The worldwide Medical Carts Market is estimated to develop at a 9.5% CAGR during the forecast period. The medical carts market is expected to be worth US$ 943.5 Million by 2022. According to the report, emergency carts will account for 28.9% of the worldwide medical carts market in 2021.
Medical carts are a type of mobile medical equipment that facilitates medical procedures while providing medication and technology. Medical carts have revolutionized the way hospitals manage and treat patients in today’s world.
These carts enable medical practitioners to carry medical supplies and equipment from one patient’s room to another in a safe and convenient manner. As per Future Market Insights, the global medical carts market was valued at over US$ 859.6 Million in 2021 and is expected to exhibit growth at a CAGR of 9.5% over the forecast period (2022-2032).
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In response to the increased demand for improved efficiency across hospitals, medical carts manufacturers are focusing on cutting-edge designs. Product innovation and rising establishments of hospitals and care centers will bode well for the market.
Advancements such as updating of existing product line, lighter designs, extended battery capacity, and high flexibility improved the ergonomics are expected to fuel sales of medical carts. Electronic health records and medical computer carts featured with inbuilt software will offer opportunities for players in the medical carts market.
With the increasing focus on telehealth solutions, telemedicine carts have gained traction and marked an impressive solution for the transportable patient care unit. These carts potentially improve patient care & safety and enhanced staff efficiency.
For instance, in August 2021, Ergotron revealed the cutting-edge update to its CareFit Pro Medical Cart, it was designed to grasp upcoming workflows and prioritize the healthcare provider well-being to drive the patient-centred services.
“Rising needs for speed and ease of accessibility of the medical supplies, growing focus on patient safety, nursing efficiency and evolution of advanced technologies are expected to fuel growth in the medical carts market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- Emergency carts are expected to hold a 25.5% market value share by the end of 2032, with sales growing at a CAGR of 8.3% over the forecast period.
- Based on material type, the steel segment is projected to account for the highest market share of 47.7% in 2022 and is projected to dominate throughout the forecast period.
- Based on energy sources, the non-powered segment held around 63.3% of the market share in 2021 and is expected to hold a market value share of 60.4% by 2032.
- In terms of end-user, the hospitals are the leading segment and are expected to register a CAGR of 4.8% in upcoming years.
- North America is slated to be the leading region with a value share of 36.7% in 2021 owing to a rise in the number of musculoskeletal injuries and technological advancement.
Competition Landscape
Key players in the medical carts market are focusing on tapping market potential through adopting mergers & acquisitions strategies. Strategic partnerships, mergers and acquisitions, product-line expansions and updated product launches are the key approaches implemented by the manufacturers to expand their product range and consumer base in developing as well as developed countries. For instance:
- In February 2022, Capsa Healthcare acquired Humanscale Healthcare, which enabled the Capsa offerings to the broadest product suite in the market and expands its capacity to offer ergonomically personalized point-of-care computing solutions to healthcare associates worldwide.
- In September 2021, Ergotron’s signed an agreement with PT Murni Solusindo Nusantara as the official distributor in Indonesia. This collaboration is aimed at accelerating business transformation.
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Key Companies Profiled:
- InterMetro Industries Corporation, Inc.
- Capsa Healthcare
- Harloff Company
- Waterloo Healthcare
- Midmark Corporation
- AFC Industries, Inc.
- Ergotron, Inc.
- Jaco, Inc.
- Alimed Inc.
- Advantech Co. Ltd.
- Cybernet Manufacturing, Inc.
- Highgrade Tech Co. Ltd.
- Cardinal/Detecto Scale
- Touchpoint Medical
Key Market Segments Covered in Medical Carts Industry Research
By Product Type:
- Emergency Carts
- Procedure Cart
- Anesthesia Cart
- Computer Medical Carts
- Specialty Carts
- Medication Carts
- Others
By Material Type:
- Polymer
- Steel
- Aluminum
By Energy Source:
- Powered
- Non-powered
By End User:
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Diagnostic Centers
- Rehab Centers
- Nursing Homes
- Homecare Settings
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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