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Custom Procedure Kits Market Future Growth Analysis, Business Demand and Opportunities to 2028 | Leading Players: Medline Industries, Teleflex Incorporated, Owens & Minor, Inc., Medtronic, Cardinal Health, McKesson Corporation, Smiths Medical

06-13-2020 06:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Custom Procedure Kits Market

Custom Procedure Kits Market

Global Custom Procedure Kits Market to reach USD 10 billion by 2028, expanding at a CAGR of 10.8% over the forecast period.

There is an increasing demand for custom procedure kits as they save lots of time and are easy to operate during surgeries, which is propelling the growth of the market. Custom procedure kits offer healthcare practitioners and physicians a single-use choice to select required sterile surgical instruments and tools. The preconfigured and prepacked trays & kits eliminate the necessity to stock individual components in bulk. Prepacked custom procedure kit helps to improve the standard of services as they aid in efficient inventory management.

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The growing geriatric population around the world is serving the main driver for market growth. As the elderly population is more vulnerable to various sorts of diseases and infections that need surgery, this population acts as a catalyst for the increasing demand for the procedure kits. Also, the growing concerns regarding aesthetic appearance are likely to extend the number of cosmetic surgeries eventually fueling the worldwide custom procedure kits market growth.

As per the annual cosmetic surgery procedural statistics, approximately, 17.5 million cosmetic surgeries were performed within the U.S. in 2017. of those 1.8 million were normal surgical procedures and 15.7 million were minimally invasive surgical procedures. Other surgeries like general surgery, urology, and orthopedics also are contributing to the market growth. Between 2013 and 2014, the number of surgical admissions in England was 4.7 million. About 115,758 hip replacement; 81,590 knee replacement; 76,497 gall bladder removal; 50,846 tonsillectomies, and 120,198 hernia repairs surgeries were performed in England.

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The report offers overview of the current scenario along with a detailed outlook of the global Custom Procedure Kits market with thorough analysis of different segments which comprises of By Product Type (Disposable, Reusable), Procedure (Orthopedic, Bariatric), End-Use (Hospitals, Ambulatory Surgical Centers).

Major Companies profiled in the report which are some of the key players in the global market. These major companies operating in the market are Medline Industries, Teleflex Incorporated, Owens & Minor, Inc., Medtronic, Cardinal Health, McKesson Corporation, Smiths Medical, Terumo Cardiovascular Systems Corporation, Santex S.p.A., OneMed, and Mölnlycke Health Care.

Recent trends involving global players of the market engaging in strategic collaborations and the growing support of government and healthcare agencies are expected to have a synergistic effect on market growth. Such partnerships lead to development and boost the market competition.

• In January 2020, Cardinal Health announced voluntary field actions for select procedure packs containing affected surgical gowns.

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Regional Analysis
North America dominated the market in 2019 and is predicted to dominate throughout the forecast period. The presence of key market players also as various initiatives are undertaken by the govt to encourage the utilization of single-use medical supplies to stop infections is a few of the main factors anticipated to contribute to the expansion of this region.

The Asia Pacific market is especially driven by Japan and China. Japan dominated the market in terms of revenue share in 2018. Besides, China is anticipated to be the fastest-growing market during the forecast period during this region. a rise within the number of advanced well-equipped hospitals and an outsized number of surgical procedures are projected to spice up the market over the forecast period.

An Overview of the report
1. The report offers insights on the global sales and revenue of the Custom Procedure Kits market
2. The recent market developments are scrutinized to project latest trends along with growth rate projections
3. Deeper understanding of the competitive landscape of the major companies operating in the market
4. New Opportunities and challenges for the global market
5. Study of innovation and technological advancements in the industry
Analysts have thoroughly examined the market with exhaustive research based on profound understanding of the market with extensive analysis. The global market has been categorized into several segments along with regional analysis to offer insights on present and prospective growth trajectories.

Market Segmentation:

By Product Type:
• Disposable
• Reusable

By Procedure:
• Orthopedic
• Bariatric

By End-Use:
• Hospitals
• Ambulatory Surgical Centersd

By Region:

North America
• By Country (US, Canada, Mexico)
• By Product Type
• By Procedure
• By End-Use

Western Europe
• By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
• By Product Type
• By Procedure
• By End-Use

Eastern Europe
• By Country (Russia, Turkey, Rest of Eastern Europe)
• By Product Type
• By Procedure
• By End-Use

Asia Pacific
• By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
• By Product Type
• By Procedure
• By End-Use

Middle East
• By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
• By Product Type
• By Procedure
• By End-Use

Rest of the World
• By Region (South America, Africa)
• By Product Type
• By Procedure
• By End-Use

Reasons to Buy This Report:
• Market size estimation of the Custom Procedure Kits market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

Contact:
Quince Market Insights
Office No- A109
Pune, Maharashtra 411028
Phone: APAC +91 706 672 4848 / US +1 208 405 2835 / UK +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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