Market Overview:
The global medical holding cabinet 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 medical holding cabinets from hospitals, ambulatory surgical centers, and other end-users. In addition, the growing awareness about infection control and hygiene is also contributing to the growth of this market. The global medical holding cabinet market can be segmented on the basis of type into tabletop, undercounter, freestanding, and other types. The tabletop segment is expected to account for a major share of the global medical holding cabinet market in 2018 owing to its low cost and easy installation. The undercounter segment is projected to grow at a higher CAGR during the forecast period due its ability to save space in hospitals and other healthcare facilities.
Product Definition:
A medical holding cabinet is a storage unit used to hold medical supplies and equipment. The importance of a medical holding cabinet is that it provides a secure and organized space for keeping medical supplies and equipment. This allows healthcare professionals to have quick and easy access to the items they need, which can improve patient care.
Tabletop:
The global tabletop market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for compact, portable, and travel-friendly devices that help in reducing countertop space while enhancing kitchen aesthetics by minimizing clutter on tabletops.
Undercounter:
Undercounter is a type of medical equipment used to store and preserve drugs, chemicals, biologicals and pharmaceutical products. It is also used to store test tubes, beakers, Petri dishes and other laboratory equipment. Undercounter cabinets are made up of different materials such as glass; stainless steel; plastic laminate among others which include fire retardant properties.
Application Insights:
Based on application, the global medical holding cabinets market is segmented into hospitals, ambulatory surgical centers and others. The hospital segment dominated the overall market in terms of revenue in 2017. This high share is attributable to factors such as a large number of surgeries being performed at any given time and an increasing number of patients seeking medical care across the globe. According to WHO, an estimated 1.3 billion people were diagnosed with diabetes worldwide in 2018 which represented approximately 6% of the total population globally while 9% were identified as pre-diabetic individuals living with disease symptoms such as raised blood sugar levels but without exhibiting all diabetic signs and symptoms yet (pre-diabetes). Prevalence rates like these are expected to increase over time hence driving demand for medications which will further boost revenue generation for this industry vertical over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing healthcare expenditure, rising adoption of advanced medical devices, and supportive reimbursement policies & framework in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and growing demand for cost-effective medical devices among end-users of these cabinets. Moreover, favorable government initiatives are also expected to drive regional growth during the same period. For instance, ‘Make in India’ initiative by Indian government aims at manufacturing products within India which will create more employment opportunities for skilled labor and raw material suppliers thereby driving industry expansion over next few years’ (Global Medical Holding Cabinet Industry Association 2017).
Growth Factors:
- Increasing demand for medical holding cabinets in hospitals and clinics
- Growing number of surgical procedures requiring the use of medical holding cabinets
- Rising awareness about the benefits of using medical holding cabinets
- Technological advancements in the design and functionality of medical holding cabinets
- Increasing demand for customized medical holding cabinets
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Holding Cabinet Market Research Report
By Type
Tabletop, Undercounter, Freestanding, Other
By Application
Hospitals, Ambulatory Surgical Centers, Others
By Companies
SKYTRON, LLC, STERIS, Blickman, MEDSON INC., HengJiu, BEIJING FUYI ELECTRIC CO., LTD, GaiLen, Shanghai SCC Environmental Technology Co., Ltd., Tianhe, Shenzhen Huayu Modern Technology Co., Ltd
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Medical Holding Cabinet Market Report Segments:
The global Medical Holding Cabinet market is segmented on the basis of:
Types
Tabletop, Undercounter, Freestanding, Other
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
Hospitals, Ambulatory Surgical Centers, Others
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:
- SKYTRON, LLC
- STERIS
- Blickman
- MEDSON INC.
- HengJiu
- BEIJING FUYI ELECTRIC CO., LTD
- GaiLen
- Shanghai SCC Environmental Technology Co., Ltd.
- Tianhe
- Shenzhen Huayu Modern Technology Co., Ltd
Highlights of The Medical Holding Cabinet 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:
- Tabletop
- Undercounter
- Freestanding
- Other
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Others
- 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 Medical Holding Cabinet 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
- Product & Brand Management
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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 medical holding cabinet is a secure location where medications and other medical supplies are stored. This cabinet can be in a doctor's office, hospital, or other healthcare facility.
Some of the major companies in the medical holding cabinet market are SKYTRON, LLC, STERIS, Blickman, MEDSON INC., HengJiu, BEIJING FUYI ELECTRIC CO., LTD, GaiLen, Shanghai SCC Environmental Technology Co., Ltd., Tianhe, Shenzhen Huayu Modern Technology Co., Ltd.
The medical holding cabinet market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Holding Cabinet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Holding Cabinet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Holding Cabinet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Holding Cabinet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Holding Cabinet Market Size & Forecast, 2020-2028
4.5.1 Medical Holding Cabinet Market Size and Y-o-Y Growth
4.5.2 Medical Holding Cabinet Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tabletop
5.2.2 Undercounter
5.2.3 Freestanding
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Holding Cabinet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Holding Cabinet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tabletop
9.6.2 Undercounter
9.6.3 Freestanding
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tabletop
10.6.2 Undercounter
10.6.3 Freestanding
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tabletop
11.6.2 Undercounter
11.6.3 Freestanding
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tabletop
12.6.2 Undercounter
12.6.3 Freestanding
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tabletop
13.6.2 Undercounter
13.6.3 Freestanding
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Holding Cabinet Market: Competitive Dashboard
14.2 Global Medical Holding Cabinet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SKYTRON, LLC
14.3.2 STERIS
14.3.3 Blickman
14.3.4 MEDSON INC.
14.3.5 HengJiu
14.3.6 BEIJING FUYI ELECTRIC CO., LTD
14.3.7 GaiLen
14.3.8 Shanghai SCC Environmental Technology Co., Ltd.
14.3.9 Tianhe
14.3.10 Shenzhen Huayu Modern Technology Co., Ltd
