Medical Carts Market Toward USD 7.1 Billion By 2033

Introduction

Global Medical Carts Market size is expected to be worth around USD 7.1 Billion by 2033, from USD 2.1 Billion in 2023, growing at a CAGR of 12.7% during the forecast period from 2024 to 2033.

Medical carts are essential, lightweight, and mobile units used in healthcare facilities for various purposes. They aid in storing and transporting medicines, supplies, and equipment. Typically, these carts are made from materials like stainless steel, powder-coated steel, wood laminate, or healthcare-grade PVC. To ensure convenience, they often come with accessories such as power outlet strips and storage bins.

Medical carts can be categorized based on their design, material, shape, and weight. The common types include respiratory carts, housekeeping carts, crash carts, utility carts, and isolation carts. Each type is specially designed for specific tasks and purposes, enhancing the efficiency of healthcare professionals.

The market for medical carts is expanding significantly. The key factors driving this growth include the rising prevalence of musculoskeletal injuries (MSI) and the increasing adoption of electronic medical records (EMR) in hospitals. According to the World Health Organization, approximately 1.71 billion people globally suffer from musculoskeletal conditions. Furthermore, the number of individuals affected is rising due to population growth and aging.

These trends indicate that the demand for medical carts is set to increase in the near future. Their versatility and functionality will continue to be crucial in addressing the evolving needs of healthcare facilities.

Key Takeaways

• Market Size: Medical Carts Market size is expected to be worth around USD 7.1 Billion by 2033, from USD 2.1 Billion in 2023.
• Market Growth: The market growing at a CAGR of 12.7% during the forecast period from 2024 to 2033.
• Trending Analysis: Electronic Medical Records, Barcode Scanning, RFID Tracking, Telemedicine Become Trending Nowadays.
• Type Analysis: Emergency carts are dominated the medical carts market with the largest market share 30.7%, and the highest CAGR of 8.5% in 2023.
• Product Analysis: The Mobile Computing Cart Segment Holds the Majority Share in the Medical Carts Market During the Forecasted Period.
• Material Analysis: The Metal Segment is Dominator in Material Segment and Accounted Highest Revenue in Material Segment in 2023.
• End-Use Analysis: The Hospital Segment Dominates and Accounted Highest Revenue in End-User Segment in Medical Carts Market.
• Regional Analysis: In 2023, North America accounted for 45.7% Revenue Share in 2023 for Medical Carts Market and holds USD 0.95 Billion market value for the year.

Medical Carts Statistics

Patient Preferences:

• According to Wakefield Research, 56% of patients express a desire for more time with their medical team.
• More than 50% of patients prefer increased discussions regarding their care and treatments.

Crash Cart Knowledge and Practice:

• 60% of staff nurses have adequate knowledge of crash carts, whereas only 10% of student nurses demonstrate sufficient knowledge in this area.
• In terms of practical application, 80% of staff nurses achieved a good practice score when using crash carts. However, 60% of student nurses exhibited poor practice scores with crash carts.

Market Size and Growth:

• The total market size for medical carts in 2023 is usd 2.1 billion. This market is expected to grow to usd 2.4 billion in 2024 and usd 2.7 billion in 2025.
• By 2026, the market size is projected to reach usd 3.0 billion, and in 2027, it is expected to expand further to usd 3.4 billion.
• The growth continues with a projected market size of $3.8 billion in 2028, usd 4.3 billion in 2029, and usd 4.8 billion in 2030.
• By 2031, the market is forecasted to be usd 5.5 billion, and it is projected to reach usd 6.2 billion in 2032.
• The market is expected to grow to usd 7.1 billion by 2033.

Compound Annual Growth Rate (CAGR):

• From 2023 to 2033, the market for medical carts is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 12.7%.

Emerging Trends

• Enhanced Crash Cart Preparedness: Hospitals are increasingly focusing on the readiness of crash carts. A study highlighted that missing or outdated supplies in crash carts contributed to patient safety events. Hospitals are now adopting electronic solutions, such as web-based tracking systems, to monitor the condition and stock of crash carts to improve emergency preparedness.
• Medication Security: Secure storage of medications in emergency carts is a growing trend. The implementation of breakaway tags with numeric identification numbers is used to maintain the security of emergency carts while allowing for quick access when needed.
• Electronic Solutions for Monitoring: Hospitals are implementing electronic tracking systems to monitor the condition and use of crash carts. These systems provide alerts for expired items and notify hospital staff about the carts that require checking, enhancing efficiency and patient safety.
• Standardization of Equipment: There is a push towards standardizing the equipment stored in medical carts to reduce complexity. Standardization simplifies the checking process and ensures the availability of essential equipment during emergencies.
• Frequent Training for Staff: Staff training on the usage and stocking procedures for medical carts is becoming a priority. This addresses the unfamiliarity that some healthcare staff may have with the items stored within the carts and the processes to follow during emergencies.
• Centralized Monitoring: Some healthcare facilities are adopting centralized tracking of equipment availability, using technology to manage the distribution and replenishment of essential supplies across different hospital departments.
• Inventory Management: Hospitals are leveraging electronic databases for efficient inventory management. For example, sealed tray systems are being implemented to keep track of supplies, ensuring they are up-to-date and minimizing the risk of missing essential equipment.
• Balancing Security and Accessibility: With the need for emergency medications to be readily available, hospitals are adopting practices that maintain security without hindering access to essential medications during emergencies. This balance is crucial to prevent delays in patient care.
• Minimizing Equipment Borrowing: A trend has emerged in preventing the borrowing of equipment from emergency carts by adopting sealed tray systems. This helps ensure that the carts are always fully stocked and ready for use.
• Regular Policy and Procedure Checks: Hospitals are implementing routine checks based on established policies and procedures to ensure the medical carts are properly maintained and stocked. This practice enhances the reliability of crash carts during life-threatening situations.

Use Cases

• Emergency Preparedness (Crash Carts): Medical carts, particularly crash carts, are used to provide immediate access to life-saving equipment and medications during cardiac arrests or other critical emergencies. They typically include defibrillators, airway management tools, and drugs like epinephrine and atropine. This quick access ensures timely and efficient care in life-threatening situations.
• Medication Security: Medical carts are used to securely store and transport medications throughout hospitals. The Joint Commission mandates that emergency carts balance security with immediate accessibility to ensure emergency medications are available when needed.
• Routine Maintenance and Inventory Management: Hospitals use tracking systems to manage medical carts, ensuring supplies and medications are neither expired nor missing. This system provides alerts to staff about equipment that requires checking or replacing, which is crucial for maintaining preparedness.
• Staff Training and Simulation: Medical carts are used in hospitals and training facilities for educational purposes. Regular practice using crash carts helps staff familiarize themselves with the equipment and supplies, improving response times during actual emergencies.
• Standardizing Emergency Supplies: Hospitals implement standardized carts for specific medical scenarios to reduce variability during emergencies. This standardization simplifies locating essential equipment, enhancing the efficacy of emergency response.
• Electronic Health Record Access: Medical carts with computer integration provide healthcare professionals with mobile access to patient records at the bedside. This real-time data availability facilitates better care coordination and documentation accuracy.
• Pediatric Emergency Care: Specialized pediatric crash carts include child-specific supplies and medications, allowing healthcare professionals to administer the proper care in emergencies involving infants and children. This specialization aligns with pediatric care guidelines and enhances treatment efficacy.
• Infection Control (Isolation Carts): Isolation carts hold personal protective equipment (PPE) such as gloves, gowns, and masks. They are strategically placed outside the rooms of patients with infectious diseases to prevent cross-contamination, adhering to infection control protocols.
• Respiratory Support: Respiratory carts contain equipment like nebulizers, suction units, and oxygen supplies, providing respiratory support to patients. This ensures quick access to vital respiratory aids during emergencies or for patients with chronic respiratory conditions.

Conclusion

The medical carts market is experiencing significant growth, driven by the increasing prevalence of musculoskeletal injuries and the adoption of electronic medical records in healthcare. With an expected CAGR of 12.7% from 2024 to 2033, the market is set to reach usd 7.1 billion by 2033. Trends such as enhanced crash cart preparedness, medication security, and electronic monitoring are reshaping the market. The diverse use cases, including emergency response, medication management, and infection control, underscore the critical role of medical carts in healthcare facilities. Their continued evolution and adoption will be essential in meeting the dynamic needs of the healthcare industry.

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