Overview and Scope
A medical cart refers to typically portable equipment that is configured with drawers, colors, locking mechanisms, and other characteristics to help them store and organize materials and equipment used in various medical operations. The medical cart is used in hospitals to help medical professionals in transporting medical supplies by using trolleys.
Sizing and Forecast
The medical carts market size has grown rapidly in recent years. It will grow from <b>$2.39 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. </b> The growth in the historic period can be attributed to rise of electronic health records (ehr), patient-centric care, hospital modernization, healthcare regulations, aging population,
The medical carts market size is expected to see rapid growth in the next few years. It will grow to <b>$4.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. </b> The growth in the forecast period can be attributed to green and sustainable design, emergency preparedness, point-of-care testing, customization for specialty care, interoperability standards. Major trends in the forecast period include internet of things (iot)-enabled medical carts, artificial intelligence (ai)-assisted care, green and sustainable design, artificial intelligence (ai)-based inventory management, remote patient monitoring.
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Segmentation & Regional Insights
The medical carts market covered in this report is segmented –
1) By Type: Anesthesia Carts, Emergency Carts, Procedure Carts, Telemedicine Cart, Other Type
2) By Material Type: Metal, Plastic, Others Type
3) By End User: Hospitals, Physician Offices, Other End User
<b>North America</b> was the largest region in the medical carts market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the forecast period. Theregions covered in the medical carts market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising adoption of electronic health records (EHR) is expected to propel the growth of the medical cart market going forward. An electronic health record (EHR) is an electronic version of a patient’s medical history that is kept up to date. Medical carts with batteries can travel with healthcare professionals, which improves EHR accessibility. For instance, according to Health IT, a US-based organization that represents and serves all types of hospitals and healthcare networks, nearly 9 in 10 (88%) of US office-based physicians had adopted any EHR, and nearly 4 in 5 (78%) had adopted a certified EHR in 2021 . Therefore, the rising adoption of electronic health records (EHR) is driving the growth of the medical cart market.
Key Industry Players
Major companies operating in the medical carts market include <b> ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co. Inc., AFC Industries Inc., Midmark Corporation, Capsa Healthcare LLC, Bergmann Group GmbH & Co. KG, Onyx Healthcare Inc., InterMetro Industries Corporation Inc., Waterloo Healthcare Inc., Ergotron Inc., Jaco Inc., Enovate Medical LLC, TouchPoint Medical Inc., Merino International Group LLC, Lakeside Manufacturing Inc., BiHealthcare Inc., Scott-Clark Medical Inc., Medstor Systems USA LLC, Hergo Ergonomic Support Systems Inc., Cardinal Scale Manufacturing Company, Capsa Solutions LLC, Omnicell Inc., Mid Central Medical, Medline Industries LP, Altus Inc, Armstrong Medical Industries, Inc., Modern Medical Equipment Mfg. Ltd., Omnimed Inc., Pedigo Products Inc. </b>
The medical carts market report table of contents includes:
1. Executive Summary
2. Medical Carts Market Characteristics
3. Medical Carts Market Trends And Strategies
4. Medical Carts Market – Macro Economic Scenario
5. Global Medical Carts Market Size and Growth
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26. South America Medical Carts Market
27. Brazil Medical Carts Market
28. Middle East Medical Carts Market
29. Africa Medical Carts Market
30. Medical Carts Market Competitive Landscape And Company Profiles
Top Major Players:
- ITD GmbH
- Advantech Co. Ltd
- Harloff Manufacturing Co. Inc
- AFC Industries Inc
- Midmark Corporation
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