Key insights into the global Medical Devices market

During the forecast period 2023-2033, the global Medical Cart Market is projected to reach an estimated value of ~$6B by 2033 by expanding at a CAGR of ~17%. The market generated sales of around USD 2 billion in 2023. Important key factors driving the global medical cart market growth are the growing geriatric population as well as rising healthcare costs.

Market definition of medical carts

A medical cart is a cart used to transport all medical supplies needed for the operation or treatment of patients. It features cabinets with drawers and trays used in a variety of procedures including therapeutic, medical, and surgical modalities. These carts are widely used in hospitals, clinics and other facilities to store medicines, consumables, tools and medical equipment. Through easy treatment plans and medication management, these carts help healthcare workers save important time and effort spent on tedious recording of patient data and repetitive rounds of prescribing medication.

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Global Medical Devices Market: Growth Drivers

The growth of the global medical cart market is mainly attributed to the increase in hospital admissions or visits due to illness, injury and infection. For example, the World Health Organization (WHO) fact sheet for 2018 states that around 37.3 million falls require medical attention each year, while an estimated 646,000 people die from falls each year worldwide. Furthermore, the market trend is expected to be driven by rising healthcare costs and well-developed facilities during the projection period. Additionally, an increase in musculoskeletal injuries and surgeries is forecast to accelerate the market expansion. It is estimated that around 1.71 billion people worldwide suffer from musculoskeletal problems. In addition, the market…