The Medical Carts Market can procure a CAGR of 12.1% over the appraisal period (2017 to 2023), says MRFR (Market Research Future).
Major Boosters and Barriers
Healthcare industry is primarily focused on offering hassle-free, smoother, and convenient patient care, which makes it absolutely important to make use of advanced medical carts. Over the past few years, preference for compact medical devices that streamline clinical workflows, like informative documentation of inpatient admissions, medication recording and supplies for fluid administration has soared, which has been favorable for the medical carts industry to a large extent. Increasing need to assist the medical staff, especially in view of the rising number of surgeries can further bolster the growth trajectory.
Medical cart integrated with a tablet PC has emerged as a vital component on a surgical floor, fast replacing separate computers and carts. As a result, the demand for medical computer carts has risen considerably, as critical care units generally need these systems, given the restricted floor space. Also, the mounting efforts given by healthcare vendors to provide consistent supply will fuel business growth in the ensuing years.
Striking growth in the number of musculoskeletal injuries paired with the surging preference for electronic medical records will bolster the growth of the medical carts market. Powered medical carts market is also turning lucrative, on account of the increasing technical advances in terms of better construction, features, options and configuration. Rising availability of the latest types of medical carts on e-commerce channels and their escalating demand for use at homes should further benefit the global market. Medical carts are increasingly being used at home as these systems offer a host of ergonomic benefits and smoother workflow solutions to curb laborious tasks while providing enhanced patient and personal care. This factor could act as a growth rendering factor for the bedside carts market in the near future, especially since the global elderly patient pool that is bedridden has been expanding at a rapid pace.
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Medical carts market has been segmented with respect to product type, type, material type, and end-users.
Product types considered are medication carts, wall-mounted workstations, medical storage columns, mobile computing carts, and others.
Types of medical carts include computer medical cart, procedure cart, anesthesia carts, emergency cart, and others.
Depending on material type, the segments are plastic type, metal type, and more.
Market end-users are ambulatory surgical centers, hospitals and clinics, and more.
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Europe, the Americas, APAC or Asia Pacific, as well as MEA or Middle East and Africa are the main markets for medical carts worldwide.
Sales of medical carts in the Americas should boom phenomenally in the following years, with majority of the players focusing on exploring new avenues to achieve a competitive edge over their rivals in the region. This, along with the well-established healthcare system and the rising adoption of innovative carts in Canada as well as the US can foster further market expansion. Medical device manufacturers in the region are largely focused on developing advanced medical carts with better features, thereby striving to modify their product portfolio to include newer products like automated dispensing systems, clinical workstations with batteries and security drawers.
European market for medical carts is in the second place and seems to be making rapid progress on the back of surging number of EHR incentive programs and the rising focus on enhancing patient engagement across hospitals. Electric medical carts and medical computer carts are witnessing robust sales in the region, thanks to the players’ growing emphasis on elevating nursing efficiency as well as the soaring need to cut down hospital costs.
However, the fastest advancing market will be APAC, in view of the expanding healthcare sector and the growing focus on enhancing patient care. The surge in healthcare expenditure, and healthcare firms working on developing low-cost, technology driven devices and solutions should also benefit the APAC industry.