Custom Procedure Packs Market (Product: Cardiovascular Surgery Packs, Orthopedic Surgery Packs, Neurosurgery Packs, Ophthalmology Surgery Packs, Gynecology Surgery Packs, General Surgery Packs, and Others)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Custom Procedure Packs market size was valued at USD 12.65 billion in 2021 and is predicted to hit USD 20.6 billion by 2030 with a registered CAGR of 4.30% during the forecast period 2022 to 2030.

Custom procedure pack delivers a specific set of medical products in a single sterile tray to hospitals or surgeons in order to perform a specific surgery. The custom procedure packs concept offers sterile packages that can be assembled according to the requirement of end-users. These packs help in performing a surgery smoothly. Studies have shown that usage of custom procedure trays reduces the time taken to prepare for a procedure. The global custom procedure packs market size is expected to grow at a moderate pace during the forecast period.

Report Scope of the Custom Procedure Packs Market

Rise in Number of Surgical Procedures Across Globe

The volume of surgical procedures has increased significantly across the globe, especially in the last few years. Development of new surgical procedures and devices has fueled the number of surgical procedures. Furthermore, the usage of surgical services, such as Medicare benefits, is particularly helpful for patients in deciding whether to opt for surgeries or not.

According to a study report published by the British Journal of Surgery, the number of surgeries in Sweden exceeded 17,480 per 10,000 person?years in 2018, and the rate of surgery increased every year by 5.2%. Additionally, according to the annual plastic surgery procedural statistics, 17.5 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2017, an increase of 2% over that in 2016. Thus, rise in number of surgical procedures, including cosmetic surgery, is expected to drive the demand for custom procedure packs for performing surgeries in a more convenient, cost-effective, and time saving manner.

Increase in Launch of Innovative Tools for Customer Support

The global custom procedure packs market is fragmented; hence, existing players are adopting innovative strategies to attract new customers and provide valuable support to customers. For instance, in May 2016, Disposable Medical Instruments Ltd. launched a new website for product updates. The site offers visitors the latest information about products, and features additional functionality available to account-holding clients, whereby they can log into their account and add items in order to generate a quotation request for DMI to provide a custom procedure pack according to their precise requirement. These innovative strategies are engaging several clients. In turn, this is expected to augment the global custom procedure packs market.

Surge in Awareness About Single Use Custom Procedure Packs in Developing Countries

In terms of use, the global custom procedure packs market has been bifurcated into single use and reusable. In terms of revenue, the single use segment dominated the global custom procedure packs market in 2021. Wide usage of disposable or single use custom surgical packs in developed countries such as the U.S., Germany, the U.K., and Japan for surgical procedures is expected to drive the segment in the near future. Additionally, surge in awareness about these convenient packs in developing countries is likely to propel the segment during the forecast period.

Favorable Medical Reimbursement Policies Augmenting Hospitals Segment

Based on end-user, the hospitals segment accounted for more than 49% share of the global custom procedure packs market in 2021. The segment is anticipated to grow at a rapid pace in the near future. Increase in number of hospitals in developing regions is likely to propel the segment during the forecast period. Rise in trend of using medical reimbursement policies in hospitals in countries such as India and China is also projected to boost the hospitals segment during the forecast period. According to the National Health and Family Planning Commission of China, government subsidies to public hospitals have increased by 16.6% annually since 2010. Increase in subsidies in public hospitals have prompted patients to undergo treatment in hospitals. This is boosting the demand for custom procedure packs.

Regional Outlook of Global Custom Procedure Packs Market

North America held significant global custom procedure packs market share in 2021. Robust healthcare infrastructure and rise in number of surgeries are propelling the custom procedure packs market in the region. In terms of revenue, the market in Europe is projected to grow at a rapid pace during the forecast period owing to the rise in number of surgeries among the significantly large geriatric population in the region.

Rise in number of hospitals, increase in accidental cases, and growth in awareness about the benefits of custom procedure packs in surgeries in countries such as Saudi Arabia and Qatar; and surge in government investment in the healthcare system in countries such as Colombia, Mexico, and South Africa are likely to augment the market in Latin America and Middle East & Africa in the next few years.

Key Development in Global Custom Procedure Packs Market

• In 2021, PrionTex, a leading manufacturer of custom procedure packs in South Africa, signed a partnership agreement with the Operation Healing Hands community to supply surgical procedure packs
• In November 2018, Pennine Healthcare, the custom procedure packs business division of Unisurge, participated in MEDICA 2018 in Düsseldorf. MEDICA is the world’s largest medical trade fair, where the company showcased its entire range of custom procedure packs.

 Some of the prominent players in the Custom Procedure Packs Market include:

• PrionTex
• Thermo Fisher Scientific, Inc.
• 3M Company
• Unisurge
• Medline Industries, Inc.
• Molnlycke Health Care AB
• Cardinal Heathcare
• B. Braun Melsungen AG
• Owens & Minor, Inc.
• Stradis Healthcare

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Custom Procedure Packs market

• Use
• Single Use
• Reusable
• Product
• Cardiovascular Surgery Packs
• Orthopedic Surgery Packs
• Neuro Surgery Packs
• Ophthalmology Surgery Packs
• Gynecology Surgery Packs
• General Surgery Packs
• Others (cosmetic surgery packs, urology surgery packs, etc.)
• End-user
• Hospitals
• Ambulatory Surgical Centers
• Others

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

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

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Custom Procedure Packs industry analysis from 2022 to 2030 to identify the prevailing Custom Procedure Packs industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Custom Procedure Packs industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Custom Procedure Packs industry trends, key players, market segments, application areas, and market growth strategies.