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The North America Medical Carts Market is estimated to be valued at US$ 1,244 Mn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Medical carts are small movable platforms or trolleys used for storing and transporting medical supplies, equipment, and patient records within hospital or clinical environments. These carts are often equipped with storage drawers, shelves, power outlets and computer monitors to enable healthcare providers to access patient health records and other essential equipment and supplies at the point of care. The rising adoption of telemedicine is driving the demand for specialized medical carts equipped with integrated computers, audio/video equipment and medical devices that enable remote diagnosis and consultations.
Market key trends:
One of the key trends in the North America medical carts market is the growing demand for touchscreen-enabled mobile computers and tablets integrated into cart design. This allows healthcare providers to access electronic health records (EHR), diagnostic images and test results from the carts. The touchscreen interface combined with wireless connectivity enhances workflow efficiency. Another trend is the development of telemedicine carts designed for video consultations between physicians, patients and care teams located at different sites. These carts integrate high-resolution cameras, microphones and large touchscreen displays to enable virtual patient visits and remote monitoring.
Read more @ https://www.coherentmarketinsights.com/market-insight/north-america-medical-carts-market-3659
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as the medical carts market requires high initial investments and regulatory compliances.
Bargaining power of buyers: The bargaining power of buyers is high as medical carts are undifferentiated products and buyers can switch between suppliers easily.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials used to manufacture medical carts.
Threat of new substitutes: The threat of new substitutes is low as there are limited product substitutes for medical carts that offer similar features.
Competitive rivalry: High due to presence of numerous established players.
Key Takeaways
The North America medical carts market is expected to witness high growth, exhibiting 13% CAGR over the forecast period, due to increasing focus on patient safety and rising healthcare expenditure.
Regional analysis
The U.S. dominates the North America medical carts market and is projected to maintain its leading position during the forecast period. This is attributed to growing geriatric population, rising prevalence of chronic diseases, and increasing number of hospitals.
Key players
Key players operating in the North America medical carts market are 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.
