The North American Medical Carts Industry is on track for a consistent rise, fueled by advancements in healthcare technology and a growing focus on improving patient care efficiency. A recent market analysis forecasts a robust Compound Annual Growth Rate (CAGR) of 4.7% over the next decade (2023-2034). This translates to a projected market valuation of a staggering US$3.75 billion by 2034, reflecting a significant increase from its current estimated value of US$2.26 billion in 2023.
Rising focus on point-of-care diagnosis & treatment has led to an increase in the use of mobile computer medical carts. Computer medical carts are used to record and update a patient’s electronic health records (EHR). Increased adoption of Electronic Health Records (EHR) is also observed to be an instrumental factor in the growth of the North American medical care industry
The need for streamlining workflow has necessitated the integration of information technology (IT) solutions in healthcare settings. Medical carts manufactured by companies are presently serving the essential purpose of aiding nursing operations in medical facilities. The robust healthcare infrastructure in the US will demand the adoption of advanced medical carts that not only dispense medical instruments & supplies but also have integrated IT systems. In the years to come, the demand for medical carts in North America will witness a steadfast inclination towards IT-integrated medical carts.
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Constructive Prospects for the Future of the North American Medical Cart Industry
A lucrative opportunity for such prominent medical device manufacturers towards consolidating their presence in the medical carts market in North America is changing their product line following a shift in technology. Mechanical medical carts are being gradually replaced by new and enhanced technologies such as powered medical devices with battery systems, locking drawers (with a negative tilt to facilitate efficient stocking of medication), and automated medicine dispensing systems.
In addition to this, increased focus on acquisitions and collaboration among companies has helped them expand their clinical carts product portfolio and cater to the demand for efficient healthcare systems. This has boosted the need for more effective and advanced medical equipment, devices and procedures. Emerging players must keep in mind that acquisitions over the years have resulted in strengthening the positions of current market leaders.
Key Highlights of the North American Medical Cart Industry Report follow,
- In 2017 and beyond, computer medical carts will remain in great demand, procuring close to 40% of the market’s overall revenues towards the end of 2027
- North America’s medical carts market is poised to witness the dominance of metal as base material, revenues from which will reflect a CAGR of 12.1%
- Non-powered medical carts will also be top-sellers in the market, while revenues from sales of powered medical carts are anticipated to showcase a 12.6% CAGR
- Hospitals will be the largest end-users of medical carts in North America
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North American Medical Carts Industry Key Segments:
By End User:
- Hospitals
- Clinics
- Ambulatory Surgical Centres
- Diagnostic Centres
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
By Material Type:
- Metal
- Plastic
- Wood
By Energy Source:
- Powered
- Non-Powered (Mechanical)
By Product Type:
- Emergency Carts
- Procedure/Treatment Carts
- Anaesthesia Carts
- Medical Computer Carts
- Others
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 clients face and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in 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 is 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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