Global Medical Carts Market Trends, Forecast Report 2025-2037
Medical Carts Market size is predicted to rise from USD 2.72 billion to USD 20.25 billion, demonstrating a CAGR of over 16.7% throughout the forecast period, between 2025 and 2037. In the year 2025, the industry size of medical carts is assessed at USD 3.08 billion.
The market growth is attributed to rising demand for efficient and safe transportation for patients with chronic diseases or injury-related conditions. The percentage of people over 60 and above in the world will nearly double from 12% to 22% between 2015 and 2050.
Medical carts are used for streamlining different operations such as capturing data, storing dispensing equipment, and more. Thus, making medical infrastructure more efficient. Further rising healthcare care costs and well-developed facilities are expected to drive the market revenue. Also, increasing number of musculoskeletal injuries and operations will boost the market growth. It is estimated that approximately 1.71 billion people all around the world have musculoskeletal conditions.
Medical Carts Sector: Growth Drivers and Challenges
Growth Drivers
- Easy Availability of Critical Medical Supplies - In light of the current circumstances, the medical devices industry groups have been urged to lower the retail costs of essential medical equipment. All medical devices are now subject to price control under the Drugs (Prices Control) Order (DPCO), 2013, which will take effect on April 1, 2020. Owing to the sudden surge in cases of covid19 to make medical facilities available to the general public became a need. Critical medical supplies were made available at an effective price which also includes medical devices such as carts. Hence owing to this the growth of the market is expected to boost in the forecast period.
- Increasing Adoption of ERP to prevent Medical Errors -Directors and managers at healthcare organizations concur that moving ERPs to the cloud produces ease, system dependability, improved security, and greater efficiencies.
- Increased Expenditure on Healthcare - According to the suggestion given by 17 countries, the spending on health increased by 6% on average in 2021.
- Technology Advancement in Healthcare - The 71st World Health Assembly adopted a unanimous resolution on digital health, which MoHFW has campaigned to advance. This resolution prioritizes digital health globally.
- Increasing Demand for Point-Of-Care Diagnostic Technology - The point-of-care testing industry brought in about 13.87 billion dollars in sales in 2017. By the year 2026, the size of this medical carts market is anticipated to reach $23.9 billion.
Challenges
- Underqualified Workforce - Underqualified workforce is expected to restrain the growth of the market. Several medical carts require training or certification to operate. Given the possibility that unskilled workers won't be able to manage the operation effectively, the money allocated for medical carts is constrained. Research reveals that healthcare employment is undervalued precisely as it is identified with "women's work" as of 2019 when 79% of employees in the sector were female.
- High Maintenance Cost
- High Initial Capital Investment
Medical Carts Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
16.7% |
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Base Year Market Size (2024) |
USD 2.72 billion |
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Forecast Year Market Size (2037) |
USD 20.25 billion |
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Regional Scope |
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Medical Carts Segmentation
Type (Computer Medical Cart, Emergency Cart, Procedure Cart)
The procedure carts segment in the medical carts market is estimated to garner largest revenue by 2037, led by increasing usage of procedure carts in the settings of numerous hospitals. There has been an increase in n number of surgical procedures caused by an increased risk of chronic disease which is further expected to drive the segment demand. It is anticipated that an estimated 17.9 million people died cause of CVDs in 2019, which is almost 32% of total death worldwide. Amongst these deaths, 85% of death were caused owing to heart attack and stroke.
Our in-depth analysis of the global market includes the following segments:
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By Products |
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By Type |
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By Material |
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By Application |
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By End-User |
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By Distribution Channels |
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Customize this ReportMedical Carts Industry - Regional Synopsis
The Asia Pacific medical carts market is expected to account for largest revenue share by the end of 2037, impelled by improving medical infrastructure and growing prevalence of musculoskeletal injuries in the region. The number of trials for musculoskeletal disorders has increased by 158% in the Asia Pacific region over the past 10 years, more than any other region in the world.
Companies Dominating the Medical Carts Landscape
- InterMetro Industries Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Harloff Company
- Armstrong Medical Ltd
- Capsa Solutions LLC.
- ITD GmbH
- Midmark Corporation
- The Bergmann Group
- Lakeside Manufacturing, Inc.
- Cardinal Scale
- Merino International
In the News
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Capsa Solutions LLC. acquired Louis-based producer of medical carts Specialty Carts, Inc.
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Midmark Corporation announce the launch of three new products offerings to the Synthesis Cabinetry Collection.
Author Credits: Radhika Pawar
- Report ID: 551
- Published Date: Jan 17, 2025
- Report Format: PDF, PPT
