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Medical Casters Market, by Product (Computer Casters, Emergency Casters, Procedure Casters, Anaesthesia Casters, Food Delivery Casters, and Medication Casters), By Geography (North America, Europe, Asia Pacific and Rest of the World) – Analysis, Share, Tr
Author:sino    Source:Sino-report    Number of clicks :     Update time:2019-03-17 14:22
The medical casters market was valued at USD 3.61 million by 2017, growing with 4.3% CAGR during the forecast period, 2018-2025
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REPORT HIGHLIGHT

The medical casters market was valued at USD 3.61 million by 2017, growing with 4.3% CAGR during the forecast period, 2018-2025

Market Dynamics

Casters are wheeled devices which are mounted on various objects for their easy rolling. Medical wheels are popularly used in health care, pharmaceutical and institution industries where there is need of unique motion control. These assemblies can move in various axis and can bear any kind of environment. For instance, caster is also suitable for washed-down areas, sterile areas or areas of corrosive elements. With a need to help medical and surgical staff, the market is expected to fuel up in the forecast period. The industrial caster has wide applications, but the primary objective of all remains the same I.e. transport items. However, the choice of suitable wheel depends on the item which needs to carry. For instance, medical equipment casters play a pivotal role in health care industry. They are used to transport patients and hence they should never fail.

Advancement in medical equipment has given birth to light weight medical appliances. But even they are light; they should be transported with utmost attention. Casters often carry extremely expensive medical equipment and hence they should support up and down rolling. It is estimated that 10% of back injuries are related with the pulling and pushing tasks. And this reason is estimated to increase the demand of caster wheel over the years.

Globally with the rise in number of hospitals and clinics, the market is expected to grow at an excellent CAGR. Caster wheels are responsible for easy mobility of patients in hospitals. However, aspects like noisy wheels and rolling resistance may hinder the market growth in future. Also the plastic material used while manufacturing may hinder its growth.

Product Takeaway

By product, the market is divided into computer, procedure, anaesthesia, emergency, food delivery, and medication casters. Emergency casters can be cleaned easily and comprise of drugs which are helpful in emergency situation like cardiac arrest. Improved mobility, light weight and enhanced ergonomics are some of the factors which has allowed emergency casters to grab maximum revenue. It has captured 35% of total revenue share globally.

Computer caster is operated by battery. Moreover, the advanced designs and changing ergonomics are anticipated to propel the demand. Vendors are trying their best to come up with easy-to-implement technologies for remaining ahead in the market.

Regional Takeaway

In 2016 North America collected the largest revenue and it is expected to rise exponentially in the coming years. Streamlined health care and presence of integrated health care IT system are some of the aspects responsible for regional dominance in the market. Companies manufacturing medical devices are emphasizing more on innovative medical carts on wheels for meeting consumers’ requirements. For this, manufacturers are coming up with products like battery operated clinical workstations, security drawers and automated dispensing systems.

Asia Pacific region is anticipated to receive lucrative growth with their focus on manufacturing cost-effective devices which can deliver high efficiency. Moreover, global players are collaborating with local vendors because of low cost labor and raw material, supporting this regional growth to great extent.

Key Vendor Takeaway

This market is fragmented in itself and comprise of various small and large scale companies. Some of the key vendors of the market are Haion Caster Industrial Limited, Colson Group, Tente, Albion, Foshan Globe Caster Limited, Xiangrong Caster Manufacturing Company, Flywheel Metalwork Ltd., Germany Blickle, and Shepherd Caster.

Companies are focusing on product innovation, mergers and acquisitions and regional expansion for gaining an edge in the market. Moreover, with the demand of advanced health care IT solutions and increase in patient care and safety, the market is estimated to fuel up in the coming years.

The market size and forecast for each segment and sub-segments has been considered as below:

  • Historical Year – 2014 & 2016
  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2025

TARGET AUDIENCE

  • Traders, Distributors, and Suppliers
  • Manufacturers
  • Government and Regional Agencies and Research Organizations
  • Consultants
  • Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

  • Computer Casters
  • Procedure Casters
  • Anaesthesia Casters
  • Emergency Casters
  • Food Delivery Casters
  • Medication Casters
  • Others

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa
    • TABLE OF CONTENT

      1. MEDICAL CASTERS MARKET OVERVIEW
      1.1. Study Scope
      1.2. Assumption and Methodology 
      2. EXECUTIVE SUMMARY
      2.1. Key Market Facts
      2.2. Geographical Scenario
      2.3. Companies in the Market
      3. MEDICAL CASTERS KEY MARKET TRENDS
      3.1. Market Drivers 
      3.1.1. Impact Analysis of Market Drivers
      3.2. Market Restraints
      3.2.1. Impact Analysis of Market Restraints
      3.3. Market Opportunities
      3.4. Market Future Trends
      4. MEDICAL CASTERS INDUSTRY STUDY
      4.1. Porter’s Analysis
      4.2. Market Attractiveness Analysis
      4.3. Regulatory Framework Analysis
      5. MEDICAL CASTERS MARKET LANDSCAPE 
      5.1. Market Share Analysis
      6. MEDICAL CASTERS MARKET – BY PRODUCT
      6.1. Overview
      6.2. Computer Casters
      6.2.1. Overview
      6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.3. Procedure Casters
      6.3.1. Overview
      6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.4. Anaesthesia Casters
      6.4.1. Overview
      6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.5. Emergency Casters
      6.5.1. Overview
      6.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.6. Food Delivery Casters
      6.6.1. Overview
      6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.7. Medication Casters
      6.7.1. Overview
      6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      6.8. Others 
      6.8.1. Overview
      6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7. MEDICAL CASTERS MARKET– BY GEOGRAPHY
      7.1. Introduction
      7.2. North America
      7.2.1. Overview
      7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.2.3. U.S.
      7.2.3.1. Overview
      7.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.2.4. Canada
      7.2.4.1. Overview
      7.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.3. Europe
      7.3.1. Overview
      7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.3.3. France
      7.3.3.1. Overview
      7.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.3.4. Germany
      7.3.4.1. Overview
      7.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.3.5. Rest of Europe
      7.3.5.1. Overview
      7.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.4. Asia Pacific
      7.4.1. Overview
      7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.4.3. China
      7.4.3.1. Overview
      7.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.4.4. India
      7.4.4.1. Overview
      7.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.4.5. Rest of APAC
      7.4.5.1. Overview
      7.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.5. Rest of the World
      7.5.1. Overview
      7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.5.3. Latin America
      7.5.3.1. Overview
      7.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      7.5.4. Middle East and Africa
      7.5.4.1. Overview
      7.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      8. KEY VENDOR ANALYSIS
      8.1. Haion Caster Industrial Limited
      8.1.1. Company Overview
      8.1.2. SWOT Analysis
      8.1.3. Key Developments
      8.2. Colson Group
      8.2.1. Company Overview
      8.2.2. SWOT Analysis
      8.2.3. Key Developments
      8.3. Tente
      8.3.1. Company Overview
      8.3.2. SWOT Analysis
      8.3.3. Key Developments
      8.4. Albion
      8.4.1. Company Overview
      8.4.2. SWOT Analysis
      8.4.3. Key Developments
      8.5. Foshan Globe Caster Limited
      8.5.1. Company Overview
      8.5.2. SWOT Analysis
      8.5.3. Key Developments
      8.6. Xiangrong Caster Manufacturing Company
      8.6.1. Company Overview
      8.6.2. SWOT Analysis
      8.6.3. Key Developments
      8.7. Flywheel Metalwork Ltd.
      8.7.1. Company Overview
      8.7.2. SWOT Analysis
      8.7.3. Key Developments
      8.8. Germany Blickle
      8.8.1. Company Overview
      8.8.2. SWOT Analysis
      8.8.3. Key Developments
      8.9. Shepherd Caster 
      8.9.1. Company Overview
      8.9.2. SWOT Analysis
      8.9.3. Key Developments
      9. 360 DEGREE ANALYSTVIEW
      10. APPENDIX
      10.1. Research Methodology
      10.2. Abbreviations
      10.3. Disclaimer
      10.4. Contact Us

      List of Tables
      Table 1 List of Acronyms
      Table 2 Key Market Facts, 2014 – 2025
      Table 3 Market Drivers: Impact Analysis
      Table 4 Market Restraint: Impact Analysis 
      Table 5 Market Opportunity: Impact Analysis 
      Table 6 PEST Analysis
      Table 7 Porter’s Five Forces Analysis
      Table 8 Company Market Share Analysis
      Table 9 Global Medical Casters Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 – 2025, (US$ Billion)
      Table 10 Medical Casters Market, by Product, 2014 – 2025 (USD Billion)
      Table 11 Medical Casters Market, by Geography, 2014 – 2025 (USD Billion)
      Table 12 North America Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 13 U.S. Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 14 Canada Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 15 Europe Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 16 France Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 17 Germany Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 18 Asia Pacific Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 19 China Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 20 India Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 21 Latin America Medical Casters Market, 2014 – 2025 (USD Billion)
      Table 22 MEA Medical Casters Market, 2014 – 2025 (USD Billion)

      List of Figures
      Figure 1 Research Methodology
      Figure 2 Research Process Flow Chart
      Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
      Figure 4 Regulatory Framework Analysis
      Figure 5 Medical Casters Market, by Product, 2014 – 2025 (USD Billion)
      Figure 6 Medical Casters Market, by Geography, 2014 – 2025 (USD Billion)

      SCOPE AND OBJECTIVES
      The objective of this report is to describe the market trends and revenue forecasts for the market for the upcoming years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends. 
      The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analysing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the market. The scope of this report covers the market by its major segments.

      KEY BENEFITS OF THE REPORT
      – The report presents macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
      – Thorough analysis of relevant statistical data to estimate the market paradigms
      – Exceptional understanding of region and country specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts, and growth specific to the countries.
      – Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments

      RESEARCH METHODOLOGY

      Research methodology is developed on a combination of specialist industry analyst knowledge and in-country research experience. We employ data interrogation methodologies to generate new and meaningful analyses and insights. The research study includes extensive use of secondary sources, paid databases (such as Bloomberg, Dun & Bradstreet, and BusinessWeek) and directories, to identify and collect information, useful to understand technical, commercial and market-oriented aspects. Market data and information are also collected (but not limited to) from the secondary sources such as:

      • Official company’s website, financial and annual reporting
      • Government statistical data
      • Online publishing articles
      • Industry player’s investor presentations
      • Economic news articles
      • National and international trade associations
      • The financial, business, and mainstream press
      • Industry study groups and semiofficial sources
      • Informative channels related to the market topics

      * Gathering data through secondary sources is only the first step. The ability to cross-refer market data through available secondary            information often conflicting across multiple sources is a key aspect of the added value we provide

      In order to verify and validate secondary market data, we engage with the Key Opinion Leaders (KoL’s), operating in the respective markets, through phone calls, emails, and web-based survey responses. This platform help us validate our data in terms of accuracy and gain insight into the current market and future expectations. Furthermore, the obtained information guide us to understand several facets of the market with respect to manufacturers and buyers’ perspectives.

      In addition, to assign weights to all the relevant market dynamics and parameters and quantify their market impact for generating projected market growth rate, we used advanced machine learning algorithms in order to collate essential market data. The machine learning method utilizes algorithms such as regression, correlation, and decision tree, among others, to derive the desired output. This tool help us in deriving highly detailed forecasts, profound knowledge of product demand, and others.

      These collected data points are carefully filtered, analyzed, compared, and presented in an easy way to develop accurate research study. Furthermore, all collected data is subjected to undergo exhaustive review process at country level, regional level, and global level.

      Market Forecast :

      Market forecast is primarily based on the year-on-year (YOY) growth rate. Data projection and future performance of each segment is analyzed based on the key aspects extracted from primary and secondary research results. Thus, data projection exhibits the assumption on how the market performs under microeconomic and macroeconomic parameters. Our market forecasting technique represents strategic conclusions which can play a crucial role for our client’s in making strategic marketing plans.

      For forecasting, the following parameters were considered:

      • Market drivers and restraints along with their current and expected impacts
      • Technological scenario and expected developments
      • Trends in the consumer behaviors
      • End-user industry trends

      We have assigned weights to above-mentioned parameters and quantified their market impacts using the weighted average analysis, to derive an expected market growth rate.

      Market Analysis

      Another integral part of our research study is that market data is accompanied by clear written analysis. We include detailed information on market segments in terms of market drivers, market restraints, and market opportunities. These offer insights on different channel dynamics, brand preference, incidence/prevalence data, consumption trend, and technology up-gradations.

      We also include supporting data from relevant awareness campaigns, new introductions, regulatory norms, government initiatives, and an industry player’s expansion in specific product segments. From research perspective, this information explains and substantiates estimated data finding and forecast.

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