The North America Medical Carts Market is estimated to be valued at US$ 1,244 Mn or Bn 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:
Medical carts are movable equipment used for storage and transport of medical supplies, equipment, and records within healthcare facilities. They provide easy access to clinicians and help in efficient patient care.
Market key trends:
The adoption of telemedicine has increased rapidly over the past few years due to restrictions imposed during the COVID-19 pandemic. Various players in the North America medical carts market are focusing on developing smart and connected medical carts integrated with telemedicine solutions to provide virtual healthcare services. For instance, Ergotron, a medical cart manufacturer, provides cabling, mounts and other electronic accessories required to integrate medical carts with telemedicine technology. This trend is expected to continue in the forecast period.
Read More Insights @ https://www.coherentmarketinsights.com/market-insight/north-america-medical-carts-market-3659
Market key trends:
The North America medical carts market has been witnessing rising demand for mobile computing carts to improve patient care and enable convenient storage and transportation of medical equipment and supplies at the point-of-care. There has been growing adoption of battery-powered and Wi-Fi enabled medical carts integrated with electronic health records and telemedicine solutions to enhance workflow efficiencies. Manufacturers are also focusing on offering customizable carts with features like drawers, pull-out shelves, monitor mounts, and privacy screens as per department or specialty requirements.
SWOT Analysis
Strength: Presence of leading global players and availability of advanced products.
Weakness: High costs associated with customized and technologically advanced medical carts.
Opportunity: Growing telemedicine practices and increasing need for mobile computing solutions in the healthcare industry.
Threats: Intense competition and potential safety issues with battery-powered medical carts.
Key Takeaways
The North America medical carts market is expected to witness high growth, exhibiting CAGR of 13.% over the forecast period, due to increasing demand for mobile computing carts and need for improved patient care.
The United States dominates the North America medical carts market and is expected to grow at a significant rate during the forecast period. This is attributed to the presence of major market players, rising healthcare expenditure, growing geriatric population and increasing prevalence of chronic diseases in the country requiring long-term care.
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. Omnicell, Inc. and Ergotron, Inc. are recognized as innovative market leaders with their offerings of customized carts and complete solutions.