Custom procedure trays and packs (CPTP) are a set that includes all of the necessary sterile objects for use in procedures. This pack is disposable and tailored to match the specific needs of each hospital, such as procedure requirements, layout, and even wrap style, as determined by the surgical team. This market has been swamped with a wide selection of items that come in customizable bundles for practically every form of invasive and non-invasive operation. With speedier set-up time, less staff strain, and increased patient throughput, custom procedure trays and packs have enhanced operating room efficiencies, propelling the market’s overall growth. Special standards for procedure kits are common in hospitals. Doctors’ and even theatre staff’s preferences differ, providing a significant issue for a CPTP company’s stock holding. As a result, these businesses must be able to source a variety of products from a variety of vendors. The global custom procedure trays and packs market size was valued at US$ 177.1 million in 2017, and is expected to witness a CAGR of 6.2% over the forecast period (2018 – 2026).
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Increase in number of surgical procedures and geriatric population are expected to drive growth of the custom procedure trays and packs market
The adoption of custom procedure trays and packs (CPTP) will be fueled by an increase in the number of surgical procedures. According to the WHO, the global volume of surgeries conducted in 2012 was anticipated to be between 266.2 and 359.5 million, with one out of every 20 procedures performed in low-income countries.
The rise in the older population, who are more likely to acquire chronic wounds as a result of more medical concerns affecting their general health and mobility, has contributed to the increase in procedures and, as a result, the CPTP market’s expansion. According to a study published in semantics scholar, 15-20 percent of adults aged 60 and up have been hospitalized because to wounds at some point in their lives.
However, until procedure packs are completely employed, it is difficult to evaluate the savings that could be realized and to qualify the true benefits. However, there may be chances to better align the functions that are required to create savings. To develop and use packs in the most efficient and cost-effective way possible, frontline personnel, hospital managers, and procurement specialists will need to collaborate closely.
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Custom Procedure Trays and Packs Market- Regional Analysis
North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa are the six key areas in which the custom procedure trays and packs market is divided. A significant factor driving growth of the bespoke procedure trays and packs market in North America and Europe is rising healthcare awareness and government attempts to ensure sterility in hospitals.
In 2016, the UK government established a ‘Trust infection control committee,’ which established strict guidelines for the level of sterility to be maintained inside an operating room. The group has also established guidelines for preventing infection during other minimally invasive treatments, such as ophthalmology operations, that need little downtime. The use of prepackaged, sanitised kits would significantly reduce nosocomial and iatrogenic infections.
Because of the growing number of small businesses, higher healthcare spending, and growing medical tourism for procedures, the Asia Pacific bespoke procedure trays and packs market is expected to rise significantly.
For example, India has several super specialty hospitals dedicated to providing cardiology and cardiothoracic surgery, orthopaedic surgery, organ transplant surgery, and other procedures at affordable and low costs, which are approximately 30% to 70% lower than those in the United States, making Health Tourism to India very appealing to an international patient.
Custom Procedure Trays and Packs Market – Competitive Landscape
With a huge number of companies in the CPT sector, the market is highly fragmented. Customer demand is being driven by a rising need for convenience, speed of operations, and more effective hospital management.
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A number of companies are projected to enter this industry in the future, with merger and acquisition activity expected to be highly high during the next five years. For example, in 2017, Medline agreed to buy Centurion Medical Tools, which has a full line of vascular access products to complement its minor procedure tray solutions and infection prevention efforts. Key players operating in custom procedure trays and packs market include 3M, Smith Medical, B. Braun Melsungen AG, Becton, Dickinson and Company, Lohmann & Rauscher Inc., Medtronic Plc., Bausch & Lomb Incorporated., Cardinal Health, Kimal Plc., and Pennine Healthcare.
Table of Contents
- Research Objective and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Epidemiology
- Key Developments
- Regulatory Scenario
- PEST Analysis
- PORTER’S Five Forces
- Market Dynamics
- Global Custom Procedure Trays and Packs Market, By Product Type, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Ophthalmic Procedure Tray
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Angiography Procedure Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Anesthesia Procedure Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Operating Room Procedure Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Other Procedure Kits
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Introduction
- Global Custom Procedure Trays and Packs Market, By End User, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
- Introduction
- Global Custom Procedure Trays and Packs Market, By Regions, 2016 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2016 – 2026
- Regional Trends
- North America
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- Northern Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2018–2026, (US$ Million)
- Market Size and Forecast, By End User, 2018–2026, (US$ Million)
- Market Size and Forecast, By Country, 2018–2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Analyst Views
- Section
- References
- Research Methodology
- About Us and Sales Contact
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