Medical Carts Market is Expected To Expand at a CAGR Of 16.87% From 2022 To 2030
Medical Carts Industry Overview
The global medical carts market size was valued at USD 2.24 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.87% from 2022 to 2030. The rising prevalence of Musculoskeletal Injury (MSI) and the growing implementation of Electronic Medical Records (EMR) in hospitals are driving market expansion. For instance, in February 2021, musculoskeletal conditions affect approximately 1.71 billion people in the world. Furthermore, the number of people with musculoskeletal problems is quickly increasing because of population growth and aging. Therefore, due to such factors, the demand for medical carts will increase in near future.
Owing to continuously evolving technology that offers better configuration, construction, options, and features that meet the requirements of consumers, the adoption of mobile carts is further increasing. For instance, in December 2021, the AMiS-30EP pole cart was the newest addition to Advantech's AMiS product line, which is a prominent provider of medical computer systems and services. Depending on the application, this product can be supplied with a variety of monitors and devices. As a result of these technical breakthroughs, the market is likely to expand in the near future.
Gather more insights about the market drivers, restrains and growth of the Global Medical Carts market
The COVID-19 has caused a huge increase in demand for medical carts around the world. The unprecedented challenges posed by the COVID-19 have heightened the need for accessible, quality healthcare solutions, and professional-grade medical carts which directly addressed critical needs during 2020. By implementing rapid measures including the redeployment of resources to medical cart production as and when required, and responsive supply chain optimization, manufacturers adapted their operations throughout 2020 to ensure that their medical carts could reach customers faster. Thus, due to such factors market is anticipated to grow.
Additionally, medical cart design was modified in response to the global vaccine rollout, to cater for mobile COVID-19 vaccination distribution to suit mass vaccination sites that were set up in non-traditional spaces, such as car parks and stadiums, which is anticipated to spur the market growth. For instance, in February 2021, Ergotron and Ingram Micro collaborated to donate medical carts to help in coronavirus outbreak.
Moreover, in August 2021, the new Trio mobile computing workstation from Capsa Healthcare has been released. Capsa's Trio point-of-care platform mobilizes electronic health records and supports efficient and precise drug management. As a result of these developments, the market is likely to expand in the near future.
Emergence of telemedicine/tele health and advancements in medical carts is one of the key contributing factors to the growth of medical carts market. These carts improve nursing efficiency that helps in providing enhanced care to the patients, which is expected to fuel the demand for medical carts in the following years. Advancements in medical carts such as availability of lightweight products with increased mobility and enhanced ergonomics are expected to boost the adoption of these products. Availability of handle and wheel mounts to the right and correct sizes of batteries help in increasing nursing staff safety.
Browse through Grand View Research's Medical Devices Industry Research Reports.
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Medical Carts Market Segmentation
Grand View Research has segmented the global medical carts market on the basis of the product, type, end use, and region:
Medical Carts Product Outlook (Revenue USD Million; 2017 - 2030)
- Mobile Computing Carts
- By Application
- Documentation
- Equipment
- Medication Delivery
- Tele health Workstation
- Others
- By Energy Source
- Powered
- Non powered
- Wall-mounted Workstations
- Medication
- Medical Storage Columns, Cabinets, & Accessories
- Others
- By Application
Medical Carts Type Outlook (Revenue USD Million; 2017 - 2030)
- Anesthesia
- Emergency
- Procedure
- Others
Medical Carts End-Use Outlook (Revenue USD Million; 2017 - 2030)
- Hospitals
- Ambulatory Surgical Centers
- Physician Offices or Clinics
- Others
Medical Carts Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- April 2020: the emergency response cart was developed by Midwest Products & Engineering (MPE Inc.), a design and production partner to equipment and medical device OEMs, to address ventilator workflow challenges linked to the urgent treatment of COVID-19 patients, which is expected to enhance market growth during the near future.
Key Companies profiled:
Some of the prominent players in the global medical carts market include:
- 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.
Order a free sample PDF of the Medical Carts Market Intelligence Study, published by Grand View Research.
About Grand View Research
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