Market Overview:
The global medication carts market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for medication carts from hospitals, ambulatory surgical centers, physician offices or clinics, and others. Additionally, the rising prevalence of chronic diseases is also contributing to the growth of this market. On the basis of type, the global medication carts market is segmented into emergency carts, anesthesia carts, isolation/infection control carts, and others. The emergency cart segment is expected to account for a major share of this market during the forecast period owing to its growing demand from hospitals and ambulatory surgical centers. On the basis of application, this market is divided into hospitals (including general surgery wards), ambulatory surgical centers (ASCs), physician offices or clinics (POCs), and others (including long-term care facilities and home healthcare settings). Hospitals are estimated to account for a majority share in terms of revenue generated by this application segment during 2018-2030 owing to their large patient base as well as increasing number of surgeries performed annually across regions such as North America and Europe.
Product Definition:
A medication cart is a mobile storage unit used to store and dispense medications. The importance of medication carts is that they provide a secure and easily accessible way to store and dispense medications. This helps to ensure that the medications are properly stored and monitored, which can help to improve patient safety.
Emergency Carts:
Emergency carts are designed for transporting patients in an emergency situation. They are used to move a patient from the treatment area to the recovery room or from one department to another within a hospital. The growth factor for this market is increasing number of hospitals and healthcare settings adopting these systems as they provide ease of mobility and quick response in medical emergencies.
Anesthesia Carts:
Anesthesia carts are designed to carry anesthetic equipment and accessories. They are portable, easy to use, and have wheels so that they can be rolled into operation rooms or treatment areas. The basic function of these carts is to make the transfer of anesthetics easier from the stock room or pharmacy department to the patient's bedside in a hospital setting.
Application Insights:
The others segment dominated the global market in 2017 and is expected to witness significant growth over the forecast period. This segment includes diabetes treatment, chemotherapy administration, and blood glucose monitoring & testing equipment. Medication carts for diabetes are particularly useful as they help in tracking sugar levels and maintaining a log book of daily activities. These carts can also store several different types of insulin which helps patients in choosing the right one for their current needs. The isolation/infection control cart is expected to be one of the prominent segments witnessing lucrative growth during the forecast period owing to increasing incidence of hospital-acquired infections (HAIs). HAIs are majorly caused due to improper cleaning or disinfection procedures which leads to increased use of antibiotics resulting in high cost associated with these drugs.
Regional Analysis:
North America dominated the global medication carts market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced medical devices and an increasing number of hospitals are some factors driving the regional growth. Moreover, growing government initiatives to improve medication management is also expected to drive the market over the forecast period. For instance, in 2014, Medicare implemented a reimbursement policy for Medication Guides that covered 80% cost burden and required no out-of-pocket expense for patients upon discharge from an acute care hospital. This initiative improved patient compliance with medication instructions thus reducing adverse drug events (ADEs).
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to improving healthcare facilities and rising demand for quality treatment at affordable costs within this region as well as across international borders. Furthermore, economic development coupled with increased government spending on healthcare has led to improvement in health systems within this region which has further propelled growth opportunities during the forecast period (2016 To 2017).
Growth Factors:
- Increasing demand for medication carts from hospitals and clinics
- Rising number of surgical procedures requiring the use of medication carts
- Growing awareness about the benefits of using medication carts among healthcare professionals
- Technological advancements in the design and functionality of medication carts
- Increasing investments by leading players in research and development to develop new and innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Medication Carts Market Research Report
By Type
Emergency Carts, Anesthesia Carts, Isolation/Infection Control Carts, Others
By Application
Hospitals, Ambulatory Surgical Centers, Physician Offices or Clinics, Others
By Companies
Harloff, AliMed, Armstrong Medical, BAILIDA, LaPastilla, Lakeside Healthcare, Waterloo Healthcare, Metro
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Medication Carts Market Report Segments:
The global Medication Carts market is segmented on the basis of:
Types
Emergency Carts, Anesthesia Carts, Isolation/Infection Control Carts, Others
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, Physician Offices or Clinics, 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:
- Harloff
- AliMed
- Armstrong Medical
- BAILIDA
- LaPastilla
- Lakeside Healthcare
- Waterloo Healthcare
- Metro
Highlights of The Medication Carts 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:
- Emergency Carts
- Anesthesia Carts
- Isolation/Infection Control Carts
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Physician Offices or Clinics
- 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 Medication Carts 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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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?
Medication carts are a type of medical equipment used to store and dispense medications. They typically have compartments for different types of medication, a drawer for storage, and a locking system to keep the medications safe.
Some of the key players operating in the medication carts market are Harloff, AliMed, Armstrong Medical, BAILIDA, LaPastilla, Lakeside Healthcare, Waterloo Healthcare, Metro.
The medication carts market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medication Carts 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 Medication Carts Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medication Carts 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 Medication Carts 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 Medication Carts Market Size & Forecast, 2020-2028
4.5.1 Medication Carts Market Size and Y-o-Y Growth
4.5.2 Medication Carts 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 Emergency Carts
5.2.2 Anesthesia Carts
5.2.3 Isolation/Infection Control Carts
5.2.4 Others
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 Physician Offices or Clinics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medication Carts 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 Medication Carts 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 Emergency Carts
9.6.2 Anesthesia Carts
9.6.3 Isolation/Infection Control Carts
9.6.4 Others
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 Physician Offices or Clinics
9.10.4 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 Emergency Carts
10.6.2 Anesthesia Carts
10.6.3 Isolation/Infection Control Carts
10.6.4 Others
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 Physician Offices or Clinics
10.10.4 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 Emergency Carts
11.6.2 Anesthesia Carts
11.6.3 Isolation/Infection Control Carts
11.6.4 Others
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 Physician Offices or Clinics
11.10.4 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 Emergency Carts
12.6.2 Anesthesia Carts
12.6.3 Isolation/Infection Control Carts
12.6.4 Others
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 Physician Offices or Clinics
12.10.4 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 Emergency Carts
13.6.2 Anesthesia Carts
13.6.3 Isolation/Infection Control Carts
13.6.4 Others
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 Physician Offices or Clinics
13.10.4 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 Medication Carts Market: Competitive Dashboard
14.2 Global Medication Carts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Harloff
14.3.2 AliMed
14.3.3 Armstrong Medical
14.3.4 BAILIDA
14.3.5 LaPastilla
14.3.6 Lakeside Healthcare
14.3.7 Waterloo Healthcare
14.3.8 Metro
