A medical cart is a portable piece of equipment typically configured with drawers, colors, locking mechanisms, and other features to assist in storing and organizing materials and equipment used in various medical operations. Medical carts are widely used in hospitals to aid medical professionals in transporting necessary medical supplies via trolleys.
The main types of medical carts include emergency carts, anesthesia carts, procedure carts, telemedicine carts, and other variations. Emergency carts are designed primarily for cardiac pulmonary resuscitation and emergency conditions in all hospital units. Medical carts can be constructed from various materials such as metal, plastic, and others. These carts find applications in hospitals, physician offices, and other healthcare settings.
The medical carts market research report is one of a series of new reports that provides medical carts market statistics, including medical carts industry global market size, regional shares, competitors with a medical carts market share, detailed medical carts market segments, market trends and opportunities, and any further data you may need to thrive in the medical carts industry. This medical carts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical carts market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The expansion observed in the historical period can be attributed to several factors, including the rise of electronic health records (EHR), the shift towards patient-centric care, hospital modernization initiatives, adherence to healthcare regulations, and the aging population.
The medical carts market size is expected to see rapid growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The projected growth in the forecast period can be attributed to various factors, including a focus on green and sustainable design, increased emphasis on emergency preparedness, the integration of point-of-care testing capabilities, customization of medical carts for specialty care, and adherence to interoperability standards. Key trends expected in this period include the incorporation of Internet of Things (IoT) technology in medical carts, the assistance of artificial intelligence (AI) in patient care, the adoption of green and sustainable design principles, the use of AI in inventory management, and the implementation of remote patient monitoring features.
The anticipated increase in the adoption of electronic health records (EHR) is poised to drive the growth of the medical cart market in the future. An electronic health record (EHR) serves as a digital repository of a patient's medical history, providing real-time updates. Medical carts equipped with batteries offer healthcare professionals enhanced accessibility to EHR, as these carts can accompany them. According to Health IT, an organization representing various hospitals and healthcare networks in the United States, nearly 88% of U.S. office-based physicians had adopted any EHR, and approximately 78% had embraced a certified EHR in 2021. Thus, the rising adoption of electronic health records is a significant factor propelling the growth of the medical cart market.
The increasing prevalence of chronic diseases is expected to be a driving force behind the growth of the medical carts market. Chronic diseases, characterized by lasting a year or longer and requiring ongoing medical care, significantly impact daily activities. Medical carts play a crucial role in chronic disease management by providing healthcare professionals with mobile access to essential medications, equipment, and patient records. This facilitates efficient care delivery, improving patient outcomes and comfort. The National Center for Biotechnology Information (NCBI) projects that by 2050, the number of individuals aged 50 years and older with at least one chronic illness will rise by 99.5%, reaching 142.66 million. Thus, the increasing prevalence of chronic diseases is a key factor driving the growth of the medical carts market.
A noteworthy trend gaining traction in the medical carts market is product innovation. Major companies in this market are actively developing new products to enhance their market position. For example, in December 2021, Advantech, a U.S.-based provider of medical carts, introduced the AMiS-30EP clinical pole cart, designed to offer comfortable positioning and rapid care delivery. This product is equipped with four anti-static 4' casters, ensuring easy movement on various floor surfaces. It provides a highly customizable cart solution suitable for diverse healthcare environments.
Major players in the medical carts market are intensifying their focus on introducing mobile medical carts to gain a competitive edge. A mobile medical cart is a portable cart or trolley, often equipped with wheels, designed for use in healthcare settings. In August 2021, Ergotron, a U.S.-based technology company, unveiled an updated version of its CareFit Pro Medical Cart, aiming to improve caregiver well-being and enhance the quality of care. This redesigned medical cart prioritizes caregiver well-being, enabling them to deliver patient-centered care more effectively.
In August 2021, Capsa Healthcare, a U.S.-based leader in innovative healthcare solutions, acquired Specialty Carts for an undisclosed amount. This strategic acquisition has contributed to Capsa's consistent growth by combining internal development with the integration of complementary product brands and platforms. Specialty Carts, a U.S.-based medical cart manufacturer, primarily serves the long-term care industry.
Major companies operating in the medical carts market include ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co. Inc., AFC Industries Inc., Midmark Corporation, Capsa Healthcare LLC, Bergmann Group GmbH & Co. KG, Onyx Healthcare Inc., InterMetro Industries Corporation Inc., Waterloo Healthcare Inc., Ergotron Inc., Jaco Inc., Enovate Medical LLC, TouchPoint Medical Inc., Merino International Group LLC, Lakeside Manufacturing Inc., BiHealthcare Inc., Scott-Clark Medical Inc., Medstor Systems USA LLC, Hergo Ergonomic Support Systems Inc., Cardinal Scale Manufacturing Company, Capsa Solutions LLC, Omnicell Inc., Mid Central Medical, Medline Industries LP, Altus Inc., Armstrong Medical Industries, Inc., Modern Medical Equipment Mfg. Ltd., Omnimed Inc., Pedigo Products Inc.
North America was the largest region in the medical carts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical carts market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the medical carts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The medical cart market consists of sales of isolation/infection control carts, medical cart accessories, medical computer carts, medication carts, MRI medical carts and pediatric emergency medical carts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of medical carts include emergency carts, anesthesia carts, procedure carts, telemedicine carts, and other variations. Emergency carts are designed primarily for cardiac pulmonary resuscitation and emergency conditions in all hospital units. Medical carts can be constructed from various materials such as metal, plastic, and others. These carts find applications in hospitals, physician offices, and other healthcare settings.
The medical carts market research report is one of a series of new reports that provides medical carts market statistics, including medical carts industry global market size, regional shares, competitors with a medical carts market share, detailed medical carts market segments, market trends and opportunities, and any further data you may need to thrive in the medical carts industry. This medical carts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The medical carts market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The expansion observed in the historical period can be attributed to several factors, including the rise of electronic health records (EHR), the shift towards patient-centric care, hospital modernization initiatives, adherence to healthcare regulations, and the aging population.
The medical carts market size is expected to see rapid growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The projected growth in the forecast period can be attributed to various factors, including a focus on green and sustainable design, increased emphasis on emergency preparedness, the integration of point-of-care testing capabilities, customization of medical carts for specialty care, and adherence to interoperability standards. Key trends expected in this period include the incorporation of Internet of Things (IoT) technology in medical carts, the assistance of artificial intelligence (AI) in patient care, the adoption of green and sustainable design principles, the use of AI in inventory management, and the implementation of remote patient monitoring features.
The anticipated increase in the adoption of electronic health records (EHR) is poised to drive the growth of the medical cart market in the future. An electronic health record (EHR) serves as a digital repository of a patient's medical history, providing real-time updates. Medical carts equipped with batteries offer healthcare professionals enhanced accessibility to EHR, as these carts can accompany them. According to Health IT, an organization representing various hospitals and healthcare networks in the United States, nearly 88% of U.S. office-based physicians had adopted any EHR, and approximately 78% had embraced a certified EHR in 2021. Thus, the rising adoption of electronic health records is a significant factor propelling the growth of the medical cart market.
The increasing prevalence of chronic diseases is expected to be a driving force behind the growth of the medical carts market. Chronic diseases, characterized by lasting a year or longer and requiring ongoing medical care, significantly impact daily activities. Medical carts play a crucial role in chronic disease management by providing healthcare professionals with mobile access to essential medications, equipment, and patient records. This facilitates efficient care delivery, improving patient outcomes and comfort. The National Center for Biotechnology Information (NCBI) projects that by 2050, the number of individuals aged 50 years and older with at least one chronic illness will rise by 99.5%, reaching 142.66 million. Thus, the increasing prevalence of chronic diseases is a key factor driving the growth of the medical carts market.
A noteworthy trend gaining traction in the medical carts market is product innovation. Major companies in this market are actively developing new products to enhance their market position. For example, in December 2021, Advantech, a U.S.-based provider of medical carts, introduced the AMiS-30EP clinical pole cart, designed to offer comfortable positioning and rapid care delivery. This product is equipped with four anti-static 4' casters, ensuring easy movement on various floor surfaces. It provides a highly customizable cart solution suitable for diverse healthcare environments.
Major players in the medical carts market are intensifying their focus on introducing mobile medical carts to gain a competitive edge. A mobile medical cart is a portable cart or trolley, often equipped with wheels, designed for use in healthcare settings. In August 2021, Ergotron, a U.S.-based technology company, unveiled an updated version of its CareFit Pro Medical Cart, aiming to improve caregiver well-being and enhance the quality of care. This redesigned medical cart prioritizes caregiver well-being, enabling them to deliver patient-centered care more effectively.
In August 2021, Capsa Healthcare, a U.S.-based leader in innovative healthcare solutions, acquired Specialty Carts for an undisclosed amount. This strategic acquisition has contributed to Capsa's consistent growth by combining internal development with the integration of complementary product brands and platforms. Specialty Carts, a U.S.-based medical cart manufacturer, primarily serves the long-term care industry.
Major companies operating in the medical carts market include ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co. Inc., AFC Industries Inc., Midmark Corporation, Capsa Healthcare LLC, Bergmann Group GmbH & Co. KG, Onyx Healthcare Inc., InterMetro Industries Corporation Inc., Waterloo Healthcare Inc., Ergotron Inc., Jaco Inc., Enovate Medical LLC, TouchPoint Medical Inc., Merino International Group LLC, Lakeside Manufacturing Inc., BiHealthcare Inc., Scott-Clark Medical Inc., Medstor Systems USA LLC, Hergo Ergonomic Support Systems Inc., Cardinal Scale Manufacturing Company, Capsa Solutions LLC, Omnicell Inc., Mid Central Medical, Medline Industries LP, Altus Inc., Armstrong Medical Industries, Inc., Modern Medical Equipment Mfg. Ltd., Omnimed Inc., Pedigo Products Inc.
North America was the largest region in the medical carts market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical carts market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the medical carts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The medical cart market consists of sales of isolation/infection control carts, medical cart accessories, medical computer carts, medication carts, MRI medical carts and pediatric emergency medical carts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Medical Carts Market Characteristics3. Medical Carts Market Trends And Strategies31. Global Medical Carts Market Competitive Benchmarking32. Global Medical Carts Market Competitive Dashboard33. Key Mergers And Acquisitions In The Medical Carts Market
4. Medical Carts Market - Macro Economic Scenario
5. Global Medical Carts Market Size and Growth
6. Medical Carts Market Segmentation
7. Medical Carts Market Regional And Country Analysis
8. Asia-Pacific Medical Carts Market
9. China Medical Carts Market
10. India Medical Carts Market
11. Japan Medical Carts Market
12. Australia Medical Carts Market
13. Indonesia Medical Carts Market
14. South Korea Medical Carts Market
15. Western Europe Medical Carts Market
16. UK Medical Carts Market
17. Germany Medical Carts Market
18. France Medical Carts Market
19. Italy Medical Carts Market
20. Spain Medical Carts Market
21. Eastern Europe Medical Carts Market
22. Russia Medical Carts Market
23. North America Medical Carts Market
24. USA Medical Carts Market
25. Canada Medical Carts Market
26. South America Medical Carts Market
27. Brazil Medical Carts Market
28. Middle East Medical Carts Market
29. Africa Medical Carts Market
30. Medical Carts Market Competitive Landscape And Company Profiles
34. Medical Carts Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
Medical Carts Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on medical carts market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for medical carts? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
- Markets Covered: 1) By Type: Anesthesia Carts; Emergency Carts; Procedure Carts; Telemedicine Cart; Other Type 2) By Material Type: Metal; Plastic; Others Type 3) By End User: Hospitals; Physician Offices; Other End User
- Companies Mentioned: ITD GmbH; Advantech Co. Ltd.; Harloff Manufacturing Co. Inc.; AFC Industries Inc.; Midmark Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- ITD GmbH
- Advantech Co. Ltd.
- Harloff Manufacturing Co. Inc.
- AFC Industries Inc.
- Midmark Corporation
- Capsa Healthcare LLC
- Bergmann Group GmbH & Co. KG
- Onyx Healthcare Inc.
- InterMetro Industries Corporation Inc.
- Waterloo Healthcare Inc.
- Ergotron Inc.
- Jaco Inc.
- Enovate Medical LLC
- TouchPoint Medical Inc.
- Merino International Group LLC
- Lakeside Manufacturing Inc.
- BiHealthcare Inc.
- Scott-Clark Medical Inc.
- Medstor Systems USA LLC
- Hergo Ergonomic Support Systems Inc.
- Cardinal Scale Manufacturing Company
- Capsa Solutions LLC
- Omnicell Inc.
- Mid Central Medical
- Medline Industries LP
- Altus Inc
- Armstrong Medical Industries, Inc.
- Modern Medical Equipment Mfg. Ltd.
- Omnimed Inc.
- Pedigo Products Inc.