Market Analysis: Instrument Storage, Transport Markets Up
Surgical instruments must remain sterile as they are moved from central sterile processing to the operating room. Trays and carts are among the tools used to maintain the cleanliness of instruments as they are delivered to the operating room. Moving used instruments to an area to be cleaned as soon as possible after a procedure is another factor all health care facilities consider when it comes to how they transport these tools.
The surgical instrument transport device market and the surgical instrument storage market are both expected to experience continued growth with the surgical equipment market. Increases in the number of minimally invasive procedures as well as an aging population are powering growth.
The global surgical equipment market, which impacts the surgical instrument transport device market, is expected to grow at a CAGR (Compound Annual Growth Rate) of 4.2 percent from 2016 to 2019. The global surgical equipment market is expected to grow to $11.28 billion by 2019, according to a research report released by Transparency Market Research.
The growth in the global surgical equipment market will help fuel continued growth in the surgical instrument transport and storage markets. More advanced surgical tools often require specialized trays and other devices to maintain sterile instruments. This need for specialization, common for robotic surgical instruments, is a growing segment of the market.
“The key driver for the global surgical equipment market is an increase in demand for sophisticated surgical tools that help perform minimally invasive surgeries,” according to a news release from Business Wire. “The report says that this demand has increased due to a growing number of accidents – road and other accidents – that require quick surgical assistance. Another factor is an increasing geriatric population, which requires a high level of medical and surgical attention.”
Medical carts and cabinets play an important role in the health care industry. They provide safe storage and transport options for a variety of medical equipment and supplies, including imaging equipment, surgical instruments, medications and more.
The medical carts and cabinets market is a part of the larger medical furniture market and is expected to experience continued growth in the coming years.
“The Global Medical Furniture Market is mainly driven by population aging. This market was valued at $2.1 billion in 2016 and is expected to reach $3 billion by 2018, at a CAGR of 7.2 percent. The medical furniture market is the largest segment of $2.1 billion home health care market,” according to MicroMarket Monitor.