About Medical Trolley
Leading manufacturers are focusing on manufacturing improved and specialized versions of medical trolleys, which will help to boost global medical trolley market. A medical trolley is a wheeled cupboard with drawers and trays that are used in numerous surgical, medical, and therapeutic modalities. These trolleys are extensively used across hospitals and clinical settings to keep tools, drugs, equipment, and medical devices for the treatment. Asia-Pacific has observed the highest growth rate for medical trolley during the estimated period. This is credited to increase in sizeable population, healthcare infrastructural development, rise in the incidence of diseases and injuries, and huge market potential, due to the arrival of new and robust trolley by key players focusing on the emerging markets.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 12.4% |
The medical trolley market is fragmented due to the presence of several market player. Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Trolley market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ergotron (United States), Capsa Solutions (United States), InterMetro Industries Corporation (A Part of Ali Group) (United States), Harloff Company (Harloff Manufacturing Co.), Armstrong Medical (United States), Omnicell Inc. (United States), Medline Industries Inc. (United States), ITD GmbH (Germany), Midmark Corporation (United States) and The Bergmann Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Life-Medic HealthCare Supplies Pte Ltd. (Singapore), Herman Miller, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Trolley market by Type (Anesthetic Trolleys, Isolation Trolleys, Oxygen Trolleys, Storage Trolleys and Others) and Region.
On the basis of Type, Anesthetic Trolleys are dominating the market in the year 2023 where as Oxygen Trolleys stood as second largest market share.
On the basis of application, Hospitals segment is dominating the market in the year 2023On the basis of geography, the market of Medical Trolley has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Medical Trolley market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Medical Trolley market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Spending By Hospitals to Improve Their Medical Facilities and High Adoption Due Development in Advanced Technologies, Such As Telemedicine
Market Growth Drivers:
Growing Need of Quick As Well As Easy Accessibility To Medical Supplies and Rising Focus of Patient Safety
Challenges:
High Maintenance of Medical Trolleys That Needs Regular Sterilization
Restraints:
High Cost of Customized Trolleys and Lack of Funding By Hospital
Opportunities:
Growth in Healthcare Expenditure in Developing Countries and Huge Demand of Trolleys with Various Features
Market Leaders and their expansionary development strategies
In July 2023, Capsa Healthcare, a leading provider of healthcare workflow solutions, announced the acquisition of MASS Medical Storage, a prominent manufacturer of high-quality medical storage and endoscope cabinet drying systems. The strategic acquisition strengthens Capsa Healthcare’s global position as a premier provider of innovative and efficient workflow solutions for hospitals, clinics, and surgery centers.
In August 2022, Tryten Technologies, a designer and manufacturer of lightweight, versatile, and easy-to-maneuver mobile medical cart solutions, has launched a new website and rebranded products to reflect a unified line of evolving medical cart solutions.
Key Target Audience
Medical trolley Manufacturers, Traders and Distributors of Automotive Pressure Sensors, Raw Material Suppliers, Transport Authorities, Research Institutes, Industry Associations, Market Research and Consulting Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.