Europe Custom Procedure Kits Market Analysis and Product segments By 2028

Europe Custom Procedure Kits Industry Overview

The Europe custom procedure kits market size is expected to reach USD 3.2 billion by 2028, registering a CAGR of 12.8% over the forecast period, according to a new report by Grand View Research, Inc. This is due to an increase in the number of surgeries performed, reduction in procurement costs & time along with regulatory reforms regarding custom procedure kits. The low cost of healthcare in Europe as compared to the U.S. is boosting the market growth. For instance, on average, a typical angioplasty surgery costs USD 32,200 in the U.S. while it costs USD 6,400 in the Netherlands and USD 7,400 in Switzerland. The cost of regular heart bypass surgery in the U.S. is USD 46,547, however, in France, it is USD 22,844. In addition, hip replacement surgery costs an average of USD 25,061 (up to USD 87,987) in the U. S. and USD 10,927 in France.

U.K. custom procedure kits market size, by product, 2018 - 2028 (USD Million)

Europe Custom Procedure Kits Market Segmentation

Grand View Research has segmented the Europe custom procedure kits market based on product, procedure, end-use, and region:

Based on the Product Insights, the market is segmented into Disposable and Reusable.

  • Based on product, the disposable segment led the market in 2020 and accounted for the highest revenue share of more than 57%. Disposable products include patient drapes, surgical staff attire, and surgical dressings. According to a European study, disposable surgical clothing is more resistant to microbial penetration than reusable textiles. Disposable textiles keep employees safe and help prevent the spread of germs and bacteria. Single-use items are manufactured in a sterile environment and are packed in PE bags, which reduces the risk of exposure to bacteria and pathogens.
  • The reusable segment is anticipated to register the fastest CAGR over the forecast period. Reusable products are intended to be reprocessed and reused. For example, some drapes and gowns are made from cotton and poly cotton. Chemically modified poly cotton is used in newer high-tech reusable items, along with an extra membrane to provide a better barrier. However, there are no reusable alternatives to many of the single-use materials used in process trays, which may limit the segment growth to some extent.

Based on the Procedure Insights, the market is segmented into Bariatric, Colorectal, Thoracic, Orthopedic, Ophthalmology, Neurosurgery, Cardiac Surgery, Gynecology, General Surgery, Urology, Others.

  • The orthopedic segment held the largest revenue share of 19.8% of the overall market in 2020. An increase in the geriatric population and a rise in the cases of spinal cord injuries are among the key factors responsible for the segment growth. The segment is also benefited from a rise in the number of osteoporosis operations performed across the region.
  • The segment of the thoracic procedure is anticipated to witness the fastest CAGR of 16.1% over the forecast period. It includes removal of parts of the lung affected with cancer, lung transplant, and heart transplant. Special instruments are inserted through a tiny incision in the chest during minimally invasive operations.

Based on the End-use Insights, the market is segmented into Hospitals, Ambulatory Surgical Centers (ASCs), Clinics, Others.

  • Based on end-use, the hospitals segment led the market in 2020 and accounted for the maximum revenue share of 47.4% of the total market. Custom Procedure Trays & Packs (CPTPs) offer hospitals off-the-shelf convenience, cheaper prices, and more efficient operating rooms with shorter turnaround times between procedures.
  • The Ambulatory Surgical Centers(ASCs) segment is anticipated to witness the fastest growth rate over the forecast period. The centers are 45 to 60% less expensive than hospitals, which saves huge costs to insurers, patients, and taxpayers. The Department of Health and Human Services estimates that if all qualifying surgeries were performed at an ASC, taxpayers would save USD 15 billion and Medicare patients would save USD 3 billion.

Europe Custom Procedure Kits Country Outlook

  • U. K.
  • Germany
  • France
  • Italy
  • Spain
  • Portugal
  • Belgium
  • The Netherlands
  • Rest of Europe

Key Companies Profile & Market Share Insights

Key players are considering a range of strategic activities, such as new partnership agreements, collaborations, mergers, acquisitions, and geographic expansions, to strengthen their industry position and enhance their product portfolio.

Some of the prominent players operating in the Europe custom procedure kits market include,

  • Mölnlycke Health Care
  • Medline Industries, Inc.
  • Medtronic
  • Cardinal Health
  • Teleflex Incorporated
  • Owens & Minor, Inc.
  • McKesson Corp.
  • Smith’s Medical
  • Ethicon
  • DePuy Synthes
  • Santex S.p.A
  • One Med
  • Medica Europe BV

Order a free sample PDF of the Europe Custom Procedure Kits Market Intelligence Study, published by Grand View Research.

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