Medical Carts Market Size, Share & Trends Analysis Report By Product (Mobile Computing, Wall-mounted Workstations), By Type (Anesthesia, Emergency), By End Use (Hospitals), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global medical carts market size was valued at USD 2.24 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.87% from 2022 to 2030. The rising prevalence of Musculoskeletal Injury (MSI) and the growing implementation of Electronic Medical Records (EMR) in hospitals are driving market expansion. For instance, in February 2021, musculoskeletal conditions affect approximately 1.71 billion people in the world. Furthermore, the number of people with musculoskeletal problems is quickly increasing because of population growth and aging. Therefore, due to such factors, the demand for medical carts will increase in near future.

Owing to continuously evolving technology that offers better configuration, construction, options, and features that meet the requirements of consumers, the adoption of mobile carts is further increasing. For instance, in December 2021, the AMiS-30EP pole cart was the newest addition to Advantech's AMiS product line, which is a prominent provider of medical computer systems and services. Depending on the application, this product can be supplied with a variety of monitors and devices. As a result of these technical breakthroughs, the market is likely to expand in the near future.

The COVID-19 has caused a huge increase in demand for medical carts around the world. The unprecedented challenges posed by the COVID-19 have heightened the need for accessible, quality healthcare solutions, and professional-grade medical carts which directly addressed critical needs during 2020. 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. Thus, due to such factors market is anticipated to grow.

Additionally, medical cart design was modified in response to the global vaccine rollout, to cater for 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 collaborated to donate medical carts to help in coronavirus outbreak.

Moreover, in August 2021, the new Trio mobile computing workstation from Capsa Healthcare has been released. 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.

Emergence of telemedicine/tele health and advancements in medical carts is one of the key contributing factors to the growth of medical carts market. These carts improve nursing efficiency that helps in providing enhanced care to the patients, which is expected to fuel the demand for medical carts in the following years. Advancements in medical carts such as 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.

Rise in awareness among healthcare professionals and adoption of patient engagement solutions across the globe are key growth propellers for the medical carts market. According to the 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.

Increase in emphasis on efficient care delivery and adoption of healthcare IT solutions that assists in delivery are expected to boost the 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 the market growth during the forecast period.

Product Insights

Mobile computing carts led the market and accounted for more than 73.38% share of the global revenue in 2021. These carts are most commonly used by the point-of-care facilities owing to associated benefits such as these carts are portable/mobile, require less space, and offer one-stop solutions for every clinical requirement of the care giver. The segment is anticipated to maintain its position throughout the forecast period.

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 transfer of video conferencing tools to patient’s bedside, which allows physicians to conduct examinations remotely in case of unavailability of the specialist at the hospital.

Wall mounted workstations segment is expected to expand at the highest CAGR during 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.

In addition, availability of limited workspace and increase in 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 patients’ requirements and offer one static location for monitor or TV. These associated advantages with the use of wall-mounted workstations are anticipated to fuel the market growth.

Type Insights

In 2021, the emergency carts segment dominated the market with a share of more than 40.77%. This is due to the fact that it is used more frequently in emergency rooms. As the risk of infectious diseases which is higher in emergency care units, demand for these products is expected to increase in 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. Availability of handle & wheel mounts to the right and smaller size of the batteries help in increasing 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 during the forecast period. This is due to their consistent usage in many healthcare settings. These products are very helpful in operating procedures, such as cardiology & endoscopy, and also provide access to essential therapeutics. These carts are of the various types, including portable, adjustable, and powered.

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

End-Use Insights

The hospitals led the market and accounted for more than 36.34% share of the global revenue in 2021.Their adoption is driven by technological advancements in medical mobile workstations. These advancements include advent of adjustable, secure, and efficient systems for medication delivery. Increase in focus toward patient engagement and promotion of EHR incentives programs in hospitals encourage patient involvement and can be attributed to the growing share of this segment.

Furthermore, growing adoption of barcode labeled and checked medication distribution (BCMA) to reduce medication errors, emergence of technologically advanced solutions such as tele health, focus on improving nursing efficiency, increasing need to curtail rising operational costs in hospitals and ensuring easy accessibility 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 anticipated to witness the fastest growth during the forecast period. This can be attributed to the increase in awareness and demand for the one-stop solutions that require less space and can be used for all medical requirements, as these carts include medicine, medical equipment, computer, & storage cabinets and are mobile. Hence, rise in 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 more than 40.27% in 2021. The significant investments by governments for the development of innovative medical devices, 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. Presence of streamlined processes, such as hospital admissions and claiming reimbursements, in healthcare facilities along with availability of integrated healthcare IT products to maintain Electronic Health Records (EHRs) are some of the factors responsible for the largest revenue share held by this region. Strategies adopted by the companies for presentation of the products are anticipated to increase the competition within the market.

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

As manufacturers in 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 nations.

Key Companies & Market Share Insights

In addition, the market players are adopting various strategies, such as acquisitions & mergers, partnerships, product launches, expanding their geographic presence of manufacturing facilities, improvement and expansion of the distribution network, and innovations such as introduction of medical carts products to strengthen their foothold in the market.

For instance, in April 2020, the emergency response cart was developed by Midwest Products & Engineering (MPE Inc.), a design and production partner to equipment and medical device OEMs, to address ventilator workflow challenges linked to the urgent treatment of COVID-19 patients, which is expected to enhance market growth during the near future. Some of the prominent players in the global medical carts market include:

• Ergotron, Inc

• ITD GmbH

• Capsa Healthcare

• Enovate Medical

• Touch Point Medical

• JACO Inc.

• Advantech Co., Ltd

• Harloff Manufacturing Co.

• Medline Industries Inc.

• Armstrong Medical Inc.

• McKesson Medical-Surgical Inc.

• Omni cell Inc.

• Altus Health Systems

• Compu Caddy

• GCX Corporation

• Parity Medical

• Her go Ergonomic Support Systems, Inc.

• Performance Health (formerly Patterson Medical)

• Market Lab, Inc.

Medical Carts Market Report Scope

Global Medical Carts Market Segmentation

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global medical carts market report based on the product, type, end use, and region:

• Product Outlook (Revenue USD Million; 2017 - 2030)

  • Mobile Computing Carts

    • By Application

      • Documentation

      • Equipment

      • Medication Delivery

      • Tele health Workstation

      • Others

    • By Energy Source

      • Powered

      • Non powered

  • Wall-mounted Workstations

  • Medication

  • Medical Storage Columns, Cabinets, & Accessories

  • Others

• Type Outlook (Revenue USD Million; 2017 - 2030)

  • Anesthesia

  • Emergency

  • Procedure

  • Others

• End-Use Outlook (Revenue USD Million; 2017 - 2030)

  • Hospitals

  • Ambulatory Surgical Centers

  • Physician Offices or Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE