NORTH AMERICA MEDICAL CARTS MARKET ANALYSIS

North America medical carts market is estimated to be valued at US$ 1,244.0 million in 2023 and is expected to exhibit a CAGR of 13.6 % during the forecast period (2023-2030).

Analysts’ views on North America Medical Carts Market:

Increasing prevalence of injuries and trauma, healthcare expenditure, and launches of newer products are expected to drive the North America medical carts market growth over the forecast period. For instance, according to the data published by the Canadian Institute for Health Information in 2022, nearly 256,125 people were hospitalized due to different kinds of injuries in year 2020-2021.

Figure 1. North America Medical Carts Market Share (%), By Product Type, 2023

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North America Medical Carts Market– Drivers

Increasing strategies like acquisition by key market players for medical cart technology

Increasing strategies like acquisitions by key market players is expected to drive the North America medical Carts Market growth. For instance, on January 10, 2023, Capsa Healthcare, a U.S.-based healthcare delivery solutions company, announced acquisition of Tryten Technologies Inc., a Canada-based manufacturer of mobile cart. Tryten’s mobile workstation space, will help Capsa to deliver its clinical customer a product that provides the best care to their patients in whatever setting they work.

Increasing launch of newer products and their accessories by key market players

Increasing strategies from key market players like launch of new products and accessories is expected to drive the North America medical carts market growth over the forecast period. For instance, on July 19, 2022, Holo Industries LLC, a U.S. based technology manufacturing company, announced launch of a transformative HoloMed line of holographic inserts for medical carts, patient monitors and other products that protect patients and hospital staff by virtually eliminating surface contact and touch points, thereby reducing the transmission of healthcare associated microbial infections. It uses holographic touch which ensures mid-air interaction without special lighting, glasses or headgears.

Figure 2. North America Medical Carts Market Share (%), By Country, 2023

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North America Medical Carts Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of drugs from one place to another.

However, the COVID-19 pandemic had positive impact on the North America medical carts market, due to increased demand for medical carts during COVID-19. For instance, on April 14, 2021, ASUSTek Computer Inc., a Taiwan-based computer Hardware Company collaborated with Intel Corporation, a U.S.-based technology company to build mobile carts to support healthcare professionals to work with efficacy and safety with addition of telemedicine facility to medical carts. This cloud-connected nursing cart can help hospital doctors to provide care for COVID-19 patients in isolation wards.

North America Medical Carts Market Segmentation:

North America medical carts market report is segmented into product type, material type, energy source and end user, and by country.

Based on Product Type, the North America medical carts market is segmented into emergency cart, procedure cart, anesthesia cart, computer medical cart, and others. Out of which, the emergency cart segment is expected to dominate the market due to incidences of trauma and injuries that requires cart for emergency use.

Based on Material Type, the North America medical carts market is segmented into metal, plastic, and wood. Among these, metal segment is expected to dominate the market over the forecast period due to its flexibility to change into any shape.

Based on Energy Source, the North America medical carts market is segmented into powered and powered (Mechanical). Among these, powered segment is expected to dominate the market over the forecast period due to increase in need of facilities like telemedicine that require powered carts.

Based on End User, the North America medical carts market is segmented into hospitals, clinics, ambulatory surgical centers, diagnostic centers, and others. Among these, hospitals are expected to dominate the market over forecast period due to increased hospital visits of patients which increase demand of medicated carts in hospitals.

Based on Country, the North America medical carts market is segmented into U.S. and Canada. Among these, U.S. is expected to dominate the market over forecast period due to increase in research and development activities in this region.

Among all segmentation, the product type segment has the highest potential due to increasing launches of products by the key market players. For instance, On December 1, 2022, Wolters Kluwer, a U.S. based information services company, announced it has launched Simplifi+ Compliance Suite. To support more accurate, consistent and safe emergency cart restocking and medication tray management. It automates and standardizes emergency cart medication tray management.

North America Medical Carts Market Cross Sectional Analysis:

Introduction of newer products and technologies in medical carts by key market players in U.S. is expected to drive growth of instrument segment in the region. For instance, On November 1, 2022, Detecto, U.S. based medical cart manufacturer launched customizable Mobile CareMedical carts.  These carts offer three lock types to choose from: electronic (RFID with three different frequencies available and full-color touchscreen pincode), quick release, and keyed. Windows software is included for one centralized point for all employee cart access and security settings, including Wi-Fi or Bluetooth for instant updates. Onboards and PC software also been developed by Detecto.

North America Medical Carts Market: Key Developments

On June 9, 2022, Altus Industries Inc., a U.S.-based technology workstations manufacturer announced it has expanded its product lines by entering into Tele-health carts as demand for Tele-health solutions rises. It is a rolling cart that carries either a tablet or monitor to conduct virtual visits. Its design can accommodate a number of accessories like wipe containers and baskets. The tablet variation also features a tablet lock to hold the charging cable in place.

According to an article published by the Journal Infection Control & Hospital Epidemiology on September 2, 2020, Immuno-compromised patients are at risk for infections due to above-ceiling activities in hospitals. Mobile dust-containment carts (MDCC) are available as environmental controls. In the article, efficacy study of these carts was carried out. This study was conducted at a 923-bed academic medical center that requires the use of barriers for above-ceiling access in the highest risk areas based on an infection control risk assessment. Overall, 3 MDCCs with high efficiency particulate air (HEPA) filtration were used during above-ceiling activities in November–December 2019. In total, 48 fungal air samples and 96 particle counts were collected. It was concluded that when used correctly, the Mobile dust-containment carts are effective barriers for reducing the risk of potential pathogenic exposures during above-ceiling activities in areas with critically ill and immunocompromised patients.

On December 24, 2021, Advantech Co. Ltd., a China-based multinational medical devices company, announced the latest addition to its AMiS product line– the AMiS-30EP pole cart. It is built to round out the AMiS product line by providing a fully configurable mobile cart option, AMiS-30EP is a lightweight pole-based rolling stand that can be equipped with various monitors and devices according to specific application requirements.

On August 31, 2020, Capsa Healthcare, a U.S.-based healthcare delivery solutions company, introduced Trio Mobile Computing workstations.  Trio is Capsa's latest generation point-of-care platform to mobilize e-health records and support medication management. Trio incorporates the technology in a blended design of the computing carts.

North America Medical Carts Market: Key Trends

Introduction of newer

Introduction of newer and more efficient instruments and its accessories to boost up efficacy of medical cart can drive growth of market. On August 12, 2022, Tryten Technologies, a Canada-based manufacturer of mobile cart launched Tryten S series, a lightweight and small-footprint carts designed for tablets and portable medical devices, including ultrasound, vital sign monitors, and ECG monitors. Tryten X series is a sleek and easy-to-maneuver carts designed to carry larger peripherals, including monitors, all-in-one computers, supply caddies, and more.

Increasing strategies like partnerships by key market players

Increasing strategies from key market players like partnerships is expected to drive the North America medical Carts Market growth over the forecast period. For instance, on September 14, 2021, Ergton, a U.S. based healthcare technology company, partnered with D&H Distributing, a U.S. based business technology company. With the strength of D&H, Ergotron will leverage the company’s expertise and breadth of business partners to expand access to its ergonomic, adjustable office furniture, such as sit-stand desks, mobile desks, monitor arms and charging carts.North America Medical Carts Market: Restraints

Safety issues with batteries

Safety issues with battery-powered mobile medical carts are expected to hinder growth of the market. Battery-powered mobile medical carts may catch fire or explode. For instance, according to an article shared by Scott Clark Medical, a U.S.-based medical battery supplier company, on June 17, 2022, when Lead acid batteries are damaged, it can cause sulfuric acid leaks and prove to be hazardous. Lithium ion batteries have limited capacity and reach high temperature under load which leads to overheating and can cause fire.

To counterbalance this restraint, battery capacity should be analyzed and device should be maintained properly.

High price of medical carts

High cost of medical carts can limits growth of North America medical carts market within forecast period. The expensive initial installation of medical carts, followed by its regular high maintenance costs, will hamper the market's growth. For instance, according to an article published by Scott Clark Medical, a U.S.-based medical battery supplier company, on December 5, 2021, structural materials, cart bases, aesthetic elements determines cost of the medical cart. Apart from these the technology that is added can also add up final cost of the cart.  The cost of medical cart ranges from US$ 1,497.00 to US$ 9,454.00 based on the requirements.

To counterbalance this restrain, more training to personnel and more funding by governments for research activities should be allocated.

North America Medical Carts Market - Key Players

Major players operating in the North America medical carts market  include Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc.

*Definition: Medical carts are movable equipment used to carry medical supplies and medical instruments for the management of medical emergencies. These carts are useful and built on a stable and strong platform delivering ultimate solution to healthcare settings such as operating theatres, dental clinics, hospital wards, ICU, and many other medical areas.