Market Trends of Custom Procedure Packs Industry
Cosmetic Surgery Packs Segment is Expected to Register a Significant Market Share Over the Forecast Period
- With the rising demand for various surgical cosmetic procedures and plastic surgery globally, the demand for single-use or reusable cosmetic surgery packs is expected to grow during the forecast period. For instance, according to the Aesthetic Plastic Surgery National Databank 2021 report, surgical procedures increased by 54% in the United States in 2021.
- As per the report, the top 6 surgical procedures accounted for 1.5 million women and 0.84 million men in 2021. Out of the total surgical procedures, the number of eyes, ears, and nose procedures was 2.6 million in 2021, representing a growth of 47% compared to the prior year. Therefore, the large number of surgical cosmetic procedures is expected to propel the demand for cosmetic procedure packs during the forecast period.
- In addition, as per the American Cancer Society 2023 report, 300.6 thousand new breast cancer cases are predicted to be diagnosed in the United States in 2023. It accounts for 30% of the total new cancer cases in women in 2023. A breast implant is used to reconstruct the breast that is removed after surgery in breast cancer patients, which is expected to create a need for cosmetic packs during the process. Therefore, the increasing incidence of breast cancer boosts market growth.
- Furthermore, according to the WHO European Regional Obesity 2022 report, in the European Region, obesity and overweight have reached epidemic proportions, affecting almost 60% of adults. Also, according to NHS Digital, National Obesity Audit published in August 2022, a total of 4,035 people underwent primary bariatric procedures was conducted in England in 2021-2022.
- The bariatric procedures in England in 2021-2022 showed an increase of roughly 60% compared to the previous year. Therefore, the high burden of the population affected by obesity and the rising number of bariatric procedures is likely to add to the growth of the cosmetic fat reduction process or abdominoplasty requiring surgical packs during the procedure, which is expected to propel the growth of the segment. Thus, owing to the rising number of aesthetic procedures being performed around the world and the increasing number of product launches, the studied segment is expected to grow over the forecast period.
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North America is Expected to Hold a Significant Market Share Over the Forecast Period
- North America is expected to hold a significant market share during the forecast period owing to the presence of robust healthcare infrastructure, an increasing number of surgical procedures, and an increasing prevalence of chronic diseases. In addition, the prevalence of hospital-associated infections (HAIs) in the region is increasing, and custom procedure packs can play a crucial role in reducing HAIs which is also expected to have a positive impact on the market.
- The high burden of obesity and cancer propels the demand for high adoption of minimally invasive surgical procedures, which is further expected to propel the market growth in the region. For instance, according to the Aesthetic Plastic Surgery National Databank 2021 report, total genitourinary surgery was 30.8 thousand in 2021 in the United States, representing an increase of 55% from the previous year. Also, according to the World Population Review 2022 data, around 29.4% of the people in Canada were affected by obesity. A large number of genitourinary surgeries in the region, along with the high burden of obesity, is expected to propel the utility of custom procedure packs for facilitating smooth surgical procedures.
- Additionally, the high burden of cancer in the region is expected to propel market growth. For instance, as per Canadian Medical Association Journal May 2022 report, an estimated 233.9 thousand people were diagnosed with cancer in 2022, including 28.6 thousand new breast cancer cases. The high burden of cancer is expected to propel the surgical procedures requiring custom procedure packs, thereby propelling the market growth during the forecast period.
- Furthermore, the data updated by Cedars-Sinai in January 2022 stated that coronary artery bypass graft surgery (CABG), also known as coronary artery bypass or bypass surgery, is the most common heart surgery, and more than 300 thousand successful CABG procedures are performed every year in the United States each year. A large number of CABG surgery in the region is expected to propel the demand for cardiovascular surgery packs during the forecast period.
- Several key market players have been adding to the growth of the customs procedure pack market by rising product launches, partnerships, and acquisitions to expand the solutions in the region. For instance, in March 2021, Atlanta-based Stradis Healthcare, specializing in medical device packaging and custom procedure kits and trays, was acquired by Henry Schein, Inc. Such activities are expected to add to the market growth. Therefore, owing to the rising number of surgeries in the North American region, along with the strong key players, the customs procedure packs market in the region is expected to grow over the forecast period.
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