Global Medical Carts Market

Medical Carts Market Size, Share, Growth Analysis, By Product(Mobile Computing Carts, Wall-mounted Workstations, Medication, Medical Storage Columns), By Type(Anesthesia, Emergency, and Procedure), By End-Use(Hospitals, Ambulatory Surgical Centers, Physician Offices or Clinics, and Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35B2086 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 93 | Figures: 76

Medical Carts Market Insights

Global Medical Carts Market size was valued at USD 2.62 billion in 2022 and is poised to grow from USD 3.06 billion in 2023 to USD 10.66 billion by 2031, growing at a CAGR of 16.87% during the forecast period (2024-2031).

The rising prevalence of Musculoskeletal Injury (MSI) and the increasing use of Electronic Medical Records (EMR) in hospitals are propelling market growth. Furthermore, due to population expansion and aging, the number of people with musculoskeletal issues is rapidly increasing. As a result of such reasons, the need for medical carts is expected to rise in the near future.

The usage of mobile carts is expanding due to constantly evolving technology that provides better layout, construction, alternatives, and features that fulfill the needs of consumers. For example, the AMiS-30EP pole cart was the most recent addition to Advantech's AMiS line of goods, which is a leading provider for healthcare computer systems and services, in December 2021. This product can be equipped with a number of monitors and devices, depending on the application. The market is expected to grow in the near future as a result of these technological developments.

Furthermore, in response to the worldwide vaccine rollout, medical cart design was updated to accommodate mobile COVID-19 immunization distribution to mass vaccination sites set up in unconventional areas, such as parking lots and stadiums, which is expected to drive market growth. For example, in February 2021, Ergotron and In Gramme Micro teamed up to offer medical carts to aid in the coronavirus outbreak.

Furthermore, Capsa Healthcare will deliver its latest Trio mobile computer desktop in August 2021. The Trio point-of-care platform from Capsa mobilizes electronic medical records and facilitates efficient and exact drug management. The market is expected to grow in the coming years as a consequence of these changes.

One of the important contributing factors to the growth of the medical carts market is the emergence of telemedicine/telehealth and advancements in medical carts. These carts improve nursing efficiency, leading to better patient care, which is projected to drive demand for medical carts in the coming years. Medical cart advancements, such as the availability of lightweight items with greater mobility and ergonomics, are projected to expand the popularity of these products. The availability of handle and wheel mounts, as well as the right and correct battery sizes, contributes to increased nursing staff safety.

The increased emphasis on effective care delivery and the adoption of healthcare IT solutions that aid in delivery are projected to drive market expansion in the coming years. It is critical to select a suitable workstation that assures patient safety. Mobile computer carts have numerous advantages, including flexibility and secure storage.

US Medical Carts Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Medical Carts Market size was valued at USD 2.62 billion in 2022 and is poised to grow from USD 3.06 billion in 2023 to USD 10.66 billion by 2031, growing at a CAGR of 16.87% during the forecast period (2024-2031).

In addition, market players utilize various strategies to strengthen their market position, such as acquisitions and mergers, partnerships, product launches, expanding their geographic presence of manufacturing facilities, improving and expanding Their distribution network, as well as advances like the launch of medical carts. 'Capsa Healthcare', 'Omnicell Inc.', 'Midmark Corporation', 'Harloff Company', 'ITD GmbH', 'InterMetro Industries Corporation', 'Armstrong Medical Industries Inc.', 'Ergotron Inc.', 'Jaco Inc.', 'Enovate Medical', 'AFC Industries Inc.', 'Medline Industries Inc.', 'Advantech Co. Ltd.', 'Altus Inc.', 'Hergo Ergonomic Support Systems Inc.', 'The Harloff Company Inc.', 'Modernsolid Industrial Co. Ltd.', 'Scott-Clark Medical', 'Waterloo Healthcare', 'Compucaddy'

Increasing healthcare infrastructure, particularly in developing countries, is driving the demand for medical carts, as they are essential in healthcare facilities for transporting equipment and supplies.

E-commerce boom: With the COVID-19 pandemic, online shopping and e-commerce have witnessed tremendous growth. Consumers have shifted their shopping habits to online platforms, and this trend is expected to continue in the future.

North America dominated the market with 40.27% share. Factors such as significant government investments in the creation of novel medical devices, the presence of important participants, and the existence of a favorable reimbursement system are factors contributing to the region's market growth.

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Global Medical Carts Market

Report ID: SQMIG35B2086

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