The global Medical Carts Market is estimated to be valued at US$ 8.91 Mn or Mn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
They provide advantages like portability, mobility, security and storage at point of care. Growing adoption of electronic health records and hospital infrastructure improvement are driving demand.
Market key trends:
The integration of medical carts with Electronic Health Records (EHR) is one of the key trends in the market. Increasing usage of EHR helps in storing and accessing patient data digitally from medical carts at patient bedside. This allows clinicians to review patient records, place orders and write notes directly from the point of care. It improves workflow efficiency and medical documentation process in hospitals.
Market key trends:
Medical Carts Market Size is witnessing increasing adoption of telemedicine carts and point-of-care carts. Telemedicine carts enable remote consultations between physicians and patients, improving access to specialized healthcare. Point-of-care carts are used to deliver care at the patient’s bedside, minimizing treatment delays. Manufacturers are also developing mobile computer carts integrated with IoT sensors and software to optimize workflows and enhance patient monitoring.
SWOT Analysis:
Strengths: Rising demand for mobile computing devices in healthcare settings. Medical carts offer convenience and flexibility of moving medical equipment to wherever needed.
Weaknesses: Higher costs compared to conventional stationary equipment. Issues of device security and data privacy with wireless medical carts.
Opportunities: Growth in telehealth and telemedicine providing opportunities for telemedicine cart adoption. Increasing focus on decentralized and home-based healthcare further driving demand.
Threats: Threat from tabletop medical computers and all-in-one equipment replacing conventional carts. Consolidation among medical device suppliers leading to lesser choices.
Key Takeaways:
The global medical carts market is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period, due to increasing adoption of telemedicine and bedside computers.
The market size for medical carts was valued at US$ 8.91 billion in 2023. North America dominated the medical carts market owing to rapid technological advancements and implementation of strict patient safety and hospital regulations in the region.
Key players operating in the medical carts market are AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical. Hospitals & clinics are projected to remain the largest end users of medical carts during the forecast period.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
