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Global Medical Carts Market to Grow at a CAGR of 14.10% During 2022-2027, Aided by the Rising Cases of Cardiovascular and Musculoskeletal Injuries

According to a new report by EMR titled, ‘Global Medical Carts Market Report and Forecast 2022-2027’, the global medical carts market reached a value of around USD 2.73 billion in 2021. The market is expected to grow at a CAGR of 14.10% in the forecast period of 2022-2027 to attain a value of nearly USD 6.03 billion by 2027.

The medical carts market is driven by the rising cases of cardiovascular and musculoskeletal injuries among the geriatric population. The geriatrics are susceptible to injuries, muscle rupture, and various kinds of infection, especially when admitted to the intensive care or emergency care unit. The medical carts bolster the efficiency of treatment and are known to save significant amount of time of doctors and nurses. Over the forecast period, the rising admission rates of geriatric population in hospitals and ambulatory surgical centres is likely to be a major driving factor of the market.

The emergence of the e-commerce industry in the developing and developed economies of the world has proved to be a boon for the market. High-quality medical carts made up of stainless steel are available on the e-commerce platforms such as Amazon (NASDAQ: AMZN). The recently developed EVO cart by JACO Inc. (OTCMKTS: JACO) is a lightweight cart and is very easy to control. The product is developed for the use in point-of-care workstations. It is known to be the first-of-its-kind durable and reliable wall arm EHR.

In terms of region, North America is likely to account for a significant share in the market, owing to the growing adoption of emergency medical carts, anesthesia carts and computer medical carts in hospitals, clinics, and ambulatory surgical centres. The market in the region is anticipated to be bolstered by the presence of integrated and efficient healthcare IT systems in the United States of America and Canada. The rising disposable income, reimbursement policies provided by the government, and technological advancements in the healthcare infrastructure in the region is likely to augment the market growth.

Market Breakup by Products, Types, Material Types, End Uses and Region:

  • The market is segmented on the basis of product into medical storage columns, wall-mounted workstations, mobile computing carts, and medication carts, among others.
  • The types of products in the market include emergency carts, procedure carts, anesthesia carts, and computer medical carts, among others.
  • The market can be segmented on the basis of material type into metal, and plastic, among others.
  • The significant end uses of the product include hospitals and clinics and ambulatory surgical centres, among others.
  • The regional markets for global market for medical carts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for medical carts is driven by the rising application of the product in hospitals and clinics and ambulatory surgical centres.
  • The growing adoption of emergency and computer medical carts by the doctors, physicians, and nurses in hospitals is likely to augment the market growth in the forecast period.
  • The market is anticipated to be bolstered by the susceptibility of the geriatrics to various infections in the intensive or emergency care units.
  • The market will further be aided by the rising cases of cardiovascular diseases and musculoskeletal injuries.

Key Offerings of the Report:

  • The EMR report gives an overview of the global medical carts market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the products, types, material types, end uses and regions of medical carts.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global medical carts market are InterMetro Industries Corporation, The Harloff Company, Armstrong Medical Inc., CAPSA Healthcare, Ergotron, Inc., and Medline Industries Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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