Bariatric Segment to Demonstrate Highest Growth from 2021 to 2028
According to our new research study, titled "Custom Procedure Kits Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by procedure, product, and type," the market is expected to grow from US$ 6,970.97 million in 2021 to US$ 13,816.53 million by 2028. It is estimated to grow at a CAGR of 10.3% during 2021–2028.
Factors driving the growth of the custom procedure kits market are the growing preference of healthcare providers towards procedure-specific packs, favorable government regulation to avoid infection, and the increasing development of innovative tools. The custom procedure kits has been designed to prevent costs and reduce hospital infection rates. Also, advancements in the surgical supplies inventory management and the need for cost savings in sterile instruments have spurred the global custom procedure kits market.
Based on procedure, the custom procedure kits market has been segmented into bariatric, colorectal, thoracic, orthopedic, ophthalmology, spine surgery, cardiac surgery, and others. The orthopedic segment accounted for the largest share in 2021. However, the bariatric segment is anticipated to register the highest CAGR over the forecast period. The rising demand for bariatric surgical treatment in the US has aided the overall custom procedure kits market in the recent past and is expected to continue a similar trend over the forecast period.
Increasing issues related to modern lifestyles have resulted in severe obesity-related problems. This, in turn, has increased the number of bariatric surgical procedures. Manufacturers are introducing novel surgical instruments that exhibit added advantages compared to conventional devices that are too short or too narrow for a highly overweight patient. Such factors are expected to support the market over the years to come.
Impact of COVID-19 Pandemic on Custom Procedure Kits Market
Custom procedure devices are vital instruments that help in more or less each surgical procedure taking place in hospitals, clinics, or ambulatory surgical centers. The pandemic has resulted in the rise in infected patients who need surgery as the COVID-19 tends to infect vital organs. This has increased the supply of custom procedure kits. However, supply chain restrictions caused production shortages and import complications in many countries, which resulted in declined usage of these products in 2019 and 2020.
Now, as the pandemic is settling due to restrictive measures adopted by government organizations and people in general, the demand for custom procedure kits has risen. As a result of the coronavirus infection, substantial care has been taken to thoroughly sanitize and disinfect these procedural packs. Even though hospitals are systematically sanitized and disinfected, extra care has been taken to ensure surgeons and other healthcare workers are equipped with personal protection equipment to curb the spread of coronavirus. The COVID-19 pandemic had an overall positive impact on the market, attributable to the vigorous efforts of biopharma and biotech companies to develop diagnostic kits and vaccines against the coronavirus.
Medline Industries, Inc.; Teleflex Incorporated; Owens & Minor Inc.; Medtronic; Cardinal Health, Inc; McKesson Corporation; Smiths Medical; Terumo Cardiovascular Systems Corporation; CPT Medical; OneMed are the leading companies in the custom procedure kits market. In 2021, Owens & Minor, Inc. announced the acquisition of American Contract Systems (ACS), a Minnesota-based provider of kitting and sterilization services for Custom Procedure Tray (CPT) solutions. This is likely to help fulfill customers' needs in surgical procedure trays over the coming years. Custom procedure trays represent a critical component of medical-surgical supplies.
Custom Procedure Kits Market, by Region, 2021 (%)
Custom Procedure Kits Market Size & Share | Report 2021, 2028
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Custom Procedure Kits Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Disposable and Reusable), Procedure (Bariatric, Colorectal, Thoracic, Orthopedic, Ophthalmology, Spine Surgery, Cardiac Surgery, and Others), and Type (Sterile and Non-Sterile)
Custom Procedure Kits Market Size & Share | Report 2021, 2028
Download Free SampleCustom Procedure Kits Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Disposable and Reusable), Procedure (Bariatric, Colorectal, Thoracic, Orthopedic, Ophthalmology, Spine Surgery, Cardiac Surgery, and Others), and Type (Sterile and Non-Sterile)
The custom procedure kits market has been analyzed on the basis of product, procedure, and type. Based on product, the custom procedure kits market is further segmented into disposable and reusable. Based on procedure, the market has been segmented into bariatric, colorectal, thoracic, orthopedic, ophthalmology, spine surgery, cardiac surgery, and others. Based on type, the global market is further segmented into sterile and non-sterile. Geographically, the global market has been segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of APAC), Middle East & Africa (Saudi Arabia, UAE, South Africa, and the Rest of MEA), and South & Central America (Brazil, Argentina, and the Rest of SCAM).
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