Medical Carts Market is Estimated to Reach a Valuation of

2022-06-18 22:41:29 By : Ms. catherine dong

June 13, 2022 12:00 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, June 13, 2022 (GLOBE NEWSWIRE) -- The global medical carts market is expected to grow at a 9.5% CAGR over the forecast period. Sales in the medical carts market are estimated to reach a valuation of US$ 943.5 Mn by 2022. According to the study, emergency carts held a substantial share of 28.9% of the global medical carts market in 2021.

Medical carts are a type of mobile medical equipment that facilitate medical procedures while providing medication and technology.  Medical carts have revolutionised the way hospitals manage and treat patients in today's world.

These carts enable medical practitioners to carry medical supplies and equipment from one patient's room to another in a safe and convenient manner. As per Future Market Insights, the global medical carts market was valued at over US$ 859.6 Mn in 2021 and is expected to exhibit growth at a CAGR of 9.5% over the forecast period (2022-2032).

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In response to the increased demand for improved efficiency across hospitals, medical carts manufacturers are focusing on cutting-edge designs. Product innovation and rising establishments of hospitals and care centers will bode well for the market.

Advancements such as updating of existing product line, lighter designs, extended battery capacity, and high flexibility improved the ergonomics are expected to fuel sales of medical carts. Electronic health records and medical computer carts featured with inbuilt software will offer opportunities for players in the medical carts market.

With the increasing focus on telehealth solutions, telemedicine carts have gained traction and marked an impressive solution for the transportable patient care unit. These carts potentially improve patient care & safety and enhanced staff efficiency.

For instance, in August 2021, Ergotron revealed the cutting-edge update to its CareFit Pro Medical Cart, it was designed to grasp upcoming workflows and prioritize the healthcare provider well-being to drive the patient-centred services.

“Rising needs for speed and ease of accessibility of the medical supplies, growing focus on patient safety, nursing efficiency and evolution of advanced technologies are expected to fuel growth in the medical carts market over the forecast period,” says an FMI analyst.

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Key Market Segments Covered in Medical Carts Industry Research

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Key players in the medical carts market are focusing on tapping market potential through adopting mergers & acquisitions strategies. Strategic partnerships, mergers and acquisitions, product-line expansions and updated product launches are the key approaches implemented by the manufacturers to expand their product range and consumer base in developing as well as developed countries. For instance:

Table of Content 1. Executive Summary

    3.1. Key Trends Impacting The Market

        4.1.2. Increasing per capita Healthcare Spending

        4.1.3. Global Healthcare Expenditure & Sector Outlook

    4.2. Forecast Factors - Relevance & Impact

        4.2.4. Rising Prevalence of Chronic Illness

        4.2.6. Growing Interest in Telehealth Solutions

        4.2.7. Medical Carts Equipped with Data Acquisition Features Help Healthcare Facilities Keep Patient’s Medical Records

    5.1. Current COVID19 Statistics and Probable Future Impact

    5.2. Current GDP Projection and Probable Impact

    6.4. Key Promotional Strategies, By Manufacturers

    6.5. Recent Product Approvals and Launches

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Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The global medical carts market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on the medical carts market segment based on product type – (emergency carts, procedure carts, anaesthesia carts, computer medical carts, specialty carts, medication carts, and other medical carts), material type- (polymer, steel and aluminium), by energy source- (powered and non-powered), by end-user (hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, rehab centers, nursing homes and home care settings) across seven major regions.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.  

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