Holo Industries LLC Launched the Ground-Breaking HoloMed Series of Holographic Inlays for Medical Carts
In July 2022, to protect patients and hospital staff, Holo Industries LLC introduced the revolutionary HoloMed line of holographic inserts for medical carts, patient monitors, and other products. These inserts virtually eliminate surface contact and touchpoints, which lowers the risk of HAI transmission.
Growing Government Spending on Healthcare Sector to Accelerate Market Growth
Governments all across the world have boosted their monetary spending on the healthcare industry as a result of seeing the devastating effects of COVID-19 and the effectiveness of good medical care in averting lives. The funding increase will be used to strengthen established pharmaceutical firms and expand the healthcare infrastructure. The increased financing will result in enhanced product advancements and medical cart customization. The global market for medical carts will see profitable potential thanks to this rise in public spending and private investment. Furthermore, key firms have spent money on research and development of better cart systems in response to the rising demand for emergency medical carts. The field of medical carts has evolved thanks to private research and development, creating favourable growth prospects going forward. Government rules that mandate 24/7 patient care for everyone and improve healthcare infrastructure will also create profitable opportunities for market participants.
Lack of Skilled Professionals to Impede Growth
Untrained medical staff operating medical carts run the danger of making mistakes in patient data entry, misdiagnosis, and medication/treatment selection. Poor patient care can have fatal repercussions and make the patient uncomfortable. The healthcare specialists who are required to operate specialised medical carts and their features do not exist in the emerging and underdeveloped economies. The development of the global medical carts market may be hampered by a shortage of qualified personnel to run automated and digital medical carts.
Major Players Develop Acquisition Plans to Boost Brand Image
The leading businesses in the medical carts market plan acquisitions to improve their brand recognition globally. For instance, in August 2022, to reflect a consistent line of developing medical cart solutions, Tryten Technologies developed a website and rebranded its goods. The Tryten X series now also includes carts for AV displays and portable workstations.
- In February 2020, during the COVID-19 pandemic, Ergotron collaborated with Ingram Micro Partner to deliver medical carts to two hospitals in Wuhan, China. StyleView mobile carts from the company were shipped from its locations to Wuhan, where they were put to use for telemedicine and as a tool for processing electronic medical information.
- Ergotron, Inc.
- ITD GmbH
- Capsa Healthcare
- Enovate Medical
- Touch Point Medical
- JACO Inc.
- Advantech Co., Ltd
- Harloff Manufacturing Co.
- Medline Industries Inc.
- Armstrong Medical Inc.
- McKesson Medical-Surgical Inc.
- Omni cell Inc.
- Altus Health Systems
- Compu Caddy
- GCX Corporation
- Parity Medical
- Her go Ergonomic Support Systems, Inc.
- Performance Health (formerly Patterson Medical)
- Market Lab, Inc.
- The market in North America is expected to gain a huge portion of the global Medical carts market share in the coming years due to the hospital's use of electronic medical records, the rise in musculoskeletal injuries, and procedures.
- The market is expanding in North America due in large part to the expanding technical improvements.
- In the Asia Pacific, the growth in this region is primarily driven by growing rates of musculoskeletal injury in the area and improving healthcare facilities.
|Market Size in 2022||USD 1.5 Billion|
|Market Forecast in 2030||USD 3.5 Billion|
|Compound Annual Growth Rate||12.80 %|
|Unit||Revenue (USD Million) and Volume (Kilo Tons)|
|Segmentation||By Type, By Product, By End Use, and By Geography|