Manufacturers Rely on Development of New Materials to Excel in Back Table and Cart Covers Market
Growing patient pool for minimally-invasive surgeries is projected to stimulate the growth of the back table and cart covers market. This, despite volatility in raw material prices in parallel to regulatory concerns regarding the disposal of medical waste. Increase in awareness about hospital-acquired infections (HAIs) and surgical site infections (SSIs) is necessitating the adoption of back table and cart covers, thereby creating long-term supply opportunities for market players.
Sensing continuous rise in demand, players in the back table and cart covers market are striving to incorporate new technologies for the development of breathable and anti-fungal materials, which is discussed at length in an exclusive study published by Fact.MR. The study estimates that, the back table and cart covers market is projected to grow by 2.6% in 2020 over 2019.
Increasing Emphasis on Medical Waste Management to Unlock New Opportunities for Manufacturers
The trend of following environmentally-benign processes is fast-penetrating the healthcare industry, as regulatory propositions regarding the disposal of bio-hazardous waste produced by hospitals, clinics, and ambulatory surgical centres are growing as a paramount concern. Numerous health authorities are launching campaigns to increase awareness about the proper disposal of medical waste. For instance, Health Care Without Harm (HCWH) conducts programs to disseminate information about medical waste management and disposal of toxic components.
Going the extra mile, InterVol, an NGO operating in New York, collects used healthcare supplies and encourages healthcare institutions to foster the recycling of used materials. Such initiatives are, in turn, pushing healthcare professionals to increase investments for the development of reusable back table and cart covers to recycle raw materials, reduce disposal costs, and shrink carbon footprints.
Though currently, reusable covers account for a relatively lean market share than disposable ones, long-term payback will remain an attractive feature for end users, which will create ample sales opportunities for players in the back table and cart covers market. Reusable covers are projected to account for 24% share of the back table and cart covers market by 2027, while disposable covers are likely to witness a decreased share around the same period.
Sales of Back Table and Cart Covers to Remain Significantly Driven by Hospitals and Diagnostic Centres
Government initiatives, especially in developed regions such as Europe and North America, taken towards bringing in advancements in the extant healthcare infrastructure, are, in turn, reflecting on the increasing number of hospitals. These institutions remain primary healthcare facilities for consultations and surgeries. On account of this, hospitals are projected to drive significant demand for back table and cart covers during the forecast period. Yet another key end user for the back table and cart covers market is ambulatory surgical centres, which are gaining prominence on the back of same-day discharge and relatively short duration of stay.
Besides this, academic and research institutes are estimated to account for 18% of the total share of the back tables and cart covers market. Ongoing research & development activities to improve healthcare offerings are likely to uphold the demand for back table and cart covers in these institutions to reduce the instances of infections.
Germany to Lead Growth of European Back Table and Cart Covers Market
Regarding hygiene, the healthcare infrastructure of Europe surpasses that offered by North American facilities, which is attributable to the high level of awareness among patients and healthcare providers equally. In 2018, a study published by the European Centre for Disease Prevention and Control served as an eye-opener for the healthcare industry. According to statistics, around 33,000 people die from infections, among which, nearly 75% of people are detected with HAIs, owing to lack of proper infection prevention measures in hospitals and ASCs. Increase in actions taken by hospitals and surgical centres in the region is rendering strength to the European back table and cart covers market.
In Europe, Germany will remain a key back table and cart covers market, on account of high-quality healthcare in tandem with centralized health insurance plans that influence patients to avail healthcare services. The emergence of on-demand healthcare services is reducing wait times and mounting the number of surgeries, which implies strong future growth opportunities for players in the back table and cart covers market during the forecast period.
Back Table and Cart Covers Market – Scope of the Study
Fact.MR, in its exclusive research report on the back table and cart covers market, highlights actionable insights and winning imperatives for stakeholders. This comprehensive study unfolds rare and distinguished intelligence regarding impactful dynamics, which directly or indirectly influence the growth of the back table and cart covers market during the forecast period (2020-2027). With the help of crucial insights discussed in this study, stakeholders will gain a thorough idea regarding the growth trajectory of the back table and cart covers market.
This comprehensive study offers incisive data regarding the drivers, threats, restraints, and opportunities present in the back table and cart covers market. The study also recalibrates the impact of each of these dynamics to estimate the size of the back table and cart covers market for the given period. Authors of the report have taken ample care to measure and include the relevance and impact of microeconomic as well as macroeconomic factors that hold potential to influence the growth of the back table and cart covers market during the forecast period.
The global study on the back table and cart covers market includes Porter’s Five Forces analysis, in order to present the buyer’s and supplier’s power in the back table and cart covers landscape. In addition, the analysis also discusses the threat of substitutes and new entrants, which provides a brief idea regarding the future growth course of the back table and cart covers market.
The global study offers crucial information about global, regional, and local players operating in the back table and cart covers market, along with their estimated market share. Market share has been estimated in terms of value (US$ Mn). Besides providing key information regarding the concentration of leading, prominent, and local players, the study also aims at equipping stakeholders with the best of information regarding winning strategies, recent developments, and financials.
Back Table and Cart Covers Market – Assessment of Key Segments
With an aim to offer granular level insights into the back table and cart covers market, authors of the report have segmented the landscape on the basis of product, usage, end user, and region. This global research report also analysis the incremental opportunity available in the back table and cart covers market during the forecast period. Key segments of the back table and cart covers market include:
|
Product |
Usage |
End User |
Region |
|
Back Table and Covers |
Reusable Covers |
Hospitals & Diagnostic Centers |
North America |
|
Cart Covers |
Disposable Covers |
Academic & Research Institutes |
Europe |
|
|
|
Others |
Asia Pacific |
|
|
|
|
Latin America |
|
|
|
|
Middle East & Africa |
This detailed guide, based on the latest market movement, ensures that only precise information reaches stakeholders, so as to help them gain an upper hand over their competitors in the global back table and cart covers market. This exclusive guide offers crucial information about the current trends, future scope, and government regulations for the back table and cart covers market.
This comprehensive study also contains detailed insights of the players present in the back table and cart covers market, which include Ansell Healthcare, Inc., 3M, TIDI Products, LLC, Cardinal Health, Lac-Mac Limited, Medicine Industries, Inc., David Scott Company, Medline Industries, Inc., Halyard Health, and SW Med-Source.
Back Table and Cart Covers Market – Research Methodology
Research undertaken by seasoned analysts at Fact.MR consists of a systematic approach. A combination of the bottom-up and top-down approach is leveraged to estimate the size of the back table and cart covers market. Besides this, primary and secondary researches are carried out through credible sources to gain crucial insights into the back table and cart covers market. For conducting primary research, interviews and discussions were carried out with industry experts, key opinion leaders, vendors, and distributors.
Besides these, respondents also include CEOs, presidents, directors, chairmen, vice presidents, marketing managers, suppliers, distributors, and chief medical officers, among others. This helps in assessing the demand-supply gap prevailing in the back table and cart covers market. In order to conduct secondary research, marketing collaterals, company websites, industry associations, and government statistics were studied. In addition to this, reports as well as content pieces published by credible sources, such as company annual reports, investor presentations, and SEC-filings were studied.
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Back Table and Cart Covers Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2027