Surgical Pack Market Size, Share, Growth, and Industry Analysis, By Type (General Surgical Packs, Urology Surgery Surgical Packs, Orthopedics Surgical Packs, Obstetrics and Gynecology Surgical Packs, & Others), By Downstream Industry (Hospitals, Ambulatory Surgery Centers, & Academic Medical Centers) and Regional Forecast to 2032

Updated On: 02 September 2024

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SURGICAL PACK MARKET REPORT OVERVIEW

The global Surgical Pack Market Size was USD 76.91 million in 2023 and the market is projected to touch USD 102.64 million by 2032, exhibiting a CAGR of 2.93% during the forecast period.

A surgical pack is a combination of medical related products. They are packaged together with the purpose of being used for a specific medical purpose. It contains all disposable medical items required for a major or minor surgical intervention in a pre-packaged set. They include at least 90 percent of the single-use products that are required for a particular practice. Increase efficiency in the operating room with the kits. The bundling of medical disposable required for particular procedures, supplied in a sterile package, usually on some form of tray. These medical devices typically include drapes and growth, swabs and others.

Rising number of surgeries across the world is propelling demand for surgical kits and boosting the market growth. Growing rate of aging people are providing avenues to market players to grow their market existence.

COVID-19 Impact: Market Growth Hindered by Pandemic due to Postponement of Surgeries

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID-19 pandemic had exaggerated overall markets. Lockdown and supply chain disruption has inhibited transportation systems, manufacturing units, and other operation sectors. Disruption in transportation and distribution of kits were also affected because of shortage of raw material. Furthermore, there was a temporary shutdown of non-essential clinics which considerably declined demand for treatment due to the postponement of many operational suites. On the other hand, there was an adoption of an online platform for providing consultations and education. Utilization of e-commerce platforms encouraged product supply and its marketing.

LATEST TRENDS

"Shifting towards Single-use Products Impelling Market Growth"

Current trend in the market that is propelling the market growth is the shifting requirement towards single-use products by the customers. This shifting is because of the need for commercial infection prevention dealings. Hospitals and healthcare facilities are highly adopting disposable packs to reduce the threat of surgical site infections and better the patient outcomes.  Additionally, increasing focus on patient safety and regulatory compliance is fueling the market growth. Healthcare organizations are increasingly investing in high-quality disposable products that meet strict regulatory standards to ensure patient safety and reduce the risk of postoperative complications

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SURGICAL PACK MARKET SEGMENTATION

By Type

Based on type the market can be categorized into general surgical packs, urology surgery surgical packs, orthopedics surgical packs, obstetrics and gynecology surgical packs, & others.

• General Surgical Packs: These kits are composed of all essential items which are widely used for various general procedures.
• Urology Surgery Surgical Packs: This type of kit is designed for procedures related to the urinary system for performing urological surgeries.
• Orthopedics Surgical Packs: This kit can afford orthopedic operation treatment and it particularly focuses on musculoskeletal conditions.
• Obstetrics and Gynecology Surgical Packs: They are modified for gynecology and obstetrics treatments.
• Others: There are other specialized packs created for various surgical specialties to allow an efficient operating environment.

By Downstream Industry

Based on downstream industry the market can be categorized into hospitals, ambulatory surgery centers, & academic medical centers.

• Hospitals: This application segment is dominating the market because of the high number of surgical procedures that depend on these kits for ensuring a safe and efficient surgical environment.
• Ambulatory Surgery Centers: These types of centers are using the kit for fulfilling their surgical needs and perform same-day surgeries.
• Academic Medical Centers: They use the kit for teaching and research purposes due to its convenience and cost-effectiveness.

DRIVING FACTORS

"Rising Rate of Cardiovascular Disorders Propelling Market Growth"

The major attribute for the surgical pack market growth due to the increasing incidence of cardiovascular disorders is fueling the market growth. Increasing rate of this disorder has raised demand for the tool which is encouraging market growth. The rising elderly populations and detrimental lifestyle adaptation promote increase the incidence of cardiovascular disorders and hence fueling demand for the products significantly. Additionally, there is an increase in demand for non-compulsory cosmetic and reconstructive surgeries. This demographic shift has pushed for a higher volume of surgical procedures and consequently boosting the market enlargement.

"Increasing Recognition of Minimally-Invasive Surgeries Encouraging Market Growth"

Another growing factor for escalating market growth is the growing fame of minimally invasive surgeries encouraging the market progress. Minimally-invasive surgeries have witnessed a substantial rise in popularity due to their faster recovery time and less risk associated with these kits. Due to the preference of patients’ increases towards minimally invasive operation suites is raising demand for these tool kits significantly. Furthermore, developing markets and emerging countries are extensively investing in healthcare infrastructure including establishment of new hospitals, clinics, and healthcare centers. This expansion heightens a significant demand for equipment to supply these facilities with the necessary tools and instruments.

RESTRAINING FACTOR

"Risk of Infections during Surgery Impeding Market growth"

The limiting factor for the market expansion is the concern regarding risk associated with the tools during surgery. These tools must be carefully cleaned, sterilized, and maintained to prevent infections. Any drift in infection control may result in severe consequences for patients. The legal liabilities for healthcare facilities and damage to the reputation of product manufacturers are hindering market expansion. Moreover, the equipment is subjected to stringent regulatory standards and quality assurance requirements are creating barriers to entry for new manufacturers and discouraging product innovation and restrain the market expansion.

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SURGICAL PACK MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to the Incidence of Diseases"

The North America region is dominating the surgical pack market share due to increasing incidence of various diseases in the region. The existence of urbanized healthcare infrastructure and increasing popularity of minimally invasive operational suites are fueling the overall market growth in the region. Europe is holding the second position in terms of market share because of the growing geriatric population and increasing focus on health. Rising healthcare expenses on improving the facilities are propelling the market progress. The Asia Pacific is witnessing considerable development in the market because of the increasing seriousness towards health. Increasing investments in healthcare for infrastructure development and increasing disposable income of the population are supporting the market growth.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Asset Appraisal Service Landscape through Implementation of Advanced Technology and Business Strategies"

Many prominent industry players are operating in this market focused on launching new products with advanced technologies to simplify complex surgeries by integrating advanced technologies to be in the market. However, there are many companies in the market that use some techniques such as merger, acquisitions, partnership and using new advanced technologies for producing and developing new products and stay ahead in the market.

List of Market Players Profiled

• Essity (Sweden)
• Cardinal Health (U.S.)
• Molnlycke (Sweden)
• Medline (U.S.)
• Lovell Surgical (Australia)
• Multigate (UAE)
• Owens & Minor (U.S.)
• Novartis (Alcon) (Switzerland)
• Lohmann & Rauscher (Germany)
• Defries (Australia)

INDUSTRIAL DEVELOPMENT

April 2024: MOLLI Surgical unveils OncoPen. It is a new minimally invasive tool enhancing precision and confidence in breast cancer surgeries. Designed to empower surgeons and improve patient outcomes, OncoPen integrates seamlessly with the award-winning MOLLI 2 System. This sleek, pen-like wand offers sophisticated tools for precisely targeting and removing cancerous lesions, pushing the boundaries of surgical care.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global asset appraisal service market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.