Market Overview:
The global drug cabinets market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for safe and secure storage of drugs and pharmaceuticals. In addition, the growing awareness about hygiene and infection control is also driving the growth of this market. Based on type, the global drug cabinets market can be segmented into tall drug cabinets, wall drug cabinets, base drug cabinets, and bench mounted drug cabinets. Tall Drug Cabinets are projected to lead the global Drug Cabinets Market with a share of more than 50% by 2030 end due their high utilization in hospitals as they provide ample storage space for large number of drugs & medical supplies as compared to other types available in the market.
Product Definition:
A Drug Cabinet is a storage cabinet specifically designed to store drugs and other medical supplies. They are typically made of metal or wood and have locking doors to ensure the safety of the supplies inside. Drug cabinets are important for several reasons. First, they protect medications from being accessed by unauthorized individuals. Second, they keep medications organized and easy to find when they are needed.
Tall Drug Cabinets:
Tall drug cabinets or sometimes called as unitaskle drug cabinets, are specifically designed for the storage of medicines and other healthcare products. They are available in different sizes and have doors that can be adjusted as per requirement. These tall drug cabinets have gained popularity owing to their ability to store a large number of drugs along with other medical supplies at the same time.
Wall Drug Cabinets:
Wall drug cabinets are used in the medical industry to store and preserve medicines, which are not required to be refrigerated. These wall mounted cabinets have doors that swing out from the body of the unit and can be loaded or unloaded through these doors. They come with adjustable shelves inside the cabinet itself, which provide extra storage space as per requirement.
Application Insights:
Based on the application, the global market has been segmented into hospital, clinic, and drug store. The hospital segment dominated the overall market in terms of revenue in 2017. This is attributed to a high number of hospitals and clinics across developing countries that require advanced medical equipment for handling emergency cases. Moreover, an increasing number of patients suffering from chronic diseases or injuries at hospitals will drive demand for these cabinets over the forecast period.
The clinic segment is expected to witness significant growth over the forecast period owing to growing awareness about various treatments among general public coupled with rising incidences of accidents and trauma cases requiring advanced medical care at clinics around the world. Increasing utilization of diagnostic imaging equipment such as x-ray machines also plays a major role in driving demand for these cabinets at clinics worldwide due to their compactness and ease of installation compared to those used in hospitals.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for efficient treatment procedures are some factors driving the regional market. Moreover, rising government initiatives to improve healthcare facilities is expected to fuel industry growth over the forecast period. For instance, according to statistics published by Association of American Medical Colleges in 2016, there was a shortage of around 95000 physicians in U.S., which will grow up to 115000 by 2020 if something isn’t done about it soon.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure and growing awareness regarding advanced treatments among patients located at various income levels across countries such as China and India as well as other Southeast Asian nations such as Singapore and Malaysia.
Growth Factors:
- Increasing demand for safe and secure storage of drugs and pharmaceuticals
- Growing number of hospitals, clinics, and pharmacies
- Rising awareness about the benefits of using drug cabinets
- Technological advancements in the design and construction of drug cabinets
- Government initiatives to promote safe storage of drugs
Scope Of The Report
Report Attributes
Report Details
Report Title
Drug Cabinets Market Research Report
By Type
Tall Drug Cabinets, Wall Drug Cabinets, Base Drug Cabinets, Bench Mounted Drug Cabinets
By Application
Hospital, Clinic, Drug Store
By Companies
Stirling Medical, Sunflower Medical, Houzz, Ketcham Medicine Cabinets, Denward, Bellacor, HEC Showman Ltd, Metro, NorVap Medical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Drug Cabinets Market Report Segments:
The global Drug Cabinets market is segmented on the basis of:
Types
Tall Drug Cabinets, Wall Drug Cabinets, Base Drug Cabinets, Bench Mounted Drug Cabinets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Drug Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Stirling Medical
- Sunflower Medical
- Houzz
- Ketcham Medicine Cabinets
- Denward
- Bellacor
- HEC Showman Ltd
- Metro
- NorVap Medical
Highlights of The Drug Cabinets Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tall Drug Cabinets
- Wall Drug Cabinets
- Base Drug Cabinets
- Bench Mounted Drug Cabinets
- By Application:
- Hospital
- Clinic
- Drug Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drug Cabinets Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A drug cabinet is a small, locked room in a hospital or clinic where medications are stored. These cabinets are usually located near the patient's bed.
Some of the major companies in the drug cabinets market are Stirling Medical, Sunflower Medical, Houzz, Ketcham Medicine Cabinets, Denward, Bellacor, HEC Showman Ltd, Metro, NorVap Medical.
The drug cabinets market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Drug Cabinets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Drug Cabinets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Drug Cabinets Market - Supply Chain
4.5. Global Drug Cabinets Market Forecast
4.5.1. Drug Cabinets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Drug Cabinets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Drug Cabinets Market Absolute $ Opportunity
5. Global Drug Cabinets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Drug Cabinets Market Size and Volume Forecast by Type
5.3.1. Tall Drug Cabinets
5.3.2. Wall Drug Cabinets
5.3.3. Base Drug Cabinets
5.3.4. Bench Mounted Drug Cabinets
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Drug Cabinets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Drug Cabinets Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Drug Store
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Drug Cabinets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Drug Cabinets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Drug Cabinets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Drug Cabinets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Drug Cabinets Demand Share Forecast, 2019-2026
9. North America Drug Cabinets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Drug Cabinets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Drug Cabinets Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Drug Store
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Drug Cabinets Market Size and Volume Forecast by Type
9.7.1. Tall Drug Cabinets
9.7.2. Wall Drug Cabinets
9.7.3. Base Drug Cabinets
9.7.4. Bench Mounted Drug Cabinets
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Drug Cabinets Demand Share Forecast, 2019-2026
10. Latin America Drug Cabinets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Drug Cabinets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Drug Cabinets Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Drug Store
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Drug Cabinets Market Size and Volume Forecast by Type
10.7.1. Tall Drug Cabinets
10.7.2. Wall Drug Cabinets
10.7.3. Base Drug Cabinets
10.7.4. Bench Mounted Drug Cabinets
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Drug Cabinets Demand Share Forecast, 2019-2026
11. Europe Drug Cabinets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Drug Cabinets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Drug Cabinets Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Drug Store
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Drug Cabinets Market Size and Volume Forecast by Type
11.7.1. Tall Drug Cabinets
11.7.2. Wall Drug Cabinets
11.7.3. Base Drug Cabinets
11.7.4. Bench Mounted Drug Cabinets
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Drug Cabinets Demand Share, 2019-2026
12. Asia Pacific Drug Cabinets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Drug Cabinets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Drug Cabinets Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Drug Store
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Drug Cabinets Market Size and Volume Forecast by Type
12.7.1. Tall Drug Cabinets
12.7.2. Wall Drug Cabinets
12.7.3. Base Drug Cabinets
12.7.4. Bench Mounted Drug Cabinets
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Drug Cabinets Demand Share, 2019-2026
13. Middle East & Africa Drug Cabinets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Drug Cabinets Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Drug Cabinets Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Drug Store
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Drug Cabinets Market Size and Volume Forecast by Type
13.7.1. Tall Drug Cabinets
13.7.2. Wall Drug Cabinets
13.7.3. Base Drug Cabinets
13.7.4. Bench Mounted Drug Cabinets
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Drug Cabinets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Drug Cabinets Market: Market Share Analysis
14.2. Drug Cabinets Distributors and Customers
14.3. Drug Cabinets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Stirling Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sunflower Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Houzz
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ketcham Medicine Cabinets
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Denward
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bellacor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HEC Showman Ltd
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Metro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NorVap Medical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
