North America Medical Carts Market

Medical Carts Market: Powered Segment Anticipated to be the Second Most Lucrative Segment by Energy Source During the Forecast Period: North America Industry Analysis and Opportunity Assessment 2017-2027

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Non-powered segment by energy source anticipated to dominate the North America medical carts market during 2017 – 2027

The Non-powered (mechanical) energy source segment dominated the North America medical carts market in terms of revenue in 2017 and is likely to retain its dominance throughout the forecast period. The Non-powered (mechanical) segment is also the most attractive segment, with an attractiveness index of 1.2 over the forecast period. This segment is estimated to hold a little over 68% revenue share of the North America medical carts market in 2017; however, there is an anticipated drop to the tune of 432 basis points in market share by 2027. The Non-powered (mechanical) segment is expected to register a CAGR of 10.4% over the forecast period and be valued at a little more than US$ 1,100 Mn by 2027 end.

On the other hand, revenue from the Powered segment by energy source is expected to grow 3.3x by 2027 end as compared to that in 2017. The Powered segment is expected to create absolute $ opportunity of slightly more than US$ 20 Mn in 2018 over 2017. By the end of 2027, the Powered segment is projected to reach more than US$ 600 Mn, growing at a CAGR of 12.6% over the forecast period. The Powered segment is expected to be the second most lucrative segment in the North America medical carts market by energy source, with an attractiveness index of 0.8 during the period of assessment.

Key player focus on developing innovative products drives revenue growth in the North America medical carts market

Key players in the North America medical carts market are focussing on developing innovative application specific products to fulfil the various needs of hospitals and to enhance the important factor of patient safety. This need to increase hospital capacity and innovations in products are likely to boost the revenue and volume growth of the medical carts market. To strengthen the medical carts product portfolio, companies in this market are deploying a product line extension strategy by launching new products with unique features for specific purposes. For instance, companies such as Ergotron, Inc. and InterMetro Industries Corporation are introducing powered medical carts to simplify the work of nursing facility staff. These mobile medical carts are preferred by nurses as they are at a high risk of musculoskeletal disorders.

Non-powered or mechanical medical carts are now slowly being replaced by innovative and enhanced technologies such as powered medical carts with battery systems and locking drawers with negative tilt to facilitate efficient medication stocking, and also feature automated medicine dispensing systems. For instance, Omnicell Inc. designs medication workstations to advance medication and supply automation management. On the other hand Ergotron Inc. offers a wide variety of powered medical carts with ergonomic and easy-to-manoeuvre features. This shift in technology to powered medical carts is trending the North America medical carts market.

north america medical carts market

Hazards associated with powered medical carts could negatively impact segmental growth over the forecast period

There have been past incidences of safety issues with battery powered mobile medical carts.The U.S. Food and Drug Administration (FDA) has been receiving several complaints about incidents of hospital fires associated with batteries used in powered medical carts. In December 2016, the FDA issued a warning regarding the risks associated with battery powered medical carts to healthcare professionals and healthcare units. Medical carts are regulated by the FDA under section 201(h) of the Food, Drug and Cosmetic Act. Commercially available battery powered medical carts include medication dispensing carts, emergency carts and others. Hazards associated with powered medical carts are likely to hamper the revenue growth of the Powered segment during the forecast period.

The report “Medical Carts Market: North America Industry Analysis and Opportunity Assessment 2017-2027” by Future Market Insights is a comprehensive study of medical carts such as emergency carts, procedure carts, medical computer carts, anaesthesia carts and others in the North America medical carts market. This study does not consider workstations/wall mounts and cabinets used in hospitals for delivering medical devices and medicine. Medical carts present good opportunities to investors due to high demand of point of care diagnosis and treatment in healthcare settings. There is a rise in distribution of products through e-commerce and establishing market presence through promotional campaigns and exhibitions. While studying this market in detail, our expert team of analysts have observed that key players operating in the North America medical carts market are adopting strategies to penetrate and sustain the price sensitive market. This comprehensive study of the market scenario provides insights into the various business opportunities.

Key players in the North America medical carts market are focussing on adding more value in order to maintain and increase their customer base by updating their product offerings with advanced options such as wireless management of medical carts and automatic locking drawers. The market is competitive due to the presence of established players. However, brands from companies such as Herman Miller Inc., Waterloo Healthcare, Ergotron Inc. and others have maintained their position in the market owing to their unique value proposition such as providing more precision and accurate IT support in medical carts. We have targeted the various market segments while inspecting the North America medical carts market and have observed that medical computer carts and emergency medical carts segments contribute a significant market share and are the fastest growing segments due to increase in nursing workflow efficiency. In case of regions, it has been noticed that the North America market is expected to dominate in terms of revenue share, owing to the availability of advanced products.

The North America medical carts market is divided into the following segments

By End User

By Region

By Material Type

By Energy Source

By Product Type

  • Hospitals

  • Clinics

  • Ambulatory Surgical Centres

  • Diagnostic Centres

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

  • Metal

  • Plastic

  • Wood

  • Powered

  • Non-Powered (Mechanical)

  • Emergency Carts

  • Procedure/Treatment Carts

  • Anaesthesia Carts

  • Medical Computer Carts

  • Others

North America Medical Carts Market – PEST Analysis

The economic aspect of the PEST analysis indicates that medical carts that are widely used in hospitals, clinics, ambulatory surgical centres and others. It is believed that the U.S. hospital capacity expansion, especially for emergency and inpatient services would further demand purchase of medical carts. When it comes to analysing the political factors impacting the North America medical carts market, we have found that companies have patented technology that is used for manufacturing of advanced technology medical carts with integration of information technology. Companies operating in the North America medical carts market focus on acquisitions and mergers and ensure that patented technology can be used for their product development. Technological factors include several companies that have full line of next generation medical carts targeting changing healthcare needs and allowing data management systems assisting healthcare information technology and electronic health records. The social analysis of the market shows that good ergonomic mobile technology carts reduce incidences of musculoskeletal disorder among healthcare professionals.

Research Methodology

The forecast presented in this report assesses the total revenue of the North America medical carts market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for forecasting how the market is anticipated to take shape in the near future. Given the characteristics of the market, we have triangulated the outcome on the basis of analysis based on supply and demand sides. The report also takes into consideration year-on-year growth to understand the predictability of the market and to identify the right opportunities across the North America medical carts market. As previously highlighted, the market for medical carts in North America is split into various categories. All these segments have been analysed in terms of basis point share to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for the identification of various key trends in the North America medical carts market.

North America Medical Carts Market Reports - Table of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

3. North America Medical Carts Market Analysis Scenario

3.1. Market Size (US$ Mn) and Forecast

3.1.1. Market Size and Y-o-Y Growth

3.1.2. Absolute $ Opportunity

3.2. Market Overview

3.2.1. Value Chain

4. Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.2.1. Supply Side

4.2.2. Demand Side

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors – Relevance and Impact

5. North America Medical Carts Market Analysis and Forecasts, By Product

5.1. Introduction

5.2. Basis Point Share (BPS) Analysis By Product Type

5.3. Y-o-Y Growth Projections By Product Type

5.4. Market Value Forecast By Product, 2017–2027

5.4.1. Emergency Cart

5.4.2. Procedure Cart

5.4.3. Medical Computer Cart

5.4.4. Anesthesia Cart

5.4.5. Others

5.5. Market Attractiveness By Product

6. North America Medical Carts Market Analysis and Forecasts, By Material 

6.1. Introduction

6.2. Basis Point Share (BPS) Analysis By Material 

6.3. Y-o-Y Growth Projections By Material 

6.4. Market Value Forecast By Material, 2017–2027

6.4.1. Metal

6.4.2. Plastic

6.4.3. Wood

6.5. Market Attractiveness By Material 

7. North America Medical Carts Market Analysis and Forecasts, By Energy Source 

7.1. Introduction

7.2. Basis Point Share (BPS) Analysis By Energy Source 

7.3. Y-o-Y Growth Projections By Energy Source 

7.4. Market Value Forecast By Energy Source, 2017–2027

7.4.1. Powered

7.4.2. Non-powered (Mechanical)

7.5. Market Attractiveness By Energy Source 

8. North America Medical Carts Market Analysis and Forecasts, By End User

8.1. Introduction

8.2. Basis Point Share (BPS) Analysis By End User

8.3. Y-o-Y Growth Projections By End User

8.4. Market Value Forecast By End Use, 2017–2027

8.4.1. Hospitals

8.4.2. Clinics

8.4.3. Ambulatory Surgical Centers

8.4.4. Diagnostic Centers

8.4.5. Others

8.5. Market Attractiveness By End User

9. U.S Medical Carts Market Analysis and Forecast, By Product

9.1. Introduction

9.2. Basis Point Share (BPS) Analysis By Product Type

9.3. Y-o-Y Growth Projections By Product Type

9.4. Market Value Forecast By Product, 2017–2027

9.4.1. Emergency Cart

9.4.2. Procedure Cart

9.4.3. Medical Computer Cart

9.4.4. Anesthesia Cart

9.4.5. Others

9.5. Market Attractiveness By Product

10. U.S Medical Carts Market Analysis and Forecasts, By Material 

10.1. Introduction

10.2. Basis Point Share (BPS) Analysis By Material 

10.3. Y-o-Y Growth Projections By Material 

10.4. Market Value Forecast By Material, 2017–2027

10.4.1. Metal

10.4.2. Plastic

10.4.3. Wood

10.5. Market Attractiveness By Material 

11. U.S Medical Carts Market Analysis and Forecasts, By Energy Source 

11.1. Introduction

11.2. Basis Point Share (BPS) Analysis By Energy Source 

11.3. Y-o-Y Growth Projections By Energy Source 

11.4. Market Value Forecast By Energy Source, 2017–2027

11.4.1. Powered

11.4.2. Non-powered (Mechanical)

11.5. Market Attractiveness By Energy Source 

12. U.S Medical Carts Market Analysis and Forecasts, By End User

12.1. Introduction

12.2. Basis Point Share (BPS) Analysis By End User

12.3. Y-o-Y Growth Projections By End User

12.4. Market Value Forecast By End Use, 2017–2027

12.4.1. Hospitals

12.4.2. Clinics

12.4.3. Ambulatory Surgical Centers

12.4.4. Diagnostic Centers

12.4.5. Others

12.5. Market Attractiveness By End User

13. Canada Medical Carts Market Analysis and Forecasts, By Product

13.1. Introduction

13.2. Basis Point Share (BPS) Analysis By Product Type

13.3. Y-o-Y Growth Projections By Product Type

13.4. Market Value Forecast By Product, 2017–2027

13.4.1. Emergency Cart

13.4.2. Procedure Cart

13.4.3. Medical Computer Cart

13.4.4. Anesthesia Cart

13.4.5. Others

13.5. Market Attractiveness By Product

14. Canada Medical Carts Market Analysis and Forecasts, By Material 

14.1. Introduction

14.2. Basis Point Share (BPS) Analysis By Material 

14.3. Y-o-Y Growth Projections By Material 

14.4. Market Value Forecast By Material, 2017–2027

14.4.1. Metal

14.4.2. Plastic

14.4.3. Wood

14.5. Market Attractiveness By Material 

15. Canada Medical Carts Market Analysis and Forecasts, By Energy Source 

15.1. Introduction

15.2. Basis Point Share (BPS) Analysis By Energy Source 

15.3. Y-o-Y Growth Projections By Energy Source 

15.4. Market Value Forecast By Energy Source, 2017–2027

15.4.1. Powered

15.4.2. Non-powered (Mechanical)

15.5. Market Attractiveness By Energy Source 

16. Canada Medical Carts Market Analysis and Forecasts, By End User

16.1. Introduction

16.2. Basis Point Share (BPS) Analysis By End User

16.3. Y-o-Y Growth Projections By End User

16.4. Market Value Forecast By End Use, 2017–2027

16.4.1. Hospitals

16.4.2. Clinics

16.4.3. Ambulatory Surgical Centers

16.4.4. Diagnostic Centers

16.4.5. Others

16.5. Market Attractiveness By End User

17. Competition Landscape

17.1. Competition Dashboard

17.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

17.2.1. Herman Miller, Inc.

17.2.2. Omnicell, Inc.

17.2.3. The Harloff Company 

17.2.4. Capsa Solutions LLC

17.2.5. Medline Industries, Inc.

17.2.6. Armstrong Medical Industries, Inc.

17.2.7. Waterloo Healthcare 

17.2.8. Ergotron, Inc.

17.2.9. TouchPoint Medical 

17.2.10. AFC industries Inc.

18. Assumptions and Acronyms Used

19. Research Methodology

North America Medical Carts Market Reports - List of Tables

Table 01: North America Medical Carts Market Value (US$ Mn) Analysis and Forecast By Product Type, 2017–2027

Table 02: North America Medical Carts Market Value (US$ Mn) Analysis and Forecast By Material Type, 2017–2027

Table 03: North America Medical Carts Market Value (US$ Mn) Analysis and Forecast By Energy Source, 2017–2027

Table 04: North America Medical Carts Market Value (US$ Mn) Analysis and Forecast By End User, 2017–2027

Table 05: U.S. Medical Carts Market Value (US$ Mn) Analysis and Forecast By Product Type, 2017–2027

Table 06: U.S. Medical Carts Market Value (US$ Mn) Analysis and Forecast By Material Type, 2017–2027

Table 07: U.S. Medical Carts Market Value (US$ Mn) Analysis and Forecast By Energy Source, 2017–2027

Table 08: U.S. Medical Carts Market Value (US$ Mn) Analysis and Forecast By End User, 2017–2027

Table 09: Canada Medical Carts Market Value (US$ Mn) Analysis and Forecast By Product Type, 2017–2027

Table 10: Canada Medical Carts Market Value (US$ Mn) Analysis and Forecast By Material Type, 2017–2027

Table 11: Canada Medical Carts Market Value (US$ Mn) Analysis and Forecast By Energy Source, 2017–2027

Table 12: Canada Medical Carts Market Value (US$ Mn) Analysis and Forecast By End User, 2017–2027

North America Medical Carts Market Reports - List of Figures

Figure 1: North America Medical Carts Market Share Analysis (%) By Product Type, 2017 & 2027

Figure 2: North America Medical Carts Market Y-o-Y Growth (%) By Product Type, 2016–2027 

Figure 3: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Emergency Carts, 2017–2027

Figure 4: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Procedure Carts, 2017–2027

Figure 5: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Anesthesia Carts , 2017–2027

Figure 6: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Medical Computer Carts,

 2017–2027

Figure 7: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 8: North America Medical Carts Market Attractiveness Analysis By Product Type, 2017–2026 

Figure 9: North America Medical Carts Market Share Analysis (%) By Material Type, 2017 & 2027

Figure 10: North America Medical Carts Market Y-o-Y Growth (%) By Material Type, 2016–2027 

Figure 11: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Metal, 2017–2027

Figure 12: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Plastic, 2017–2027

Figure 13: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Wood, 2017–2027

Figure 14: North America Medical Carts Market Attractiveness Analysis By Material Type, 2017–2026 

Figure 15: North America Medical Carts Market Share Analysis (%) By Energy Source, 2017 & 2027

Figure 16: North America Medical Carts Market Y-o-Y Growth (%) By Energy Source, 2016–2027 

Figure 17: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Powered, 2017–2027

Figure 18: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Non-powered, 2017–2027

Figure 19: North America Medical Carts Market Attractiveness Analysis By Energy Source, 2017–2026 

Figure 20: North America Medical Carts Market Share Analysis (%) By End User, 2017 & 2027

Figure 21: North America Medical Carts Market Y-o-Y Growth (%) By End User, 2016–2027 

Figure 22: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Hospitals, 2017–2027

Figure 23: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Clinics, 2017–2027

Figure 24: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Ambulatory Surgical Centers, 

2017–2027

Figure 25: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Diagnostic Centers, 2017–2027

Figure 26: North America Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 27: North America Medical Carts Market Attractiveness Analysis By End User, 2017–2026 

Figure 28: U.S. Medical Carts Market Share Analysis (%) By Product Type, 2017 & 2027

Figure 29: U.S. Medical Carts Market Y-o-Y Growth (%) By Product Type, 2016–2027 

Figure 30: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Emergency Carts, 2017–2027

Figure 31: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Procedure Carts, 2017–2027

Figure 32: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Anesthesia Carts , 2017–2027

Figure 33: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Medical Computer Carts, 2017–2027

Figure 34: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 35: U.S. Medical Carts Market Attractiveness Analysis By Product Type, 2017–2026 

Figure 36: U.S. Medical Carts Market Share Analysis (%) By Material Type, 2017 & 2027

Figure 37: U.S. Medical Carts Market Y-o-Y Growth (%) By Material Type, 2016–2027 

Figure 38: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Metal, 2017–2027

Figure 39: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Plastic, 2017–2027

Figure 40: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Wood, 2017–2027

Figure 41: U.S. Medical Carts Market Attractiveness Analysis By Material Type, 2017–2026 

Figure 42: U.S. Medical Carts Market Share Analysis (%) By Energy Source, 2017 & 2027

Figure 43: U.S. Medical Carts Market Y-o-Y Growth (%) By Energy Source, 2016–2027 

Figure 44: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Powered, 2017–2027

Figure 45: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Non-powered, 2017–2027

Figure 46: U.S. Medical Carts Market Attractiveness Analysis By Energy Source, 2017–2026 

Figure 47: U.S. Medical Carts Market Share Analysis (%) By End User, 2017 & 2027

Figure 48: U.S. Medical Carts Market Y-o-Y Growth (%) By End User, 2016–2027 

Figure 49: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Hospitals, 2017–2027

Figure 50: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Clinics, 2017–2027

Figure 51: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Ambulatory Surgical Centers, 2017–2027

Figure 52: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Diagnostic Centers, 2017–2027

Figure 53: U.S. Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 54: U.S. Medical Carts Market Attractiveness Analysis By End User, 2017–2026 

Figure 55: Canada Medical Carts Market Share Analysis (%) By Product Type, 2017 & 2027

Figure 56: Canada Medical Carts Market Y-o-Y Growth (%) By Product Type, 2016–2027 

Figure 57: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Emergency Carts, 2017–2027

Figure 58: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Procedure Carts, 2017–2027

Figure 59: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Anesthesia Carts , 2017–2027

Figure 60: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Medical Computer Carts, 2017–2027

Figure 61: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 62: Canada Medical Carts Market Attractiveness Analysis By Product Type, 2017–2026 

Figure 63: Canada Medical Carts Market Share Analysis (%) By Material Type, 2017 & 2027

Figure 64: Canada Medical Carts Market Y-o-Y Growth (%) By Material Type, 2016–2027 

Figure 65: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Metal, 2017–2027

Figure 66: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Plastic, 2017–2027

Figure 67: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Wood, 2017–2027

Figure 68: Canada Medical Carts Market Attractiveness Analysis By Material Type, 2017–2026 

Figure 69: Canada Medical Carts Market Share Analysis (%) By Energy Source, 2017 & 2027

Figure 70: Canada Medical Carts Market Y-o-Y Growth (%) By Energy Source, 2016–2027 

Figure 71: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Powered, 2017–2027

Figure 72: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Non-powered, 2017–2027

Figure 73: Canada Medical Carts Market Attractiveness Analysis By Energy Source, 2017–2026 

Figure 74: Canada Medical Carts Market Share Analysis (%) By End User, 2017 & 2027

Figure 75: Canada Medical Carts Market Y-o-Y Growth (%) By End User, 2016–2027 

Figure 76: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Hospitals, 2017–2027

Figure 77: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Clinics, 2017–2027

Figure 78: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Ambulatory Surgical Centers,

 2017–2027

Figure 79: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Diagnostic Centers, 2017–2027

Figure 80: Canada Medical Carts Market Absolute $ Opportunity (US$ Mn) By Others, 2017–2027

Figure 81: Canada Medical Carts Market Attractiveness Analysis By End User, 2017–2026