The global medical carts market size was valued at USD 1.42 billion in 2023. It is expected to reach USD 2.48 billion by 2032, growing at a CAGR of 7.48% during the forecast period (2024–2032). Factors such as medical cart demand in critical surgery and technological advancements, significantly drives the medical carts market demand by 2032.
Medicines and medical supplies are transported and stored in medical facilities using medical carts. Medical carts combine durability and lightweight. From crash carts to isolation carts to respiratory carts and many others, medical carts can be tailored for any situation. Medical carts can help hospitals keep all of their medical supplies neatly organized. Anesthesia carts, emergency crash carts, procedure carts, isolation carts, medication carts, and other medical carts are among the many available types.
Mindray unveiled a new A9 and A8 anesthesia system in October 2020. The brand-new anesthesia systems from Mindray give anesthesiologists the tools they need to guarantee complete patient safety from induction to recovery. The new Mindray systems increase the safe apneic time from 8 to 30 minutes using High Flow Nasal Cannula oxygen (HFNC), making it simpler for clinicians to intubate patients. In addition, an announcement issued in February 2022 by Omnicell, Inc., a significant provider of medication administration and adherence tools for health systems and pharmacies, lists only a few of the crucial pharmacy activities that Omnicell's full portfolio of Advanced Services solutions will assist.
Furthermore, for Omnicell's cloud-based solution portfolio, which includes point-of-care dispensing systems and central pharmacy automation, UMC signed a 10-year sole-source agreement. Through collaborations with Omnicell's 340B services and EnlivenHealth's patient engagement solutions, the partnership is also anticipated to help UMC expand community pharmacy services and enhance operational efficiency throughout its continuum of care. These solutions will enable pharmacists and medical professionals to concentrate on more important tasks that promote patient safety. Therefore, the market under study is anticipated to grow during the forecast period due to the factors above.
Musculoskeletal disorders (MSDs), also known as ergonomic injuries, develop when the body uses its muscles, tendons, and ligaments to carry out tasks, frequently in uncomfortable positions or during infrequent activities. Over time, these conditions can cause pain and injury. The main factors that result in these injuries are overexertion and repetitive motion. The demand for medical carts for such treatments is high due to the expected rise in surgical treatments due to the rising number of MSDs. Therefore, the market under study is anticipated to grow as MSDs become more prevalent. Furthermore, the National Institute for Occupational Safety and Health (NIOSH) research programs worked together to write the research goals included in the NIOSH Strategic Plan for FYs 2019–2024. The research priorities were chosen based on the burden, need, and impact. They were published in a “Musculoskeletal Health Program” report by the Centers for Disease Control and Prevention in March 2021.
Lack of training for doctors and nurses leads to inadequate end-of-life care. A competent physician and general shortages may hinder the market's expansion throughout the forecast period. According to a report from the Association of American Medical Colleges (AAMC) published in June 2020, the country will experience a physician shortage between 54,100 and 139,000 times by 2033. In general, people over 65 need more specialized care. While the national population is anticipated to increase by 10.4% over the study's 15-year period, the over-65 population is expected to increase by 45.1%.
In addition, a study estimated that there would be a shortage of experts in the range of 9,300 to 17,800 in medicine, 17,100 to 28,700 in surgery, and 17,100 to 41,900 in other fields like pathology, neurology, radiology, and psychiatry. As a result, patients are deterred from visiting healthcare facilities by the risks associated with the shortage of trained physicians, which is one of the factors restraining the medical carts market growth under study during the forecast period.
Medical cart technology has made some significant strides over the past few years. GAMA Healthcare introduced the Rediroom to the Americas, Europe, the Middle East, Africa, and Oceania in November 2021. With better isolation capacity and flexibility, Rediroom is a mobile cart that expands into a HEPA air-filtered isolation room with a hands-free entry in five minutes. In addition, according to the World Population Ageing updated report from October 2020, the number of Mexicans 65 and older is expected to rise from 9,462 in 2019 to 26,416 in 2050. Most age-related chronic diseases affect the elderly population. This aims to meet the general public's demand for urgent surgeries at medical facilities. The market is expected to grow creating opportunities for medical carts, particularly emergency and anesthesia carts.
| Study Period | 2020-2032 | CAGR | 7.48% |
| Historical Period | 2020-2022 | Forecast Period | 2024-2032 |
| Base Year | 2023 | Base Year Market Size | USD 1.42 billion |
| Forecast Year | 2032 | Forecast Year Market Size | USD 2.61 billion |
| Largest Market | North America | Fastest Growing Market | Europe |
By Region, the global medical carts market share is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America is the most significant contributor to the market and is expected to grow at a CAGR of 7.28% during the forecast period. According to data from the Centers for Disease Control and Prevention that was updated in March 2022, there are 130 million visits to emergency rooms in the United States, and there are 35 million visits connected to injuries. As a result of the rise in the use of medical carts in the US due to the number of emergency visits, the market under study is predicted to grow. In addition, according to American Hospital Association (AHA) statistics, there will be 6093 operating hospitals in the United States in 2020, up from 5,534 in 2016. Consequently, a sharp increase in hospitals and rising hospital admissions drive demand for medical carts, boosting the country's market growth. The study market is anticipated to grow significantly over the forecast period due to numerous market players and strategic product launches by these players in the nation.
Europe is expected to grow at a CAGR of 8.16% during the forecast period. The regional market for medical carts is expected to grow due to rising healthcare expenditures, the incidence of neurological and mental diseases, and the recent uptake of various surgical procedures. Due to the aging population, the increasing prevalence of chronic conditions like cardiovascular disease, and supportive government initiatives, the market for medical carts is expanding in Germany. According to Data 2020 from the World Bank, 18,052,747 adults in Germany were 65 years or older in 2020. Older people are more likely to develop chronic diseases like arthritis, heart disease, and neurological disorders. These conditions also have a higher incidence in this age group. The market is therefore anticipated to experience significant growth over the forecast period due to the factors above.
Asia-Pacific is expected to grow significantly over the forecast period. The prevalence of chronic diseases, burn injuries, and the growing traffic injuries are some of the key factors influencing the medical carts industry in China. It is anticipated that the demand for medical carts will increase. In addition, the burden of cardiovascular diseases (CVDs) is very high in China, according to a study published in the Journal of the American College of Cardiology in June 2020. This is due to highly prevalent and poorly controlled risk factors brought on by changes in the socio-demographic structure and lifestyles of the large population. Thus, it is anticipated that there will be an increase in demand for medical carts, which will fuel market expansion.
The Gulf Cooperation Council (GCC) region comprises Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman. Several factors, including the rising prevalence of chronic diseases, rising investment in healthcare infrastructure, and the rising number of medical cart applications in hospitals, drive the overall market growth in GCC nations. In addition, according to data from the Security and Jurisprudence Services Qatar, which was made public in April 2021, about 7,000 minor injuries were brought on by traffic accidents in Qatar in 2020. In the same year, there were 648 serious injuries from car accidents nationwide. As a result, the country's rising emergency caseload will continue to fuel the growth of the medical carts market over the foreseeable future.
The main factors driving the expansion of the South American market are the rising prevalence of chronic diseases, the aging geriatric population, rising emergency cases, and rising surgical interventions. Recent increases in healthcare spending and expenditures are anticipated to fuel market growth over the coming years. Brazil is the largest healthcare market in Latin America and spends close to 9.1% of its GDP on healthcare, according to data from the International Trade Organization that was updated in January 2022. The source cited earlier estimates that there are about 6,642 hospitals nationwide. In 2020, Brazil increased its imports of medical devices by 12.9%, which is anticipated to impact the growth of medical carts significantly. In addition, according to projections from the Global Cancer Observatory, Brazil is expected to experience 259,949 cancer deaths and an estimated 592,212 new cancer cases in 2020. Additionally, the same source projects that by 2040, there will be up to 995,000 new cancer cases. The high prevalence of cancer disorders is anticipated to raise the demand for surgical intervention, further accelerating the market's expansion in Brazil.
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The global medical carts market is segmented by product and end-users.
The global medical carts market is bifurcated into anesthesia carts, emergency carts, and procedure carts.
The emergency cart segment is the highest contributor to the market and is expected to grow at a CAGR of 7.56% during the forecast period. Emergency carts are portable sets of drawers or shelves stocked with emergency medical supplies, medications, and other equipment for healthcare professionals in any emergency medical situation. All the medical supplies and medications required for cardiac arrest or life-threatening situations are in the emergency carts. In addition, the American College of Emergency Physicians (ACEP) lists several medical emergencies, including non-stop bleeding, breathing difficulties, chest pain (heart failure), loss of consciousness, and injury. As the need for emergency medical care increases in cases involving accidents and heart attacks, the market for emergency carts is expected to grow.
Procedure carts are used in various hospital settings, including surgery, IV therapy, critical care, etc. They are used to carry out specific medical procedures. These procedure carts include medicine, pediatrics, medical isolation, and others. They also come with various accessories, allowing healthcare professionals to customize their carts to meet their specific needs. The rising number of hospital admissions and specific treatment procedures, where procedure carts play a crucial role, is one of the key factors anticipated to fuel the growth in the procedure carts segment.
The end-user segment, comprising hospitals, dominates the market for medical carts. This is attributed to the continuous quality attributed to the fact that hospitals are the largest consumers of medical carts, which find most utility across various departments within the hospital, including emergency rooms, operating rooms, ICUs, and general wards. The provision for hospitals to have medical carts ultimately allows orderly, safe, and efficient medical supplies, medications, and equipment to help patients and clinical activities. The mechanics of point-of-care delivery, medication administration, and responses to emergencies demand mobile, flexible storage solutions to ensure the demand for hospital setups.
