Booming Healthcare Industry Propels North America Medical Carts Market, CAGR of 11.2% Foreseen by 2027 | Reveals FMI

The report, titled North America's Medical Carts Market Size Analysis and Opportunity Assessment, 2017-2027," also projects that manufacturers of medical carts are extending the product line by introducing medical carts with added features. Omnicell, Inc., Herman Miller, Inc., The Harloff Company, Capsa Solutions LLC, Medline Industries, Inc., Armstrong Medical Industries, Inc., AFC Industries, Waterloo Healthcare, TouchPoint Medical, and Ergotron, Inc. are recognised as leading manufacturers of medical carts in North America.

Rising focus on point-of-care diagnosis & treatment has led to an increase in the use of mobile computer medical carts. Computer medical carts are used to record and update a patient's electronic health records (EHR). Increased adoption of Electronic Health Records (EHR) is also observed to be an instrumental factor in the growth of North

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>America's medical carts market.

The need for streamlining workflow has necessitated the integration of information technology (IT) solutions in healthcare settings. Medical carts manufactured by companies are presently serving the essential purpose of aiding nursing operations in medical facilities. The robust healthcare infrastructure in the US will demand the adoption of advanced medical carts that not only dispense medical instruments & supplies but also have integrated IT systems. In the years to come, the demand for medical carts in North America will witness a steadfast inclination towards IT-integrated medical carts.

>Constructive Prospects for the Future of North America's Medical Carts Market

A lucrative opportunity for such prominent medical device manufacturers towards consolidating their presence in the medical carts market in North America is changing their product line in accordance with the shift in technology. Mechanical medical carts are being gradually replaced by new and enhanced technologies such as powered medical devices with battery systems, locking drawers (with a negative tilt to facilitate efficient stocking of medication), and automated medicine dispensing systems.

In addition to this, increased focus on acquisitions and collaboration among companies has helped them expand their clinical carts product portfolio and cater to the demand for efficient healthcare systems. This has boosted the need for more effective and advanced medical equipment, devices and procedures. Emerging players must keep in mind that acquisitions over the years have resulted in strengthening the positions of current market leaders.

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>Key Highlights of the Report follow,

-In 2017 and beyond, computer medical carts will remain in great demand, procuring close to 40% of the market's overall revenues towards the end of 2027
-North America's medical carts market is poised to witness the dominance of metal as base material, revenues from which will reflect a CAGR of 12.1%
-Non-powered medical carts will also be top-sellers in the market, while revenues from sales of powered medical carts are anticipated to showcase a 12.6% CAGR
-Hospitals will be the largest end-users of medical carts in North America

>Key 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

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>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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.