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Medical Carts Market in Asia-Pacific to Reach Valuation of $555 million by 2022 | Capsa Solutions LLC, Chang Gung Medical Technology Co., Ltd
Asia-Pacific Medical Carts Market
The Asia-Pacific medical carts market was valued at $224 million in 2015 and anticipated to reach $555 million by 2022, growing at a CAGR of 13.7%.
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COVID-19 scenario-
1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Medical computer carts are devices utilized by the medical staff to check electronic health records and electronic medical records (EMRs), distribute drugs, and offer nursing education. These carts consist of features and workflow solutions to assist with daily tasks pertaining to patient safety and care. Increase in adoption of EMR systems & mobile carts and high requirement for mobile computer carts in critical surgical procedures are expected to supplement the market growth. However, the high cost of medical carts and low awareness regarding the potential benefits of these carts, especially in developing economies, may impede this growth. Conversely, surge in healthcare expenditure and increased set up of new specialized hospitals across the globe are expected to present profitable opportunities for market expansion.
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In 2015, in terms of volume, the emergency carts segment accounted for over two-fifths share followed by procedure carts. The emergency carts segment is expected to dominate the Asia-Pacific medical carts market throughout the forecast period, both in terms of value and volume.
The emergency carts are critical in providing utmost and immediate patient care even in adverse situations.
China dominated the Asia-Pacific medical carts market in 2015, accounting for more than one-third market share, and is projected to continue this trend in the future. China generated the maximum revenue in 2015 and is projected to be the fastest growing country throughout the analysis period, at a CAGR of 16.4%. This is attributed to its high geriatric population that requires medical procedures and the rise in demand for medical carts required for this purpose. Besides, improvement in health care expenditure further supplements the sale of medical carts in China. However, Japan utilized 180 thousand unit carts in 2015 and is anticipated to be a lucrative market opportunity as the Japanese health care expenditure is anticipated to surge by an average of 3% during 2014-18.
The key players in the medical carts market are focused on expanding their business operations in the fast-growing emerging countries with new product launches as a preferred strategy.
To know more about the report, visit the website at @ https://www.alliedmarketresearch.com/asia-pacific-medical-carts-market
The Major key players profiled Are:
• Omnicell, Inc.
• Hanlim Medical Equipment Co., Ltd.
• Ruilang Medical Equipment Co., Ltd
• Capsa Solutions LLC
• Chang Gung Medical Technology Co., Ltd
• ITD Medical Technology Products Co., Ltd.
• Lifemedic Health care Supplies Pte Ltd
• Midmark Corporation
• Nortek, Inc.
• Zhangjiagang Medi Medical Equipment Co., Ltd.
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