Tuesday 17 September 2024

U.S. Medical Carts Market Size is Predicted to Witness 12.4% CAGR till 2030

 

The U.S. medical carts market is anticipated to reach USD 2.02 billion by 2030 and is anticipated to expand at a CAGR of 12.4% from 2024 to 2030, according to a new report by Grand View Research, Inc.Market growth can be attributed to the increasing adoption of EMR in hospitals, the rise in the volume of hospitals & urgent care centers, growing hospital admissions, surge in the geriatric population, and technological advancements. Moreover, the integration of telemedicine capabilities into medical carts is expected to boost the market over the forecast period.

An increasing trend of customization in medical carts has been witnessed due to changing user preferences. This factor directly impacts the design of medical carts. Manufacturers are constantly striving to address the different needs of end users in the medical care business as a result of this trend. One of the most prominent design trends is the use of traditional medical carts with customizable options. With this customization, manufacturers can provide customers with options to build medical carts based on their needs while being cost-effective. It can be customized to carry proper equipment for all possible situations. These include cardiac response carts, emergency room carts, crash carts, and surgical support carts. The aforementioned factors are likely to augment market growth. 

The growing geriatric population, highly susceptible to chronic diseases, is further expected to drive the demand for comfort medical carts designed to meet the unique needs of elderly patients and enhance their overall comfort and well-being. According to the U.S. Census Bureau 2023 statistics, the number of Americans aged 65 & older is anticipated to surge from 58 million in 2022 to 82 million by 2050, and the 65-and-older age group’s share of the total population is expected to rise from 17% to 23%. Patients in these age brackets are vulnerable to multiple chronic conditions and necessitate greater patient safety & care. Several preexisting conditions commonly affect these people. In addition, ED setting contributes to changes in vision and hearing, declines in functional reserve, and cognitive impairment. These issues are resolved using comfort carts, driving the market growth.

List of Key Players in the U.S. Medical Carts Market

  • Medline Industries, Inc.
  • Ergotron, Inc.
  • Midmark Corporation
  • The Harloff Company
  • Waterloo Healthcare (Bergmann Group)
  • AFC Industries, Inc.
  • Capsa Healthcare
  • Enovate Medical
  • GCX Corporation (Jaco, Inc.)
  • Altus, Inc.
  • TouchPoint Medical

Request a free sample copy or view report summary: U.S. Medical Carts Market Report

U.S. Medical Carts Market Report Highlights

  • The computer workstations segment dominated the market with a share of 59.98% in 2023. Amongst, the powered segment dominated the market in terms of energy source, owing to need for continuous, reliable power supply to support critical medical applications and electronic health records.
  • The medication delivery segment dominated the market with a share of 29.81% in 2023, as these workstations streamline the process of medication administration. Key drivers include the need for accurate patient data access, improved workflow efficiency, and enhanced safety protocols in healthcare settings.
  • The emergency carts segment dominated the market with a share of 40.72% in 2023. This dominance is driven by the increasing number of emergency room visits and the emphasis on improving response times and patient outcomes during emergencies.
  • The hospital segment dominated the market with a share of 35.45% in 2023, owing to a wide range of medical specialties and complex patient cases, necessitating advanced technology solutions.
  • The physician offices/ clinics/office-based labs segment dominated the market with a share of 21.86% in 2023. The segment has witnessed considerable growth due to the increasing need for efficient electronic health record (EHR) management and patient data integration. These workstations enhance workflow efficiency and accuracy in clinical settings, supporting better patient outcomes and streamlined operations.

U.S. Medical Carts Market Report Scope

Report Attribute

Details

 Market size value in 2024

USD 1.05 billion

Revenue forecast in 2030

USD 2.02 billion

Growth rate

CAGR of 12.4% from 2024 to 2030

Actual data

2018 - 2023

Forecast period

2024 - 2030

 

Related Press Release@ U.S. Medical Carts Industry Analysis Report

U.S. Medical Carts Market Segmentation

Grand View Research has segmented the U.S. medical carts market based on product, application, type, end-use, and distribution channel:

U.S. Medical Carts Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Computer Workstations
    • Energy Source
      • Powered
      • Non-powered
    • Configuration
      • Wall-mounted
      • Mobile
  • Medication Carts
  • Medical Storage Columns, Cabinets & Accessories
  • Others

U.S. Medical Carts Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Medical Documentation
  • Medical Equipment
  • Medication Delivery
  • Telehealth Workstation
  • Others

U.S. Medical Carts Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Anesthesia Carts
  • Emergency Carts
  • Procedure Carts
  • Others

U.S. Medical Carts End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals
  • Ambulatory Surgical Centers
  • Physician Offices/ Clinics/ Office Based Labs
  • Skilled Nursing Facilities
  • Others

U.S. Medical Carts Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

  • Med Surge Distribution
  • IT/ CDW/ VAR-Value Added Reseller

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About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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