Custom Procedure Trays and Packs Market To see Drastic Growth, To Collect huge Investments In the Near Future | By Global Players 3M, Becton, Dickinson and Company, Lohmann & Rauscher Inc., Medtronic Plc., Bausch & Lomb Incorporated

Custom procedure trays and packs (CPTP) are a set designed to provide all the necessary sterile items required to be used in surgeries. This packs are disposable and designed to meet the individual specification of each hospital, according to their procedure requirements, layout, and even the wrap style, stipulated by the surgical team. This market has been flooded with a vast range of products with customized packages for almost every type of invasive and other procedures. Custom procedure trays and packs have improved operating room efficiencies with faster set-up time, less staff pressure and increased patient throughput thus, propel the overall growth of the market.

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Market Dynamics:

The global custom procedure trays and packs market is projected to witness significant growth over the forecast period, owing to increasing prevalence of chronic and hospital associated diseases and surgical procedures. For instance, according to the WHO, global volume of the surgeries performed in 2012 was estimated to 266.2 to 359.5 million, out of which one in every 20 operations globally was done in very-low-expenditure Member States.

Manufactures are adopting various strategies over tendering process and e-auctioning practices, as tendering process and e-auctioning practices is very common in this market to procure the products from those manufacturers that offers at low prices. Such strategies include, the stripping down of non-essential components of CPTP. Companies are looking forward for in-house manufacturing of CPTP components, rather than sourcing them from other OEMs, this strategy, together with the move to reduce packaging costs and expand distribution structure with stocking capabilities, will guarantee strong revenue growth for market participants. For instance, in 2017, Molnlycke Health Care built a new state-of-the-art procedure tray factory with in-house sterilisation in Europe which expands their production capacity and ability to provide a game-changing level of procedure tray service.

Increase in number of surgical procedures and geriatric population are expected to drive growth of the custom procedure trays and packs market:

Increasing number of surgical procedures is fuelling the adoption of custom procedure trays and packs (CPTP) market during the forecast period. For instance, according to the WHO, global volume of the surgeries performed in 2012 was estimated to 266.2 to 359.5 million, out of which one in every 20 operations globally was done in very-low-expenditure Member States.Increase in geriatric population, who are more likely to develop chronic wounds as they have more medical issues affecting their general health and mobility, has been partly responsible for the growth in procedures and the resultant expansion of the CPTP market. For instance, according to research article in semantics scholar, 15-20% people aged 60+ hospitalized in lifetime with wound causes.

It is difficult to quantify the savings that could be generated and to qualify the true benefits until procedure packs are fully utilized. But there may be an opportunities for a better alignment of the functions necessary to generate savings. This will require close working between frontline staff, hospital managers and procurement professionals to design and use packs in the most efficient and cost effective way possible.

Custom Procedure Trays and Packs Market- Regional Analysis:

Custom procedure trays and packs market is segmented into six major regions- North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Rising healthcare awareness levels and government initiatives to lay down the sterility condition in the hospitals is a major factor driving growth of the custom procedure trays and packs market in North America and Europe region.The Government of United Kingdom has formed a 'Trust infection control committee' in 2016, which has formulated specific standards for the degree of sterility to be adhered to inside an operation theatre. The committee has also laid down specifications to prevent infection in other minimally invasive procedures like ophthalmic procedures, which would require minimum downtime. Usage of prepacked, sterilized kits would greatly contribute to the reduction of any nosocomial and iatrogenic infections.

Detailed Segmentation:

• 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

• Global Custom Procedure Trays and Packs Market, By End User:
◦ Hospitals
◦ Clinics
◦ Ambulatory Surgical Centers

• Global Custom Procedure Trays and Packs Market, By Region:
◦ North America
◦ Asia Pacific
◦ Latin America
◦ Middle East
◦ Africa
◦ Europe

Competitive Analysis::

Key players operating in 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.
• Pennine Healthcare

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