Customized procedure tray (CPT) is a fully amassed medical tray consisting of a set of all the necessary medical instruments required for a surgery. CPT helps in reducing the time of packaging of material used in the surgery, reduce cycle time between operations, and increased efficacy mid surgery. Customized procedure trays are cheaper when compared to traditional trays, and when purchased in bulk are efficient in reducing the total procurement and operational cost of project. Additionally, these trays can directly be commissioned by hospitals or labs that are in need without the requirement of any regulatory no-objection certificate. CPT further significantly reduces energy costs associated with local sterilization procedures.
CPTs are majorly used in infusion-related therapies, for example, blood culture and collection, dialysis, vascular access, and changing the central line dressing while surgical procedure trays being employed during critical surgeries when there is dire need of advanced medical tools.
COVID-19 Impact Analysis
Increase has been witnessed in the demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. The need for medical supplies has increased significantly among both from healthcare professionals and civil population for precautionary measures, owing to rise in number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Therefore, COVID 19 is expected to have a significant impact on the customized procedure trays market.
Top Impacting Factors
- Increasing number of surgeries around the globe is prompting hospitals and other healthcare avenues in adopting customized procedure trays. The trays provide surgeons with an added advantage of time efficiency and improved operational procedure.
- Customized procedure trays are cheap as compared to the traditional trays, which assists them in overall time saving, thereby boosting the market growth.
- The capability of providing customized procedure trays just in time means that hospitals can focus on enhanced logistics and supply chain efficiencies, thus helping drive the market growth.
- Additionally, customized medical trays reduce medical wastage during and after completion of surgery, thus being one of the most entrusted and frequently preferred medical. This, in turn, acts as a key driving force of the market.
- However, criticality in serving efficiently according to end users is one factor that might hamper the growth of customized procedure trays market.
Key Market Trends
- North America and Europe are anticipated to gain significant market share, owing to the presence of global and regional players operating in the regions combined with skilled professionals and higher governmental spending on the healthcare department.
- Asia-Pacific is anticipated to witness exponential growth due to the region’s acceptance of newest healthcare techniques over the past few years.
- Middle East is witnessing higher market traction, owing to the presence of well-known regional players combined with healthy initiatives being run by the government to encourage use of customized medical trays in hospitals and surgical labs.
Key Benefits of the Report
- This study presents the analytical depiction of the customized procedure trays industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Customized Procedure Trays Report
- Which are the leading players active in the customized procedure trays market?
- How is each segment of the market expected to grow during the forecast period?
- What are the adoption trends for the customized procedure trays market in emerging economies and established economies across the world?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What are the impacts of COVID-19 in the industry?
- What is customized procedure trays?
- What is the customized procedure trays market prediction in the future?
- What are the current trends and predicted trends?
Key Market Segments
- By Product
- Minor Procedure Trays
- Surgical Procedure Trays
- By Packaging
- By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Diagnostic Laboratories
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- B. Braun Melsungen AG,
- Medline Industries, Inc.
- Cardiva Group,
- Cardinal Health, Inc.
- Biometrix Ltd.
- Becton, Dickinson and Company
- Mölnlycke Health Care AB
- Bausch and Lomb Incorporated
- 3M Company,
- Medtronic PLC