The U.S. medical carts market size was valued at USD 662.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2021 to 2028. Increasing incidence of Musculoskeletal Injuries (MSI) among caregivers, growing demand for mobile computer carts in the critical surgical procedures, rapid increase in the volume of hospitals and urgent care centers, and growing admissions, and increase in adoption of the electronic medical records in hospitals are few factors driving the U.S medical carts market growth.
MSI is an injury or disorder of tendons, muscles, ligaments, nerves, joints, blood vessels, or soft tissue including a strain, sprain, & inflammation. It is the major cause of injury among workers in healthcare facilities. Inappropriate patient handling is responsible for MSIs among caregivers. The increasing prevalence of MSI is a key factor driving the market. For instance, according to WHO, about 1.71 billion people have musculoskeletal conditions globally. In addition, as per data published by the United States Bone and Joint Initiative; more than 124 million U.S. citizens over 18 years of age reported a musculoskeletal medical condition in 2015. Furthermore, 1 in 4 adults has doctor-diagnosed arthritis; by 2040, an estimated 78 million U.S. citizens are expected to have doctor-diagnosed arthritis.
Key Player Mentioned:
· Medline Industries, Inc.
· Ergotron, Inc.
· The Harloff Company
· Waterloo Healthcare (Bergmann Group)
· AFC Industries, Inc.
· Capsa Healthcare
· Enovate Medical
· Jaco, Inc.
· Altus, Inc.
· Armstrong Medical, Inc.
· TouchPoint Medical
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Type Segment Analysis:
· Anesthesia Carts
· Emergency Carts
· Procedure Carts
· Others
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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Growing investments in healthcare by the government and private sector and the presence of key market players in the U.S. are key factors boosting the adoption of EMRs in hospitals. According to statistics published in CMS.gov, the U.S. healthcare expenditure increased by 4.6% in 2019, reaching USD 3.8 trillion per person, which accounted for a 17.7% share of the nation’s GDP. An increase in awareness among healthcare professionals and the adoption of patient engagement solutions in this country are key propellants for the medical carts market.
Growing geriatric populations highly susceptible to chronic diseases are also expected to drive the market growth. As per World Population Prospects: The 2019 Revision published by the UN, the number of older people aged 65 years or above is expected to more than double by 2050 globally, increasing from 703 million in 2019 to 1.5 billion in 2050. Similarly, according to the U.S. Census Bureau, 2017 National Population Projections, by 2060, nearly 1 in 4 U.S. citizens is likely to be an older adult. The growing geriatric population and its associated burden of chronic conditions are propelling hospital admission rates. Under such conditions, medical carts can significantly improve the quality of service.
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