Medical carts offer enhanced pharmaceutical storage and organization solutions for controlled medication safety, and the ability to mobilize patient medical information. Modern medication storage and organization requires an attractive, configurable medication cart design that offers maximum capacity, durable construction, and premium workflow accessories.
Various peripherals including label makers, printers, scanners, different drawer configurations, sharps containers, chart holders, wastebaskets, and others with useful features and attachments can be added to medical cart to optimize its utility and functioning. For instance, in the acute care setting, medical carts have a barcode scanner, where the patient’s wrist and the medications can be scanned to improve patient’s safety during administering medications.
Increasing number of hospitalization cases or hospital visits due to rising incidences of trauma, injury, and infection are major factors driving the medical carts market growth. For instance, according to World Health Organization (WHO) factsheet in 2018, each year there are around 37.3 million falls, which requires medical attention whereas estimated 646,000 individuals die from falls globally every year.
Orthopedic cart includes casts and splints for treatment of strains, sprains, and fractures. Growing cases of orthopedic trauma is expected to increase demand for orthopedic carts, which will eventually drive growth of the medical carts market. For instance, according to International Osteoporosis Foundation statistics, 2017, an estimated 8.9 million fractures are caused annually by osteoporosis, resulting in an osteoporotic fracture every 3 seconds, with around 1.6 million hip fractures occurring globally each year, which is expected to reach 4.5 million by 2050.
The global medical cart market size was valued at US$ 2.2 billion in 2017, and is expected to witness a CAGR of 9.7% over the forecast period (2018 – 2026).
Global Medical Carts Market Revenue (US$ Mn), By End User, 2017
Source: Coherent Market Insights Analysis (2018)
Increasing Application of Medical Carts in Hospitals is expected to drive the Medical Carts Market Revenue
Medical cart is majorly used at hospitals as it can provide clinicians with significant workflow benefits. Increasing adoption of electronic health record (EHR) coupled with demand for real-time electronic data access and entry at the patients’ bedside are the other important factors, which are expected to drive growth of the medical carts market. Mobile medical carts provide means to transport sophisticated videoconferencing equipment to the patients’ bedside, allowing physicians to conduct thorough examinations remotely.
Moreover, medical carts provide a convenient way to bring computer-based patient education program (such as videos, games, and reference material) to bedside. Therefore, technological advancements in mobile carts can meet the needs of multiple applications, and further aid healthcare facilities, patients, and clinicians.
Medical Cart Market - Restraints
Stringent government regulation and technological limitations in developing new carts can hamper growth of the medical carts market during the forecast period. Medical carts device falls under International Electrotechnical Commission (IEC) 60601-1 risk management testing and therefore, should be tested thoroughly to meet all FDA regulations.
In December 2016, FDA notified healthcare providers across the U.S. that their mobile medical carts may be a fire hazard. Lithium and lead acid batteries used in crash carts, medication dispensing carts, and other carts used for point-of-care services, barcode scanning, and patient monitoring can overheat, produce dangerous smoke, catch fire or even explode. Therefore, manufacturers are required to meet all the FDA norms and policies before launching or marketing new products. These factors might be a restrain in growth of the medical carts market.
Medical Cart Market - Regional Insights
On the basis of region, the global medical cart market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. In 2026, North America is expected to hold the dominant position in the global medical cart market, owing to its developed medical facilities in comparison to emerging economies and high presence of industry manufacturers generating major revenue.
Asia Pacific medical carts market is expected to increase at the highest CAGR during the forecast period. Key market players are focusing on developing cost-effective devices with improved efficiency in order to enter the market, eventually driving growth of the regional medical cart market revenue. Moreover, increasing burden of medical emergency, trauma, and other diseases on hospitals is also an important factor impacting growth of the market. For instance, according to the WHO 2018 report, over 100,000 people in India suffer from burns every year, while burns are the second most common injury in Nepal accounting for 5% of disabilities.
Global Medical Carts Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2026
Source: Coherent Market Insights Analysis (2018)
Medical Carts Market - Competitive Landscape
Key players operating in the global medical cart market include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical. Manufacturers are focusing on designing medical carts with precision to ensure efficiency and convenience. Some industry players provide customized medical carts depending on the organization’s needs.
Medical carts are defined as a trolley used to carry all the medical equipment while operating or treating patients. It holds cabinets with drawers and trays, which are used for various procedures such as surgical, medical, and therapeutic modalities. These carts are widely used in hospitals, clinics, and others for keeping drugs, equipment, medical tools, and medical devices. These carts save valuable time and efforts of healthcare professionals involved in repetitive rounds for medication planning and tedious patient data recording through easy treatment plan and medication management.
Rising cases of various medical emergencies, trauma, and other chronic and acute diseases are increasing the number of patients’ visit in hospitals and eventually driving growth of the Medical Carts Market size. Increasing number of trauma associated with road accidents and other causes is expected to propel demand for emergency medical carts. For instance, according to Global Burden of Disease report published by Lancet in 2015, road injuries is one of the leading cause amongst 20 causes of disease burden worldwide.
Moreover, increasing number of surgical procedures is also expected to support medical carts market’s growth during the forecast period. For instance, according to National Centre for Biotechnology Information (NCBI) 2015 report, in the U.S., around 175,000 umbilical hernia repairs are performed each year. Increasing prevalence of various chronic diseases such as diabetes, cardiovascular diseases, cancers, and genetic disorders also increases patient visits to hospitals, clinics, diagnostic centers, and ambulatory surgical centers, thereby driving demand for all types of medical carts. For instance, according to the National Association of States United for Aging and Disabilities report, the number of Americans with chronic conditions will increase by 37%, between 2000 and 2030, which is an increase of 46 million people.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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