />

7.2. Basis Point Share (BPS) <strong>Analysis</strong> By Energy Source<br />

7.3. Y-o-Y Growth Projections By Energy Source<br />

7.4. <strong>Market</strong> Value Forecast By Energy Source, <strong>2017</strong>–<strong>2027</strong><br />

7.4.1. Powered<br />

7.4.2. Non-powered (Mechanical)<br />

7.5. <strong>Market</strong> Attractiveness By Energy Source<br />

8. <strong>North</strong> <strong>America</strong> <strong>Medical</strong> <strong>Carts</strong> <strong>Market</strong> <strong>Analysis</strong> and Forecasts, By End User<br />

8.1. Introduction<br />

8.2. Basis Point Share (BPS) <strong>Analysis</strong> By End User<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

9


Table <strong>of</strong> Content<br />

8.3. Y-o-Y Growth Projections By End User<br />

8.4. <strong>Market</strong> Value Forecast By End Use, <strong>2017</strong>–<strong>2027</strong><br />

8.4.1. Hospitals<br />

8.4.2. Clinics<br />

8.4.3. Ambul<strong>at</strong>ory Surgical Centers<br />

8.4.4. Diagnostic Centers<br />

8.4.5. Others<br />

8.5. <strong>Market</strong> Attractiveness By End User<br />

©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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©2015 Future <strong>Market</strong> Insights, All Rights Reserved<br />

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