In healthcare situations, where avoiding infections is very important, medical carts that come with built-in germ-fighting tools are becoming more popular. More and more people want surfaces that kill germs, materials that are easy to clean, and tasks that you can do without using your hands. Obviously, these traits help keep the area clean and lower the chance of getting illnesses connected to healthcare.
It's being changed so that there is room for virtual care as the number of people using telehealth services grows. Professionals in health care can talk and do tests from far away, which means that more people can get care. This is possible with carts that have video and voice features, safe ways to communicate, and telemedicine add-ons.
There are more and more hospital carts with wheels or power being made because people want them. It is easier to move around with these carts, which are especially helpful in bigger medical centers. Putting together power systems makes it easy to move big tools and help people quickly when they need it.
Many hours of work went into making medical carts more comfortable so that people who work in healthcare can have a better experience overall. Healthcare workers who use these carts for their daily work are more comfortable and get more done thanks to features like adjustable height, easy mobility, and screens that are simple to use.
People who work in health care systems around the world are realizing how useful these portable carts are, so the market for them is growing very quickly. More and more medical carts are being used in different types of healthcare settings. This is possible because businesses are teaming up in smart ways to expand into new areas.
Medical cart sales are going up because more and more people need good choices for when they get medical care. Electronic health records (EHRs) and drug delivery systems are two technologies that are being used together more and more in medical carts to make things run more easily and improve care for patients.
A lot of the medical cart business is changed by how quickly technology changes. Technologies like RFID tracking, tag reading, and telemedicine make healthcare more efficient by making sure that the right information about patients is kept and that the right medicines are given.
The business of medical carts is growing a lot because more money is being spent on health care around the world. More hospitals are spending money to make things run more easily and get better results for their patients. This is making the market for better medical carts grow.
More and more people are buying medical carts with parts and features that make cleaning and washing easier. This is because avoiding infections is very important in healthcare situations. Because of the need to stop infections, healthcare facilities are being pushed to buy carts that help keep the areas clean.
Most people want medical carts because more people have long-term illnesses and more people are getting older. More and more people need mobile health care options as the population ages. You can use these ideas in long-term care facilities, at home, and other places.
Medical businesses are using medical carts that are made to fit their needs and ways of working more and more. A design that is ergonomic is focused on the comfort and efficiency of workers. It lowers the risk of accidents at work and increases overall output.
The biggest companies in the medical cart business are fighting hard with each other. Companies often buy other companies, join with each other, and make strategic deals to offer more goods on the market. The way markets work is affected by how competitive they are, which also helps new ideas grow.
Report Attribute/Metric | Details |
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Growth Rate | 12.8% (2023-2032) |
The medical carts market size was valued at USD 3.9 billion in 2022. The medical carts industry is projected to grow from USD 1.39 billion in 2023 to USD 11.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.8% during the forecast period (2023 - 2032). The growing prevalence of Musculoskeletal Injury (MSI) and the rising implementation of Electronic Medical Records (EMR) in hospitals are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The recently manufactured medical carts are incorporated with numerous IT solutions to enable easy medical storage and access. Most devices come with touch panels with slim designs for easy usage. They are lightweight with smooth wheels enabling easy mobility with significantly little pressure by nurses to prevent muscular pains. These touch panels can improve the quality of care and eliminate disastrous human consequences, which can cause an error in treatment dosage and supply. Many manufacturers are trying to innovate new advancements in their medical carts has enhanced the growth of the medical carts market revenue.
Further, the increasing product launches are expected to contribute to the growth of the market over the forecast period. For example, in December 2021, the AMiS-30EP pole medical carts was the latest addition to Advantech's AMiS product line, a prominent medical computer system provider and services. Relying on the application, this product can be supplied with various monitors and devices. As a consequence of these technical breakthroughs, the market will likely expand shortly. Moreover, in August 2021, the latest Trio mobile computing workstation from Capsa Healthcare was released. Capsa's Trio point-of-care medium mobilizes electronic health records and assists in efficient and precise drug management. As a consequence of these developments, the market has enhanced the medical carts market CAGR across the globe in the recent years.
Additionally, the growing geriatric population and increasing burden of multiple chronic conditions, leading to rising hospital admissions, will likely drive the market growth. As per the report by the United Nations in 2022, the share of the population aged 65 years or above is projected to rise from 10% in 2022 to 16% in 2050. By 2050, the number of persons aged 65 years or over worldwide is projected to be more than twice the number of children under age 5 and about the same as that of children under age 12.
The medical carts market segmentation, based on product type, includes mobile computing carts, wall-mounted workstations, medication, medical storage columns, cabinets, & accessories, and others. The mobile computing carts segment held the majority share in 2022 of the medical carts market revenue. These medical carts are most commonly used by point-of-care facilities due to associated benefits, including these medical carts being portable/mobile, needing less space, and providing one-stop solutions for every clinical need of the caregiver. However, wall-mounted workstations are the fastest-growing category owing to associated benefits, such as maximizing floor space and minimizing the spread of infectious diseases.
The medical carts market segmentation, based on type, includes anesthesia, emergency, procedure, and others. The emergency segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is owing to the fact that it is utilized more frequently in emergency rooms. As the risk of infectious diseases is higher in emergency care units, demand for these products is expected to increase in the coming years, positively impacting market growth. However, the procedure is the fastest-growing category over the forecast period due to its consistent utilization in many healthcare settings. These products are very supportive in operating procedures, including cardiology & endoscopy, and also provide access to essential therapeutics.
Figure 1: Medical Carts Market by Type, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The medical carts market data has been bifurcated by end users into hospitals, ambulatory surgical centers, physician offices or clinics, and others. The hospitals segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030, due to the technological advancements in mobile medical workstations. However, physician offices or clinics are the fastest-growing category over the forecast period due to the enhancement in awareness and demand for the one-stop solutions that need less space and can be utilized for all medical requirements, as these medical carts include medicine, medical equipment, computer, & storage cabinets and are mobile.
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America medical carts market accounted for USD 1.79 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The substantial investments by governments for the expansion of creative medical devices, the presence of key participants, and the existence of a favorable reimbursement scenario are the factors supplementing the market growth within the region.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: MEDICAL CARTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe medical carts market accounts for the second-largest market share due to the rising incidence of chronic kidney diseases (CKD), and there is increasing demand for home dialysis. The presence of streamlined processes, such as hospital admissions and claiming reimbursements, in healthcare facilities, along with the availability of integrated healthcare IT developments to maintain Electronic Health Records (EHRs), are some of the elements accountable for the largest revenue share held by this region. Further, the Germany medical carts market held the largest market share, and the UK medical carts market was the fastest-growing market in the European region.
The Asia-Pacific medical carts Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the rising focus of the companies on expanding their presence in this region and the growing demand for medical carts, which are expected to drive market growth. Moreover, China medical carts market held the largest market share, and the India medical carts market was the fastest-growing market in the Asia-Pacific region.
Medical Carts Key Market Players & Competitive Insights
Major market players are spending a huge amount of money on R&D to enhance their product lines, which will help the medical carts market grow even more. Market participants are also taking several strategic initiatives to grow their worldwide footprint, with major market developments such as contractual agreements, mergers and acquisitions, new product launches, increased investments, and collaboration with other organizations. Medical carts industry competitors must offer cost-effective items to enhance and survive in an increasingly competitive and growing market environment.
One of the major business strategies manufacturers adopt in the medical carts industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In the medical carts markets, major players such as ITD GmbH, Advantech Co., Ltd, Harloff Manufacturing Co., and others are working on expanding the market demand by investing in R&D activities.
GAMA Healthcare Ltd manufactures and distributes personal care and bathing products. The Company offers body, hair, and nail care products. GAMA Healthcare serves clients in the United Kingdom. In November 2021, GAMA Healthcare launched the Rediroom internationally across the Americas. Rediroom is a mobile cart that expands into a HEPA air-filtered isolation room with a hands-free entry in five minutes and provides better isolation capacity and flexibility.
Also, Tryten Technologies Inc. was founded in 2004. The company's line of business includes the wholesale distribution of computers, peripheral computer equipment, and computer software. In August 2022, Tryten Technologies launched a website and rebranded products to reflect a unified line of evolving medical carts solutions. In Addition, medical carts for AV displays and mobile workstations are now part of the Tryten X series.
Key Companies in the Medical Carts market include
Medical Carts Industry Developments
November 2021:Godrej Interior Healthcare launched its range of medical trolleys, AGILO medical carts, and emergency/crash carts. These emergency /medical carts are ideal for emergency rooms such as intensive care units, casualty/trauma centers, outpatient surgery centers, and operation theaters.
July 2022:Holo Industries LLC launched a transformative HoloMed line of holographic inserts for medical carts, patient monitors, and other products that protect patients and hospital staff by virtually eliminating surface contact and touchpoints, thereby reducing the transmission of HAIs.
Mobile Computing Carts
Wall-Mounted Workstations
Medical Storage Columns, Cabinets, & Accessories
Others
Anesthesia
Emergency
Procedure
Others
Hospitals
Ambulatory Surgical Centers
Physician Offices or Clinics
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
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