Tag Archives: Medical Carts Market

Medical Carts Market is expected to increase at a CAGR of 15.1% in terms of revenues during the forecast period 2026

The North America medical carts market is expected to increase at a y-o-y growth rate of over 11.2% and reach US$ 597.3 Mn in revenues in 2017. The U.S. occupies significant market share and collectively accounts for nearly 90.7% revenue share of the market in 2017. Medical computer carts are widely adopted as it reduces the medication error and contributes to patient safety are favouring the growth of the market over the forecast period. Cost-effective and economically designed medical carts are further boosting the growth of the medical carts market. Product launches by various companies and technology advancements in North America is projected to play an important role in driving growth of medical carts market. However, safety issues with medical carts, availability of advanced products will continue to pose challenges for growth of the market

Medical Carts Market to Reach at a Value of $1,512.12 million by 2026

According to Stratistics MRC, the Global Medical Carts market is accounted for $611.12 million in 2017 and is expected to reach $1,512.12 million by 2026 growing at a CAGR of 13.9%. Medical carts are lightweight and durable mobile carts used in medical amenities for storing and transporting medications, emergency equipment, and medical supplies.

Some of the reasons behind the favorable growth include rising acceptance of EMR (electronic medical records) in hospitals, increasing demand for medical and surgical staff, growing prevalence of musculoskeletal injury (MSI) and accessibility of technologically advanced medical carts. However, lack of skilled workforce, shortage of funds and high cost of modified medical carts are some factors reflecting the market strength.