With the emergence and long-term Impact of COVID-19, Global Custom Procedure Packs Market to reach USD 10.43 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Custom Procedure Packs Market points towards a potential rise to USD 10.43 billion by 2030. Custom procedure packs are pre-assembled sets of medical supplies tailored for specific surgeries or medical procedures. They include surgical instruments, drapes, gauze, syringes, and other disposable items needed for the surgery. These packs streamline surgical preparation, reduce setup time, and enhance efficiency in operating rooms, benefiting both healthcare providers and patients. Customized to meet specific surgical needs, they optimize workflows and help manage costs within healthcare facilities. The global market for custom procedure packs is witnessing significant growth driven by factors such as reduced preparation time, enhanced surgical efficiency, consistency and cost-effectiveness in healthcare facilities.
Also, a significant driver of custom procedure packs market growth is the escalating global prevalence of chronic diseases like cardiovascular diseases, orthopedic conditions, and emergent cases necessitating surgical interventions. For instance, data from the Australian Bureau of Statistics, updated in March 2022, revealed that heart disease affected approximately 4.0% of the Australian population in 2021, accounting for 1.0 million individuals. The prevalence of heart disease increased with age, ranging from 2.3% among those aged 45-54 years to 23.2% among individuals aged 75 years and older.
Additionally, the same source indicated that in 2021, 375.8 thousand individuals (1.5% of the population) in Australia were afflicted with chronic obstructive pulmonary disease (COPD). The substantial burden of chronic illnesses necessitating surgical interventions, coupled with severe road accidents, is anticipated to drive demand for surgeries or prophylactic measures that rely on procedure packs, thereby fueling market growth.
Geographically, the global Custom Procedure Packs market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the robust healthcare infrastructure and a surge in ophthalmological, orthopedic, and general surgeries. Moreover, increased awareness regarding the advantages of utilizing packs and the introduction of new products are expected to further propel market growth in the region.
For instance, data released by the American Society for Metabolic and Bariatric Surgery revealed an estimated 262,893 bariatric surgeries conducted in the U.S. in 2021. Consequently, the escalating number of surgeries has led to heightened adoption and utilization of these packs within the region.
Whereas, Asia Pacific region is expected to grow at the fastest CAGR over the forecast years. The rise in aging population in countries such as India and China necessitate increased medical intervention and surgical assistance are significantly propelling the market demand across the region.
The global Custom Procedure Packs market is highly competitive owing to the presence of several key players such as Cardinal Health (U.S.) Paul Hartmann AG (Germany) Unisurge (U.K.) Mölnlycke Health Care AB (Sweden) Medline Industries, LP (U.S.) PrionTex (South Africa) Kimal Group (U.K.) O&M Halyard (U.S.) B. Braun SE (Germany) Minnesota Mining and Manufacturing Company (3M), and others.
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Key findings of the study suggest:
- Global Custom Procedure Packs Market is anticipated to grow with a healthy growth rate of more than 4.6% over the forecast period 2023-2030.
- In the Product Type segment, Anesthesia Packs emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to robust healthcare infrastructure in the region.
- Asia Pacific is expected to grow at higher rate owing to rising aging population in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Product Type:
- Anesthesia Packs
- Cardiovascular Surgery Packs
- Neurosurgery Packs
- Ophthalmic Surgery Packs
- Orthopedic Surgery Packs
- Other Procedure Packs
By End-user:
- Hospitals
- Clinics
- Ambulatory Surgery Centers
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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