Medical Cart Industry Analysis in North America

Analytical Study of the Scope of Medical Cart in North America for 2024 to 2034

The medical cart solutions in North America are expected to be adopted at a rate of 4.7% through 2034. The size of the medical cart industry in North America is expected to catapult from USD 2,255.10 million in 2023 to USD 3,750.98 million by 2034.

Attributes	Details
Industry Size of Medical Cart in North America, 2024	USD 2,361.09 million
Expected Industry Size of Medical Cart in North America, 2034	USD 3,750.98 million
Forecast CAGR between 2024 to 2034	4.7%

Top Trends Fueling the Adoption of Medical Carts in North America

• The increase in hospitals, healthcare facilities, specialized care centers, birthing centers, etc., due to the accelerating medical cases, is boosting investments in medical carts. The robust healthcare industry in North America is supporting the sales of medical carts.
• Surging government mandates to make the healthcare sector go digital are expected to drive sales of medical carts. Governments in the region have ordered the necessary set up of EMRs in clinics or hospitals to transform all medical charts into digital format. To increase the accessibility of these records, the systems are expected to be integrated into medical carts.
• Manufacturers are integrating medical carts with various IT solutions for practical medical storage and access. The devices are lightweight, come with touch panels, and have smooth wheels, thus facilitating easy mobility and little effort by nurses to avoid muscular pains. More such advancements in the medical carts are expected to drive innovation in the medical cart field.

Historical Growth of the North America Medical Cart Industry Vs. Forecast Outlook

Attributes	Details
North America Medical Cart Industry Size (2023)	USD 2,255.10 million

The North America medical cart industry is projected to scale up from USD 2,255.10 million in 2023 to USD 3,750.98 million by 2034, registering a CAGR of 4.7% in the meanwhile. The following factors have been propelling growth of the industry:

• Increasing expenditure in the healthcare industry is projected to create beneficial prospects for the sales and business of medical carts in North America.
• Key players increasingly focus on partnering, acquiring, and forming alliances to increase the customer base.
• Rising efforts to develop innovative medical cart solutions that meet the transforming demands of the medical industry.

Historical CAGR (2019 to 2022)	5.6%
Forecast CAGR (2024 to 2034)	4.7%

Country-wise Insights

Players in the United States Delivering Advanced Medical Cart Technology

Country	The United States
Forecast CAGR % (2024 to 2034)	5.2%

The adoption rate of medical carts in the United States is projected to be 5.2% CAGR through 2034. The following factors are strengthening the size of medical carts in the country:

• Surging strategic moves like acquisition and partnerships by leading players are projected to propel the adoption of medical carts in the United States. For instance, in January 2023, the United States healthcare delivery solutions firm called Capsa Healthcare reported the acquisition of Tryten Technologies Inc., which is a Canada-based manufacturer of mobile carts. The mobile workstation space of Tryten is expected to assist Capsa in offering its clinical customers a product that delivers the best care to their patients.
• Players are introducing new products and technologies related to medical carts to advance the medical field. For instance, Detecto, which is a medical cart manufacturer, in November 2022 released customizable Mobile CareMedical carts. These carts present three lock types, including electronic, keyed, and quick release, for the selection. To enable a centralized point for all employee security settings and cart access, windows software is included.

Rising Demand for Power-driven Medication Carts in Canada Propelling the Equipment Sales

Country	Canada
Forecast CAGR % (2024 to 2034)	6.2%

As purchasing patterns of medical carts in Canada exhibit a comparatively higher CAGR through 2034, i.e., 6.2%, stakeholders are expected to take advantage of the brimming business opportunities for medical carts in the country. The following factors reveal the leading factors that are inducing growth in the medical cart industry in Canada:

• Increasing product releases by key players in the country. In August 2022, Tryten Technologies, which is a Canada-based manufacturer of mobile carts, introduced a Tryten S series. The series includes small-footprint and lightweight carts engineered to carry portable medical devices and tablets, such as vital sign monitors, ultrasound, and ECG monitors. The series is designed to have more extensive peripherals, such as all-in-one computers, monitors, supply caddies, and more.
• Surging innovations by key players to elevate the storage and organization of supplies and pharmaceuticals are expected to propel investments in medical carts in the country.

Category-wise Insights

Real-time Locating System Gaining a Leading Share

Leading Product Type	Real-time Locating System
Value Share % (2024)	36.80%

The latest estimates by FMI analysts reveal that real-time locating system holds a prominent position in the medical cart industry of North America. The estimated figure for the total size of the real-time locating system segment is 36.80% in 2024. Mentioned below are the top factors backing the sales of real-time locating systems:

• Growing focus of healthcare staff on operational efficiency and elevated patient care is creating value for real-time locating systems in the healthcare setup.
• Increasing efforts to oversee purchases and maintenance related to medical equipment effectively is bringing focus on real-time locating systems to track the whereabouts of patients.
• Ongoing technological advancements are projected to increase the importance of real-time locating systems in medical carts and healthcare settings.

Significant Adoption of Medical Carts in Diagnostic Centers to Elevate Industry Growth in North America

Leading End User	Diagnostic Centers
Value Share % (2024)	36.80%

Diagnostic centers are the leading consumers of medical carts. As per recent statistics for the overall scope of the medical cart industry in North America, the diagnostic center segment takes up 36.80% value share. The following factors are backing the extensive consumption of medical carts in the region:

• Increasing demand to store and organize supplies and equipment in diagnostic centers effectively is boosting the sales of medical carts.
• As the industry moves toward efficiency in time and cost, technologically advanced versions of medical carts are expected to find even more importance over the forecast period.
• Rising integration of medical carts with point-of-care testing (POCT) devices like coagulation analyzers, blood glucose monitors, etc., to enable healthcare professionals to acquire fast and accurate results for improved patient care.

Leading Strategies of Players Operating in North America

Key participants are concentrating their resources on developing distinctly new products that meet the demands of hospitals and enhance patient safety. Increasing hospital capacity to adopt medical equipment is projected to favor the sales and production of medical carts in North America. Leading players in the region are scaling up their production facilities to meet the surge in demand from multiple end users. Additionally, players are making their product portfolio robust by introducing new products with unique features for specific purposes.

New Trends Spotted in North America

• InterMetro Industries Corporation and Ergotron, Inc. are launching powered medical carts to streamline the work of nursing facility staff. Nurses especially opt for these mobile medical carts as they are vulnerable to developing musculoskeletal disorders.
• Omnicell Inc. develops medication workstations to elevate supply and medication automation management.
• Ergotron Inc. provides an extensive range of powered medical carts with features that are easy to maneuver and ergonomic. This technological shift to powered medical carts is expected to set the tone for the industry over the forecast period.

Key Developments in the Medical Carts by Key Players Operating in North America:

• Atlas, in June 2022, revealed that it is expanding its Cameo telehealth cart line to meet the surging demand and uptake of telehealth solutions in healthcare facilities. The latest Cameo-built tablet carts offer elevated virtual interactions like physician rounding, teleconsultations, and translation services. This expansion is expected to accelerate the demand for the company’s products and assist in boosting the company’s growth.
• Wolters Kluwer, a United States-based information services firm, reported in December 2022 that it is launching Simplifi+ Compliance Suite to support consistent, more precise medication tray management and safe emergency cart restocking. The new launch standardizes and automates emergency cart medication tray management.
• Altus Industries Inc., a United States-based manufacturer of technology workstations, announced in June 2022 that it is extending its product line by foraying into the telehealth carts category as demand for telehealth solutions is on the rise. The company has introduced a rolling cart that carries a monitor or a tablet to execute virtual visits. The cart's design can accommodate several accessories like baskets and wipe containers. The tablet feature also contains a tablet lock to keep the charging cable intact.
• Capsa Healthcare, which is a United States-based healthcare delivery solutions company, launched Trio Mobile Computing workstations in August 2020. Trio is the company’s latest-generation point-of-care platform to facilitate medication management and mobilize e-health records.
• Holo Industries LLC, which is a United States-based technology manufacturing firm, revealed in July 2022 the release of the transformative HoloMed series of holographic inserts for patient monitors, medical carts, and other products that shield hospital staff and patients by virtually eliminating touch points and surface contact, thus lowering the transmission of healthcare-related microbial infections. The cart utilizes a holographic touch that confirms mid-air interaction without special glasses, lighting, or headgear.

Key Providers of Medical Carts in North America

• Herman Miller, Inc.
• Omnicell, Inc.
• The Harloff Company
• Capsa Healthcare
• Medline Industries, Inc.
• Armstrong Medical Industries, Inc.
• Waterloo Healthcare
• Ergotron, Inc.
• TouchPoint Medical
• AFC Industries Inc.
• Midmark Corporation
• Hill-Rom Holdings, Inc.

Scope of Medical Cart Industry Report

Attribute	Details
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Industry Analysis	Units for Volume and USD million for Value
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa
Key Countries Covered	The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others.
Key Industry Segments Covered	End User, Material Type, Product Type, Energy Source, and Region
Key Companies Profiled	Herman Miller, Inc.; Omnicell, Inc.; The Harloff Company; Capsa Healthcare; Medline Industries, Inc.; Armstrong Medical Industries, Inc.; Waterloo Healthcare; Ergotron, Inc.; TouchPoint Medical; AFC Industries Inc.; Midmark Corporation; Hill-Rom Holdings, Inc.

Key Segments in of North America Medical Cart Industry

By End User:

• Hospitals
• Clinics
• Ambulatory Surgical Centres
• Diagnostic Centres
• Others

By Material Type:

• Metal
• Plastic
• Wood

By Energy Source:

• Powered
• Non-Powered (Mechanical)

By Product Type:

• Emergency Carts
• Procedure/Treatment Carts
• Anaesthesia Carts
• Medical Computer Carts
• Others

By Country:

• The United States
• Canada

Frequently Asked Questions

How Big is the Medical Cart Industry in North America?

The medical cart industry in North America is expected to reach US$ 2,361.09 million in 2024.

At What Rate Is the Medical Cart Industry Growing in North America?

The anticipated CAGR through 2033 is 4.7%.

How Big Will the Medical Cart Industry Be in North America?

Demand for medical carts in North America is expected to be US$ 3,750.98 million by 2034.

Which End User Extensively Employs Medical Cart?

Diagnostic centers prominently use medical carts.

Which Product Takes Up Significant Share?

Real-time locating system takes a considerable share of the industry in North America.