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Medical Carts Global Market Analysis, Trends, Growth, Research And Forecast 2033
Medical Carts Global Market Analysis
According to The Business Research Company's, The medical carts market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to rise of electronic health records (ehr), patient-centric care, hospital modernization, healthcare regulations, aging population,.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of the medical carts market going forward. Chronic diseases are defined as problems that last for a year or longer and necessitate continuing medical care, restricting everyday activities, or both. Medical carts in chronic disease management provides healthcare professionals with mobile access to essential medications, equipment, and patient records, facilitating timely and efficient care delivery while improving patient outcomes and comfort. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based National Library of Medicine, it is projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness will surge by 99.5%, rising from 71.522 million in 2020 to 142.66 million. Therefore, the increasing prevalence of chronic diseases is driving the growth of the medical carts market.
Major companies operating in the medical carts market are increasing their focus on introducing mobile medical carts to gain a competitive edge in the market. A mobile medical cart is a portable, often wheeled, cart or trolley designed for use in healthcare settings. For instance, in August 2021, Ergotron, a US-based technology company, launched an updated version of its CareFit Pro Medical Cart designed to improve caregiver well-being and enhance the quality of care. The new CareFit Pro Medical Cart is designed to future-proof workflows, ensuring that it can adapt to changing healthcare needs and technologies. The updated design of the medical cart prioritizes caregiver well-being, enabling them to provide patient-centered care more effectively.
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Major Key Players of the Market:
ITD GmbH; Advantech Co. Ltd.; Harloff Manufacturing Co. Inc.; AFC Industries Inc.; Midmark Corporation; Capsa Healthcare LLC; Bergmann Group GmbH & Co. KG; Onyx Healthcare Inc.; InterMetro Industries Corporation Inc.; Waterloo Healthcare Inc.; Ergotron Inc.; Jaco Inc.; Enovate Medical LLC; TouchPoint Medical Inc.; Merino International Group LLC; Lakeside Manufacturing Inc.; BiHealthcare Inc.; Scott-Clark Medical Inc.; Medstor Systems USA LLC; Hergo Ergonomic Support Systems Inc.; Cardinal Scale Manufacturing Company; Capsa Solutions LLC; Omnicell Inc.; Mid Central Medical; Medline Industries LP; Altus Inc; Armstrong Medical Industries, Inc.; Modern Medical Equipment Mfg. Ltd.; Omnimed Inc.; Pedigo Products Inc.
Medical Carts Market 2024 Key Insights:
• The medical carts market size is expected to grow to $4.75 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%.
• Chronic Disease Fuels Demand For Medical Carts
• Mobile Medical Carts Revolutionizing The Medical Cart Market
• North America was the largest region in the medical carts market in 2023.
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