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Custom Procedure Packs Market (By Use: Single Use, Reusable; By Product: Cardiovascular Surgery Packs, Cosmetic Surgery Packs, General Surgery Packs, Orthopedic Surgery Packs, Others; By End Use: Hospitals, Clinics, Ambulatory Surgical Centers, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

  • Category : Healthcare and Pharmaceuticals
  • Pages : 190 Pages
  • Format: PDF
  • Status : Published

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The market for custom procedure packs is expected to grow at a CAGR of around 4.4% from 2020 to 2027 and expected to reach the market value of around US$ 15.1 Bn by 2027.

Custom Procedure Packs are a specific set of disposable medical products that are provided in a single packed sterile tray format to the hospitals or surgeons. These are delivered on a just-in-time basis for use in operating theatres only and enable the user to conduct a complete theatre-based surgical procedure. The benefits of using custom procedure pack include reduction in emergency surgery response times, reduction of lay-up times for procedures, the release of expensive nursing time for other activities, reduced ordering and administration costs, reduction of clinical waste in the theatre, more time for direct patient care, complete traceability of all CE marked components used, access to a wide range of drape manufacturers, and eradication of errors in setting up.

Market Dynamics

The rising global prevalence of chronic cardiovascular indications, accident and emergency cases demanding the surgical procedures are accelerating the demand for custom procedure packs in the global market. The increasing geriatric population coupled with the increasing number of patients with chronic diseases is supporting the market value. The increasing demand for single-use custom procedure packs due to associated benefits is further bolstering the market value. The development of advanced healthcare infrastructure in developing economies is additionally boosting the market value.

On the other side, the availability of faulty advanced devices in the procedure packs that provide incorrect results sometimes are likely to hinder the growth over the forecast period from 2020 to 2027.

Single Use segment is leading the global custom procedure packs market

By use, the single-use segment is having potential share (%) in the global custom procedure packs market. The segment is gaining space on account of the increasing demand for disposables in the healthcare sector due to associated benefits such as low maintenance, sterilized, and custom made supporting the segmental market value. The safety concerns increase the demand for single-use custom procedure packs to avoid the infections and risk of cross-contamination as well as unnecessary stocking of devices in the hospitals.

North America accounted for the maximum revenue share in the global market

In 2019, North America accounted for the maximum revenue share in the global market and projected to maintain its dominance over the estimated timeframe from 2020 to 2027. The advanced healthcare infrastructure, increasing geriatric population, and changing lifestyle are some of the major factors driving the regional market value. The US and Canada are major contributors to the regional market value. Moreover, Asia Pacific is anticipated to experience the fastest growth with major CAGR (%) over the estimated period from 2020 to 2027. The rapidly expanding healthcare facilities and investment by major manufacturers and government for the development of advanced healthcare infrastructure is further supporting the regional market value. The increasing demand from major developing economies like China and India is propelling the regional market value. 

The players profiled in the report include 3M, B. Braun Melsungen AG, Cardinal Health Inc, Medline Industries, Inc, Molnlycke Health Care AB, Owens & Minor Inc, Pennine Healthcare, PrionTex, Thermo Fisher Scientific Inc, and Unisurge International Ltd. The major custom procedure packs players were involved in strategic developments for escalating the profit share in regional as well as global market. The major investments were announced for the technological advancements associated with the changing consumer demand for custom procedure packs.

Market Segmentation

Market By Use

Single Use

Reusable

Market By Product

Cardiovascular Surgery Packs

Cosmetic Surgery Packs

General Surgery Packs

Orthopedic Surgery Packs

Others

Market By End Use

Hospitals

Clinics

Ambulatory Surgical Centers

Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa