05 Oct 2018 – Global Medical Disposables Market is expected to reach USD 329.9 billion by 2024.
Medical disposables are the medical apparatus that rendered for temporary or one-time use like surgical sponges, gloves, syringes, hypodermic needles, and others; after which they are disposed as solid waste.
The Medical Disposables Market is estimated to grow at a significant CAGR of 6.5% over the forecast period as the scope and its applications are rising enormously across the globe.
Growing occurrence of chronic diseases, high demand for enhanced healthcare facilities, increasing geriatric population, and government initiatives for improvement of quality of patient care are documented as major factors of Medical Disposable Market that are estimated to enhance the growth in the years to come.
The North America medical carts market is expected to increase at a y-o-y growth rate of over 11.2% and reach US$ 597.3 Mn in revenues in 2017. The U.S. occupies significant market share and collectively accounts for nearly 90.7% revenue share of the market in 2017. Medical computer carts are widely adopted as it reduces the medication error and contributes to patient safety are favouring the growth of the market over the forecast period. Cost-effective and economically designed medical carts are further boosting the growth of the medical carts market. Product launches by various companies and technology advancements in North America is projected to play an important role in driving growth of medical carts market. However, safety issues with medical carts, availability of advanced products will continue to pose challenges for growth of the market
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The global medical carts market is expected to increase at a CAGR of 15.1% in terms of revenues during the forecast period 2026. The U.S. will continue to be the lead the market during the forecast period . On the basis of product type, computer medical carts is projected to outsell other product types. The computer medical carts is expected to surpass US$ 187.3 Mn in revenues in 2017, up from nearly US$ 169.8 Mn in 2016. The growth of the computer medical carts market is mainly attributed to integration of information technology in healthcare.
Medical carts that are made up of metal will have major market share followed by plastic and wood. Owing to its physical properties such as strength and enhanced corrosion resistance properties are expected to boost the market over the forecast period.
Non-powered segment will remain the largest segment by energy source, accounting for over 68.6% revenue share of the market in 2017. Powered segment is expected to grow with a high CAGR of 12.6% globally due to technological innovations.
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North America Medical Carts Market Revenues to Grow by Over 11.2% in 2017 to Reach US$ 597.3 Mn in Revenues: RRI Report
Hospitals will remain the prominent end-users of the global medical carts, followed by diagnostic centers. Increase in hospitalisation and rise in aging population is expected to dominate the market over the forecast period. Favorable government policies and increase in medicare expenditure in both ambulatory surgical centers and hospitals will continue to have a positive impact on medical carts market in the U.S. market. The demand for medical carts in Canada market is expected to grow with a CAGR of 10.1% during the forecast period.
Key Players:
Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Solutions LLC, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical and AFC industries Inc, .Medline Industries, Inc., and Omnicell, Inc., are involved in acqusitions and collaborations with distributors to expand their product reach. Recently, TouchPoint Medical, started new business platform for mobile computing medical carts and automated dispensing medicine units.
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According to the latest report by IMARC Group “United States Sports Medicine Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, The United States sports medicine market is currently witnessing moderate growth.Sports medicine is the branch of medicine that deals with the treatment of sports-related injuries, such as sprains, strains, fractures, exercise-related asthma, and cartilage and disc injuries.
It includes rehabilitation, primary care, wellness promotion, therapeutic intervention, injury and illness prevention, and emergency care.
As a result, it provides comprehensive medical care to athletes to improve their overall health and performances while ensuring their fast recovery from sports and exercise-related injuries.Market Trends:The market in the United States (US) is primarily driven by the rising health-consciousness among individuals, which has led to the increased participation in sports-related activities.
Along with this, continual technological advancements across the country are positively influencing market growth.
For instance, the increasing deployment of virtual reality (VR), augmented reality (AR) technologies, anti-gravity treadmill, and compression and elevation (PRICE) therapy in the field of sports medicine is creating a positive outlook for the market.
Some of the other factors contributing to the market growth include the rising preference for minimally invasive (MI) procedures among athletes and the presence of multiple opportunities in the field of sports in terms of scholarships and corporate funding.Request for a free sample copy of this report: https://www.imarcgroup.com/united-states-sports-medicine-market/requestsampleWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.
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USMLE Test StepsUSMLE is short for the United States Medical Licensing Examination.
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