The Custom Procedure Kits Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Custom Procedure Kits Global Market Report 2024, The custom procedure kits market size has grown rapidly in recent years. It will grow from $7.31 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increasing demand for minimally invasive procedures, rise of ambulatory surgical centers, growing aging population, cost-effective healthcare solutions, globalization of healthcare.
The custom procedure kits market size is expected to see strong growth in the next few years. It will grow to $11.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to focus on infection control, patient-centric healthcare, increasing emphasis on outpatient care, telemedicine integration, global health crisis preparedness, personalized medicine, integration of biocompatible materials. Major trends in the forecast period include technological innovations, advancements in medical technology, sustainable and eco-friendly solutions, integration of augmented reality (ar) and virtual reality (vr), 3d printing in healthcare, blockchain in supply chain management.
The rise in hospital surgery admissions is expected to propel the growth of the customs procedure kit market going forward. Hospital admissions for surgeries refer to the entrance of patients to treat illnesses or injuries in humans or animals by surgeries. The rise in the number of hospital admissions for surgeries would help advance and develop custom procedure kits, as it reduces the preparation time of medical staff and is safe and reliable. For instance, according to the National Library of Medicine, a US-based medical library operated by the United States federal government, 310 million major surgeries are conducted across the world every year, with about 40 to 50 million taking place in the United States and 20 million in Europe. Within 30 days, 5–15% of patients will be readmitted to the hospital. Every year, there are an additional 400,000 major procedures, which by 2030 may result in 12 million annual fatalities from surgery worldwide. Therefore, the rise in hospital surgery admissions is driving the growth of the custom procedure kit market.
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The custom procedure kits market covered in this report is segmented –
1) By Procedure: Colorectal, Thoracic, Orthopedic, Ophthalmology, Neurosurgery, Cardiac Surgery, Gynecology, General Surgery, Urology, Other Procedures
2) By Product: Disposable, Reusable
3) By End-User: Hospitals, Ambulatory Surgical Centers, Clinics, Other End Users
Product innovation is a key trend gaining popularity in the customs procedure kit market. Major companies operating in the custom procedure kits market are focused on product innovations to sustain their position in the market. For instance, in April 2021, Synertech Ltd., a UK-based medical device company providing surgical solutions, launched the single-use sterile dural repair procedure pack. The kit is ideal for ambulatory surgery centers or hospitals because all the components are in an easy-to-use, single-use, clean procedure pack. The set includes a pair of 7-inch micro needle holders with lock forceps, 7-inch micro scissors for discectomy, and a 6.0-inch polypropylene suture with a round body and a 12-inch needle.
The custom procedure kits market report table of contents includes:
1. Executive Summary
2. Custom Procedure Kits Market Characteristics
3. Custom Procedure Kits Market Trends And Strategies
4.Custom Procedure Kits Market Analysis
5. Custom Procedure Kits Market Size And Growth
6.Custom Procedure Kits Segmentation
7.Custom Procedure Kits Regional And Country Analysis
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27.Custom Procedure Kits Competitive Landscape And Company Profiles
28. Custom Procedure Kits Key Mergers And Acquisitions
29. Custom Procedure Kits Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- McKesson Corporation,
- Cardinal Health Inc.,
- Thermo Fisher Scientific Inc.,
- 3M Company,
- Medtronic PLC.
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