Custom Procedure Packs (CPT) Market Size, Share & Industry Analysis, By Type (Single Use, Reusable), By Product (Anaesthetic Surgery Packs, Cardio Thoracic Surgery Packs, General Surgery Packs, Ophthalmic Surgery Packs,Orthopaedic Surgery Packs, Others), By End User (Hospitals & ASCâ€™s, Specialty Clinics, Others) and Regional Forecast, 2023-2030

Region : Global | Report ID: FBI101860 | Status : Ongoing

KEY MARKET INSIGHTS

Custom procedure packs (CPT) are a set of disposable medical products, used by the surgeons in the operating rooms and are offered as a packed sterile tray. Custom procedures packs (CPT) products are available for different type of surgical procedures such as cardio thoracic, ophthalmic, orthopaedic, general surgery among others. These are designed and customized to contain products, disposables and consumables specific for procedures, to enable healthcare providers and surgeons perform surgeries efficiently.

Key Market Driver -

Rise in number of surgical procedures

Key Market Restraint -

Quality concerns in Custom Procedure Packs (CPT)

According to the World Health Organization (WHO), an estimated more than 300 million surgical procedures were performed worldwide in 2012. Rising prevalence of chronic diseases including cancer, and other diseases, is propellign the need for surgical procedures. The increasing number of surgical procedures globally, along with growing prefrernce of healthcare providers towards procedure specific packs, are factors feuling the demand for custom procedure packs in the global market.

Key Players Covered:

The major players operating in the global custom procedure packs (CPT) market include Cardinal Health, Medline Industries, Inc., Mölnlycke Health Care AB., Kimal, Owens & Minor, Inc., Thermo Fisher Scientific, Inc., Med-Italia Biomedica Srl and other players.

As per the current custom procedure packs (CPT) market trends, single use market segment among the types is anticipated to dominate the global current custom procedure packs (CPT) market throughout the forecast period.

Key Insights

Prevalence of Key Disease Conditions, Key Countries, 2018

Number of Surgical Procedures (By Key Disease Types), Key Countries, 2018

Key Mergers And Acquisitions

Regional Analysis:

The global custom procedure packs (CPT) market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global custom procedure packs (CPT) market in 2018. According to the Annual Plastic Surgery Report by the American Society of Plastic Surgeons, in 2015 an estimated 15.9 million surgical and minimally-invasive cosmetic procedures were performed in the U.S. This combined with other aspects such as increasing number of general surgeries is projected to drive the custom procedure packs (CPT) market growth in North America.

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Asia Pacific and Latin America are expected to register a comparatively higher market growth by the end of 2026 due to increasing number of domestic players entering the lucrative segment, offering new custom procedure packs in the regions. This has led to intense pricing competition along with increased availability of procedure packs in countries such as China, India, Brazil, and other countries.

Segmentation

ATTRIBUTE	DETAILS
By Type	Single Use Reusable
By Product	Anaesthetic Surgery Packs Cardio Thoracic Surgery Packs General Surgery Packs Ophthalmic Surgery Packs Orthopaedic Surgery Packs Others
By End User	Hospitals & ASC’s Specialty Clinics Others
By Geography	North America (USA, Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Custom Procedure Packs (CPT) Industry Developments

In April 2018, Owens & Minor completed acquisition of the surgical and infection prevention business segment of Halyard Health, this was a strategy to brace its position in medical products market.

In May 2017, Mölnlycke opened a manufacturing plant in Czech Republic to offer cost effective and safe surgical solutions to the European customers.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2022
HISTORICAL DATA: 2019-2021

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