Rising cardiovascular diseases to boost the Custom Procedure Trays and Packs Market growth

 

Custom Procedure Trays and Packs Market

Custom Procedure Trays and Packs Market, by Product Type (Ophthalmic Procedure Kits, Angiography Procedure Kits, Anaesthesia Procedure Kits, Operating Room Procedure Kits, Other Procedure Kits), By End User (Hospitals, Clinics, Ambulatory Surgical Centers and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The global Custom Procedure Trays and Packs Market is estimated to be valued at US$ 11.2 billion in 2020 and is expected to exhibit a CAGR of 4.02 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A custom procedure tray and packs, is a group of clinical devices designed to offer single-use commodities which are utilized at the time of operation. They are generally equipped and set up for the requirement of particular procedure. The custom procedure tray and packs technique provide sterile packages that can be collected as per the customer preference.

Competitive Landscape:

Key players involved in the global custom procedure trays and packs market are 3M, Lohmann & Rauscher Inc., Smith Medical, Bausch & Lomb Incorporated., Medtronic Plc., Dickinson and Company, B. Braun Melsungen AG, Becton, Cardinal Health, Kimal Plc., and Pennine Healthcare

Market Key Drivers:

The rising cases of chronic cardiovascular diseases is expected to augment the growth of the global custom procedure trays and packs market. For instance, as per WHO 17.9 million suffer from cardiovascular diseases annually.

The rising number of surgeries such as hip replacement, cataract and other surgeries is anticipated to propel the growth of global custom procedure trays and packs market.  For instance, as per the Royal College of Surgeons of England around 430,000 surgeries were performed in a year.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global custom procedure trays and packs market as there was a spread of virus. The surge in pandemic had led to the delay in check-ups and treatments apart from the Virus. The social distancing measures, imposition of lockdown and less hospitals visits impeded the market growth.

Key Takeaways:

The global custom procedure trays and packs market is expected to exhibit a CAGR of 4.02 % during the forecast period due to rising prevalence of aesthetic surgeries.  For instance, as per International Society of Aesthetic Plastic Surgery approximately, 10,129,528 aesthetic surgeries were performed across the globe annually. 

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global custom procedure trays and packs market due to rising chronic diseases, increasing healthcare expenditure, rising cosmetic surgeries and other surgeries. For instance, as per International Journal of Surgery in September 2020 over 310 million main surgeries were performed in U.S annually.