Rising Cost Pressures, Growing Volume of Surgeries & Need to Ensure Safe & Affordable Infection Control Drive the Prepackaged Medical Kits and Trays Market
Global Prepackaged Medical Kits and
Trays market is projected to reach US$37 billion by 2024, driven by rising cost pressures, growing
volume of surgeries and need to ensure safe and affordable infection control. Prepackaged
medical kits and trays helps ensure sterility of instruments and accessories
for procedures at low costs by reducing non-clinical workloads of clinical
hospital staff, thereby increasing productivity and profitability.
Prepackaged Medical
Kits and Trays refer to the set/collection of required tools, supplies and
accessories necessary to perform a specific medical task. Medical trays are
either wrapped or covered at the top. These form a highly valued part of
healthcare practice, as they facilitate improved efficiency and productivity
while performing a medical procedure or while providing patient care. These
kits and trays include all dedicated tools and elements specific to a procedure
at one place which ensures easy and quick access to required tools, and further
simplify the logistics process. These kits also reduce the risk of human error
during a procedure. As the tray or kit is pre-packaged, it saves the time of
medical staff for searching and assembling the required supplies from multiple
locations tools and reduces processing costs for outpatient and hospital
procedures. Common items included in these kits include gown, drapes, gloves,
surgical tubes, disinfecting swabs, needles and bandages. These kits range from
simple basin kits, dressing kits to complex Angioplasty and radiology kits.
Components of
prepackaged kits depend on the application for which they are designed. Growth
in the market is spurred by growing adoption of less-invasive surgical
procedures by healthcare practitioners and growth in medical procedures
conducted at outpatient surgery centers. Growing infection control requirements
and an aging population are the key growth drivers for prepackaged medical
disposables including kits and trays. In addition to moderate growth in
standardized products, use of custom procedure trays is also witnessing an
upward trend. Sterile custom procedure packs allow users to integrate
components as required and minimize assembly and storage costs. Procedure-specific disposable kits
and trays are enjoying
considerable growth, especially in the urology, general-use and blood gas kit
and tray markets, as a result of increasing focus on infection control, economy
(savings through less requirement of labor) as well as growing popularity of
convenient-to-use products. Other major factors responsible for market growth
include launching of safety devices in customized kits and trays. Healthcare
centers have always been priority customers for prepackaged kits and trays
industry.
Surgical procedures
are on a constant rise across the globe owing to growing incidence and prevalence
of chronic diseases, including cancer, osteoarthritis, and coronary heart
disease. A significant increase in the number of several common surgical
procedures including coronary artery obstruction removal, blood vessel procedures, hip replacement surgeries, knee replacement
surgeries is also expected in coming years. Emerging economies are experiencing
significant healthcare infrastructure development that is enabling patients
gain access to surgical intervention facilities. Consequently, demand for
disposable face masks, surgical gowns, drapes, gloves is following an upward
trajectory. Growing instances of surgical interventions is putting pressure on
healthcare personnel to treat a large group of patients. Time and productivity
are of critical importance to these medical professionals for effectively
addressing patient’s requirements. Consequently, hospitals are expected to
display a pronounced proclivity towards pre-packaged procedure trays and kits
as these enable time saving leading to a considerable increase in productivity
of hospitals.
As stated by the
new market research report on Prepackaged Medical Kits and Trays, the United States represents the largest
regional market worldwide, driven by the high penetration of advanced
procedures and an established system for reimbursements and payments. The US is
followed by Europe, and Asia-Pacific. However, Asia-Pacific region, driven by
fast growing markets such as China and India, is forecast to emerge as the
fastest growing market with a CAGR of 9.3% over the analysis period. Government
and private health organizations in these countries are constantly making
efforts towards providing individuals optimum health and care facilities.
Therefore, use of safe and hygiene instruments during medical producers such as
vaccination, surgery and other diagnostic procedures is also a major concern.
Moreover, with growing economy, disposable income as well as living standard of
people in these countries has also improved. Other markets with high growth
potential include the Latin America, and the Middle East & African regions.
ENT Custom Trays represent the largest as well as the fastest
growing segment, while I.V. Start Kits, Laceration Kits, Hysterectomy Kits, and Angiography/Angioplasty Kits are other segments that are forecast to offer above
average growth opportunities.
Major players in
the market include Angiokard Medizintechnik GmbH, B Braun Melsungen AG, Becton
Dickinson and Company, C.R. Bard, Inc., Boston Scientific Corporation, Cardinal
Health, Inc., Cypress Medical Products, LLC, Hogy Medical Co., Ltd., Kimal Plc,
Medical Action Industries, Inc., Medtronic Plc, Med-Italia Biomedica Srl,
Medline Industries, Inc., Mölnlycke Health Care AB, Rocialle Limited, Smith
& Nephew, Plc, and Teleflex Medical among others.
The research report titled "Prepackaged
Medical Kits and Trays Equipment - Market Analysis, Trends, and Forecasts " announced by Global Industry Analysts Inc., provides a comprehensive review of market
trends, growth drivers, innovations and launches, and strategic industry
activities various players. The report provides market estimates and
projections in in US$ Thousand for Prepackaged Medical Kits and Trays for major
geographic markets such as US, Japan, Europe (France, Germany, Italy, UK, Spain,
Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America, and Rest of World. By segment, the
report provides estimates for ENT Custom Trays, Ophthalmic Custom Trays, Custom
Basin Kits, Custom Ob/Gyn Kits, General Delivery Kits, Hysterectomy Kits, Open
Heart Surgery Kits, Angiography/Angioplasty Kits, Orthopedic Kits & Trays,
Anesthesia Kits, Blood Gas Kits, Urology Kits, Biopsy Kits, Enema Kits,
Laceration Kits, Suture Removal Kits, CVP/TPN Start Kits, I.V. Start Kits,
Dressing Kits, Admission Kits, and Other Kits.
Global Industry Analysts,
Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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