Market Challenges And Opportunities

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.

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 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.