In terms of revenue, the Global Medical Carts Market is expected to reach USD 5.2 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 16.20% from 2022 to 2028.
Increasing demand for quick and simple access to medical supplies, attention to patient safety and nursing efficiency, and developments in advanced technologies like telemedicine drive the growth of the Medical Carts Market. In addition, the increasing number of healthcare institutions and the increase in healthcare burden imposing the technical breakthroughs & innovations are other aspects driving the Global Medical Carts Market.
Medical Carts are designed to offer the highest storage capacity with safety, have durable and handy construction, and provide easy mobility. They are used in almost every department of healthcare facilities, surgical wards, general wards, and intensive care units. Medical Carts facilitate hospitals to keep all of their medical supplies precisely organized. Medical supplies and medications are stored & transported in healthcare facilities through Medical Carts, both of which are strong and lightweight. Different Medical Carts are available and designed according to their uses in healthcare facilities. Medical Carts are mainly devices that improve patient safety with their instant patient care capabilities.
Key Highlights from Report:
· In terms of End Users, the global market of Medical Carts is segmented into clinics, hospitals, and others. Among these, the Hospital market segment dominates the overall market with maximum CAGR.This is due to the high number of hospitals, the high number of hospitalizations due to several chronic and acute medical disorders and increasing surgical procedures, and the escalating number of new hospitals in emerging nations.
· By region, North America held the most significant market share in 2021 and is expected to be the most gainful market during the forecast period. The considerable expansion && is among the key factors that propel the demand for the North America Medical Carts Market.
The expansion of the Medical Carts industry around the world can be attributed to important aspects such as the growing emphasis placed on the safety of patients and the enhancement of nurse productivity. Market expansion is also being fueled by the increasing adoption of EHRs, which are playing a pivotal role in the healthcare industry's shift toward a more error-free practice. Electronic health records (EHRs) are the most up-to-date digital representation of a patient's medical history. Another factor that will drive growth in the Medical Carts Market is the increasing number of older people who are at risk for developing chronic diseases.
The Medical Carts Market garners extensive increases from the growth in healthcare awareness worldwide, the significance of convenient access to essential medical supplies, and the need to reduce intensifying hospital expenses. Furthermore, the emergence of telemedicine and telehealth and technological developments in Medical Carts will influence the overall market. Significantly, an increase in healthcare expenditure and emerging nations with developed hospitals is projected to create future growth prospects for the market. Furthermore, innovations in Medical Carts, together with the availability of light items with enhanced mobility and ergonomics, will advance the use of such devices.
On the other hand, factors such as the lack of skilled professionals and the high expenses of customized Medical Carts can hinder the Medical Carts Market’s growth.
North America Medical Carts Market is expected to witness a noteworthy development with a significant growth rate over the analysis period. This surge is because of the adoption of electronic medical record systems. Moreover, the region’s market growth can be attributable to other factors such as the enhancing healthcare facilities and infrastructure and the presence of key market players & strategic decisions by these players. Furthermore, the Advancements in technologies by leading companies based in the U.S. are anticipated to propel the demand in this region.
The Global Medical Carts Market is Segmented as follows:
- Product Type
- Mobile Computing Carts
- Emergency Carts
- Procedure Carts
- Anesthesia Carts
- Medication Carts
- Other Product Types
- End User
- Diagnostic Centers
- Ambulatory Surgical Centers
- Other Applications
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
List of the Key Players of the Global Medical Carts Market is:
Ergotron Inc, ITD GmbH, Capsa Healthcare, Enovate Medical, Touch Point Medical, JACO Inc., Advantech Co. Ltd, Harloff Manufacturing Co., Medline Industries Inc., Armstrong Medical Inc., McKesson Medical-Surgical Inc., Omni cell Inc., Altus Health Systems, Compu Caddy, GCX Corporation, Parity Medical, Her go Ergonomic Support Systems Inc., Performance Health (formerly Patterson Medical), Market Lab Inc.
The Global Medical Carts Market Scope can be Tabulated as below:
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|