North America Medical Carts Market Size, Trends, Industry Analysis, Overview, Share And Forecast 2023 To 2030
The North America Medical Carts Market is estimated to be valued at US$ 1,244 Mn in 2023 and is expected to exhibit a CAGR of 13 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
North America medical carts are medical trolleys or wagons used to carry medical supplies, equipment, and patient information within hospitals and medical facilities. They are typically made of metal with drawers, shelves, and locks to securely store medical equipment and confidential patient files. Medical carts offer advantages such as secure portability and convenient accessibility of equipment at the point-of-care.
Market key trends:
One of the key trends driving growth in the North America medical carts market is the rising adoption of electric medical records (EMR). EMR has streamlined workflow in healthcare facilities by enabling digital storage and sharing of patient health information across departments. Modern medical carts are now equipped with electronic features such as laptop mounts, barcode scanners, and wireless connectivity to facilitate quicker access to EMR at the bedside. This has boosted demand for technologically advanced medical carts and is expected to contribute significantly to market revenues over the forecast period.
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Segment Analysis
North America Medical Carts Market is segmented into emergency cart, procedure cart, anesthesia cart, and other carts. The procedure cart segment dominated the market in 2022 and is expected to maintain its dominance over the forecast period. Procedure carts are witnessing high demand as they help in transporting medical equipment, supplies, and pharmaceutical products from one location to another within medical facilities. They find wide application in minor procedure rooms, patient examination, and endoscopy rooms.
Key Takeaways
The North America Medical Carts Market is expected to witness high growth, exhibiting a CAGR of 13.% over the forecast period, due to increasing prevalence of chronic diseases and growth in geriatric population.
Regional analysis
By region, the US dominated the North America medical carts market in 2022 and is expected to continue its dominance over the forecast period. This is attributed to the presence of major players, well-established healthcare infrastructure, and rising healthcare spending in the country.
Key players
Key players operating in the North America Medical Carts Market are Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc. The major players are focusing on new product launches and strategic collaborations to gain a competitive edge in the market.
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