Medical carts Market share forecast to witness considerable growth from 2018 to 2026
Medical carts are defined as a trolley used to carry all the medical equipment while operating or treating patients. It holds cabinets with drawers and trays, which are used for various procedures such as surgical, medical, and therapeutic modalities. These carts are widely used in hospitals, clinics, and others for keeping drugs, equipment, medical tools, and medical devices. These carts save valuable time and efforts of healthcare professionals involved in repetitive rounds for medication planning and tedious patient data recording through easy treatment plan and medication management.
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Rising cases of various medical emergencies, trauma, and other chronic and acute diseases are increasing the number of patients’ visit in hospitals and eventually driving growth of the Medical Carts Market size. Increasing number of trauma associated with road accidents and other causes is expected to propel demand for emergency medical carts. For instance, according to Global Burden of Disease report published by Lancet in 2015, road injuries is one of the leading cause amongst 20 causes of disease burden worldwide.
Increasing Application of Medical Carts in Hospitals is expected to drive the Medical Carts Market Revenue
Medical cart is majorly used at hospitals as it can provide clinicians with significant workflow benefits. Increasing adoption of electronic health record (EHR) coupled with demand for real-time electronic data access and entry at the patients’ bedside are the other important factors, which are expected to drive growth of the medical carts market. Mobile medical carts provide means to transport sophisticated videoconferencing equipment to the patients’ bedside, allowing physicians to conduct thorough examinations remotely.
Moreover, medical carts provide a convenient way to bring computer-based patient education program (such as videos, games, and reference material) to bedside. Therefore, technological advancements in mobile carts can meet the needs of multiple applications, and further aid healthcare facilities, patients, and clinicians.
Medical Cart Market – Restraints
Stringent government regulation and technological limitations in developing new carts can hamper growth of the medical carts market during the forecast period. Medical carts device falls under International Electrotechnical Commission (IEC) 60601-1 risk management testing and therefore, should be tested thoroughly to meet all FDA regulations.
In December 2016, FDA notified healthcare providers across the U.S. that their mobile medical carts may be a fire hazard. Lithium and lead acid batteries used in crash carts, medication dispensing carts, and other carts used for point-of-care services, barcode scanning, and patient monitoring can overheat, produce dangerous smoke, catch fire or even explode. Therefore, manufacturers are required to meet all the FDA norms and policies before launching or marketing new products. These factors might be a restrain in growth of the medical carts market.
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Medical Carts Market – Competitive Landscape
Key players operating in the global medical cart market include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical. Manufacturers are focusing on designing medical carts with precision to ensure efficiency and convenience. Some industry players provide customized medical carts depending on the organization’s needs.