Published Date : 19 Jun 2023
The global medical carts market size surpassed USD 3.97 billion in 2022 and is expected to hold USD 10.8 billion by 2030, poised to grow at a strong CAGR of 13.34 percent during the projection period from 2022 to 2030.
The growing senior population, as well as the increased frequency of chronic conditions, are two significant reasons driving the worldwide medical carts market forward. Telehealth rises and the availability of technologically improved medical carts are two reasons driving industry expansion. An important growth driver is the rise in demand for point-of-care diagnostic technology. Manufacturers of medical carts are working on producing new and creative products in order to meet growing demand from a variety of end-user groups. Mergers and partnerships are also being pursued by key competitors in the medical carts market in order to broaden their geographic reach and increase sales income.
Medical Carts Market Report Scope:
|Market Revenue in 2023
|USD 4.5 Billion
|Projected Forecast Revenue in 2030
|USD 10.8 Billion
|Growth Rate from 2022 to 2030
|CAGR of 13.34%
|2022 To 2030
|North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
North America is the largest segment for the medical carts market in terms of region. The U.S. is dominating the medical carts market in the North American region. In North America, the expanding number of hospitals is boosting the need for medical carts. Furthermore, the launch of new products by market participants is propelling the North American medical carts market forward. Medical carts play a critical part in the effective use of mobile technologies in the healthcare business in the U.S.
Europe region is the fastest-growing region in the medical carts market. The UK holds the highest market share in the Europe medical carts market. Due to a growing senior population and an increase in the number of surgeries, Europe is predicted to be the second largest region for the global medical carts market. The factors are linked to an increased focus on patient safety and increased healthcare infrastructure spending.
The key market players are adopting innovative and latest technologies for the development of medical carts in the global market. Jaco, for instance, released PerfectView AIO in February 2019, which is the first electronic health record cart designed for battery-powered all-in-one personal computers. It makes it easier for healthcare professionals to travel throughout the hospital and operate efficiently and effectively at the bedside of patients. Thus, this factor is driving the growth of the global medical carts market.
High cost of medical carts
The price range of an emergency medical cart ranges from $2,000 to $5,000. This high-priced product cannot be afforded by every clinic and healthcare center. As a result, high cost of medical carts is restricting the growth of the global medical carts market.
Growing customization and modification options
Due to changing consumer tastes, which have a direct impact on the design of these carts, there is a growing trend of modification and customization in the medical cart businesses. The market players are increasingly attempting to address the different needs of end customers in the healthcare business as a result of this development. Thus, this factor is supporting the growth of the global medical carts market.
Lack of qualified professionals
The poorly qualified staff is a big factor affecting medical cart sales. Currently, many carts include equipment that requires certification or training to function. Due to a dearth of highly experienced staff, the number of money funded in medical carts may be limited, since they may not be handled properly, causing a negative influence on the growth of the global medical carts market.
Major Key Players:
By Material Type
By End Use
Buy this Research Report@ https://www.precedenceresearch.com/checkout/2255
You can place an order or ask any questions, please feel free to contact at firstname.lastname@example.org | +1 9197 992 333