Surgical Case Carts Market
Number of pages: 100 | Report Format: PDF | Published date: April 19, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 351.89 million |
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Market Size Value in 2031 |
US$ 694.69 million |
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CAGR |
7.89% |
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Base Year For Estimation |
2022 |
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Forecast Period |
2023 to 2031 |
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Historical Year |
2021 |
|
Segments Covered |
Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global surgical case carts market was valued at US$ 351.89 million in 2022 and is expected to register a revenue CAGR of 7.89% to reach US$ 694.69 million by 2031.
Surgical Case Carts Market Fundamentals
Surgical case carts are specialized mobile carts or trolleys used in healthcare settings, particularly in hospitals, to store and transport surgical instruments, equipment, and supplies needed for surgical procedures. They are also known as “surgical instrument carts” or “surgical supply carts.” Surgical case carts are typically designed to be durable, sterile, and organized, allowing surgical teams to easily access and transport the necessary items for surgery. The surgical case carts have witnessed several trends shaping the market dynamics. Key players in the surgical case carts market include manufacturers, distributors, and suppliers of surgical carts. These players often collaborate to develop innovative products and solutions that meet the specific needs of surgical teams and improve patient outcomes. The market is highly competitive, with companies constantly striving to introduce new technologies and designs to stay ahead.
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Surgical Case Carts Market Dynamics
The increasing number of surgeries and rising healthcare expenditure drives the global surgical case carts market revenue share. A significant impact on the growth of the surgical case carts market is anticipated during the study’s forecast period due to the rising prevalence and burden of chronic diseases worldwide, driving the demand for effective and cutting-edge treatment services involving surgical procedures. As a result, more surgical procedures are being performed globally and are predicted to increase even more shortly. For instance, according to data from the Organization for Economic Co-operation and Development updated in August 2022, there were 94.9 thousand procedures conducted in 2021 in Portugal, 49.3 thousand in Ireland, 32.9 thousand in Denmark, and 21.5 thousand in Norway, among the other European nations. Minimally invasive surgical procedures, such as laparoscopy and robotic surgery, are becoming increasingly popular due to their benefits of reduced patient trauma, shorter hospital stays, and faster recovery times. These procedures require specialized instruments and equipment that must be organized and readily available during surgery. This drives the demand for surgical case carts to accommodate and transport these specialized tools safely and efficiently. The global population is aging, increasing the demand for surgical procedures, including orthopedic surgeries, cardiovascular surgeries, and general surgeries. This growing demand for surgeries is expected to drive the demand for surgical case carts as they play a crucial role in facilitating smooth surgical workflows and ensuring efficient instrument management. 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, people in developed countries also spend significantly 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 global surgical case carts market revenue is therefore expected to grow rapidly.
However, many factors are hindering the revenue growth of the global surgical case carts market. The absence of infrastructure in developing nations is one of the major factors expected to restrain the revenue growth of the global surgical case carts market. In a hospital or ambulatory surgical center, surgical carts are intended to increase the effectiveness of the support staff of medical personnel. Nonetheless, because there are fewer hospitals and operating rooms there, the use of these carts is reduced in underdeveloped nations due to a lack of infrastructure. The lack of funds by hospital management to acquire auxiliary instruments required by hospital staff is another factor impeding the revenue growth of the surgical case cart industry. Due to a shortage of hospital funding, the adoption rate of surgical case carts is low.
Surgical Case Carts Market Ecosystem
The global surgical case carts market is analyzed from three perspectives: type, end user, and region.
Surgical Case Carts Market by Type
[1023]
Based on the type, the global surgical case carts market is segmented into open-case carts and closed case carts.
The closed case carts segment is expected to record a high revenue CAGR in the global surgical case carts market. Surgical carts with built-in doors for easier handling and security are called close-case carts. The close-case carts are typically used to move contaminated or used contents out of the operating room so they can be sterilized or thrown away. They are also frequently used to safely store the numerous items utilized in surgical procedures. The closed case cart system increases the security of the items kept inside and decreases the likelihood that used or non-sterile equipment or devices would be used again because the doors can be shut. Over the forecast period, demand for the closed surgical case cart is anticipated to increase as cases of infectious diseases and other surgical operations rise. For instance, according to the International Society of Aesthetic Plastic Surgery report published in January 2022, the top 5 aesthetic surgical procedures performed globally in 2020 were breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), rhinoplasty (852,554), and abdominoplasty (765,248). The adoption of closed case carts is expected to boost the high volume of cosmetic surgical operations, further fueling the segment’s revenue growth.
Surgical Case Carts Market by End User
Based on the end user, the global surgical case carts market is segmented into hospitals, clinics, ambulatory surgical centers, and others.
The hospitals and clinics segment has the largest global surgical case carts market revenue share. This is because of the rise in the number of hospitals and clinics and the cost of healthcare. The ambulatory surgical center’s segment is projected to record a high revenue CAGR during the forecast period, attributed to the increase in the number of surgeries performed globally.
Surgical Case Carts Market by Region
Based on region, the global surgical case carts market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest global surgical case carts market revenue share. The significant revenue growth is brought on by variables, including the rise in surgeries to treat various chronic ailments and the rising cost of creating new and inventive medical items. Some factors propelling the revenue growth of the surgical case carts market in the United States include significant product launches, a high concentration of market players or manufacturer’s presence, acquisitions & partnerships among major players, and an increase in the number of surgeries performed there. For instance, according to data from the Centers for Disease Control and Prevention (CDC) updated in July 2022, coronary heart disease is the most prevalent form of the condition, affecting around 20.1 million persons in the country who are 20 years of age or older. Also, according to CDC statistics, an individual in the United States has a heart attack every 40 seconds, and there are roughly 805,000 heart attacks there each year. Because of the increased prevalence of cardiovascular disorders, there will likely be a large demand for heart operations, increasing the need for surgical case carts at healthcare facilities.
During the forecast period, the Asia Pacific region is expected to record a high revenue CAGR in the global surgical case carts market. The region is expecting significant revenue growth in the market, with increasing investments in healthcare infrastructure, rising healthcare expenditure, and a growing population with increasing healthcare needs. These factors are driving the demand for surgical case carts in the region. One of the key drivers for the surgical case carts market in the Asia Pacific region is the increasing number of surgeries being performed, driven by factors such as the growing burden of chronic diseases, an aging population, and increasing awareness about healthcare services. As surgical procedures become more complex, the need for organized and efficient storage and transportation of surgical instruments and supplies becomes critical, leading to increased demand for surgical case carts. In addition, advancements in healthcare technology and increased adoption of minimally invasive surgeries (MIS) in Asia have also impacted the surgical case carts market.
Surgical Case Carts Market Competitive Landscape
The prominent players operating in the global surgical case carts market are:
Surgical Case Carts Market Strategic Developments
The expected size of the global surgical case carts market in 2031 is US$ 694.69 million.
The revenue CAGR for the surgical case carts market is expected to be 7.89% during the forecast period.
Stryker Corporation, Pedigo Products, STERIS plc, Capsa Healthcare, and Lakeside Manufacturing, Inc. are some of the key players operating in the surgical case carts market.
The Asia Pacific region is expected to grow at high revenue CAGR in the global surgical case carts market.
Surgeons and healthcare facilities have unique requirements for surgical instruments, implants, and other supplies for specific procedures. As a result, there is a growing need for customized surgical case carts that are tailored to the specific needs of each surgical team or facility. This presents a challenge for manufacturers and suppliers to provide convenient and cost-effective customization options while maintaining efficiency in the production process.
*Insights on financial performance are subject to the availability of information in the public domain