Europe Custom Procedure Kits Market Estimated At USD 3.2 Billion By 2028


 San Francisco, 28 Jan 2022: The Report Europe Custom Procedure Kits Market Size, Share & Trends Analysis Report By Product (Disposable, Reusable), By Procedure (Orthopedic, Thoracic), By End-use (ASCs, Clinics, Hospitals), By Country, And Segment Forecasts, 2021 - 2028

The Europe custom procedure kits market size is expected to reach USD 3.2 billion by 2028, registering a CAGR of 12.8% over the forecast period, according to a new report by Grand View Research, Inc. This is due to an increase in the number of surgeries performed, reduction in procurement costs & time along with regulatory reforms regarding custom procedure kits. The low cost of healthcare in Europe as compared to the U.S. is boosting the market growth. For instance, on average, a typical angioplasty surgery costs USD 32,200 in the U.S. while it costs USD 6,400 in the Netherlands and USD 7,400 in Switzerland. The cost of regular heart bypass surgery in the U.S. is USD 46,547, however, in France, it is USD 22,844. In addition, hip replacement surgery costs an average of USD 25,061 (up to USD 87,987) in the U. S. and USD 10,927 in France.

As healthcare systems around the world struggled to cope with the first wave of COVID-19, many countries decided to cancel all non-emergency surgeries to free up resources and treat COVID-19 patients. In Europe, the largest weekly decrease of patient visits amid the first wave occurred in ophthalmic surgeries, which was 97%, in orthopedic procedures the patient visits declined by 89%, and in pain procedures by 88%. The decline in wave was improved to 51% for ophthalmic procedures, 68% for pain procedures, and 49% for orthopedic procedures. Elective procedures performed are increasing in the EU region, but still lower than pre-pandemic standards.

Access Research Report of Europe Custom Procedure Kits Market @ https://www.grandviewresearch.com/industry-analysis/europe-custom-procedure-kits-market-report

Europe Custom Procedure Kits Market Report Highlights

  • The disposable product segment dominated the market with the largest revenue share of the global market in 2020
  • The segment is expected to grow further at a steady CAGR from 2021 to 2028 due to cost-effectiveness and other benefits, such as the reduced risk of infection, offered by disposable products
  • The orthopedic procedure segment led the global market accounting for the maximum revenue share in 2020
  • The segment growth is credited to the rising cases of osteoporosis and growth in the geriatric population, which is more susceptible to joint problems
  • The hospital end-use segment held the largest market share of over 47 % in 2020 due to a large number of surgeries being performed in hospital settings
  • On the other hand, the Ambulatory Surgery Centers (ASCs) segment is anticipated to register the fastest CAGR over the forecast period
  • The growing burden of diseases and growing geriatric population are the key factors driving the growth of the ASCs segment

List of Key Players of Europe Custom Procedure Kits Market

  • Mölnlycke Health Care
  • Medline Industries, Inc.
  • Medtronic
  • Cardinal Health
  • Teleflex Incorporated
  • Owens & Minor, Inc.
  • McKesson Corp.
  • Smith’s Medical
  • Ethicon
  • DePuy Synthes
  • Santex S.p.A
  • One Med
  • Medica Europe BV

Access Press Release of Europe Custom Procedure Kits Market @ https://www.grandviewresearch.com/press-release/europe-custom-procedure-kits-market-analysis

 

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Latin America Nutrition & Dietary Supplements Market Expected To Grow At A CAGR 8.8% For The Forecast Period From 2017 To 2025 : Grand View Research Inc.

San Francisco, 20 May 2019:  The Report  Latin America Nutrition & Dietary Supplements Market  Size, Share & Trends Analysis Report By Formulation, By Function (Medical Foods, Sports Nutrition), By Consumer, By Country, And Segment Forecasts, 2018 – 2025 The Latin America Nutrition & Dietary Supplements Market size is expected to reach USD 47.5 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.8% over the forecast period. Growing expenditure on nutrition and dietary supplements, disposable income, and consumer awareness are some of the key market drivers. Changing regulatory framework to ensure drug safety in Latin American countries such as Mexico and Argentina is also expected to positively impact market growth in the forthcoming years. Growing demand for nutrition and dietary supplements among geriatric population is also one of the considerable market drivers. Nutrition plays a vital role in maintain
Read more

Biomaterials Market Size Poised To Reach USD 348.4 Billion By 2027

Image
  San Francisco, 15 Dec 2020:   The Report  Biomaterials Market  Size, Share & Trends Analysis Report By Product (Natural, Metallic, Polymer), By Application (Cardiovascular, Orthopedics, Plastic Surgery), By Region, And Segment Forecasts, 2020 - 2027 The global biomaterials market size is expected to reach USD 348.4 billion by 2027, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. The application of biomaterials represents a fast-growing field in biomedical research. Recent advances in the improvement of bioactivity, compatibility, and mechanical properties of biomaterials have introduced new opportunities for their application in tissue engineering, immune engineering, and drug delivery systems. Biocompatibility, low toxicity, and renewable nature of polymeric biomaterials make them potent drug delivery agents in controlled and targeted drug delivery, thus providing lucrative opportunities for the market growth. The adve
Read more