Press release
Medical Carts Market Report 2024: Strategies And Recent Developments | ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co. Inc., AFC Industries Inc., Midmark Corporation
Medical Carts Market Size
The Business Research Company offers in-depth market insights through Medical Carts Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The medical carts market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to rise of electronic health records (ehr), patient-centric care, hospital modernization, healthcare regulations, aging population, .
The medical carts market size is expected to see rapid growth in the next few years. It will grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to green and sustainable design, emergency preparedness, point-of-care testing, customization for specialty care, interoperability standards. Major trends in the forecast period include internet of things (iot)-enabled medical carts, artificial intelligence (ai)-assisted care, green and sustainable design, artificial intelligence (ai)-based inventory management, remote patient monitoring.
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Market Segmentation:
The main types of medical carts are emergency carts, anesthesia carts, procedure carts, telemedicine carts, and other types. The emergency carts refer to drawers used primarily for cardiac pulmonary resuscitation and emergency conditions in all hospital units. The material types include metal, plastic, and other types. These are used in hospitals, physician offices, and other end users.
Major Driver - Ehr Adoption Boosts The Medical Cart Market
The rising adoption of electronic health records (EHR) is expected to propel the growth of the medical cart market going forward. An electronic health record (EHR) is an electronic version of a patient's medical history that is kept up to date. Medical carts with batteries can travel with healthcare professionals, which improves EHR accessibility. For instance, according to Health IT, a US-based organization that represents and serves all types of hospitals and healthcare networks, nearly 9 in 10 (88%) of US office-based physicians had adopted any EHR, and nearly 4 in 5 (78%) had adopted a certified EHR in 2021 . Therefore, the rising adoption of electronic health records (EHR) is driving the growth of the medical cart market.
Competitive Landscape:
Major companies operating in the medical carts market include ITD GmbH, Advantech Co. Ltd., Harloff Manufacturing Co. Inc., AFC Industries Inc., Midmark Corporation, Capsa Healthcare LLC, Bergmann Group GmbH & Co. KG, Onyx Healthcare Inc., InterMetro Industries Corporation Inc., Waterloo Healthcare Inc., Ergotron Inc., Jaco Inc., Enovate Medical LLC, TouchPoint Medical Inc., Merino International Group LLC, Lakeside Manufacturing Inc., BiHealthcare Inc., Scott-Clark Medical Inc., Medstor Systems USA LLC, Hergo Ergonomic Support Systems Inc., Cardinal Scale Manufacturing Company, Capsa Solutions LLC, Omnicell Inc., Mid Central Medical, Medline Industries LP, Altus Inc, Armstrong Medical Industries, Inc., Modern Medical Equipment Mfg. Ltd., Omnimed Inc., Pedigo Products Inc.
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Top Trend - Innovative Product Development Shaping The Medical Carts Market
Product innovation is a key trend gaining popularity in the medical carts market. Major companies operating in the medical carts market are developing new products to strengthen their position in the market. For instance, in December 2021, Advantech, a US-based provider of medical carts, launched the AMiS-30EP clinical pole cart for comfortable positioning and rapid care delivery. This product features four anti-static 4" casters for easy movement on floor surfaces. This furnishes a highly customizable cart solution for use in diverse healthcare environments.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Medical Carts Market Characteristics
3. Medical Carts Market Trends And Strategies
4. Medical Carts Market - Macro Economic Scenario
5. Medical Carts Market Size And Growth
…..
27. Medical Carts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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