New Delhi, Sept. 06, 2022 (GLOBE NEWSWIRE) — As the population ages, the demand for the medical cart market is increasing. These carts are used in hospitals and clinics to transport patients from room to room or between departments. They also have many other applications, such as home care or palliative care. One of the reasons for the growing demand for medical carts is that they are easier and more comfortable for patients to maneuver than wheelchairs or walkers. They also reduce the amount of walking patients have to do. There are many companies that manufacture medical carts, and there are a wide variety of designs and features available.
Home care offers a lucrative growth opportunity for the medical cart market
Health care will increasingly shift to providing care in three modes: home, office and health care facilities in the years to come. Most patients now receive care primarily in health facilities such as hospitals, clinics and outpatient care, but this is likely to change as more patients seek care from outside health care providers. from the health institute. Additionally, many health care providers now believe that providing care in an easily accessible and comfortable environment is better for both the patient and the provider. This growth of the global medical cart market is further supported by the rapid growth in the prevalence of chronic diseases, the increase in the aging population, the rapid propensity to receive care at home. As a result, the global medical market is witnessing a surge in demand for home care medical carts which is emerging as a new trend in the market.
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The global home healthcare market is estimated to generate $298.4 billion in revenue by 2026, a significant increase from $197.8 billion in 2021. In 2018, more than 7.3 million people were receiving home care, which rose to 10.9 million in 2022 in the US. Currently, more than 78 million people around the world are caring for their homes and are facing, among other things, chronic illnesses, disabilities and heart disease. Hence Astute Analytica found that more than 3 million medical carts are sold annually to meet the growing demand for home care in the medical cart market, which is expected to grow at a CAGR of 17.8% in the coming years. coming. One reason is that home treatment is often cheaper than treatment in clinics or hospitals. Also, many people find that they can stick to their home treatment program much better than they can stick to a clinic or hospital program. Finally, there is the fact that most people prefer home care. This gives them a sense of control and autonomy over their treatment process, which can be very beneficial.
India to witness 52% growth in medical cart demand by 2030
In 2020, there were approximately 23.3 million medical carts present globally, and this number is expected to increase at a CAGR of 7.5% through 2030. In this case, most medical carts were present in the States United States, Japan and China. These three countries collectively hold more than 29% of the total number in the global medical cart market.
On the other hand, India is witnessing significant growth in the expansion of healthcare infrastructure mainly in the urban area. Currently, more than 1.37 billion people live in India, representing 17.5% of the world’s population. According to our findings, India is home to more than 47,000 hospitals across the country, growing to 37,725 in 2018. Out of which, more than 62% of the hospitals are private and well-equipped in the Indian medical cart market. The Astute Analytica analyst said every 20-30 bed private hospital has at least 7 medical carts. Considering current population growth, state and central government investments, healthcare infrastructure needs, India will need an additional 1.3 billion square feet to build new hospitals by 2030. To be Specifically, India had over 1.9 million beds, which is expected to increase to 2.9 million by 2030.
As a result, we forecast Indian medical cart market to witness a 52% growth in total medical cart demand considering rapid growth in income level, increase in government expenditure, increase in number of hospitals, the growing penetration of insurance and the changing nature of epidemiology.
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Automated distribution carts are becoming popular
Demand for automated dispensing medical carts is increasing as healthcare organizations seek to improve patient safety and medication management. These carts help automate medication dispensing, which can help reduce errors and improve efficiency.
There are a number of different types of automated dispensing medical carts available in the global medical cart market, each with their own unique features and benefits. According to Astute Analytica, the most popular type of cart is the pharmacy-based system, which is designed to work in conjunction with a hospital’s existing pharmacy information system. This type of cart usually includes an inventory management system that can track medications and provide alerts when stock levels are low.
Another type of automated dispensing medical cart is the stand-alone unit, which does not require integration with a hospital’s existing systems. Stand-alone units are often used in nursing homes or other long-term care facilities where patients may have multiple prescriptions from different providers. These units typically have built-in barcode scanners that allow staff to dispense medications quickly and easily.
Key players in the global medical cart market
- Advantech Co. Ltd
- AFC Industries Inc.
- Altus Inc.
- Bergmann Group
- Capsa Health
- Enovate Medical
- Ergotron Inc.
- Harloff Manufacturing Co.
- InterMetro Industries Corporation
- ITD GmbH
- Jaco inc.
- Factory Joy Inc.
- McKesson Medical-Surgical Inc.
- Master Medical Co., Ltd.
- Midmark Company
- Midwestern Products and Engineering
- Omnicell Inc.
- The Bergman group
- Waterloo Health Care
- Other top players
Scope of the global medical cart market
|Market size value in 2021||US$1,576.21 million|
|Market outlook for 2030||US$4,003.25 million|
|Expected CAGR Growth||11.24%|
|Profiled companies||Advantech Co. Ltd, AFC Industries Inc., Altus Inc., Bergmann Group, Capsa Healthcare, Enovate Medical, Ergotron Inc., Harloff Manufacturing Co., InterMetro Industries Corporation, ITD GmbH, Jaco Inc., Joy Factory Inc., McKesson Medical -Surgical Inc., Medical Master Co., Ltd., Midmark Corporation, Midwest Products & Engineering, Omnicell Inc., The Bergmann Group, Waterloo Healthcare, other significant players|
|Segments Covered||By type, by application, by material type, by payload, by end user, by distribution channel, by region|
|Geographical areas covered||North America, Europe, Asia-Pacific, South America, Middle East and Africa|
|Personalization options||Get your personalized report according to your preferences. Ask for customization|
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