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A new report from Global Industry Analysts, Inc. indicates that the market for prepackaged medical kits and trays has been flooded with a vast range of products with customized packages for almost every type of invasive procedure. The report says that while the industry is inclined to experience significant growth in certain high-value segments, such as ophthalmic custom trays, urology kits, open-heart surgery trays, and orthopedic kits and trays, other lesser value segments are also witnessing a favorable growth.
A characteristic feature of the industry is that it continues to adapt to rapid changes in the medical field, designing new trays almost as soon as new techniques are developed. In addition to robust 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.
The United States and Europe account for a major share of the global market, as stated by the new market research report on "Prepackaged Medical Kits and Trays." An aging baby boomer segment and the rising health awareness levels are key growth drivers for the medical kits industry in the United States. Asia-Pacific, with a CAGR of 8.9 percentÂ during the analysis period, represents the fastest growing market. Sustained economic growth and increased emphasis on improving healthcare services is driving the demand for medical instruments and disposables, including medical kits and trays, in Asia-Pacific region, with the populous countries India and China generating a vast proportion of the total sales.
ENT Custom Trays constitutes the largest and the fastest growing category in the global prepackaged medical kits and trays market. The demand for general-use trays and kits, such as trays and kits required for I.V. start, total parenteral nutrition/central venous pressure dressings, scrub and prep, enema, suture removal and lacerations, continues to mount, owing to convenience, infection control, easy disposability and economical attributes of these products. Sales of laceration kits in the United States are forecast to surpass US$1 billion in the next few years. Urology trays and kits for this market are primarily used for preventing infection. With urological products being used primarily among older people, an aging population represents a major driving factor for the segment.
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 for labor) as well as growing popularity of convenient-to-use products. The launch of safety devices in customized products and an aging global population also contribute to market growth. Demand for prepackaged, procedure-specific disposable products is also spurred by increasing needs to reduce wastage, risk of communicable disease and the enforcement of stringent regulations, for hampering infections from bloodborne pathogens.
Key players profiled in the report include Baxter International, Boston Scientific Corp., Cardinal Health, CareFusion Corp., Covidien AG, C.R. Bard Inc., Ecolab Inc., Hogy Medical Co., Ltd., Medical Action Industries Inc., Medline Industries Inc., Precise-Pak Inc., Smith & Nephew Plc, and Teleflex Medical.
The research report titled "Prepackaged Medical Kits and Trays: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a strategic review of the industry, key market trends, recent product launches, strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for the years 2007 through 2015, and 2000 to 2006 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key product segments analyzed ENT Custom Trays, Ophthalmic Custom Trays, Custom or Basin Kits, Custom Ob/Gyn, General Delivery Kits, Hysterectomy Kits, Open Heart Surgery, Angiography/Angioplasty, Orthopedic Kits & Trays, Radiology Kits, 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, Enteral Feeding Kits, and Other Kits.