Medical Carts Market Size Share, Trends, Segmentation, Top Key Players, Growth and Forecast To 2022-2031

The medical carts market studied was anticipated to witness a CAGR of 13.5% during the forecast period.

As COVID-19 infection is getting widespread globally, the requirement for patient care has increased and personal protection and medical equipment, including medical carts, are in high demand. As there is a huge inflow of patient populace across the world there is an immense need to decrease the spread of infection. Transfer of medications, the handheld diagnostic is one of the critical paths of infection spreading tools that have to be taken care of. Hence, usage of these medical carts will be increased during the pandemic for the safe administration of medications and other necessary needs to the patients and healthcare professionals. In March 2020, Midwest Products & Engineering has ramped up its production of Medical carts in order to support patient care during the COVID 19 crisis.

The major factors attributing to the increased adoption of medical carts in recent years are a rise in the number of healthcare facilities, increased healthcare burden necessitating technological advancements and innovation, and a surge of patient care. Moreover, the reduction of labor costs with the adoption of automation is likely to drive the growth of the medical carts market throughout the forecast period. In January 2019, Extron, Inc. introduced its new Versa medical electronics cart design platform. The versatile new cart design platform offers multiple height options, surfaces, handle options, metal or plastic components, multiple doors, drawer, and keyboard options, monitor mounting solutions, onboard power supply, branding options et.c.

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In Addition to this, growing geriatric population coupled with increasing burden of multiple chronic conditions leading to the the rising hospital admissions is likely to drive the market growth. According to the data from World Population Prospects: The 2019 Revision published by the United Nations, the number of older people, aged 65 years or above, is expected to more than double by 2050 globally, rising from 703 million in 2019 to 1.5 billion in 2050.

However, lack of skilled healthcare professionals to operate and high initial capital investments on customized medical carts and workstations are some of the factors expecetd to hamper the market growth.

Key Market Trends

The Emergency Carts are Expected to Hold the Largest Revenue Share in the Medical Carts Market

The emergency carts segment is expected to account for the largest market share over the forecast period. This dominance is because of the presence of several emergency care units and their higher use in the emergency care units. These carts are equipped with medical devices, supplies, or drugs used in emergency cases such as ischemic stroke, severe injuries with high bleeding cases. According to the Urgent Care Association report, as of 2019, there were around 9,616 urgent care centers all over the United States which was a distinctive increase from just over 6 thousand centers back in 2013.

Furthermore, technological advancements in the segment, such as decreased weight, enhanced mobility, and improved ergonomics, increased the preference for these medical carts and workstations among the healthcare providers, which are likely to fuel during the forecast period. In November 2020, Midwest Products & Engineering launched custom medical device carts called MACH Series that are ideal for emergency care units owing to their easy customization and configuration.

Moreover, the recent COVID-19 pandemic has led to the increased demand for emergency medical carts at emergency care facilities owing to the large patient pool globally. In February 2020, Ergotron partnered with Ingram Micro China to donate emergency medical carts to two hospitals in Wuhan, China to support the novel coronavirus outbreak in the Country.

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