Medical Carts Market Size, Share & Trends Analysis Report By Product (Mobile Computing Carts, Wall-mounted Workstations, Medication), By Type (Anesthesia, Emergency, Procedure), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global medical carts market size was valued at USD 2.61 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 16.9% from 2023 to 2030. The rising prevalence of musculoskeletal injuries (MSI) and the growing implementation of electronic medical records (EMR) in hospitals are the primary factors driving market expansion. According to the World Health Organization, musculoskeletal conditions affect approximately 1.71 billion people globally. Furthermore, the number of people with musculoskeletal problems is quickly increasing because of population growth and aging. Due to these factors, the demand for medical carts is set to rise in the near future.

The adoption of mobile carts is further increasing owing to continuously evolving technology that offers better configuration, construction, options, and features that meet the requirements of consumers. For instance, in December 2021, Advantech, a prominent provider of medical computer systems and services, announced the addition of the AMiS-30EP pole cart to its AMiS product line. Depending on the application, this product can be supplied with a variety of monitors and devices. As a result of such technical breakthroughs, the market is expected to grow over the forecast period.

The COVID-19 pandemic had a significantly positive impact on the market. The unprecedented challenges posed by COVID-19 heightened the need for accessible, quality healthcare solutions, along with professional-grade medical carts that directly addressed critical needs. By implementing rapid measures, including the redeployment of resources to medical cart production as and when required, and responsive supply chain optimization, manufacturers adapted their operations throughout 2020 to ensure that their medical carts could reach customers faster. Such factors are expected to drive market growth.

Additionally, medical cart designs were modified in response to the global vaccine rollout, to cater to mobile COVID-19 vaccination distribution to suit mass vaccination sites that were set up in non-traditional spaces, such as car parks and stadiums, which is anticipated to spur the market growth. For instance, in February 2021, Ergotron and Ingram Micro announced a partnership to donate medical carts to help during the coronavirus outbreak. Moreover, in August 2020, Capsa Healthcare announced the launch of the new Trio mobile computing workstation. Capsa's Trio point-of-care platform mobilizes electronic health records and supports efficient and precise drug management. As a result of these developments, the market is likely to expand in the near future.

The emergence of telemedicine/telehealth and advancements in medical carts is one of the key contributing factors to the growth of the medical cart market. These carts improve nursing efficiency and help in providing enhanced care to patients, which is expected to fuel their demand in the following years. Advancements in medical carts such as the availability of lightweight products with increased mobility and enhanced ergonomics are expected to boost the adoption of these products. Availability of handle and wheel mounts to the right and correct sizes of batteries help in increasing nursing staff safety.

The rise in awareness among healthcare professionals and the adoption of patient engagement solutions across the globe are key growth propellers for the medical carts sector. According to statistics mentioned in the Harvard Business Review, in the U.S. healthcare system, around USD 1.0 trillion is spent on healthcare delivery. According to these figures, preventable medical errors are the third leading cause of death in the U.S. Electronic Medical Records (EMR) can help in correcting these systemic errors.

An increase in emphasis on efficient care delivery and the adoption of healthcare IT solutions that assist in delivery are expected to boost market growth in the following years. Choosing an appropriate workstation that ensures patient safety is very important. Mobile computer carts offer various benefits such as flexibility and secure storage. Such associated advantages with the use of carts are anticipated to fuel market growth during the forecast period.

Product Insights

The mobile computing carts segment dominated the medical carts market with the largest revenue share of 73.2% in 2022. These carts are most commonly used by point-of-care facilities owing to associated benefits such as their portability/mobility, requirement of less space, and provision of one-stop solutions for every clinical requirement. Primarily, mobile carts have been used as tools for point-of-care computer documentation.

However, the expansion of technological applications of these carts, such as telemedicine and patient education & engagement, is expected to boost its adoption. This equipment facilitates the transfer of video conferencing tools to the patient’s bedside, which allows physicians to conduct examinations remotely in case of the unavailability of a specialist at the hospital.

The wall-mounted workstations segment is expected to grow at the fastest rate of 18.4% over the forecast period, owing to associated benefits such as maximizing floor space and minimizing the spread of infectious diseases. Growing awareness among patients and healthcare professionals pertaining to the use of computers in healthcare and MSDs drives the demand for proper ergonomic solutions, such as computer mounting systems. The availability of limited workspace and an increase in the adoption of computers & cart systems in healthcare facilities are anticipated to drive the demand for wall-mounted workstations during the forecast period.

These wall mounts are helpful in meeting patient requirements and offer a static location for a monitor or TV. These associated advantages with the use of wall-mounted workstations are anticipated to fuel market growth. For instance, in July 2022, Holo Industries LLC announced the launch of the ‘HoloMed’ collection of revolutionary holographic inserts for medical carts, patient monitors, and other items, which essentially eliminate surface contact and touchpoints. Thus, these inserts protect patients and hospital employees and help lessen the spread of HAIs.

Type Insights

The emergency carts segment dominated the market with the largest revenue share of 40.6% in 2022, owing to the increasing adoption of these carts in emergency rooms. As the risk of infectious diseases is higher in emergency care units, demand for these products is expected to increase in the coming years. These products help in controlling infection in intensive care units as they are anticorrosive and durable for medical emergencies. These carts are stocked with drugs and medical equipment in the event of a medical emergency, such as cardiac arrest.

Advancements in these products, such as mobile, lighter, and ergonomic designs, are expected to boost their adoption throughout the forecast period. The availability of handle & wheel mounts and smaller sizes of the batteries help in improving nursing staff safety, as they become easy to handle and avoid any occupational hazards to users. These benefits of emergency workstations are propelling segment growth.

The procedure carts segment is expected to expand at the highest CAGR of 17.3% during the forecast period. This is due to their consistent usage in many healthcare settings. These carts are very helpful in operating procedures, such as cardiology & endoscopy, and also provide access to essential therapeutics. They are of various types, including portable, adjustable, and powered. They are sanitary and movable storage solutions that support surgical procedures in operating rooms.

These carts help in reducing the risk of cross-contamination by eliminating dust during the storage of supplies and instruments in small spaces. The types of surgeries performed in clean rooms that require specified procedure carts include cardiology, cystoscopy, laparoscopy, neurology, radiology, arthroscopy, urology, etc. The aforementioned benefits of these carts are anticipated to propel segment growth in the coming years.

End-use Insights

The hospitals segment dominated the market with the largest revenue share of 36.2% in 2022. The adoption of medical carts is driven by technological advancements in medical mobile workstations. These advancements include the advent of adjustable, secure, and efficient systems for medication delivery. An increase in focus on patient engagement and promotion of EHR incentive programs in hospitals encourages patient involvement and can be attributed to the growing share of this segment.

Furthermore, the growing adoption of barcode-labeled and checked medication distribution (BCMA) to reduce medication errors, the emergence of technologically advanced solutions such as telehealth, focus on improving nursing efficiency, increasing need to curtail rising operational costs in hospitals, and ensuring easy access to critical medical supplies & equipment in hospitals are some of the factors expected to contribute to segment growth.

The physician offices or clinics segment is expected to expand at the fastest CAGR of 17.4% over the forecast period. This can be attributed to the increase in awareness and demand for one-stop solutions that require less space and can be used for all kinds of medical requirements, as these carts include medicine, medical equipment, computers, & storage cabinets and are mobile. Hence, the rising adoption of mobile workstations by clinics is expected to propel segment growth.

Regional Insights

North America dominated the market with the largest revenue share of 40.2% in 2022. Significant investments by governments for the development of innovative medical devices, the presence of key participants, and the existence of a favorable reimbursement scenario are the factors supplementing the growth of the market within the region. Due to the rising incidence of chronic kidney diseases (CKD), there is increasing demand for home dialysis. For instance, according to the Centers for Disease Control and Prevention, more than 37 million people are estimated to have CKD.

The presence of streamlined processes, such as hospital admissions and claiming reimbursements, in healthcare facilities along with the availability of integrated healthcare IT products to maintain Electronic Health Records (EHRs) are some of the factors responsible for the dominant revenue share held by this region. Strategies adopted by companies for the presentation of products are anticipated to increase the competition within the market.

The Asia Pacific region is estimated to register the fastest CAGR of 18.4% during the forecast period. The rising focus of companies on expanding their presence in this region and the growing demand the medical carts are the factors expected to drive market growth. In addition, rising investments in research & development activities, increasing healthcare expenditure, and easy availability of low-cost healthcare IT products are also anticipated to drive the growth.

As manufacturers in the Asia Pacific region are focusing on the development of low-cost products with higher efficiency, the market is anticipated to witness significant growth throughout the forecast period. In addition, global players are investing in local companies, as raw materials and labor are available at lower costs in the Asia Pacific economies.

Key Companies & Market Share Insights

Market players are adopting various strategies, such as acquisitions & mergers, partnerships, product launches, geographic expansion of manufacturing facilities, improvements and expansions in the distribution network, and innovations such as the introduction of medical care products, to strengthen their foothold in the market.

For instance, in April 2020, Midwest Products & Engineering, a design and production partner to equipment and medical device OEMs, announced the launch of an emergency response cart to address ventilator workflow challenges linked to the urgent treatment of COVID-19 patients. Such developments are expected to enhance market growth in the near future. Some of the prominent players in the global medical carts market include:

• Ergotron, Inc.

• ITD GmbH

• Capsa Healthcare

• Enovate Medical

• TOUCHPOINT MEDICAL INC.

• JACO Inc.

• Advantech Co., Ltd.

• Harloff Manufacturing Co.

• Medline Industries Inc.

• Armstrong Medical Inc.

• McKesson Medical-Surgical Inc.

• Omnicell Inc.

• Altus Health System

• CompuCaddy

• GCX Corporation

• Parity Medical

• Hergo Ergonomic Support Systems, Inc.

• Performance Health (formerly Patterson Medical)

• Market Lab, Inc.

Medical Carts Market Report Scope

Global Medical Carts Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global medical carts market report based on product, type, end-use, and region:

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Mobile Computing Carts

  • Wall-mounted Workstations

  • Medication

  • Medical Storage Columns, Cabinets, & Accessories

  • Others

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Anesthesia

  • Emergency

  • Procedure

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory Surgical Centers

  • Physician Offices or Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE

    • Kuwait