Global Medical Carts Market Outlook:
Medical Carts Market size was valued at USD 2.6 billion in 2024 and is estimated to reach USD 7.9 billion by the end of 2037, exhibiting a CAGR of 11.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of medical carts is assessed at USD 2.9 billion.
Digital integration in the hospitalization process and regulatory push is considered to be the most relevant factors to expand the demand for medical carts in the global market. Over 36.7 million admissions are conducted in U.S. hospitals, which raises the demand for medication, anesthesia, and many other services. Technological integration, like IoT-assisted smart carts, AI-assisted inventory tracker, and many more, leverages the hospital management procurement. According to the Food and Drug Administration mandate, in 2024, medication safety is to be elevated through the decentralization of medical storage. Elevation of hospital infrastructure is encouraged through higher government spending. For instance, over USD 1.9 billion is allocated by the National Institute of Health in 2024 for advancement in hospital infrastructure.
The primary raw material required for the manufacturing of hospital carts includes stainless steel, which is mainly exported by China. Based on the information from the U.S. Bureau of Statistics, the Producer Price Index rose by 6.9% and the Consumer Price Index increased by 5.4% in 2024. Import of medical carts as per the global trade data elevated by 9.4% in 2023. Reduction of appraisal time is ensured through the FDA pre-certification program, which led to a reduction of appraisal time by 32% in IoT carts.
