Overview and Scope
Custom procedure kits refer to the specially designed custom tray, compiled with supplies required to complete specific procedures. Trays can be specifically designed for each specialty, allowing the general idea to be applied across an entire surgical facility to enhance efficiency and convenience.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the custom procedure kits market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the custom procedure kits market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the custom procedure kits market report are McKesson Corporation, Cardinal Health Inc., Thermo Fisher Scientific Inc., 3M Company, Medtronic PLC, Medline Industries Inc., Owens & Minor Inc., B. Braun Melsungen AG, Alcon Inc, Terumo Cardiovascular Systems Corporation, Teleflex Incorporated, Paul Hartmann AG, Mölnlycke Health Care AB, Smiths Medical International Ltd., Lohmann & Rauscher International GmbH & Co. KG, OneMed Group Oy, Multigate Medical Products Pty Ltd, Pennine Healthcare Limited, Defries Industries Pty Ltd., Priontex SA (Pty) Ltd., Custom Assemblies Inc., ITL Healthcare Pty Ltd, Stradis Healthcare LLC, Unisurge International Limited, Med-Italia Biomedica S.R.L., CPT Medical Inc., STS Medical Group, China Huamei Medical Instrument Co.Ltd., Hubei Zhongbao Protective Products Co. Ltd., Zibo Qichuang Medical Products Co. Ltd.
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 – Macro Economic Scenario
5. Global Custom Procedure Kits Market Size and Growth
….
32. Global Custom Procedure Kits Market Competitive Benchmarking
33. Global Custom Procedure Kits Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Custom Procedure Kits Market
35. Custom Procedure Kits Market Future Outlook and Potential Analysis
36. Appendix
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