Market Trends of Global Surgical Case Carts Industry
The Ambulatory Surgical Centers Segment is Expected to Witness Growth During the Forecast Period
Ambulatory surgical centers (ASCs) are modern medical facilities that provide same-day surgical care, including diagnostic and preventive procedures. They are also known as outpatient surgical centers, where procedures do not require hospital admissions. Owing to the rising demand for ASC services in various countries, the ambulatory surgical centers (ASCs) segment is expected to grow significantly during the forecast period.
In addition, ASCs have been a popular alternative to inpatient hospital settings because of their flexible scheduling options, calmer and more pleasant surroundings, and a growing number of emergency cases, which are expected to fuel growth in the ambulatory surgical center segment.
Additionally, the increasing development of new surgical centers raises the demand for surgical case carts, which is anticipated to fuel the segment growth over the forecast period. For instance, in May 2024, Panoramic Health opened a new 10,000-square-foot, five-operating-room Ambulatory Surgery Center (ASC) in Florida in partnership with Florida Kidney Physicians (FKP). This new ASC needs proper surgical case carts to smooth workflow, and hence, the latest establishment of the new ASCs is expected to boost the segment's growth during the forecast period.
Furthermore, the growing focus of the companies on adopting key strategies, such as agreements, acquisitions, and collaboration, is expected to fuel the development of surgical case carts in the market, contributing to the segment's growth. For instance, in June 2022, United Surgical Partners International (USPI) and United Urology Group (UUG) signed a definitive agreement to form a joint venture partnership in 22 outpatient surgical centers (ASCs). As per the terms of the agreement, USPI partially acquires new and well-established facilities owned by UUG in Maryland, Colorado, and Arizona. These establishments increase the need for surgical case carts across healthcare facilities, which is likely to drive the segment's growth.
Therefore, with the growing number of ambulatory surgical centers and company strategies, the demand for surgical case carts is expected to increase, which is anticipated to surge growth in the ambulatory surgical center segment during the forecast period.
North America is Expected to Have a Significant Market Share During the Forecast Period
North America is expected to witness significant growth in the surgical case carts market during the forecast period. The factors contributing to the market's growth are the increasing number of surgeries owing to various chronic conditions and growing expenditures on developing new and innovative products as healthcare expenditures increase in the region.
The rising number of cancer cases in the region is expected to increase the demand for cancer surgeries, which is anticipated to fuel the demand for surgical case carts during the forecast period. For instance, according to the 2024 statistics published by the American Cancer Society, about 2 million new cancer cases are expected to be diagnosed in the United States in 2024, compared to 1.95 million cancer cases reported in 2023. Similarly, as per the statistics published by the Canadian Cancer Society, in November 2022, about 233,900 people were diagnosed with cancer in Canada in 2022. Hence, the increasing burden of cancer increases the need for surgeries using surgical case carts, thereby boosting the market's growth during the study period.
Furthermore, the government is focusing on increasing healthcare and hospital investments to ensure accessible, public, and high-quality healthcare, which is expected to propel the market's growth during the forecast period. For instance, in March 2022, the federal government introduced Bill C-17 in the House of Commons, which provided USD 2 billion in additional healthcare funding to clear 700,000 surgeries and other medical procedures delayed by the COVID-19 pandemic and support hundreds of thousands of further surgeries. Thus, the increase in surgeries is expected to create demand for surgical case carts used for assistance and ease during procedures, hence anticipated to augment the market's growth during the forecast period.
Moreover, in April 2022, the Jalisco government, Mexico, planned to invest more than USD 301.5 million in healthcare infrastructure over the next three years to build new hospitals and healthcare centers and upgrade existing ones. The 'Mexican Social Security Institute (IMSS)' also planned to invest USD 677.2 million to create 111 new hospitals by 2024. Thus, the rising investments in healthcare infrastructure provide a new opportunity for establishing surgical case carts in hospital and clinic settings, bolstering the market's growth across the region.
Therefore, the studied market is expected to grow during the forecast period due to the rising number of cancer cases requiring surgical interventions and the growing government focus on increasing healthcare and hospital infrastructure.
