Custom Procedure Kits Market by Product Type (Disposable, Reusable), Procedure (Bariatric, Cardiac Surgery, Colorectal), End-user - Global Forecast 2024-2030

Custom Procedure Kits Market by Product Type (Disposable, Reusable), Procedure (Bariatric, Cardiac Surgery, Colorectal), End-user - Global Forecast 2024-2030

The Custom Procedure Kits Market size was estimated at USD 7.77 billion in 2023 and expected to reach USD 8.75 billion in 2024, at a CAGR 12.60% to reach USD 17.85 billion by 2030.

Custom procedure kits (CPT kits), also known as custom surgical packs, are specially assembled kits containing all the disposable components required for specific medical procedures. These kits are tailored to meet the unique demands of healthcare institutions or individual practitioners and are designed to streamline the surgical process by ensuring that all the required equipment is available in a sterile and organized manner. A Custom Procedure Kit typically includes items such as drapes, gowns, surgical instruments, swabs, and any other disposables that might be needed during a procedure. The customization aspect of these kits allows for greater efficiency, as it reduces the preparation time and minimizes the potential for cross-contamination by limiting the number of individual items that must be opened and handled in the operating environment. Custom procedure kits also contribute to cost savings by decreasing waste and enhancing the overall management of medical supplies. The global rise in surgical procedures, coupled with an emphasis on reducing operation times & costs and the need to minimize surgical waste, has increased the applications of custom procedure kits. Moreover, advances in surgical techniques and the increased demand for minimally invasive surgeries have further bolstered the evolution of procedure-specific kits. However, a lack of standardization in custom procedure kit utilization may restrict the market growth. Nevertheless, developing eco-friendly and biodegradable materials for kit components presents a significant opportunity in light of increasing environmental concerns. Additionally, integrating inventory management software and RFID technology to optimize supply chain efficiency further provides an opportunistic view of the market.

Regional Insights

The market for custom procedure kits in the Americas is characterized by a strong presence of established healthcare infrastructures, particularly in the United States and Canada. Moreover, growth in ambulatory surgical centers and a preference for minimally invasive surgeries are increasing the extensive adoption in regions across various medical fields, including surgeries, diagnostics, and emergency care, due to their convenience and efficiency in operation theaters. The EMEA region has a diverse healthcare landscape with varying degrees of adoption for custom procedure kits. Western European countries show high adoption rates, while the Middle East and Africa present considerable growth opportunities due to rising healthcare investments and an increasing number of hospitals. The European Medical Device Regulation (MDR) has increased scrutiny over medical devices, which impacts custom kit providers. The Asia Pacific market for custom procedure kits is one of the most dynamic and fastest-growing. There is a significant shift toward better healthcare facilities in emerging economies, including China and India, which has led to the increased adoption of custom procedure kits. Rising healthcare expenditures, an increase in hospital numbers, and growing medical tourism, particularly in Southeast Asian countries, are contributing to the market growth.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Custom Procedure Kits Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Geriatric Population and Subsequent Increase in the Prevalence of Chronic Diseases
    • Growing Number of Cosmetic Surgeries over Concerns Regarding Aesthetic Appearance
    • Proliferation in the Number of Surgeries Such as Urology, Orthopedics, and General Surgery
    • Market Restraints
      • Lack of Standardization in Custom Procedure Kit Utilization
      • Market Opportunities
        • Ongoing Advancements in Customization of Procedure Kits
        • Increasing Favorable Government Initiatives to Avoid Infection and Medical Waste
        • Market Challenges
          • Increased Wastage Due to Incomplete Utilization of the Procedure Kit
          • Market Segmentation Analysis
            • Product Type: Proliferation of disposable custom procedure kits owing to lower risk of cross-contamination
            • Procedure: Increasing use of customer procedure kits in bariatric surgery owing to increasing obesity instances
            • End-user: Increasing preferences for custom procedure kits in ambulatory surgical centers owing to convenience and efficiency
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Custom Procedure Kits Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Custom Procedure Kits Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • NewGen Surgical Plastic-Free Procedure Kit Packaging Trays
              
              ENewGen Surgical has introduced a new eco-friendly procedure kit packaging tray, an essential component in every custom procedure kit, utilizing a 100% upcycled fiber pulp material known as bagasse derived from sugarcane production. This eco-conscious substitution not only eradicates the use of single-use plastics in the healthcare sector but also boasts a reduction in CO2e emissions by an impressive 55% compared to traditional plastic alternatives.
              
              SYNDEO Medical Launches SATURN Inflation Device
              
              SYNDEO Medical, a branch of MDev BV, introduced the SATURN Inflation Device, a cutting-edge component in interventional medicine. Engineered to synergize with SYNDEOPack, their lineup of interventional procedure kits, the SATURN Inflation Device represents an advancement in medical efficiency and effectiveness. The integration of the device streamlines the procurement workflow, offering a substantial reduction in the time, effort, and expenses traditionally associated with medical equipment acquisition.
              
              Medline and MedEnvision: New EMEA Partnership to Improve Efficiency for Our Customers through Custom Surgical Packs
              
              Medline collaborated with MedEnvision to transform the efficiency of orthopedic surgeries within the EMEA region. This collaboration introduces the Efficient SurgerY (ESY) Solution, a comprehensive approach designed to standardize operating theatre workflows, significantly enhancing surgical team performance. MedEnvision's pioneering solutions are celebrated for their ability to decrease procedural expenses, augment ergonomics, reinforce infection prevention, and reduce surgical trauma, delivering benefits to patients, healthcare practitioners, and hospitals.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Custom Procedure Kits Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Custom Procedure Kits Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Alcon Vision LLC, B. Braun Melsungen AG, Bausch Health Companies Inc., Becton, Dickinson, and Company, Cardinal Health, Inc., ICU Medical, Inc., Kimal PLC, Lohmann & Rauscher GmbH & Co. KG, McKesson Corporation, Med-Italia Biomedica S.r.l., Medline Industries, LP, Medtronic PLC, Merit Medical Systems, Inc., Mölnlycke Health Care AB, NewGen Surgical, Inc., OneMed Sverige AB, Owens & Minor, Inc., Paul Hartmann AG, Pennine Healthcare, Priontex (Pty) Ltd., Ruhof Corporation, Santex S.p.A., STS Medical Group, Teleflex Incorporated, Terumo Cardiovascular Systems Corporation, Thermo Fisher Scientific Inc., and Unisurge International Limited.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Custom Procedure Kits Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product Type
              • Disposable
              • Reusable
              • Procedure
                • Bariatric
                • Cardiac Surgery
                • Colorectal
                • General Surgery
                • Gynecology
                • Neurosurgery
                • Ophthalmology
                • Orthopedic
                • Thoracic
                • Urology
                • End-user
                  • Ambulatory Surgical Centers
                  • Clinics
                  • Hospitals
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year