The Global 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) was valued US$ 177.1 million in 2017 and is projected to exhibit a CAGR of 6.2% over the forecast period (2018 - 2026).
Custom procedure trays and packs market is expected to rapidly change in the medical field as soon as new technology developed, resulting in an upward trend.
Custom procedure trays and packs have been configured in close collaboration with healthcare providers and clinicians to ensure they deliver the right products, in the right place, at the right time.
Procedure Packs can generate cost savings by enabling healthcare providers to work more efficiently and deliver more procedures in less time. The Royal Liverpool and Broadgreen University Hospitals were able to increase the number of knee operations they carried out by 47% in 2017.
Browse 38 Market Data Tables and 33 Figures spread through 165 Pages and in-depth TOC on "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)- Global Forecast to 2025"
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The use of custom procedure packs and trays can help lessen the amount of time taken for staff to pick the equipment necessary and set up for a clinical procedure. A study carried out at the Day Surgery Unit, Kingston Hospital- NHS Hospital Trust Surrey, in 2015, found that using procedure packs in just three procedures would save over 65 hours or 8 working days a year.
Furthermore they also healthcare providers to reduce their supply base and save time by cutting down the amount of time needed to be spent on monitoring and ordering inventory thus reducing the burden of administration.
Increasing in expansion of custom procedure trays and packs product line by various manufacturers through merger and collaborations is also expected to propel the market growth during the forecast period.
For instance, in September, STS Medical Group, specialized in the manufacturing and distribution of medical devices and custom procedure trays designed and customized for surgical theatres, process more than 70,000,000 custom procedure trays components per year which result in over 2,000,000 finished trays. Moreover on November 14, 2016, STS Medical Group completed the merger between Salvamed and Texsan Medical, creating a new European hub of excellence producing disposable procedure kits for operating rooms.
Key takeaways of the Custom Procedure Trays and Packs Market:
- The global custom procedure trays and packs market is expected to expand at a CAGR of 6.2% during the forecast period (2018 – 2026), owing to increasing focus on infection control, economy as well as growing popularity of convenient-to-use products.
- Among end user, Hospitals segment hold largest market share, owing to large utilization of custom procedure trays and packs for various surgeries and also have large purchasing power to procure these products.
- Some of the major players involved in global 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
