Valley Cottage, NY -- (SBWire) -- 10/27/2020 --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.
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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
Hospitals
Clinics
Ambulatory Surgical Centres
Diagnostic Centres
Others
By Region
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA
By Material Type
Metal
Plastic
Wood
By Energy Source
Powered
Non-Powered (Mechanical)
By Product Type
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.
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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.
Future Market Insights Presents North America Medical Carts Market Growth Projections in a Revised Study Based on COVID-19 Impact
Future Market Insights has announced the addition of the "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" report to their offering.