Medical Carts Market Size Projected to Risec

Medical Carts Market
Size Projected to Rise Lucratively during 2020 - 2030

·        
Medical carts are an
important component of hospital furniture infrastructure that are used to keep
and carry all essential medical supplies near the patient

·        
Medical carts are
designed to provide maximum storage capacity with safety, possess a durable and
handy construction, and offer easy mobility

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·        
Various types of
medical carts are available, which are designed according to their applications
in healthcare facilities. These are utilized in almost every department of
healthcare facilities including surgical wards, Intensive care units, general
wards, emergency and trauma wards, physicians’ clinics, and medical schools.

·        
Common types of
medical carts are crash carts, bedside carts, IV carts, anesthesia carts,
medication carts, procedure carts and isolation carts

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Medical Carts Market: Key Drivers

·        
Expansion of the medical
carts market is estimated to be primarily driven by a significant rise in the
number of hospitalizations owing to the high prevalence and rise in incidence
rates of various chronic as well as acute disorders across the globe

·        
For instance, The
Centers for Disease Control and Prevention (CDC) has estimated that by the mid
of July 2020, there would be around 1000 to 15000 new COVID-19 hospitalizations
per day in the U.S.

·        
Increase in the
geriatric population, which is more prone to age-related disorders, is a
prominent factor that is projected to boost the global market during the
forecast period

·        
New product
development, increased number of hospitals and healthcare facilities, and
increased access to healthcare in developing countries are anticipated to drive
the global market in the near future

·        
However, high cost of
specialty carts is expected to restrain the global market

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Bedside Carts Segment to Dominate Global
Market

·        
In terms of product,
the global medical carts market can be classified into crash carts, medication
carts, beside carts, point of care carts, anesthesia carts, IV carts, procedure
carts and others. The bedside carts segment is projected to dominate the global
market during the forecast period.

·        
As the name suggests,
bedside carts are kept at the bedside of patients who are recovering from
treatment and require routing checkup and follow-up procedures. These are one
of the simplest form of medical carts comprising drawers and compartments to
store medical documents, medicines, and other healthcare consumables that are
required during routine procedures. Bedside carts are kept near every hospital
bed and accounts for a large share of the market, in terms of volume, as
compared to the other types of medical carts.

·        
Crash carts, also
known as code carts, are used in Intensive care units and emergency wards.
These are specially equipped to contain a variety of medical supplies such as
sanitary supplies, medications, intubation supplies, defibrillators, and other
life-saving equipment.

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Hospitals to be Highly Attractive Segment

·        
Based on end-user, the
global medical carts market can be bifurcated into hospitals, ambulatory
surgery centers, specialty clinics, and others. The hospitals segment is
expected to dominate the global market during the forecast period.

·        
Comparatively, a large
number of hospitals, large number of hospitalizations due to various chronic as
well as acute medical disorders, and an increase in number of new hospitals in
emerging countries such as Brazil, Mexico, India, and China are attributed to
the dominant share that is estimated to be held by the segment during the
forecast period.

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Asia Pacific Medical Carts Market to Expand
Rapidly

·        
In terms of region,
the global medical carts market can be segmented into North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa

·        
Europe is likely to
dominate the global market during the forecast period. Well-established
healthcare infrastructure, high healthcare funding, rise in number of
hospitalizations, and a large base of medical carts manufacturer are major
factors that are projected to contribute to the region’s dominant share of the
global market during the forecast period.

·        
The medical carts
market in Asia Pacific is anticipated to expand at a prominent CAGR during the
forecast period. Rapid expansion of the market in the region is attributed to
an increase in number of hospitals and ambulatory surgery centers, improvement
of health care infrastructure, and a rise in population with chronic disorders
in China and India.

·        
Significantly of the
healthcare industry, easy access to healthcare facilities, and an increase in
investments in healthcare by leading players in Asia Pacific are expected to
fuel the market in Asia Pacific