Global Custom Procedure Kits Market, By Type (Disposable Procedure Kits, Reusable Procedure Kits), Application (Hospital, Emergency Center, Other) – Industry Trends and Forecast to 2029.
Custom Procedure Kits Market Analysis and Size
The aged population triggers the rising need for procedure kits since they are more likely to contract various illnesses and infections that call for surgery. According to published data by Mölnlycke Health Care, custom procedure kits in European hospitals reduced operating room time by 40% to 55%, allowing for the completion of more surgical procedures. Using custom procedure kits, approximately 37% more surgeries were completed in French hospitals.
Data Bridge Market Research analyses that the custom procedure kits market which was USD 6,970.97 million in 2021, would rocket up to USD 10143.40 million by 2029, and is expected to undergo a CAGR of 4.80% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Custom Procedure Kits Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Disposable Procedure Kits, Reusable Procedure Kits), Application (Hospital, Emergency Center, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Medline Industries Inc. (U.S.), Teleflex Incorporated (U.S.), Owens & Minor (U.S.), Medtronic (Ireland), Cardinal Health (U.S.), McKesson Corporation (U.S.), Smiths Medical (U.S.), Terumo Cardiovascular Systems Corporation (U.S.), Santex (U.S.), OneMed (Sweden), Mölnlycke Health Care AB (Sweden)
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Market Opportunities
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Market Definition
The custom procedure kits include all the medical equipment required for a certain surgical procedure. It can reduce the time and expense of both minor and big surgical procedures as well as replace a significant number of separately packaged goods. In comparison to the conventional operating room setup, preparation time for surgical procedures can also be cut in half.
Custom Procedure Kits Market Dynamics
Drivers
- Growing worries about aesthetic appearance
Growing worries about aesthetic appearance are probably going to lead to more cosmetic procedures, which will eventually fuel the rise of the global market for custom procedure kits. According to annual plastic surgery procedure data, the United States completed 17.5 million cosmetic procedures in 2017. 1.8 million of these involved routine surgery, while 15.7 million involved minimally invasive surgery.
- Rising number of surgeries
Due to the rising number of hospital admissions for surgeries and other medical emergencies, the hospital sector, which was the largest in 2018, is predicted to dominate the market over the forecast period. The market is expanding due to the rising number of older adults and chronic conditions necessitating more surgeries.
Opportunities
Throughout the forecast period, ambulatory surgery centres (ASCs) are expected to develop at the fastest CAGR of 11.4 percent due to their growing benefits, such as reduced hospital stays. Additionally, several government initiatives to raise awareness of the advantages of surgical procedures, including as early patient mobilisation, a low risk of hospital-acquired infections, and quick recovery, are anticipated to fuel market expansion.
Restraints/Challenges
On the other side, the high price of surgeries will restrains the market's expansion. The market will be challenged by lack of healthcare facilities and qualified workers in developing nations.
This custom procedure kits market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the custom procedure kits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Custom Procedure Kits Market Scope
The custom procedure kits market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Disposable Procedure Kits
- Reusable Procedure Kits
Application
- Hospital
- Emergency Center
- Other
Custom Procedure Kits Market Regional Analysis/Insights
The custom procedure kits market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the custom procedure kits market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the custom procedure kits market due to various initiatives are undertaken by the government to encourage the use of single-use medical supplies to prevent infections.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to increase in the number of advanced well-equipped hospitals and a large number of surgical procedures are projected to boost the market over the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The custom procedure kits market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global custom procedure kits market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the custom procedure kits market. The data is available for historic period 2010-2020.
Competitive Landscape and Custom Procedure Kits Market Share Analysis
The custom procedure kits market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to custom procedure kits market.
Some of the major players operating in the custom procedure kits market are:
- Medline Industries Inc. (U.S.)
- Teleflex Incorporated (U.S.)
- Owens & Minor (U.S.)
- Medtronic (Ireland)
- Cardinal Health (U.S.)
- McKesson Corporation (U.S.)
- Smiths Medical (U.S.)
- Terumo Cardiovascular Systems Corporation (U.S.)
- Santex (U.S.)
- OneMed (Sweden)
- Mölnlycke Health Care AB (Sweden)
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