SURGICAL CASE CART MARKET ANALYSIS

The global surgical case cart market was valued at US$ 351.7 Mn in 2022 and is forecast to reach a value of US$ 665.7 Mn by 2030 at a CAGR of 8.30% between 2023 and 2030. The global surgical case cart market is experiencing strong growth due to the increase in number of surgical procedures and growing geriatric population across the world. Moreover, increase in demand for surgical case carts and increase in number of hospitals and clinics worldwide is expected to boost the growth of the market. However, factors such as lack of infrastructure in developing countries and lack of funding by hospital management are expected to hamper the market growth.

Global Surgical Case Cart Market: Regional Insights

Based on geography, the global surgical case cart market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market over the forecast period due to the rise in burden of chronic disease, rising prevalence of musculoskeletal disorders, and increase in number of surgeries in the region. For instance, high burden of chronic disease, such as cardiovascular disease and cancer, leads to an increase in number of surgical procedures. According to the Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death in the United States. More than 697,000 people in the United States died from heart disease in 2020, that's one in every five deaths. Cancer continues to be the second most common cause of death in the U.S., after heart disease.

Europe and Asia Pacific are also expected to witness robust growth in the global surgical case cart market due to the increase in prevalence of chronic disease, increase in number of surgeries, and introduction of novel products in these regions. For instance, with the increase in burden of chronic disease and increase in number of surgical procedures, demand for surgical carts is also increasing rapidly. According to the National Center for Biotechnology Information (September 2020 report), a total of 3646 surgeries were estimated annually to meet the surgical needs of Indian population compared to the global estimate of 5000 surgeries per 100,000 people. C-section, cataract, hernia, and surgeries for fractures are the major contributors to the surgical needs.

Figure 1. Global Surgical Case Cart Market Share (%), by Region, 2023

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Global Surgical Case Cart Market Drivers:

Increasing number of surgeries to augment market growth

One of the key factors expected to augment the growth of the global surgical case cart market over the forecast period is the increase in number of surgical procedures worldwide. For instance, with the increase in number of surgeries worldwide, the demand for surgical case carts is also increasing rapidly. According to the International Society of Aesthetic Plastic Surgery (January 2022 report), around 10,129,528 cosmetic surgeries were performed in 2020, and the top 5 surgical procedures included breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), abdominoplasty (765,248), and rhinoplasty (852,554). 

Growing geriatric population to propel market growth

Another factor which is driving the growth of the global surgical case cart market is the growing geriatric (aging) population across the world. For instance, number of people with musculoskeletal problems is increasing rapidly worldwide due to population growth and aging. Doctors perform musculoskeletal surgeries to treat bones and soft tissues, such as muscles, joints, ligaments, and tendons. According to World Health Organization (WHO), musculoskeletal disorders are amongst the most prevalent diseases worldwide, affecting more than 1.71 billion people worldwide. These conditions are the leading contributor to disability worldwide.

Global Surgical Case Cart Market Opportunities:

Increase in adoption of surgical case carts across the globe is expected to offer significant growth opportunities for players in the global surgical case cart market. For instance, with the increase in number of surgical procedures and increasing healthcare expenditure, the demand for surgical case carts is also increasing with the rapid pace. In July 2020, Smith+Nephew announced the launch of the Real Intelligence, as well as its new-generation handheld robotics platform, the CORI Surgical System. CORI is available for unicompartmental knee arthroplasty and total knee arthroplasty, and its portability and size are suitable for ambulatory and outpatient surgery centers.

Increase in number of hospitals and clinics worldwide or rise in healthcare expenditure is expected to offer significant growth opportunities for players in the surgical case cart market. For instance, as per the American Hospital Association (AHA), the number of active hospitals in the United States increased from 5,534 in 2016 to 6,093 in 2020. Moreover, in March 2021, the Government of Ontario, Canada planned to invest around US$ 41.8 million in a new Grey Bruce Health Services Markdale Hospital for expansion and other activities like the purchase of 100 instruments, which is expected to have a positive impact on the growth of the market.

Global Surgical Case Cart Market Trends:

Investments in healthcare is a recent trend

Investments in healthcare sectors have increased worldwide in the last few years. For instance, the National Instituted of Health spends millions on research for different disease areas. Furthermore, the people in the developed countries also spend a significant part of their revenues on maintaining their health. Thus, the high per capita expenditure on healthcare will lead to increased adoption of healthcare in hospitals and clinics worldwide. The market is expected to grow with the rapid pace. This trend is expected to continue during the forecast period.

Rise in adoption of close case carts is another trend

Close case carts are those carts that have inbuilt doors for better handling and security. They are often used store various contents used during a surgical procedure. The cart provides an additional layer of protection to the contents stored in the cart and minimizes the possibility of reuse of used or non-sterilized instruments or equipment as the doors may also be closed. These carts are also used to transport used or contaminated contents for sterilization or to dispose of them. This trend is expected to continue over the forecast period.

Global Surgical Case Cart Market Restraints:

Lack of infrastructure to hamper the market growth

One of the key factors expected to hamper the growth of the global surgical case cart market is the lack of infrastructure in developing countries. Surgical carts are designed to improve the efficiency of support team of medical professionals in a hospital or ambulatory surgical centres. But the lack of infrastructure in developing countries leads to decreased adoption of these carts due to the less number of hospitals and less number of surgical rooms in developing countries. However, with the increase in healthcare investment, healthcare infrastructure is also being developed in developing countries. This in turn is expected to propel the market growth.

Lack of funding to hinder market growth

Another factor which is hampering the growth of the surgical case cart market is the lack of funding by hospital management for procurement of secondary tools needed by the hospital professionals. The rate of adoption of surgical case carts is low due to lack of funding by hospital management. Medical spending is growing rapidly worldwide. Such a rise in medical spending and the increase in services of surgeries by the hospitals, which is expected to increase in the adoption of surgical case carts, driving the growth of the market.

Figure 2. Global Surgical Case Cart Market Share (%), by Type, 2023

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Global Surgical Case Cart Market Segmentation:

The global surgical case cart market report is segmented into Type, End User, and Geography.

Based on Type, the market is segmented into Open Case Cart and Close Case Cart. Out of which, Open Case Cart Segment is expected to dominate the surgical case cart market over the forecast period and this is attributed to the increase in adoption of open case carts. Open case cart is used to transport surgical instruments as these type of cart offers easy accessibility to the content on the cart as compared to close case surgical carts.

Based on End User, the market is segmented into Hospitals and Clinics, Ambulatory Surgical Centres, and Others. Out of which, Hospitals and Clinics Segment is expected to dominate the market during the forecast period and this is attributed to the increase in number of hospitals and clinics and rising healthcare expenditure.

Ambulatory Surgical Centres Segment is also expected to witness significant growth in the near future and this is owing to the increase in number of surgeries worldwide.

Global Surgical Case Cart Market: Key Developments

In April 2022, Jupiter Lifeline Hospitals, Mumbai (India) planned to set up a Neuro Rehabilitation centre with 100 inpatient beds in U.K. The rehabilitation centre will benefit the patients of stroke, traumatic brain injury, spinal cord injury, cerebral palsy, sports injuries, Parkinson’s disease, and progressive & non progressive neurological disorders.

In April 2021, Dr. J. Joseph Hewett announces the opening of Orange County Surgical Center for outpatient vascular care, offering the most comprehensive outpatient vascular surgical services in Orange County, and representing a transformative vision for the future of ambulatory surgery.

In July 2020, Stryker Corp. launched ambulatory surgery centre-focused business. With thousands of unique products spanning more than 20 procedural specialties, and a range of flexible financial options, Stryker is ready to meet the complex needs of ASCs (ambulatory surgery centres) while continuing to add value to the healthcare.

In February 2020, Ergotron, Inc. and Ingram Micro China Ltd. partnered to donate medical carts to aid in the COVID-19 outbreak. These carts were provided to Huoshenshan and Leishenshan hospitals' emergency facilities.

Global Surgical Case Cart Market: Key Companies Insights

The global surgical case cart market is highly competitive. This is attributed to the rise in adoption of surgical case carts around the world, as a result, players in the market are focusing on launching novel products in the market to meet increasing demand.

Some of the key players in the global surgical case cart market are Pedigo Products, MAC Medical, Inc., Capsa Healthcare, STERIS plc, Bailida Medical, Lakeside Manufacturing, Inc., Future Health Concepts, and InterMetro Industries Corporation, among others.

*Definition: Surgical case carts are mobile units used to store and transport medical equipment or medical supplies used in operating rooms in hospitals and surgery centers. They are designed to improve the efficiency of surgical team. Surgical carts are available in two type, such as open surgical case cart and close surgical case cart.