Medical carts are designed to provide easy mobility, efficiency, safety, and comfort to healthcare professionals. Advanced powered medical carts are laced with wireless auto locking system and built-in software for improved communication. Medical carts reduce time needed to arrange medical supplies, thereby streamlining work and reducing expenses all together.
North America medical carts market is estimated to account for US$ 751.3 Mn in terms of value in 2019 and is expected to reach US$ 1,698.1 Mn by the end of 2027.
North America Medical Carts Market: Drivers
Increasing geriatric population is expected to boost demand for medical carts for point-of-care diagnosis and treatment. For instance, according to the U.S. Census Bureau, geriatric population in the U.S. is expected to reach 77 million by 2035.
North America Medical Carts Market: Opportunities
Government and private initiatives to boost adoption of medical carts is expected to offer lucrative growth opportunities for players in the market. For instance, in February 2020, The College of Southern Idaho received 20 crash carts or code carts for its Health Sciences and Human Services department from St. Luke’s Magic Valley Medical Center.
North America Medical Carts Market: Restraints
Availability of advanced products is expected to limit growth of the market. New trends suggest shift from medical carts to wall mounted workstations to meet the standard of care. Wall mounted cabinets and arms are more stable, flexible, and secure in comparison to medical carts and improve usability and offer extensions and height adjustments.
Computer Medical Cart segment in North America medical carts market was valued at US$ 241.2 Mn in 2019 and is expected to reach US$ 681.3 Mn by 2027 at a CAGR of 14.0% during the forecast period. 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.
The non-powered medical carts segment held dominant position in North America medical carts market in 2018, accounting for 68.2% share in terms of value, followed by powered medical carts. Non-powered medical do not require any form of electricity to function and they are affordable as well which is expected to support growth of the segment.
The hospitals segment held dominant position in North America medical carts market in 2018, accounting for 41.9% share in terms of value, followed by diagnostic centers and ambulatory surgical centers, respectively.
Manufacturers are focusing on developing user-centric medical carts to target consumers among end users such as hospitals, clinics, ambulatory surgical centers and others. Companies such as Harloff, Ergotron, Inc., AliMed, and others provide medical carts according to consumer specific requirements with cost benefits and convenience to meet the required customer needs.
Major players in the market are focused on offering pathogen-free products. For instance, in February 2020, Ergotron, Inc., a manufacturer of standing desks, monitor mounts, and mobile carts, and UV Partners, developer of the UV Angel automated disinfection system, announced plans to integrate the UV Angel technology in Ergotron’s product lines.
North America Medical Carts Market: Competitive Landscape
Major players operating in 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.
North America Medical Carts Market: Key Developments
May 2019: Capsa Healthcare launched SlimCart documentation cart, an ultra-lightweight and compact cart to mobilize EHR in any healthcare setting
January 2018: Omnicell, Inc., a provider of medication and supply management solutions presented its medication management automation platform and product portfolio at the Arab Health Exhibition and Congress, held in Dubai