Top Companies in Medical Carts Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Medical Carts Market is projected to reach USD 5.3 Billion by 2028 at a CAGR of 16.50% over the forecast period.
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Market Overview
The Global Medical Carts Market is valued at USD 2.1 Billion in 2021 and is projected to reach USD 5.3 Billion by 2028 at a CAGR of 16.50% over the forecast period. The need for ready access to essential medical supplies, the need to reduce rising hospital expenses, and increased healthcare awareness all drive demand for Medical Carts, resulting in growth. Time-sensitive injuries and illnesses, such as severe infections, hypoxia, intentional and unintentional accidents, and others, contribute to expanding the medical cart industry by increasing the disease burden in developing nations. Many important players and government agencies are investing more in the healthcare industry to enhance patient safety and care. The rise of the healthcare market has been fueled by the widespread acceptance of technologically advanced products and devices, such as Medical Carts, in emerging nations.
An increase in the number of older population at a high risk of developing chronic diseases is a major factor driving the growth of the global market for Medical Carts. The growing emphasis on patient safety, enhancing nurse productivity, and rising EHR usage to reduce prescription errors are all significant drivers of the global market share growth for Medical Carts.
However, underqualified personnel is a big factor that lowers the sales of Medical Carts. Today, many carts have equipment that may require instruction or certification. The amount of money spent on Medical Carts may be constrained by a lack of highly skilled workers because they might need to be handled properly, which would harm this market.
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Amidst Exponential Growth in Medical Carts Adoption, What Trends Should We Look Forward to?
- Due to shifting consumer tastes, which directly impact the design of these carts, a growing trend of personalization in the medical cart business has been noticed. As a result of this trend, manufacturers are trying harder to satisfy the various needs of end users in the healthcare sector.
- Globally, there has been a significant push toward digital records over time. The development of a medical cart that could transport electronic devices like printers, computers, and scanners coincided with this trend. These characteristics increased the demand for and cost of typical Medical Carts. Consequently, meeting the expectations in the quick-paced healthcare environment and driving this market's expansion.
- The probability of new infections, which could introduce new diseases and result in circumstances similar to those seen during the COVID-19 pandemic, has increased due to the growing threat posed by climate change. There is an urgent need to stop the spread of infection because there is a massive influx of patients worldwide. One of the crucial channels of infection-spreading equipment that needs to be taken care of is handheld diagnostics. Hence, the employment of Medical Carts is projected to rise throughout the pandemic to properly dispense drugs and other critical needs to patients and healthcare personnel.
- The medical cart industry is flourishing due to aging populations and rising health concerns. The home health, hospice, assisted living, nursing homes, and hospital sectors are all expanding quickly. The primary explanation is that Medical Carts allow caregivers convenience and flexibility. They are quick and simple to transfer from one place to another, making it simpler for patients to get the care they need.
The Medical Carts Market is dominated by globally established players such as InterMetro Industries Corporation, Inc, Capsa Healthcare, Harloff Company, Waterloo Healthcare, Midmark Corporation, AFC Industries, Inc., Ergotron, Inc., Jaco, Inc., Alimed Inc., Advantech Co. Ltd., Cybernet Manufacturing, Inc., Highgrade Tech Co. Ltd., Cardinal/Detecto Scale and Touchpoint Medical. These companies have developed new products, adopted expansion strategies, and undertaken collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth Medical Carts Market.
Let's Look at the Top 5 Companies That are Taking the Medical Carts Market by Storm
The Medical Carts Market is expected to grow from USD 2.1 billion in 2021 to USD 5.3 billion in 2028 because of upgraded healthcare infrastructures and facilities, as well as hospital use of electronic medical records, which may fuel market expansion. The rise in musculoskeletal operations and injuries is one of the additional aspects that are projected to fuel the market for Medical Carts.
- InterMetro Industries CorporationInc.
Isolation carts, anesthesia carts, therapy carts, emergency crash carts, operation carts, and general-purpose Medical Carts are all available from Metro and are suitable for any facility. Additionally, Metro provides heavy-duty swivel casters for each cart. In our Lifeline signature crash cart, a fifth caster helps turn when your team responds to a code blue situation. These features help to improve the process of moving the carts.
- Capsa Healthcare
For various usage in healthcare settings, including emergency, med/surge, IV therapy, anesthesia, and critical care, Capsa Healthcare's Medical Carts provide procedural and supply storage. Medical supply carts from Capsa Healthcare are unmatched in their ability to provide sturdy construction, ample capacity, and trustworthy security.
- Harloff Company
Since 1987, Harloff, founded in 1951, has provided services to the medical sector. Your carts are designed, engineered, and manufactured internally at Harloff's Colorado Springs, CO plant. A range of carts and drug cabinets are available from Harloff.
- Waterloo Healthcare
For over 50 years, Waterloo Healthcare has only produced Medical Carts. It aims to offer adaptable solutions that can meet the demands of each doctor. With our adaptable cart configurations and extensive selection of accessories, you can meet the demands of your team while enhancing point-of-care and organization.
- Midmark Corporation
The only firm that enables a better care experience at the point of care for human, animal, and dental health is Midmark. Midmark Corp.'s SynthesisMobile Treatment Cabinets and Mobile Procedure Carts are made to make it easier to access and store supplies throughout clinical environments, either seated or standing.
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