Surgical Packs Market is driven by rising number of complex surgeries all over the world, and cost efficiency of the kits as compared to individual equipment
Taking into consideration the increasing number of surgical procedures, surgical packs containing a set of necessary surgical apparatus have greatly helped medical professionals. The surgical packs are the kits with various surgical interventions required by surgeons while performing surgeries.
Rising number of complex surgeries all over the world, and cost efficiency of the kits as compared to individual equipment are the major factors expected to boost the surgical packs market during the forecast period. However, the poor adoption rate of surgical packs in emerging economies of Asia Pacific, and lack of government support to set up medical facilities are likely to restrain the market growth of surgical packs by 2025.
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The global surgical packs market has been segmented on the basis of product type, application, and end user. Based on product type, the market has been divided into disposable and reusable packs.
The disposable packs segment dominated the market in 2016, which is attributed to the rising demand for sterile and disinfected equipment to avoid cross-contamination. Increasing awareness about maintaining a hygienic environment at healthcare facilities and rising demand for quick and accessible medical care facilities are the major factors anticipated to boost the disposable surgical packs market during 2017-2025.
Based on application, the global surgical packs market has been segmented into general endoscopy, cardiovascular, orthopedic, laparoscopy, urology, obstetrics, and others. The cardiovascular & urology segments held dominant market share in 2016, due to the rising incidences of cardiovascular disorders, and cost & time efficiency of the surgical packs.
However, laparoscopy segment is expected to witness the highest CAGR during the forecast period, owing to government participation in improvement of healthcare facilities in developing economies, and inclusion of all procedural accessories in the surgical packs.
Based on end user, the global surgical packs market is segmented into hospitals, clinics, academic institutes, and ambulatory surgical centers. Hospitals accounted for highest market share in 2016, which is attributed to the rising demand for disposable medical kits including all the required operative accessories by physicians.
The rising demand for sterile & disinfected surgical drapes and other equipment by physicians to ensure patient safety is a major factor expected to propel the market of surgical packs in hospitals during the forecast period.
Geographically, the global surgical packs market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America generated highest revenue in 2016, which is attributed to the introduction of disposable medical kits, and easy-to-use surgical instruments in a single bundle by manufacturers.
Cost effectiveness of the surgical packs, and high adoption rate of disposable surgical kits by physicians are driving the demand and need for surgical packs in Asia Pacific region at a remarkable CAGR. However, North America is expected to remain dominant during the forecast period in terms of revenue, due to rising investments by public and private players in the healthcare sector, and government participation to provide better healthcare facilities to patients in the U.S. and Canada.
The prominent players in the global surgical packs market are Surgeine Healthcare (I) Pvt. Ltd., Medline Industries, Inc., Halyard Worldwide, Inc., TNH Medical, SIDAPHARM UK, IMPULSE GLOBAL LTD, Mediblue Health Care Private Limited, Amaryllis Healthcare, Zhangjiagang Zhiyi Medical Health Products Co.,Ltd, and Stradis Healthcare, amongst others.
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