The Global CustomProcedure Trays and Packs Market, by Product Type (Ophthalmic ProcedureKits, Angiography Procedure Kits, Anaesthesia Procedure Kits, Operating RoomProcedure Kits, Other Procedure Kits), By End User (Hospitals, Clinics,Ambulatory Surgical Centers) was valued US$ 177.1 million in 2017 and isprojected to exhibit a CAGR of 6.2% over the forecast period (2018 - 2026).
Custom procedure trays and packsmarket is expected to rapidly change in the medical field as soon as newtechnology developed, resulting in an upward trend.
Custom procedure trays and packshave been configured in close collaboration with healthcare providers andclinicians to ensure they deliver the right products, in the right place, atthe right time.
Procedure Packs can generate costsavings by enabling healthcare providers to work more efficiently and delivermore procedures in less time. The Royal Liverpool and Broadgreen UniversityHospitals were able to increase the number of knee operations they carried outby 47% in 2017.
Browse 38 Market Data Tables and33 Figures spread through 165 Pages and in-depth TOC on "Custom ProcedureTrays and Packs Market, by Product Type (Ophthalmic Procedure Kits, AngiographyProcedure Kits, Anaesthesia Procedure Kits, Operating Room Procedure Kits,Other Procedure Kits), By End User (Hospitals, Clinics, Ambulatory SurgicalCenters)- Global Forecast to 2025"
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The use of custom procedure packsand trays can help lessen the amount of time taken for staff to pick theequipment necessary and set up for a clinical procedure. A study carried out atthe Day Surgery Unit, Kingston Hospital- NHS Hospital Trust Surrey, in 2015,found that using procedure packs in just three procedures would save over 65 hoursor 8 working days a year.
Furthermore they also healthcareproviders to reduce their supply base and save time by cutting down the amountof time needed to be spent on monitoring and ordering inventory thus reducingthe burden of administration.
Increasing in expansion of customprocedure trays and packs product line by various manufacturers through mergerand collaborations is also expected to propel the market growth during theforecast period.
For instance, in September, STSMedical Group, specialized in the manufacturing and distribution of medicaldevices and custom procedure trays designed and customized for surgicaltheatres, process more than 70,000,000 custom procedure trays components peryear which result in over 2,000,000 finished trays. Moreover on November 14,2016, STS Medical Group completed the merger between Salvamed and TexsanMedical, creating a new European hub of excellence producing disposable procedurekits for operating rooms.
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Key takeaways of the Custom ProcedureTrays and Packs Market:
The global custom procedure traysand packs market is expected to expand at a CAGR of 6.2% during the forecastperiod (2018 – 2026), owing to increasing focus on infection control, economyas well as growing popularity of convenient-to-use products.
Among end user, Hospitals segmenthold largest market share, owing to large utilization of custom procedure traysand packs for various surgeries and also have large purchasing power to procurethese products.
Some of the major playersinvolved in global custom procedure trays and packs market include 3M, SmithMedical, B. Braun Melsungen AG, Becton, Dickinson and Company, Lohmann &Rauscher Inc., Medtronic Plc., Bausch & Lomb Incorporated., CardinalHealth, Kimal Plc., and Pennine Healthcare
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