The Global Medical Carts Industry is set to experience a substantial surge, with an estimated market value of US$ 1,136.9 million in 2024, and a projected Compound Annual Growth Rate (CAGR) of 9.30% over the forecast period. This anticipates an impressive market size of US$ 2,759.69 million by 2034.
The healthcare landscape has witnessed remarkable transformations in recent years, ushering in a new era of technological advancements. Amid these changes, the role of cutting-edge equipment, particularly medical carts, has become increasingly crucial. These carts not only facilitate the delivery of care but also play a pivotal role in enhancing healthcare services’ overall efficiency and effectiveness.
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The demand for medical carts in the healthcare industry is also skyrocketing due to their versatility in meeting diverse needs and challenges within hospitals, ambulatory surgical centers, specialty clinics, diagnostic centers, etc. Medical carts help these entities facilitate seamless organization, storage, and transport of essential equipment, supplies, and medications.
Medical carts also offer on-the-go access to crucial medical equipment, supplies, and patient information, ensuring healthcare providers have immediate and organized access to necessary tools. This helps the medical practitioner deliver efficient, patient-centric care with enhanced mobility and responsiveness. This is one of the most crucial reasons why hospitals, especially those involved in emergency services, prefer medical carts.
“The world is constantly pushing toward sustainability. Companies involved in the medical cart market must adopt environmentally friendly practices such as using recyclable materials and designing energy-efficient products to cater to the demands of eco-conscious businesses and individuals,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
Key Takeaways from the Global Medical Carts Industry Study
- The emergency cart segment dominates the medical cart market with a market share of 27.90%.
- Based on end users, the hospital segment leads the medical cart market with a share of 31.40%.
- The medical cart market in the United States is predicted to grow at a remarkable CAGR of 8.30% through 2034.
- The medical cart market in Germany is predicted to rise at a 9.30% CAGR through 2034.
- The medical cart market in India has the potential to increase at a 10.40% CAGR through 2034.
- The Chinese medical cart market is predicted to rise at a 12.00% CAGR through 2034.
- The medical cart market in the United Kingdom is predicted to grow at a CAGR of 9.00% through 2034.
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Competitive Landscape in the Global Medical Carts Industry
Key players in the global medical cart market, including InterMetro Industries Corporation, Capsa Healthcare, Harloff Company, and Waterloo Healthcare, are actively investing in advanced technologies. Recognizing the complexity and evolving nature of the healthcare industry, these companies are engaging in strategic collaborations and forming joint ventures. By doing so, they can pool resources, share expertise, and leverage synergies to stay at the forefront of innovation.
Key players are making substantial financial investments to maintain leadership positions in the global medical cart market. These investments go beyond technology integration, including strategic initiatives, market expansion, and research and development efforts.
Recent Developments in the Global Medical Carts Industry
- In October 2023, OSF HealthCare partnered with Summit Venture Studio to license and expand the augmented reality training app Medical Cart AR. developed by OSF Innovation. This app assists healthcare providers in swiftly locating crucial equipment during medical emergencies.
- In September 2023, the Louisville Metro Health Department donated medical carts to Jefferson County Public Schools (JCPS) high schools, including Waggener. These carts, equipped with vital supplies like epi-pens, asthma treatments, “stop the bleed” kits, and Narcan, aimed to enhance emergency preparedness in the school environment.
- In November 2022, Centura Health in Centennial, Colorado, aligned its digital strategy with EHR capabilities by integrating remote patient monitoring (RPM), medical carts, and Epic Electronic Health Record (EHR). This move aimed to enhance telehealth capabilities, facilitating comprehensive and evolving whole-person care.
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Key Companies in the Global Medical Carts Industry
- InterMetro Industries Corporation, Inc.
- Capsa Healthcare
- Harloff Company
- Waterloo Healthcare
- Midmark Corporation
- Ergotron, Inc.
- Enovate Medical
- Armstrong Medical Industries, Inc.
- Jaco, Inc.
- ITD GmbH (ITD Medical Technology)
- AFC Industries, Inc.
- Medline Industries, Inc.
- Advantech Co., Ltd.
- MedViron, Inc.
- Howard Industries, Inc.
- The Bergmann Group
- Pearson Medical Technologies, LLC
- Medikar
- Villard
- CompuCaddy
Global Medical Carts Industry Segmentation
By Product Type:
- Emergency Carts
- Procedure Carts
- Anesthesia Carts
- 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
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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