Global Custom Procedure Packs Market: Key Segments
Global Custom Procedure Packs Market: Overview
Custom procedure packs contain a specific set of reusable or disposable medical devices that help save time and increase the efforts of surgery. The global custom procedure packs market is expanding at a significant pace due to a rise in the number of surgeries and increase in launch of innovative tools for customer support in order to design their own packs as per their needs.
The global custom procedure packs market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on use, product, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities has been provided in the market overview section. Additionally, the section comprises a competitive matrix and company profiles to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by geography and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global custom procedure packs market.
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Global Custom Procedure Packs Market: Regional Outlook
In terms of region, the global custom procedure packs market has been segmented into five major regions and key countries/sub-regions in the respective region: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2017 to 2027, along with their respective CAGRs for the period from 2019 to 2027, considering 2018 as the base year. The research study also provides the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles major players in the market in terms of various attributes such as company overview, financial overview, devices portfolios, business strategies, and recent developments. Major companies profiled in the global custom procedure packs market include Medline Industries, Inc, Mölnlycke Health Care AB, Owens & Minor, Inc. Cardinal Health, B. Braun Melsungen AG, Unisurge, 3M, Thermo Fisher Scientific, Inc., and PrionTex.
Error in medical device components in the custom procedure packs to hamper market
The medical device industry acknowledges that human error would occur. Hence, devices are designed in such a way that errors are prevented. However, it was found that several times, advanced devices provide incorrect results. For instance, recently in April 2015, DeRoyal Industries Inc. issued an urgent medical device recall notice for its custom surgical packs that contained Medtronic Covidien Devon(TM) Light Gloves, which split or developed holes during application. This led the devices to be recalled from the market. Such incidences are a key factor restraining the market.
Reusable custom procedure packs to lose market share
The report offers detailed segmentation of the global custom procedure packs market based on use, product, and end-user. Based on use, the single use custom procedure packs segment is projected to dominate the global market, as it helps prevent surgical site infection during the surgery, while the reusable procedure packs segment is expected to lose market share during the forecast period, as reusable packs have high risk or cross contamination and also increase the hospitals stock inventory. In term of product, other segment, which includes cosmetic procedure packs and urology procedure packs is anticipated to gain higher share of the market, as compared to others procedure packs. Its share is anticipated to rise from 17.0% held in 2018 to surpass 18.0% by the end of 2027, due to an increase in the number of cosmetic surgeries in countries such as South Korea, the U.S., and Brazil.
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