Global Medical Carts Market to Surpass US$7,417.3 Million by 2030 - Coherent Market Insights

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Jul 27, 2022, 14:30 ET

SEATTLE, July 27, 2022 /PRNewswire/ -- According to Coherent Market Insights, the global medical Carts market is estimated to be valued at US$ 3,479.2 million in 2022 and is expected to exhibit a CAGR of 9.9% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Medical Carts Market:

Manufacturers in medical Carts market designs technologically advanced products such as mobile computer Carts with extensive battery life that provide hours of uninterrupted power for continuous working and offer many advantages over standard mobile computer Carts. Some medical Carts manufacturers have also started to incorporate app-type functionality into their solution offerings to enhance user convenience and provide added operational value. For instance, Stinger Medical offers a Clinical Adoption Support Technology (CAST) app that allows IT personnel to connect directly with the wireless board on each Carts and access important operational information about the device (such as utilization, location, and trending information). This tool provides IT with centralized and convenient point of management and control for healthcare facility's entire fleet of mobile Carts.

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Key Market Takeaways:

The global medical Carts market is expected to exhibit a CAGR of 9.9% during the forecast period owing to increasing number of patients visiting hospitals or clinics to get treatment for medical emergency, trauma, and other chronic diseases. For instance, in March 2021, according to the National Center for the Biotechnology Information, the prevalence of emergency room visits due to respiratory symptoms was 28.7% and 38.9% among adults and children, respectively. In adults, the rates of hospitalization and mortality were 21.2% and 2.7%, respectively, compared with 11.9% and 0.3%, respectively, in children. Moreover, according to the Center for Disease Control and Prevention in 2018, the data for the U.S., the number of emergency department visits resulting in hospital admission was 16.2 million and the number of emergency department visits resulting in admission to critical care unit was 2.3 million in 2021.

Among applications, emergency Carts segment is expected to account for major revenue share in 2022, owing to increasing cases of accidents and other trauma. According to the 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.

Among region, North America is expected to hold the dominant position in the global medical Carts market over the forecast period, owing to increasing prevalence of chronic disease is increasing the hospitalization in that region . For instance, according to the American Heart Association, in 2020, 3,658 heart transplantations were performed in the U.S., the every year. The highest number of heart transplantations were performed in the states of California (496), Texas (302), Florida (288), and New York (250). In the U.S., the prevalence of PSVT is approximately 0.2%, and it has an incidence of one to three cases every thousand patients. The most common type of Paroxysmal supraventricular tachycardia is atrial fibrillation, with a prevalence rate of approximately 0.4% to 1% occurring in men and women equally; it is projected to affect as many as 7.5 million patients by 2050 in the U.S.

Key players operating in the global medical Carts market include AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical.

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Detailed Segmentation:

Global Medical Carts Market, By Power Source:

Powered Carts
Non-powered Carts

Global Medical Carts Market, By Product Type:

Mobile Computing Carts
Emergency Carts
Procedure Carts
Anesthesia Carts
Medication Carts
Others

Global Medical Carts Market, By End User:

Hospitals
Clinics
Diagnostic Centres
Ambulatory Surgical Centres

Global Medical Carts Market, By Region:

North America

By Country:

U.S.
Canada

Europe

By Country:

U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe

Asia Pacific

By Country:

China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific

Latin America

By Country:

Brazil
Mexico
Argentina
Rest of Latin America

Middle East & Africa

By Country:

GCC Countries
Israel
South Africa
Rest of Middle East & Africa

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Find related trending report below:

North America Medical Carts Market, By Product Type (Emergency Cart, Procedure Cart, Anesthesia Cart, Computer Medical Cart, Others), By Material Type (Metal, Plastic, Wood), By Energy Source (Powered, Non-powered (Mechanical)), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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