North America Medical Carts Market, By Product Type (Emergency Cart, Procedure Cart, Anesthesia Cart, Computer Medical Cart, and Others), By Material Type (Metal, Plastic, and Wood), By Energy Source (Powered and Non-powered (Mechanical)), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, and Others), By Country (U.S., Canada) 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), as highlighted in a new report published by Coherent Market Insights.
The strategies by key market players like acquisitions is expected to drive the North America medical carts market growth over the forecast period. For instance, on August 3, 2021, Capsa Healthcare LLC., a U.S.-based healthcare technology company announced acquisition of Specialty Carts, Inc., a U.S.-based specialty cart manufacturer. This acquisition will provide Capsa the diverse and innovative products of Specialty carts which are mainly designed for extended care pharmacies and resident facilities.
North America Medical Carts Market– Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China), in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and health-care of every country in the world.
COVID-19 affected the economy in three main ways: by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to the lockdown, several countries, such as India, China, Brazil, and others faced problems regarding transportation of drugs from one place to another.
COVID-19 had positive impact on the North America medical carts market due to increasing need of medical carts for the efficient and rapid treatment of patients. For instance, on June 15, 2020, Altus Group Ltd., a Canada-based software company, announced that during COVID pandemic company designed and shipped more than 85 custom carts with accessories for a California Health System, Pennsylvania hospitals and Michigan hospital. Also, as hospitals were overflowed with patients; mobile and durable medical carts for roadside use were also designed. New York hospitals were provided with powered computer carts. Such rise in demand during COVID impact positively on the North America medical carts market.
North America Medical Carts Market: Key Developments
Increasing strategies like partnerships by key market players is expected to drive the market growth.
For instance, on February 12, 2020, Ergotron Inc., a U.S.-based medical technology company, partnered with Ingram Micro Inc., a China-based computer and technology manufacturer, to donate medical carts in two hospitals in Wuhan, China. The carts will be used for telemedicine applications with processing electronic medical records.
Browse 26 Market Data Tables and 27 Figures spread through 150 Pages and in-depth TOC on North America Medical Carts Market, By Product Type (Emergency Cart, Procedure Cart, Anesthesia Cart, Computer Medical Cart, Others), By Material Type (Metal, Plastic, Wood), By Energy Source (Powered, Non-powered (Mechanical)), End User (Hospitals, Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others), By Country (U.S., Canada)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/north-america-medical-carts-market-3659
Key Takeaways of the North America Medical Carts Market:
- North America medical carts market is expected to exhibit a CAGR of 13.6% during the forecast period. Launch of newer products by key market players is expected to accelerate growth of North America medical carts market. For instance, on September 16, 2020, Ergotron Inc., a U.S.-based medical technology company, announced launch of StyleView Pole Cart, a compact mobile cart for healthcare use. It has optional hot swap battery to keep power available to cart. It has T-slot and VESA plate to fit variety of accessories. It can offer precise movement from room to room and across floors.
- Among product type, emergency cart segment is expected to dominate the North America medical carts market over the forecast period, owing to launch of newer carts for emergency use. For instance, on April 20, 2020, Midwest Products & Engineering Inc. (MPE), a U.S.-based medical technology company, launched emergency medical cart to solve critical ventilator need. It is durable yet lightweight for high demand of Intensive care units. It consists of all inclusive device shelf, basket, total lock medical grade casters and three mounting rails to hold the ventilator circuit arm, humidifier and other necessary equipment. It also helps in carrying oxygen tank for transport of ventilated patient.
- Major players operating in the North America medical carts market include Herman Miller, Inc., Omnicell, Inc., The Harloff Company, Capsa Healthcare, Medline Industries, Inc., Armstrong Medical Industries, Inc., Waterloo Healthcare, Ergotron, Inc., TouchPoint Medical, and AFC industries Inc.
