North America Medical Carts Market Analysis Will Expand at a CAGR of 11.2% from 2017-2027
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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 />
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D<strong>at</strong>a valid<strong>at</strong>ion<br />
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5<br />
3<br />
1<br />
2<br />
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D<strong>at</strong>a is scrutinized using MS-Excel to<br />
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<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 />
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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 />
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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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