Market Size of Medical Carts Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.5 Billion |
| Market Size (2029) | USD 2.25 Billion |
| CAGR (2024 - 2029) | 8.48 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medical Carts Market Analysis
The Medical Carts Market size is estimated at USD 1.5 billion in 2024, and is expected to reach USD 2.25 billion by 2029, growing at a CAGR of 8.48% during the forecast period (2024-2029).
Medical carts are used to carry and supply various medical supplies, accessories, and healthcare equipment to every department of a hospital or clinical setting. Factors such as the increasing adoption of medical carts to carry all medical essentials and advancements in healthcare infrastructure are projected to boost the adoption of medical carts in healthcare settings.
In addition, the rising incidence of sports-associated/musculoskeletal injuries and the growing prevalence of chronic diseases are projected to bolster the adoption of medical carts to supply medicines and other necessary supplies to patients. This is another factor expected to accelerate market growth over the forecast period.
The higher burden of chronic diseases is one of the most important factors contributing to the increasing use of medical carts for patient management. For instance, according to the February 2024 updated data of Cancer Australia, the number of kidney cancer cases diagnosed increased from 4,552 in 2022 to 4,600 in 2023. Kidney cancer is the seventh most commonly diagnosed cancer in Australia, and it is estimated that one in 65 people will be diagnosed with the condition. Thus, the higher burden of cancer is estimated to foster hospitalizations due to routine medical treatments, fuelling the adoption of medical carts. Thus, the accelerating burden of cancer is likely to fuel market growth over the forecast period.
The rising prevalence of heart diseases is expected to drive the market's growth. For instance, according to the data released by the British Heart Foundation in April 2023, around 7.6 million people were living with a heart or circulatory disease in the United Kingdom. The escalating burden of such chronic conditions is expected to propel the demand for medical carts to carry medical supplies, medications, and other materials. Thus, the higher burden of chronic diseases is expected to foster market growth over the forecast period.
The increasing burden of sports-related injuries is further projected to augment market expansion over the forecast period. For instance, according to the January 2024 update from Johns Hopkins University, around 30 million children participated in some kind of organized sports annually, which caused more than 3.5 million injuries each year. Thus, the increasing incidence of sports and musculoskeletal injuries is expected to increase the number of hospitalizations, fueling the adoption of medical carts over the forecast period.
The increasing number of emergencies and emergency hospitalizations is expected to foster demand for medical carts to deliver medical supplies and accessories required for treatment accurately. For instance, according to November 2023 data from NHS, emergency department admissions rose from 2,188,028 people in 2022 to 2,219,618 in 2023. Thus, the increase in emergency department visits is projected to boost the growth of the market during the forecast period.
On the other hand, poor healthcare infrastructure in low and middle-income countries and the slow uptake of advanced healthcare products are projected to hamper market growth over the forecast period.
Medical Carts Industry Segmentation
As per the report's scope, medical carts are used for medical aid as they simplify processes, such as recording data as EMRs and storing dispensed equipment, supplies, and patient information to achieve better health outcomes at lower costs. They are medical trolleys and workstations comprising compartments, trays, and a set of drawers that help healthcare providers transport and dispense emergency medical supplies and medical devices.
The medical carts market is segmented by cart type and geography. By cart type, the market is segmented into anesthesia carts, emergency carts, procedure carts, and other cart types. The report also covers the market sizes and forecasts in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
| By Cart Type | |
| Anesthesia Carts | |
| Emergency Carts | |
| Procedure Carts | |
| Other Cart Types |
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Medical Carts Market Size Summary
The medical carts market is poised for significant growth over the forecast period, driven by an increase in healthcare facilities and the rising demand for patient care. The market's expansion is further supported by technological advancements and innovations that enhance the efficiency and functionality of medical carts. The COVID-19 pandemic played a pivotal role in accelerating market growth, as the surge in medical consultations and the need for telemedicine solutions heightened the demand for these carts. Post-pandemic, the resumption of surgeries and outpatient visits continued to fuel market growth. However, challenges such as the shortage of skilled healthcare professionals and high initial capital investments in customized medical carts may impede progress. The emergency carts segment is expected to dominate the market due to their critical role in emergency care settings, supported by advancements in mobility and ergonomics.
North America is anticipated to maintain a substantial share of the medical carts market, driven by increased healthcare expenditures and a rise in surgical procedures. The region's market growth is further bolstered by the prevalence of diseases and injuries, necessitating the use of medical carts. The introduction of innovative products, such as mobile carts with enhanced isolation capabilities, is expected to contribute to market expansion. The competitive landscape of the medical carts market is characterized by the presence of major players who engage in strategic alliances and collaborations to enhance patient satisfaction and market share. Companies like Advantech Co. Ltd, AFC Industries Inc., and Capsa Healthcare are leading the market, with ongoing product launches and technological advancements supporting their growth strategies.
Medical Carts Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Investments in Healthcare Infrastructure with Enhanced Focus on Value-based Patient Care
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1.2.2 Growing Incidences of Emergency Cases, such as Musculoskeletal Injuries and Other Chronic Conditions Coupled with Rising Geriatric Population
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1.2.3 Increased Demand for Medical Carts in Critical Surgical Procedures along with Technological Advancements associated with Medical Carts
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1.3 Market Restraints
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1.3.1 Lack of Skilled Healthcare Professionals
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value in USD)
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2.1 By Cart Type
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2.1.1 Anesthesia Carts
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2.1.2 Emergency Carts
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2.1.3 Procedure Carts
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2.1.4 Other Cart Types
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2.2 Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.1.3 Mexico
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 United Kingdom
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2.2.2.3 France
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2.2.2.4 Italy
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2.2.2.5 Spain
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2.2.2.6 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia
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2.2.3.5 South Korea
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2.2.3.6 Rest of Asia-Pacific
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2.2.4 Middle East and Africa
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2.2.4.1 GCC
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2.2.4.2 South Africa
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2.2.4.3 Rest of Middle East and Africa
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2.2.5 South America
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2.2.5.1 Brazil
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2.2.5.2 Argentina
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2.2.5.3 Rest of South America
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Medical Carts Market Size FAQs
How big is the Medical Carts Market?
The Medical Carts Market size is expected to reach USD 1.5 billion in 2024 and grow at a CAGR of 8.48% to reach USD 2.25 billion by 2029.
What is the current Medical Carts Market size?
In 2024, the Medical Carts Market size is expected to reach USD 1.5 billion.
