Medical Procedure Carts Is The Fastest Growing Segment Driving Growth Of The The Medical Carts Market

 


The global medical carts market is segmented based on product type, end user, and region. The product type segment is further bifurcated into medical procedure carts, emergency carts, anesthesia carts, and other carts. Among these, the medical procedure carts segment dominates and holds the largest market share. Medical procedure carts are designed for carrying medical equipment, supplies, and accessories used during medical procedures. Their versatility and functionality make them suitable for use in various departments such as surgery, imaging, intensive care, etc.

The Medical Carts Market is estimated to be valued at US$ 3,479.2 Mn in 2023 and is expected to exhibit a CAGR of 9.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways

The global medical carts market is expected to witness high growth, exhibiting CAGR of 9.9% over the forecast period, due to increasing prevalence of chronic diseases and growing demand for improved healthcare services.

Regional analysis - North America holds the largest share of the global medical carts market owing to factors such as increasing healthcare expenditure and well-established healthcare infrastructure in the region. Europe and Asia Pacific are expected to be the fastest growing markets for medical carts during the forecast period due to rising geriatric population, improving healthcare systems, and growing medical tourism in these regions.

Key players - Key players operating in the medical carts market are AFC Industries, Advantech Co., Ltd., Alphatron, Enovate Medical, Ergotron, Inc., Harloff Manufacturing Co., JACO, Inc., Medline Industries, Inc., and Scott-Clark Medical. These players are focusing on new product launches and partnerships to strengthen their market presence. For instance, Ergotron introduced IntelliGuard medical carts with advanced anti-microbial properties in 2022.

The global medical carts market size was valued at US$ 3,479.2 million in 2023 and is expected to reach US$ 7,555.2 million by 2030, expanding at a CAGR of 9.9% during the forecast period. North America dominates the global market, while Asia Pacific is expected to offer lucrative growth opportunities for players operating in the medical carts market.\

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