About Custom Procedure Kits
The rise in the number of surgical procedures and high demand for minimally invasive surgeries are key factors that are anticipated to propel the custom procedure kits market during the forecast period. The custom procedure kits include all the medical devices that are needed for a particular surgical procedure. It replaces a large number of individually packaged items and can save both the time and costs for minor and major surgical procedures. Preparation time for surgical procedures can also be decreased by half as compared to the traditional preparation of the operating theatre.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Custom Procedure Kits market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medline Industries, Inc. (United States), Teleflex Incorporated (United States), Owens & Minor, Inc (United States), Medtronic Plc (Ireland), Cardinal Health, Inc. (United States), McKesson Corporation (United States), Smiths Medical, Inc. (United States), Terumo Cardiovascular Systems Corporation (United States), Santex S.p.A. (Italy) and Mölnlycke Health Care AB (Sweden) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Custom Procedure Kits market by Type (Disposable and Reusable) and Region.
On the basis of geography, the market of Custom Procedure Kits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Procedure, the sub-segment i.e. Bariatric will boost the Custom Procedure Kits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Custom Procedure Kits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Need for Convenience, Speed of Operations, and more Efficient Hospital Management
Market Growth Drivers:
Rising Incidence of Chronic Diseases & Growing Number of Surgical Procedures and Increasing Healthcare Awareness Levels and Government Initiatives to lay Down the Sterility Condition in the Hospitals
Challenges:
Challenges Faced During Validation of Custom Procedure Kits
Restraints:
Lack of Standardization and Effective Supply Chain Management
Opportunities:
Increasing Investment in Healthcare Infrastructure in Developing Countries and High Growth Potential of Developing Countries across APAC and Latin America
Market Leaders and their expansionary development strategies
In March 2023, Cardinal Health, a global healthcare services and products company, signed an agreement with Mölnlycke, a Swedish medical technology company, to expand its custom procedure kit offerings. The agreement will give Cardinal Health access to Mölnlycke's portfolio of surgical instruments and supplies, which will be used to create new custom procedure kits for a variety of surgical specialties.
In November 2023, Cardinal Health announced the launch of its new custom procedure kits for minimally invasive surgery (MIS). The kits are designed to provide surgeons with all the necessary tools and supplies for a variety of MIS procedures, including laparoscopic, robotic, and endoscopic surgeries. The kits are also designed to be cost-effective and easy to use.
In the U.S., according to the Health Act of 2006, all healthcare facilities are required to implement the code of practice for prevention and control of healthcare-associated infections. Hence, the adoption of custom procedure kits is becoming imperative in everyday medical practice. Procedure trays are cost-effective and can save up to 30% of the time that is spent on preselection, unwrapping, and sterilizing surgical tools & instruments.
Key Target Audience
Manufacturers of Custom Procedure Kits, Suppliers of Custom Procedure Kits, Wholesalers, Distributors and Retailers of Custom Procedure Kits, Healthcare Centers, Regulatory Bodies, Governmental Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.