Prepackaged Medical Kits and Trays Market to Surpass US$ 60 Billion by 2033; Demand to Surge at 8.3% CAGR - Reports Fact.MR
Prepackaged Medical Kits and Trays Manufacturers to Capitalize on Surging Demand from Multispecialty Hospitals
Rockville, Feb. 02, 2023 (GLOBE NEWSWIRE) -- The global prepackaged medical kits and trays market is estimated to reach US$ 27 billion in 2023. Sales are expected to surge at 8.3% CAGR between 2023 and 2033, surpassing a valuation of US$ 60 billion in 2033.
Increasing prevalence of chronic diseases has made the better medical care and improved health outcomes necessary. The use of prepackaged medical kits and trays in the treatment of these chronic diseases provides cost-effective and efficient solutions.
These medical kits and trays are designed to enable easy access to medical supplies to treat a variety of illnesses and conditions. They also facilitate quick and easy preparation and delivery of medicines, which reduces hospital stay time and minimizes medical costs.
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North America is estimated to spearhead the demand for prepackaged medical kits in market, accounting for 40% of share.
The United States is accounted for a sizeable market share in the global prepackaged medical kits and trays market.
Germany is poised to hold a significant share in the global prepackaged medical kits and trays market from 2023 to 2033.
Based on product, the laparoscopic trays segment is poised to account for a 60% share in the global market.
Based on end user, multispecialty hospitals are predicted to account for a substantial share in the global market.
Government initiatives and schemes are set to provide lucrative opportunities for the expansion of the market for prepackaged medical kits and trays.
Rise in surgery hospital globally is likely to boost the demand for prepackaged medical kits and trays.
Increasing use of minimally invasive surgical techniques by healthcare professionals and the rise in outpatient surgeries are also slated to spur market acceleration.
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To retain their market position and their place among the top competitors, prominent market companies are engaging in merger and acquisitions operations. Companies are trying to maintain their lead by tailoring their products to the needs of their customers.
In January 2020, a new portfolio of polyvinyl chloride (PVC) tracheostomy tubes was added to Smiths Medical's family of tracheostomy tubes, a well-known maker of medical devices worldwide. A tube should be selected when treating a patient who has a tracheostomy to best match the patient's distinct clinical needs. There are alternatives for a range of patients using the new tracheostomy tubes.
In April 2022, the ReSolve® Thoracostomy Tray was introduced by Merit Medical Systems, Inc., a well-known manufacturer and marketer of healthcare technology on a global scale. The new tray has everything needed to perform a thoracostomy, a minimally invasive surgery that lets patients avoid having to have their chests opened up for a chest drain to remove fluids or air.
Key Companies Profiled by Fact.MR
Rocialle Healthcare Ltd.
Crypress Medical Products, LLC
Smith & Nephew Plc.
Cardinal Health, Inc.
Medical Action Industries, Inc.
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More Valuable Insights on Prepackaged Medical Kits and Trays Market
In the latest study, Fact.MR offers a detailed study on global prepackaged medical kits and trays market for the forecast period of 2023 to 2033. This study also highlights key drivers promoting the sales of prepackaged medical kits and trays through detailed segmentation as follows:
Suture Removal Kits
By End User:
Ambulatory Surgical centers
Academic Research Institutes
Middle East and Africa
Key Questions Covered in the Prepackaged Medical Kits and Trays Market Report
What is the projected value of the prepackaged medical kits and trays market in 2023?
At what rate will the global prepackaged medical kits and trays market grow until 2033?
Which are the factors hampering the growth in the prepackaged medical kits and trays market?
Which region is expected to lead in the global prepackaged medical kits and trays market during 2023 to 2033?
Which are the factors driving the prepackaged medical kits and trays market during the forecast period?
What is the expected market value of the prepackaged medical kits and trays market during the forecast period?
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