Market Trends of Surgical Kits Industry
This section covers the major market trends shaping the Surgical Kits Market according to our research experts:
Disposable Surgical Equipment Expected to Witness Growth Over the Forecast Period
- Disposable surgical equipment is one of the commonly used supplies in medical establishments. This surgical equipment is intended for one-time or temporary use. Healthcare professionals are switching from reusable instruments to disposables to avoid the hazards of improper cleaning and reprocessing of surgical kits, which pose a threat to patients.
- For instance, as per the report published by GWS Surgicals LLP in December 2021, it is clear from analyzing all the variables that, in terms of patient protection, disposable medical equipment outperform reusable ones in every way. Thus disposable surgical kits play a key role in surgical procedures due to the lower risk of hospital-acquired infections through the surgical instruments.
- Moreover, disposable kits are cost-effective compared to reusable ones, which are beneficial for healthcare professionals and patients. For instance, as per the above-mentioned source, single-use (disposable) surgical equipment is more cost-effective in the long term. Hence, hospitals around the world are adopting disposable surgical instruments. Thus, disposable surgical equipment is expected to drive the market over the forecast period due to its advantages and cost-effectiveness over reusable surgical equipment.
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North America Expected to Dominate the Market Over the Forecast Period
- The United States emerged as the key domestic market for surgical kits in North America on account of the continuous technological developments and the rising uptake of minimally invasive surgeries. The growth in North America was primarily driven by the adoption of new technologies, the growing aging population, favorable regulatory framework, and high per capita income.
- One of the major growth-driven factors is the rising number of surgical procedures. According to AAFPRS members, in 2021, the total number of surgical and non-surgical facial plastic surgery treatments increased dramatically. An estimated 1.4 million surgical and non-surgical procedures were done in 2021, with plastic surgeons performing an average of 600 more procedures than they did in 2020, a 40% increase. Thus the rise in surgical procedures increases the demand for surgical kits in the region, which drives the market over the study period.
- Moreover, the new advancements and developments in the field of surgery will help the market to grow over the forecast period. For instance, in August 2022, Point Robotics, a rising leader in the field of minimally invasive orthopedic surgical robots, received 510(k) clearance from the FDA in the United States for its minimally invasive surgical robot POINT Kinguide Robotic-Assisted Surgical System. Point Robotics is a hand-held robot framework equipped with a parallel manipulator for orthopedic applications.
- Hence, the segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
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