Global Medical Cart Industry is Expected to Reach US$ 2,759.69 Million by 2034 at an Amazing 9.3% CAGR | FMI Reveals by report

Global Medical Cart Industry
Global Medical Cart Industry

The Global Medical Cart Industry is set for a remarkable surge, fueled by technological innovation and a growing demand for efficient healthcare delivery. According to recent market research, the sector is poised for significant growth, with a projected value of US$ 2,759.69 million by 2034, reflecting a staggering Compound Annual Growth Rate (CAGR) of 9.3% from its current valuation of US$ 1,136.9 million in 2024.

The healthcare landscape is evolving rapidly, and the demand for efficient and technologically advanced medical carts is at an all-time high. This growth is attributed to the increasing emphasis on patient care, streamlined workflows, and the integration of innovative features within medical facilities.

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Medical professionals can use these carts to transport medical supplies and equipment from one patient’s room to another safely and conveniently. According to Future Market Insights, the Global Medical Cart Industry was worth around US$ 859.6 million in 2021.

Medical Carts producers are focused on cutting-edge designs in response to rising demand for enhanced efficiency throughout hospitals. Product innovation and the expansion of hospitals and care centers will benefit the market.

Medical cart sales are predicted to increase as a result of advancements such as upgrading existing product lines, lighter designs, expanded battery capacity, and high versatility. Electronic health records and medical computer carts with built-in software will provide chances for Medical Carts industry participants.

Telemedicine carts have gained popularity as transportable patient care unit solutions as the focus on telehealth solutions has increased. These carts have the potential to improve patient care and safety while also increasing staff efficiency.

For example, Ergotron unveiled a cutting-edge update to their CareFit Pro Medical Carts in August 2021; it was built to grasp emerging workflows and prioritize healthcare professional well-being to drive patient-centered services.

“Rising needs for speed and ease of accessibility of the medical supplies, growing focus on patient safety, nursing efficiency and evolution of advanced technologies are expected to fuel growth in the Global Medical Carts Industry over the forecast period,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Global Medical Cart Industry Key Takeaways:

  • Unprecedented Growth: The projected CAGR of 9.3% showcases the unprecedented growth trajectory of the medical cart market. This growth is fueled by the ever-growing healthcare needs and the industry’s commitment to embracing cutting-edge solutions.2. Technological Advancements: The future of healthcare lies in technology, and medical carts are at the forefront of this revolution. Integration of advanced features, smart designs, and enhanced mobility options contribute to the surge in demand for these indispensable healthcare tools.

    3. Enhanced Patient Care: Medical carts play a pivotal role in enhancing patient care by providing healthcare professionals with on-the-go access to critical equipment and patient information. The market’s growth aligns with the industry’s dedication to elevating the overall quality of healthcare services.

    4. Streamlined Workflows: The market expansion is further driven by the need for streamlined workflows within medical facilities. Medical carts offer a portable and efficient solution for healthcare providers, contributing to improved efficiency and better patient outcomes.

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Competition Landscape

Key players in the Global Medical Cart Industry are focusing on tapping market potential through adopting mergers & acquisitions strategies. Strategic partnerships, mergers and acquisitions, product-line expansions, and updated product launches are the key approaches implemented by manufacturers to expand their product range and consumer base in developing as well as developed countries. For instance:

  • In February 2022, Capsa Healthcare acquired Humanscale Healthcare, which enabled the Capsa offerings to be the broadest product suite in the market and expanded its capacity to offer ergonomically personalized point-of-care computing solutions to healthcare associates worldwide.
  • In September 2021, Ergotron signed an agreement with PT Murni Solusindo Nusantara as the official distributor in Indonesia. This collaboration is aimed at accelerating business transformation.

Global Medical Cart Industry Key Players

  • Alimed Inc.
  • Advantech Co. Ltd.
  • Cybernet Manufacturing, Inc.
  • Highgrade Tech Co. Ltd.
  • Cardinal/Detecto Scale
  • Touchpoint Medical
  • Others

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Key Market Segments Covered in Global Medical Cart Industry Research

By Product Type:

  • Emergency Carts
  • Procedure Cart
  • Anesthesia Cart
  • 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
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa (MEA)

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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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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