Medical Carts Market size is expected to grow significantly from 2020 to 2026. A rising incidence of illnesses and chronic diseases, and an increasing number of people undergoing surgeries will propel the medical carts industry. Medical carts are primarily used in hospitals for charting, medication and anesthesia delivery, and in surgical procedures. An increasing number of patients will thus propel the product demand from end-users, fostering the medical carts industry growth. Furthermore, increasing use of electronic charting in hospitals coupled with technological advancements in medical carts will fuel the product demand. These factors will contribute to the medical carts market growth.
Focus of the market players on development of technologically advanced products and increasing sophistication of hospital infrastructure will be a positive impact rendering factor for the medical carts market demand. Availability of medical carts with support for electronic record keeping and battery-powered technology will boost the product demand. Furthermore, as hospital infrastructure grows increasingly sophisticated, there will be a demand for modern medical carts. These above-mentioned factors will boost product demand, thereby propelling the medical carts industry growth.
The computer medical carts market value will witness lucrative growth over the forecast period. Computer medical carts incorporate a display such as a monitor or a laptop or a tablet and are used for electronic record keeping. Advantages associated with electronic record keeping such as ease of use and reduced probability of error will boost product demand. Furthermore, increasing adoption of electronic data systems and integration of health systems, that require interoperability of data in hospitals will boost the product demand. Hence, these factors will foster the market growth.
By material, the medical carts market is classified into metal and plastic. The metal carts segment is forecasted to exhibit significant growth over the analysis timeframe. Resistance to corrosive disinfectants used in hospitals and durability offered by the metal medical carts will augment the product demand. Furthermore, metal carts do not chip or crack and thus are less prone to contamination that might occur in plastic carts. These advantages offered by metal carts will contribute to the segmental expansion.
Medical carts are segmented into treatment, logistics, and equipment carts by application. Treatment medical carts are predicted to witness substantial growth across the forecast years. Treatment medical carts are used in surgical procedures to store medication and equipment and deliver anesthesia to patients. An increasing number of patients undergoing surgeries will boost the product demand. The growing number of patients can be attributed to increasing incidence of diseases, chronic illnesses and growing cases of trauma injuries due to accidents. Thus, these factors will boost the medical carts market growth.
Medical carts are used in hospitals, clinics, ambulatory surgical centers (ASCs), and veterinary clinics. The ASC segment is poised to witness significant growth over the forecasted years. The high growth can be attributed to the increasing number of ASCs across the globe. Advantages of ASCs such as low cost of surgery, no overnight stays, and a less stressful environment as compared to hospitals will contribute to the segmental growth. An increasing number of ASCs will lead to higher demand for medical carts in these facilities. Hence, the above-mentioned factors will boost the market demand.
Asia Pacific medical carts market share will witness lucrative growth over the forecast period. The growth can be attributed to the growing sophistication of hospitals in the region and emergence of low-cost manufacturers in south Asian countries. Furthermore, the Asia Pacific region is a hot bed for medical tourism, therefore in order to cater to these patients there will be an increased demand for sophisticated medical carts. These above-mentioned factors will boost the regional medical carts industry.
Some of the prominent players operating in the medical carts industry share include Ergotron, ITD GmbH, Midmark Corporation, AFC Industries, Omnicell Inc., Harloff Manufacturing Co., and the Bergmann Group. These industry players are focusing on strategies such as innovative product launches, and strategic partnerships in a bid to capture market share.
Medical Carts Market, By Product, 2015-2026 (USD Million)
Medical Carts Market, By Material, 2015-2026 (USD Million)
Medical Carts Market, By Application, 2015-2026 (USD Million)
By End-use, 2015-2026 (USD Million)
The above information is provided for the following regions and countries: