Prepackaged Medical Kits and Trays for Saline Prefilled Syringes Market to Reach US$  3,634.8 Mn at CAGR of 6.4% in 2027

The Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market was valued at US$ 2,096.6 million in 2018 and it is projected to reach US$ 3,634.8 million by 2027; it is expected to grow at a CAGR of 6.4% from 2019 to 2027.

A pre-packaged kits and trays are set of medical devices or instruments which are made up of disposable materials and are used in wide range of surgical procedures. The pre-packaged kits and trays are sterile in nature and hence are being preferred on a large scale majorly in specialty hospitals, clinics, and ambulatory surgical centers. These trays are designed with an intention to suffice the individual needs of the hospital as per the requirements of the surgical procedure. The growth of the Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market is attributed to the increase in usage of prefilled syringes, and introduction of rules and regulations to implement better healthcare facilities. However, increased concerns over the safe disposal of procedure trays are likely to act as restraining factors for the market.

The Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.

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Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market: Strategic Insights

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Market Insights

Growing Applications of Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in Healthcare to Drive Prepackaged Medical Kits and Trays for Saline Prefilled

Syringes in Healthcare Market Growth

In recent years, there has been a considerable development in the field of medical kits and trays. The growth of surgical procedures has increased the demand of surgical instruments. Pre-packaged kits and trays is advantageous as these kits offers clinicians to use sterile, surgical consumables in a pre-configured package. This helps to save a considerable amount of time during surgical procedures and in the preparations for an operation. The pre-packaged kits allow to negate the need for stock individual components in bulk quantities and thus helps in planning better investment management. The time saved with these managed equipment helps to optimize and better utilize it in surgical and medical analysis of the procedures. There is a reduction in the number of activities required to get the right products to the right place on time.

The fact that custom pre-packaged medical kits and trays are supplied just in time means that the hospital can simplify its logistics and control its costs. Optimizing these kits and trays creates numerous benefits for both surgery centers and their patients by reducing the variation that causes waste and inefficiency, while also improving clinician workflow and patient throughput. For a surgery center which performs approximately 5,000 procedures a year, just $50 of waste per case can equal $250,000 annually. Moreover, according to a report by CPT Medical, medical institutions that have switched to the use of pre-packaged medical kits and trays are found to increase their daily operations by 30-40%. Thus to support quality outcomes while reducing waste, controlling costs and improving workflows, surgical centers should focus on optimizing custom procedure trays. The benefits offered by pre-packaged medical kits and trays is anticipated to increase its demand in the forecast period.

Healthcare systems persuades millions of pre-filled flushed syringes to be used in hospitals, clinics and other facilities. The reason for shift from normal syringes to pre-filled syringes is due to the advantages offered by these syringes that include reduction in occlusion, extravasation, and reduction in complications as well as lowering the risk for needle stick infection and catheter-related bloodstream infections. Moreover, unlike medical devices, the pre-filled syringes have a less rigorous process for seeking approvals from regulatory bodies such as FDA. Thus, the medical device manufacturers get easy approvals for these pre-filled syringes thereby bringing more of these products into the market.

In addition, pre-filled saline syringes present in pre-packaged medical kits and trays offer greater patient safety by reducing the chances of needle-related injuries as well as exposure of the needle tips to toxic products that can occur while drawing medication from vials. Moreover, the pre-filled saline syringes present in pre-packaged medical kits and trays are available and can be customized in variety of volumes to suit the demand of the user ranging from 0.25 mL to 5 mL. Thus, owing to the benefits offered by prefilled syringes, the market is likely to grow over the coming years.

Introduction of various rules and regulations in the past few years have led to implement better facilities, inventories and efficient practices to offer improved and better procedure and several healthcare services. For instance, in 2006, the U.S. implemented the Health Act, which makes it mandatory for health care institutions to implement certain practices to prevent and control infections associated with treatments.

Furthermore, laws encouraging the prevention and reduction of healthcare-associated infections (HAIs), infections acquired during the course of receiving treatment for other health conditions, have emerged and expanded in states since 2004. The Patient Protection and Affordable Care Act (PPACA) of 2010 has specific patient protection provisions aimed at reducing HAIs throughout acute-care hospitals. The new law has financial penalties for hospitals with the highest rates of HAIs. Medicaid is prohibiting payments to hospitals for specific HAIs. Second, the new law requires mandatory public reporting of HAI rates for all hospitals. This has made the usage of custom procedure trays and other health care related equipment imperative in medical practices. These regulations further ensure increased emphasis on measures to control infections, thereby directly promoting the use of customized medical kits and trays to negate the chances of any form of infection.

Product Type-Based Insights

In terms of product type, the Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market is segmented into hemodialysis kits, open heart surgery kits, angiography/angioplasty/catheterization kits, orthopedic kits and trays, iv kits, custom ob/gyn kits, others. In 2018, the IV kits segment held a largest market share of 40.0% of the pre-packaged medical kits and trays for saline prefilled syringes market, by product type.

End User-Based Insights

In terms of end user, the Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market is segmented into multi-specialty hospitals, clinics, stand-alone laboratories, ambulatory surgical centers, academic research institutes, others. In 2018, the multi-specialty hospitals held a largest market share of 45.1% of the pre-packaged medical kits and trays for saline prefilled syringes market, by end user.

The Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in healthcare market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.

 

Prepackaged Medical Kits and Trays for Saline Prefilled Syringes Market Report Scope

Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market Regional Insights

The regional trends and factors influencing the Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Pre-packaged Medical Kits And Trays for Saline Prefilled Syringes Market are:

1. Medline Industries, Inc.
2. Hogy Medical
3. Cardinal Health
4. Smith & Nephew Plc
5. Medtronic (Covidien Plc)

Disclaimer: The companies listed above are not ranked in any particular order.

 

Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in Healthcare Market – by Product Type

• Hemodialysis Kits
• Open Heart Surgery Kits
• Angiography/Angioplasty/Catheterization Kits
• Orthopedic Kits and Trays
• IV Kits
• Custom Ob/Gyn Kits
• Others

Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in Healthcare Market – by End User

• Multi-Specialty Hospitals
• Clinics
• Ambulatory Surgical Centers

Prepackaged Medical Kits and Trays for Saline Prefilled Syringes in Healthcare Market – by Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America and Central America (SCAM)

  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Medline Industries, Inc.
• Hogy Medical
• Cardinal Health
• Smith & Nephew Plc
• Medtronic (Covidien Plc)
• Teleflex Incorporated
• Mölnlycke Health Care AB
• BD
• B. Braun Melsungen AG
• Boston Scientific Corporation