The global medical carts market accounted for USD 3.06 billion in 2023 and is expected to reach at USD 17.06 billion by 2034 with a CAGR of 16.91% during the forecast period 2024-2034. Increasing prevalence of musculoskeletal injuries (MSI), expanding integration of electronic medical records (EMR) within hospital settings, rise in the number of individuals affected by musculoskeletal issues, growing aging population, emergence of telemedicine, surge in advancement of medical carts, increased adoption of patient engagement solutions, stronger emphasis on efficient care delivery, rising adoption of healthcare IT solutions, and growing introduction of innovative medical carts are some of the key factors boosting the market growth.
Growing introduction of innovative medical carts is predicted to boost the market growth during the forecast period. The newly developed medical carts are equipped with various IT solutions to facilitate effortless storage and access to medical supplies. The ongoing efforts of manufacturers to introduce innovative advancements in their medical carts have significantly contributed to the market's growth. For instance, in November 2022, DETECTO has introduced its latest Customized MobileCare medical carts, which are innovative and highly adaptable. Three alternative lock choices are available for these carts: rapid release, keyed, and electronic (RFID with three distinct frequencies and a full-color touchscreen pin code).
By product, mobile computing carts was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the increased usage of point-of-care facilities is driven by their portability, space efficiency, & comprehensive solutions for various clinical needs, and surge in the adoption of technological applications such as telemedicine, patient education, and engagement. Additionally, wall-mounted workstations is predicted to grow at the fastest CAGR during the forecast period owing to the advantages include optimizing floor space, reducing the transmission of infectious diseases, increasing awareness among patients & healthcare professionals regarding computer utilization in healthcare, and the continuous introduction of new products. For instance, in July 2022, Holo Industries LLC introduced the 'HoloMed' series, a groundbreaking range of holographic inserts designed for medical carts, patient monitors, and similar equipment. These inserts effectively eliminate surface contact and touchpoints, thereby safeguarding both patients and hospital staff and reducing the transmission of Healthcare-Associated Infections (HAIs).
By type, emergency was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the rising uptake in emergency rooms, heightened risk of infectious diseases within emergency care facilities, and increase in initiatives by prominent market participants. For instance, in September 2023, The Louisville Metro Health Department kindly contributed medical carts to high schools within Jefferson County Public Schools (JCPS), including Waggener. These carts are stocked with essential supplies such as epi-pens, asthma treatments, "stop the bleed" kits, and Narcan, with the goal of improving emergency readiness. Additionally, procedure carts is predicted to grow at the fastest CAGR during the forecast period as they are regularly utilized in numerous surgical procedures, including cardiology & endoscopy, while also facilitating access to crucial therapeutics.
By end-user, hospitals was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the surge in advancement of medical mobile workstations technology, heightened emphasis on patient engagement, increasing focus on enhancing nursing efficiency & ensuring convenient access to essential medical supplies & equipment within hospital settings, and surge in collaborations within market players. For instance, in October 2023, OSF HealthCare collaborated with Summit Venture Studio to license and scale up Medical Cart AR, an augmented reality training application created by OSF Innovation. This app aids healthcare professionals in quickly identifying essential equipment during medical crises. Additionally, physician offices or clinics is predicted to grow at the fastest CAGR during the forecast period owing to the increasing use of mobile workstations among clinics, growing recognition & demand for compact, all-in-one solutions capable of accommodating various medical needs. These carts, equipped with medication, medical equipment, computers, and storage cabinets, are portable and cater to a wide range of medical requirements.
North America region is anticipated for the highest revenue share during the forecast period owing to the increased government investments in innovative medical device development, the presence of key industry players & favorable reimbursement conditions, rising prevalence of chronic kidney diseases (CKD), growing demand for home dialysis, and surge in adoption of advanced technologies. For instance, in November 2022, Centura Health, based in Centennial, Colorado, has strengthened its telehealth capabilities by integrating remote patient monitoring (RPM), medical carts, and the Epic Electronic Health Record (EHR) system. This strategic move is aimed at harmonizing their digital approach with the capabilities of EHR, enabling comprehensive and adaptive care for individuals. Additionally, Europe region is predicted to grow at fastest CAGR during the forecast period owing to the increasing need for medical carts, rising investments in research & development, growing healthcare expenditure, heightened focus on developing cost-effective solutions with improved efficiency, and surge in the introduction of advanced systems. For instance, in March 2022, Royal Philips unveiled the Ultrasound Workspace during the American College of Cardiology’s Annual Scientific Session & Expo (ACC 2022). This solution, known as Philips Ultrasound Workspace, is a cutting-edge, vendor-neutral platform for analyzing and reporting echocardiography images. It offers remote accessibility through a web browser.
Growing introduction of innovative medical carts is predicted to boost the market growth during the forecast period. The newly developed medical carts are equipped with various IT solutions to facilitate effortless storage and access to medical supplies. The ongoing efforts of manufacturers to introduce innovative advancements in their medical carts have significantly contributed to the market's growth. For instance, in November 2022, DETECTO has introduced its latest Customized MobileCare medical carts, which are innovative and highly adaptable. Three alternative lock choices are available for these carts: rapid release, keyed, and electronic (RFID with three distinct frequencies and a full-color touchscreen pin code).
By product, mobile computing carts was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the increased usage of point-of-care facilities is driven by their portability, space efficiency, & comprehensive solutions for various clinical needs, and surge in the adoption of technological applications such as telemedicine, patient education, and engagement. Additionally, wall-mounted workstations is predicted to grow at the fastest CAGR during the forecast period owing to the advantages include optimizing floor space, reducing the transmission of infectious diseases, increasing awareness among patients & healthcare professionals regarding computer utilization in healthcare, and the continuous introduction of new products. For instance, in July 2022, Holo Industries LLC introduced the 'HoloMed' series, a groundbreaking range of holographic inserts designed for medical carts, patient monitors, and similar equipment. These inserts effectively eliminate surface contact and touchpoints, thereby safeguarding both patients and hospital staff and reducing the transmission of Healthcare-Associated Infections (HAIs).
By type, emergency was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the rising uptake in emergency rooms, heightened risk of infectious diseases within emergency care facilities, and increase in initiatives by prominent market participants. For instance, in September 2023, The Louisville Metro Health Department kindly contributed medical carts to high schools within Jefferson County Public Schools (JCPS), including Waggener. These carts are stocked with essential supplies such as epi-pens, asthma treatments, "stop the bleed" kits, and Narcan, with the goal of improving emergency readiness. Additionally, procedure carts is predicted to grow at the fastest CAGR during the forecast period as they are regularly utilized in numerous surgical procedures, including cardiology & endoscopy, while also facilitating access to crucial therapeutics.
By end-user, hospitals was the highest revenue-grossing segment in the global medical carts market in 2023 owing to the surge in advancement of medical mobile workstations technology, heightened emphasis on patient engagement, increasing focus on enhancing nursing efficiency & ensuring convenient access to essential medical supplies & equipment within hospital settings, and surge in collaborations within market players. For instance, in October 2023, OSF HealthCare collaborated with Summit Venture Studio to license and scale up Medical Cart AR, an augmented reality training application created by OSF Innovation. This app aids healthcare professionals in quickly identifying essential equipment during medical crises. Additionally, physician offices or clinics is predicted to grow at the fastest CAGR during the forecast period owing to the increasing use of mobile workstations among clinics, growing recognition & demand for compact, all-in-one solutions capable of accommodating various medical needs. These carts, equipped with medication, medical equipment, computers, and storage cabinets, are portable and cater to a wide range of medical requirements.
North America region is anticipated for the highest revenue share during the forecast period owing to the increased government investments in innovative medical device development, the presence of key industry players & favorable reimbursement conditions, rising prevalence of chronic kidney diseases (CKD), growing demand for home dialysis, and surge in adoption of advanced technologies. For instance, in November 2022, Centura Health, based in Centennial, Colorado, has strengthened its telehealth capabilities by integrating remote patient monitoring (RPM), medical carts, and the Epic Electronic Health Record (EHR) system. This strategic move is aimed at harmonizing their digital approach with the capabilities of EHR, enabling comprehensive and adaptive care for individuals. Additionally, Europe region is predicted to grow at fastest CAGR during the forecast period owing to the increasing need for medical carts, rising investments in research & development, growing healthcare expenditure, heightened focus on developing cost-effective solutions with improved efficiency, and surge in the introduction of advanced systems. For instance, in March 2022, Royal Philips unveiled the Ultrasound Workspace during the American College of Cardiology’s Annual Scientific Session & Expo (ACC 2022). This solution, known as Philips Ultrasound Workspace, is a cutting-edge, vendor-neutral platform for analyzing and reporting echocardiography images. It offers remote accessibility through a web browser.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
Study Coverage
- Market Forecast by Type, Material, Product, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Medical Carts Market Report 2023 - 2034
Medical Carts Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Medical Storage Columns, Cabinets, & Accessories
- Wall-mounted Workstations
- Mobile Computing Carts
- Medication
- Others
Medical Carts Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Emergency
- Anesthesia
- Procedure
- Others
Medical Carts Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Ambulatory Surgical Centers
- Hospitals
- Physician Offices or Clinics
- Others
Medical Carts Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Medical Carts Market: Product Estimates & Trend Analysis
8. Medical Carts Market: Type Estimates & Trend Analysis
9. Medical Carts Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Medical Carts Market
12. Europe Medical Carts Market
13. Asia Pacific Medical Carts Market
14. Latin America Medical Carts Market
15. MEA Medical Carts Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Capsa Healthcare
- Medline Industries Inc.
- Enovate Medical
- Harloff Manufacturing Co.
- CompuCaddy
- Armstrong Medical Inc.
- TOUCHPOINT MEDICAL INC.
- Omnicell Inc.
- Hergo Ergonomic Support Systems Inc.
- Altus Health System
- Market Lab Inc.
- GCX Corporation
- McKesson Medical-Surgical Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 3.06 Billion |
| Forecasted Market Value ( USD | $ 17.06 Billion |
| Compound Annual Growth Rate | 16.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
