Custom Procedure Packs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Custom Procedure Packs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The custom procedure packs (CPP) market studied was anticipated to grow with a CAGR of nearly 4.9%, during the forecast period (2022-2027).

The COVID-19 outbreak showed the impact on the healthcare sector, as hospital and healthcare services were significantly reduced due to social distancing measures taken by governments across the world. Moreover, the COVID-19 pandemic affected the global economy and showed a huge impact on the functioning of general hospital care for non-COVID-19 patients in hospitals globally.​ However, as COVID-19 progressed, the need for the procedure packs rose significantly owing to the increasing number of the population diagnosed with COVID-19. The affected people requiring hospitalization, and those requiring surgical therapies required procedure packs for healthcare management, added to the growth of the market over the forecast period.​ For instance, an article titled “Recommendations for developing clinical care protocols during pandemics: From theory and practice” published in October 2021 suggested the use of a COVID epidural pack in an isolation room for reducing the risk of contamination of the entire medication or supply cart. The pack included one epidural kit, epidural infusion pump tubing, Tegaderm and tape for securing the catheter, and a Duraprep stick for skin prep. Such activities significantly added to the growth of the custom procedure pack during the COVID-19 pandemic.

The major factors attributing to the growth of the market are a rise in the global prevalence of chronic cardiovascular indications, accident and emergency cases demanding the surgical procedures necessitating the increasing geriatric population. In Europe, there is an increase in the number of surgeries being performed for cataracts, tonsillectomies, colonoscopies, cesarean sections, and hip replacements. According to the Royal College of Surgeons of England data on the surgeries in England published in May 2021, there were around 4.95 million people in England, waiting for surgery, with over 430,000 people waiting for over an year. The large number of surgeries in the region is expected to add to the growth of the custom procedure packs market over the forecast period.​​

Several key market players have been adding to the growth of the custom procedure packs market. For instance, in December 2021, Owens & Minor, Inc. acquired the American Contract Systems (ACS), a Minnesota-based provider of kitting and sterilization services for Custom Procedure Tray (CPT) solutions. The acquisition will further strengthen the company’s ability to meet and exceed customers’ collective needs for surgical procedure packs. Such activities are expected to boost the growth of the custom procedure packs market over the forecast period.​

Thus, owing to the increasing geriatric population and the rising number of surgeries, the studied market is expected to grow significantly. However, the presence of unnecessary and faulty devices along with the procedure packs is expected to slow down the growth of the studied market over the forecast period.

Key Market TrendsSingle-use Custom Procedure Packs Segment is Expected to Register High Growth Over the Forecast Period

The single-use custom procedure packs segment is expected to dominate the overall market owing to the safety concerns to avoid the infections and risk of cross-contamination to the surgical site during the surgical procedure. Also, a few factors that gained the attention of surgeons towards the single-use custom procedure packs are reduced clinical waste in the theatre, administration costs, and eradication of errors in a surgical setting. These factors fueled the segment growth over the forecast period.

The rise in the number of aesthetic surgeries performed all over the world is significantly aiding the growth of the single-use custom procedure packs segment over the forecast period. According to the statistics provided by the International Society of Aesthetic Plastic Surgery (2020), around 10,129,528 aesthetic surgical procedures were performed in the world in the year 2020. The United States was the country with the greatest number of surgical procedures, with around 1,485,116 procedures. Brazil followed suit with over 1,306,962 surgical procedures in 2020. The vast increase in the number of aesthetic surgeries in recent years is likely to add to the segmental growth during the forecast period.​ The single-use cosmetic procedure packs are anticipated to witness the highest market share due to a steep rise in the volume of cosmetic and plastic surgeries in developed nations along with the reduction of lay-up times for surgical procedures.

The recent product launches by the market players are also adding to the market segment growth over the forecast period. For instance, in April 2021, Synertech Medical launched its single-use, sterile Dural Repair Procedure Pack, for use during surgical interventions. The kit comprises elements packed in a user-friendly, single-use, sterile procedure pack, which makes it useful for ambulatory surgery centers or hospitals.

Thus, owing to the rising number of aesthetic procedures being performed around the world and the increasing number of product launches, the studied segment is expected to grow significantly.

North America is Expected to Dominate the Market Over the Forecast Period

North America is expected to dominate the overall custom procedure packs market throughout the forecast period. The dominance is due to several factors such as a rise in the volume of hospital-associated chronic diseases, accidental cases, and cosmetic surgeries in the region. The United States holds the largest market share due to well-established direct reimbursement policies, the availability of advanced healthcare infrastructure along with a huge target population, and the rapid adoption of minimally invasive surgical procedures also favored the market growth in this region.

An article titled “Trauma of major surgery: A global problem that is not going away” published in the International Journal of Surgery in September 2020 indicated that around 310 million major surgeries are performed each year with over 40 to 50 million in the United States of America. The large number of surgeries performed in the nation is likely to add to the market growth over the forecast period.

Several key market players have been adding to the growth of the custom procedure pack market in the region. For instance, in March 2021, Atlanta-based Stradis Healthcare, specializing in medical device packaging and custom procedure kits and trays was acquired by Henry Schein, Inc. Such activities are expected to add to the market growth.​

Therefore owing to the rising number of surgeries in the North American region, along with the strong key players, the custom procedure packs market in the region is expected to grow significantly.

Competitive Landscape

The custom procedure pack market is moderately competitive and consists of several players. A few of the major players currently dominating the market are adopting various development strategies including the development of a website so that surgeons can order the custom procedure packs as per their requirements. Others are increasing their salesforce by partnering with distributors to consolidate their market position globally. Some of the companies which are currently dominating the market are PrionTex, Medline Industries, Inc, Molnlycke Health Care AB, Owens & Minor Inc, and Cardinal Health Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.