Global Medical Carts Market grow at 13.5% CAGR

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Medical Carts Market, The Global Medical Carts Market is projected to grow at a CAGR of around 13.5% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Medical Carts Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 13.5%

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Global Medical Carts Market Segmentation Breakdown:

The Medical Carts Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Product Type
- Mobile Computing Carts
- Emergency Carts
- Procedure Cart
- Anesthesia Cart
- Computer Medical Carts
- Specialty Carts
- Medication Carts
- Others (Medical Storage Columns, Cabinets, etc.)

Among all, mobile computing carts are gaining significant traction in the Global Medical Carts Market.

By Material Type
- Polymer
- Steel
- Aluminum

Steel, particularly stainless steel medical carts, dominate the market, which owes to their durability, strength, security.

By Energy Source
- Powered
- Non-powered
By End User
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Others (Diagnostic Centers, Home Healthcare Workers, etc.)

Geographical Growth Insights:

By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

Among all regions globally, North America, particularly the US, dominates the Medical Carts Market with the largest share.

MarkNtel Advisors Highlights Key Market Drivers for Medical Carts Market:

Growing Need for Point-Of-Care Solutions- Medical carts are crucial in facilitating point-of-care services by providing healthcare professionals with mobile and accessible workstations, enabling them to deliver timely and efficient care. The market is also pushed by its increasing adoption to improve workflow efficiency by allowing healthcare providers to carry essential equipment, supplies, and medications to the point of need. They also enable mobility within healthcare facilities, reducing the time and effort required to access critical resources and enhancing overall operational efficiency. Backed by these remarkable benefits, the medical carts industry will likely gain momentum worldwide in the coming years.

A Comprehensive Analysis of Leading Companies in Global Medical Carts Market

Advantech Co., Ltd.
AFC Industries
Altus Health Systems
Armstrong Medical Inc.
Bergmann Group
Capsa Healthcare
Compucaddy
Ergotron, Inc.
GCX Corporation
Harloff Manufacturing Company
ITD Gmbh
Jaco Inc.
Midmark Corporation
Omnicell Inc.
Waterloo Healthcare
Others (Enovate Medical, Medline Industries Inc., etc.)

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Global Medical Carts Market Recent Developments

In January 2023, Capsa Healthcare, a central Ohio healthcare company headquartered in Canal Winchester, acquired Tryten Technologies Inc., a mobile cart design and manufacturing business in British Columbia.

Global Medical Carts Market Growth Opportunity:

Burgeoning Demand for Orthopedic Carts Worldwide: The augmenting demand for orthopedic carts owing to the rising cases of orthopedic trauma will likely present lucrative opportunities for the market players. For example, according to figures from the International Osteoporosis Foundation, osteoporosis is thought to be the cause of 8.9 million fractures per year, or one every three seconds, with 1.6 million hip fractures happening globally each year, with a predicted increase to 4.5 million by 2050. Casts and splints are included on an orthopedic cart to treat fractures, sprains, and strains.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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