PUBLISHER: Grand View Research | PRODUCT CODE: 1529660
PUBLISHER: Grand View Research | PRODUCT CODE: 1529660
The U.S. medical carts market is anticipated to reach USD 2.02 billion by 2030 and is anticipated to expand at a CAGR of 12.4% from 2024 to 2030, according to a new report by Grand View Research, Inc.Market growth can be attributed to the increasing adoption of EMR in hospitals, the rise in the volume of hospitals & urgent care centers, growing hospital admissions, surge in the geriatric population, and technological advancements. Moreover, the integration of telemedicine capabilities into medical carts is expected to boost the market over the forecast period.
An increasing trend of customization in medical carts has been witnessed due to changing user preferences. This factor directly impacts the design of medical carts. Manufacturers are constantly striving to address the different needs of end users in the medical care business as a result of this trend. One of the most prominent design trends is the use of traditional medical carts with customizable options. With this customization, manufacturers can provide customers with options to build medical carts based on their needs while being cost-effective. It can be customized to carry proper equipment for all possible situations. These include cardiac response carts, emergency room carts, crash carts, and surgical support carts. The aforementioned factors are likely to augment market growth.
The growing geriatric population, highly susceptible to chronic diseases, is further expected to drive the demand for comfort medical carts designed to meet the unique needs of elderly patients and enhance their overall comfort and well-being. According to the U.S. Census Bureau 2023 statistics, the number of Americans aged 65 & older is anticipated to surge from 58 million in 2022 to 82 million by 2050, and the 65-and-older age group's share of the total population is expected to rise from 17% to 23%. Patients in these age brackets are vulnerable to multiple chronic conditions and necessitate greater patient safety & care. Several preexisting conditions commonly affect these people. In addition, ED setting contributes to changes in vision and hearing, declines in functional reserve, and cognitive impairment. These issues are resolved using comfort carts, driving the market growth.