NORTH AMERICA MEDICAL CARTS MARKET ANALYSIS

North America Medical Carts MarketSize and Trends

North America medical carts market is estimated to be valued at US$ 1,244.0 million in 2023 and is expected to exhibit a CAGR of 13.6 % during the forecast period (2023-2030).

Figure 1. North America Medical Carts Market Share (%), By Product Type, 2023

North America Medical Carts Market– Drivers

Increasing strategies like acquisition by key market players for medical cart technology

Increasing strategies like acquisitions by key market players is expected to drive the North America medical Carts Market growth. For instance, on January 10, 2023, Capsa Healthcare, a U.S.-based healthcare delivery solutions company, announced acquisition of Tryten Technologies Inc., a Canada-based manufacturer of mobile cart. Tryten’s mobile workstation space, will help Capsa to deliver its clinical customer a product that provides the best care to their patients in whatever setting they work.

Increasing launch of newer products and their accessories by key market players

Increasing strategies from key market players like launch of new products and accessories is expected to drive the North America medical carts market growth over the forecast period. For instance, on July 19, 2022, Holo Industries LLC, a U.S. based technology manufacturing company, announced launch of a transformative HoloMed line of holographic inserts for medical carts, patient monitors and other products that protect patients and hospital staff by virtually eliminating surface contact and touch points, thereby reducing the transmission of healthcare associated microbial infections. It uses holographic touch which ensures mid-air interaction without special lighting, glasses or headgears.

Figure 2. North America Medical Carts Market Share (%), By Country, 2023

North America Medical Carts Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, the U.A.E., Egypt, and others faced problems regarding transportation of drugs from one place to another.

However, the COVID-19 pandemic had positive impact on the North America medical carts market, due to increased demand for medical carts during COVID-19. For instance, on April 14, 2021, ASUSTek Computer Inc., a Taiwan-based computer Hardware Company collaborated with Intel Corporation, a U.S.-based technology company to build mobile carts to support healthcare professionals to work with efficacy and safety with addition of telemedicine facility to medical carts. This cloud-connected nursing cart can help hospital doctors to provide care for COVID-19 patients in isolation wards.