Medical carts are mobile equipment that facilitates the storage, organization, & transportation of various medical supplies, equipment, & devices within healthcare facilities. They are specifically designed to support healthcare professionals in delivering efficient patient care by providing easy access to necessary tools & resources. They are available in varied sizes & configurations, which depend on their intended use and the specific needs of a healthcare setting.
Market Insights & Analysis: Global Medical Carts Market (2023-28)
The Global Medical Carts Market is projected to grow at a CAGR of around 13.5% during the forecast period, i.e., 2023-28. The market is driven by the rising healthcare expenditure and demand for point-of-care solutions that have paved the way for more advanced medical carts, both in design and functionality. The integration of electronic health records (EHRs), wireless connectivity, and medical device integration has increased the demand for carts equipped with these features.
Mobile healthcare services, such as home healthcare and ambulatory care, are on the rise. Medical carts equipped with essential medical devices and supplies allow healthcare professionals to provide on-the-go care, making them indispensable for mobile healthcare services. Besides, the ability to add or remove accessories, adjust storage configurations, and integrate specialized equipment has made these carts versatile & adaptable to different healthcare settings, i.e., further amplifying their adoption.
|Study Period||Historical Data: 2018-21|
|Base Year: 2022|
|Forecast Period: 2023-28|
|Regions Covered||North America: US, Canada, Mexico|
|Europe: Germany, The UK, France, Russia, Italy, Rest of Europe|
|Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific|
|South America: Brazil, Argentina, Rest of South America|
|Middle East & Africa: UAE, Saudi Arabia, South Africa, Iraq, Rest of MEA|
|Key Companies Profiled||Advantech Co., Ltd., AFC Industries, Altus Health Systems, Armstrong Medical Inc., Bergmann Group, Capsa Healthcare, Compucaddy, Ergotron, Inc., GCX Corporation, Harloff Manufacturing Company, ITD Gmbh, Jaco Inc., Midmark Corporation, Omnicell Inc., Waterloo Healthcare, Others [Enovate Medical, Medline Industries Inc., etc.]|
|Unit Denominations||USD Million/Billion|
Additionally, the growing focus on infection control and patient safety is also driving the demand for updated healthcare solutions, including medical carts integrated with antimicrobial surfaces, easy-to-clean materials, and organization systems, in order to reduce the risk of cross-contamination and enhance infection control protocols.
Other than these, the rising incidence of musculoskeletal injuries (MSI) is also augmenting the need for procuring more & more medical carts as they offer improved mobility, workstation consolidation, safety features, and align with the growing focus on workplace safety & injury prevention in healthcare settings. In addition, the number of people with musculoskeletal issues is rapidly rising due to the rise in aging population. For instance, 1.71 billion individuals worldwide were affected by musculoskeletal problems in February 2021. Hence, in view of these aspects, the demand for medical carts is surging at a notable pace worldwide and, in turn, contributing to the overall market growth.
Global Medical Carts Market Driver
Growing Need for Point-Of-Care Solutions- Medical carts are crucial in facilitating point-of-care services by providing healthcare professionals with mobile and accessible workstations, enabling them to deliver timely and efficient care. The market is also pushed by its increasing adoption to improve workflow efficiency by allowing healthcare providers to carry essential equipment, supplies, and medications to the point of need. They also enable mobility within healthcare facilities, reducing the time and effort required to access critical resources and enhancing overall operational efficiency. Backed by these remarkable benefits, the medical carts industry will likely gain momentum worldwide in the coming years.
Global Medical Carts Market Growth Opportunity
Burgeoning Demand for Orthopedic Carts Worldwide: The augmenting demand for orthopedic carts owing to the rising cases of orthopedic trauma will likely present lucrative opportunities for the market players. For example, according to figures from the International Osteoporosis Foundation, osteoporosis is thought to be the cause of 8.9 million fractures per year, or one every three seconds, with 1.6 million hip fractures happening globally each year, with a predicted increase to 4.5 million by 2050. Casts and splints are included on an orthopedic cart to treat fractures, sprains, and strains.
Global Medical Carts Market Regulatory Landscape
Stringent Regulations for Risk Management Testing: Medical carts must undergo risk management testing under IEC 60601-1; therefore, they must be thoroughly tested to comply with all FDA rules. In addition, the U.S. FDA warned healthcare providers nationwide that their mobile medical carts might pose a fire threat. Lithium and lead acid batteries can overheat, emit hazardous smoke, catch fire, or even explode when used in crash carts, pharmaceutical distribution carts, and other carts used for point-of-care services, barcode scanning, and patient monitoring. Hence, manufacturers must comply with all FDA standards & guidelines before releasing or selling new products.
Global Medical Carts Market Trend
Strong Emphasis on Telemedicine: The emerging concept of telemedicine coupled with the popularity of remote patient monitoring has remained the major trend driving the need for advanced medical carts. These carts can be equipped with video conferencing capabilities, remote diagnostic tools, and other telehealth technologies, allowing healthcare professionals to conduct virtual consultations and provide care remotely.
Global Medical Carts Market (2023-28): Segmentation Analysis
The Global Medical Carts Market study from MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the analysis, the market has been further classified:
Based on Product Type:
Among all, mobile computing carts are gaining significant traction in the Global Medical Carts Market. With the high frequency of EHR (Electronic Health Records) usage and the mounting demand for seamless healthcare information management, healthcare facilities worldwide are increasingly adopting mobile computing carts, which are equipped with integrated computers that provide healthcare professionals with real-time access to patient data, medication administration systems, & other critical applications. The convenience, mobility, & efficiency offered by these carts contribute to their rising popularity. The same trend is likely in the coming years as healthcare organizations prioritize technological advancements for enhanced patient care & workflow optimization, which, in turn, would spur growth in the global medical carts market.
Based on Material Type:
Steel, particularly stainless steel medical carts, dominate the market, which owes to their durability, strength, & security. They can withstand heavy use & impacts and carry heavy loads without compromising integrity. Stainless steel exhibits superior resistance to tampering, ensuring the safety of valuable equipment & patient records. In addition, the non-porous & smooth steel surfaces make cleaning and maintenance easy, which reduces the risk of contamination. Customization options like adjustable shelves & compartments in these carts help optimize storage & accessibility. These benefits of stainless steel medical carts allow pharma companies to increase their productivity and reduce the cost of goods by eliminating human errors & contamination risks. Hence, owing to these aspects, steel remains the preferred choice for its robustness and thus holds a larger share of the Global Medical Carts Market.
Based on End-User:
Of these three, hospitals & clinics are the largest end-users in Global Medical Carts Market. The increasing hospitalizations & hospital visits due to rising incidence of trauma, injury, & infection are driving the demand for medical carts in hospitals & clinics. For instance, according to the World Health Organization (WHO), in 2018, there were around 37.3 million falls that required medical attention each year. In contrast, estimated 646,000 individuals die from falls globally every year. Besides, increasing investments in healthcare infrastructure development, the growing need for efficient patient safety, and various initiatives toward implementing advanced technologies are other crucial factors augmenting the demand for medical carts in hospitals & clinics and, in turn, fueling the overall market growth.
Global Medical Carts Market (2023-28) Regional Projection
Geographically, the Global Medical Carts Market expands across:
Among all regions globally, North America, particularly the US, dominates the Medical Carts Market with the largest share. It ascribes to the robust healthcare infrastructure, massive investments in the development of innovative medical devices, the surging number of healthcare facilities, and ever-increasing hospitalizations, backed by the rising incidence of musculoskeletal injuries & chronic diseases.
In addition, the increasing number of surgeries, favorable reimbursement policies, the large aging population, and the extensive availability of integrated healthcare IT products to maintain EHRs further contribute to regional market growth. The US & Canada are increasingly focusing on patient safety & infection control in healthcare facilities, which are rapidly expanding across the region. Medical carts play a pivotal role in maintaining a clean & organized environment, which reduces the risk of infections and ensures the safety of patients & healthcare professionals.
As a result, more & more manufacturers are offering medical carts with antimicrobial surfaces, easy-to-clean designs, and features that support proper storage & disposal of medical supplies. Furthermore, the integration of features like EHR systems, medication dispensing systems, barcode scanners, wireless connectivity, & power management solutions into medical carts has improved patient care & workflow efficiency. Being a hub for technological innovations, the region is thus observing a rapidly increasing adoption of such advanced equipment, i.e., augmenting the growth of the North America Medical Carts Market.
Global Medical Carts Industry Recent Development
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Frequently Asked Questions
A. The Medical Carts Market is projected to grow at a CAGR of around 13.5% during 2023-28.
A. Rising demand for point-of-care solutions is likely to drive the market further during the projected time frame.
A. The prominent players anticipated to stiffen the competition globally are AFC Industries, ITD Gmbh, Capsa Healthcare, Harloff Manufacturing Company, Omnicell Inc., Bergmann Group, Midmark Corporation, Jaco Inc., Waterloo Healthcare, Advantech Co., Ltd., Ergotron, Inc., Armstrong Medical Inc., Altus Health Systems, Compucaddy, GCX Corporation, Others (Enovate Medical, Medline Industries Inc., etc.)
A. Steel is anticipated to emerge as an area of remunerative opportunities for the leading players in the Medical Carts Market during the forecast period.
A. The growing demand for orthopedic carts worldwide is expected to present remunerative opportunities for the leading players in the Medical Carts Market during the forecast period.
A. Globally, North America would provide lucrative prospects for the Medical Carts Market in the years ahead.
Global Medical Carts Market Research Report (2023-2028) - Table of Contents