In a recent published report, Kenneth Research has updated the market report for Medical Carts Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Carts Market products.
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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.
Global Medical Carts Market was valued at USD 1.95 Billion in the year 2019. Global Medical Carts Market is further estimated to grow at a CAGR of 15.4% from 2019 to reach USD 4.73 Billion by the year 2025. Expanding reception of the electronic medical records and expanding rates of musculoskeletal injury and technological advancement are a portion of the central point driving the development of the worldwide medical Carts advertise. Be that as it may, expanding value rivalry among producers are ruining the development of this industry.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Medical carts is a portable device, which comprises of a lot of racks, plate, compartments, and drawers for emergency clinic use and restorative settings. It conveys, apportion, and transport crisis drugs, meds, medical gadgets, and restorative instruments. Carts are a critical part of restorative guide as it gives putting away, recording, and administering medications, supplies, and patient data alongside patient consideration. Numerous Carts are intended to supply different careful and crisis needs relying upon the operating room and other medical settings.
North America dominates the medical carts industry with the US accounted large share in overall industry in 2017. The rising frequencies of musculoskeletal damage and innovative progression are a portion of the significant driving elements driving the development of this industry in North America. The Asia-Pacific restorative Carts advertise is ready to develop at the most elevated CAGR amid the figure time frame attributable to improving human services foundation and rising rates of musculoskeletal damage in the district. The expanding appropriation of the electronic restorative records in the Asia-Pacific medical Carts advertise is another factor driving its development. Moreover, rising nations, for example, India and China gives huge development chances to the medical truck industry.
Major market players in Medical Carts Market are InterMetro Industries Corp., AFC Industries, The Bergmann Group, Life-Medic HealthCare Supplies Pte Ltd., Harloff Company, Armstrong Medical, Capsa Solutions LLC., Omnicell Inc., Medline Industries Inc., ITD GmbH, Midmark Corporation, Jegna, Herman Miller Inc., Zhangjiagang Bestran Technology Co. Ltd., Merino International, BiHealthcare, Tianjin Xuhua Medical Equipment Factory, Medical Master, Hua Shuo Plastic Co. Ltd., Joson-Care Enterprise Co. Ltd., and Tonglu Rex Medical Instrument Co. Ltd.
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Medical Carts Market Segmentation:
Medical Carts Market Overview, By Product
*Mobile Computing Carts
*Medication Carts
*Medical Storage Columns
*Wall-Mounted Workstations
Medical Carts Market Overview, By End User
*Hospitals and clinics
*Ambulatory Surgical Centers
*Others (If Any)
Medical Carts Market Overview, By Type
*Computer Medical Cart
*Emergency Cart
*Anesthesia Cart
*Procedure Cart
Medical Carts Market Overview, By Material Type
*Metal Type
*Plastic Type
Medical Carts Market Overview, By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Table of Contents
1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Turnover Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
5. Industry Trends
5.1. Introduction
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Medical Carts Industry, By Product
6.1. Mobile Computing Carts
6.2. Medication Carts
6.3. Medical Storage Columns
6.4. Wall-Mounted Workstations
7. Medical Carts Industry, By End User
7.1. Hospitals and clinics
7.2. Ambulatory Surgical Centers
7.3. Others (If Any)
8. Medical Carts Industry, By Type
8.1. Computer Medical Cart
8.2. Emergency Cart
8.3. Anesthesia Cart
8.4. Procedure Cart
9. Medical Carts Industry, By Material Type
9.1. Metal Type
9.2. Plastic Type
10. Geographical Analysis10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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