According to a report by Grand View Research, Inc., global medical carts market is predicted to reach at USD 4.55 billion by 2025. Growing number of geriatric population prone to chronic diseases is anticipated to be the key factor for driving the medical carts market demand. These medical carts help caregivers in providing essential assistance to their patients in the best possible manner. Rising cases of chronic diseases owing to changing consumer lifestyle are likely to influence the market growth during the forecast period (from 2018 to 2025). Growing adoption of advanced medical facilities in hospitals and other medical centers can also augment the demand for medical carts.
Increasing use of small handled devices to manage routine clinical workflows such as detailed documentation of inpatient admissions, medication recording, and supplies is also said to contribute toward market development. Growing need for extra help for surgical and medical staff is anticipated to stimulate the market growth in the forthcoming years. The medical carts market can be segregated on the basis of product, type, end-use, and region. Based on product, the market can be categorized into medication, mobile computing, wall-mounted, storage columns, cabinets, & accessories, and others.
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Based on type, the market can be classified into emergency, anesthesia, procedure, and others. In 2016, emergency medical carts dominated the market and accounted for the maximum revenue share. As the name suggests, emergency medical carts are used in emergency care units to prevent patients from catching possible infections. Such carts are easy to clean and carry medical devices or drugs for emergency situations. Properties such as lightweight design, improved mobility, and better ergonomics are likely to boost the demand for these medical carts during the forecast period. The procedure segment is likely to gain popularity in the forthcoming years owing to increasing use of these carts in multiple hospital settings.
In addition, these medical carts are used during operating procedures such as endoscopy and cardiology. This, in turn, is expected to fuel the product demand during the forecast period. Based on end-use, the market can be divided into ambulatory surgical centers, physician offices or clinics, hospitals, and others. Hospitals segment is expected to witness significant growth during the forecast period. Easy availability of technologically advanced medical carts offering advantages such as security, adjustment, and efficiency can fuel segment development. In addition, increasing focus on patient engagement coupled with growing adoption of Electronic Health Record or HER incentive program in hospitals can also influence market growth.
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In addition, the physician offices & clinics segment is also predicted to grow well in the forthcoming years due to high product demand. Rising need for one-step solutions that can be utilized for multiple medical purposes are projected to influence market growth. In clinics and physicians’ offices, medical carts are used to carry medical equipment, storage cabinets, and computers. Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East & Africa. In 2016, North America dominated the market and accounted for the maximum revenue share. It is likely to expand further at a similar growth rate during the forecast years.
Presence of streamlined healthcare facilities coupled with easy availability of integrated healthcare IT systems can fuel market growth in North America. In addition, development of advanced medical carts from local manufactures of medical devices are also likely to stimulate market demand. In Asia Pacific, the market is anticipated to witness a substantial growth as a result of the development of low cost devices by local manufacturers offering high-efficiency products. Some of the leading companies offering medical carts are Advantech Co., Ltd.; AFC Industries; JACO, Inc.; Ergotron, Inc.; and Enovate Medical.
Most of these manufacturing companies are focusing on R&D activities to offer new and innovative medical carts. For instance, Ergotron recently launched its new medical cart named Lean WOW cart. Its small footprint and mobile functionality support caregivers to take it along to the Point-oOf-Care (PoC) and document easily while standing or sitting.
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