The global custom procedure trays and packs market is anticipated to grow at a considerable rate during the forecast period 2019-2025. The availability of a broad array of products with packages customized for different types of invasive and other medical procedures is expected to set the tone for impressive growth of the global market. Vendors are predicted to form partnerships to launch new technologies in the global market. In May 2019, Nelipak Healthcare Packaging, a US provider of custom thermoformed packaging products, entered into partnership with Canada’s Optel Group to introduce a new seal inspection technology for vacuum-formed trays.
Large Presence of Players to Make Competitive Landscape Fragmented
Some of the key players of the global custom procedure trays and packs market are 3M, Smith Medical, B. Braun Melsungen AG, Becton, Dickinson and Company, Pennine Healthcare, Lohmann & Rauscher Inc., Kimal Plc., Medtronic Plc., Cardinal Health, and Bausch & Lomb Incorporated.
Considering the presence of a significant number of players in the global market, the vendor landscape is expected to show a highly fragmented nature. The global market could witness increasing merger and acquisition activities with several players anticipated to enter the industry.
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Increasing Geriatric Population Requiring Surgical Procedures to Fuel Demand
- Adoption of products in the global custom procedure trays and packs market is foreseen to increase with the rise in the number of surgical procedures
- Demand for custom procedure trays and packs is foretold to see a rise as the number of geriatrics susceptible to chronic wounds affecting their mobility and general health increases
- Introduction of cost-effective and more efficient products is prophesied to bode well for the global custom procedure trays and packs market
Medline Acquired Constant Care Technology’s CareConnection in 2019
Medline Industries, a US-based global manufacturer and distributor of medical supplies, claims itself as a market leader for procedure trays. According to its official website, the company has nine pack assembly sites in different parts of the world that follow stringent quality assurance protocols. Its trained professionals ensure quality using 10 inspection points as they produce approximately 125,000 packs per day. In May 2019, the company acquired a software platform of Constant Care Technology, a leading US provider of medical device integration systems.
Market Segmentation
By Procedure
- Operating Room Procedure Kits
- Ophthalmic Procedure Kits
- Anesthesia Procedure Kits
- Angiography Procedure Kits
- Other Procedure Kits
By End User
- Ambulatory Surgical Centers
- Hospitals
- Clinics
According to researchers, operating room procedure kits accounted for a larger share of the global custom procedure trays and packs market. Surgeries performed in operating rooms require sterile single-use surgical products that are usually included in custom procedure trays and packs. Among end users, hospitals are forecast to secure a substantial share of the global market because of their high purchasing power and large number of surgical procedures performed.
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