Market Analysis: Carts, Cabinets Markets Expected to Grow

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market analysis

Carts, Cabinets Markets Expected to Grow

Staff report

The global surgical case carts market was estimated to be $326.28 million in 2021, according to ReportLinker. It is expected to reach $530.53 million by 2027, registering a compound annual growth rate (CAGR) of 8.32% during the forecast period 20222027.

A report from Grand View Research states that the U.S. medical carts market size was valued at $662 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2021 to 2028.

An increasing incidence of musculoskeletal injuries (MSI) among caregivers, growing demand for mobile computer carts in the critical surgical procedures, rapid increase in the volume of hospitals and urgent care centers, and growing admissions as well as an increase in adoption of the electronic medical records in hospitals are a few factors driving the U.S. medical carts market growth, according to the report.

Due to the high number of patients infected with COVID-19 admitted to health care facilities across the country, there has been a significant increase in the deployment of medical carts, the report added. This has triggered a sudden surge in the market for medical carts in the U.S., creating infinite prospects for market players. For instance, in April 2020 Midwest Products & Engineering introduced its Emergency Response Cart to address ventilator workflow challenges associated with COVID-19 patients who require immediate treatment. Similarly, in March 2020, the firm ramped up its manufacturing of medical carts to assist patient care during the COVID-19 pandemic.

A growing clinical need to help nursing staff is expected to propel the market over the forecast period.

“Numerous injuries necessitate surgical correction, as there is an increase in musculoskeletal ailments,” according to the report. “Nurses, doctors, and other medical experts can assess a patient’s status and respond in real-time with emergency and nonemergency equipment in hand. Furthermore, most of these medical carts feature locking mechanisms to ensure that only experts have access to prescriptions and other equipment. As health care facilities employ more physicians and their support staff, they need a range of medical carts, comprising those used for medical procedures, anesthesia, transporting equipment, surgery, data entry (features electronic equipment) and emergencies. A protected medication cart integrated with a tablet PC is more suitable than using separate medication and computer carts on the surgical floor while saving space and cost in medical facilities. As critical care units have limited floor space and require intense patient care, demand for medical carts is likely to increase over the forecast period.”

Mordor Intelligence reports that the medical carts market is estimated to be $1.2 billion in 2021. It is expected to reach $1.8 billion by 2027, registering a CAGR of 7.78% over the forecast period (2022-2027).

As COVID-19 infection is widespread globally, patient care requirements have increased, and personal protection and medical equipment, including medical carts, are in high demand. As there is a huge inflow of patients across the world, there is an immense need to decrease the spread of infection. Handheld diagnostics are one of the critical paths of infectionspreading tools that must be taken care of. Hence, the usage of medical carts is likely to increase during the pandemic to safely administer medications and other necessary needs to patients and health care professionals. For instance, in February 2021, Ergotron and Ingram Micro collaborated to donate medical carts to help in the novel coronavirus outbreak.

The major factors attributing to the increased adoption of medical carts in recent years are a rise in health care facilities, increased health care burden necessitating technological advancements and a surge in patient care. Moreover, the reduction in labor costs and the adoption of automation is likely to drive the growth of the medical carts market throughout the forecast period. In December 2021, the AMiS30EP pole cart was the newest addition to Advantech’s AMiS product line, which is a prominent provider of medical computer systems and services. Depending on the application, this product can be supplied with a variety of monitors and devices. As a result of these technical breakthroughs, the market is likely to expand in the near future. Moreover, in August 2021, the new Trio mobile computing workstation from Capsa Healthcare has been released. Capsa’s Trio point-of-care platform mobilizes electronic health records and supports efficient and precise drug management. As a result of these developments, the market is likely to expand in the near future.

DataIntelo reports that the global medical cabinets market was estimated to be $8.11 billion in 2019. It is expected to grow at a CAGR of 4.7% from 2022 to 2030.

Medical cabinets are furniture specifically designed to store medical supplies and equipment. They come in a variety of shapes and sizes and can be either stationary or mobile. Some cabinets have hangtype shelves, which allow for the vertical storage of items.