Demand for Prepackaged Medical Kits and Trays Grows amidst Hygiene Concerns: Fact.MR Study

The prepackaged medical kits and trays market is set to grow at 8.5% CAGR through 2030, as per Fact.MR's recent study. Rise of multi-specialty hospitals all over the world is a key factor for the ever-increasing need for prepackaged medical kits & trays all over the globe. Furthermore, the demand is high for disposable medical products, particularly with the onset of transmissible diseases for instance COVID-19.

"Increasing concerns in relation to HAI's together with increasing precautionary measures taken owing to the COVID-19 outbreak is likely to drive sales of prepackaged medical kits and trays. Moreover, increase in ENT, laparoscopy, along with other surgeries is further spurring the market expansion" says the Fact.MR report.

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Key Takeaways

US will hold largest share; however, manufacturing hubs in India, Malaysia, Indonesia, will be important from an export perspective
Laparoscopic trays is the most lucrative category, and is set to grow at 6% CAGR through 2030
Multi-specialty hospitals account for the highest demand, followed by clinics
Driving Factors

Increasing number of patients in clinics, multi-specialty hospitals, and others are boosting requirement for market growth.
Rising incidences of hospital-associated infections while being treated is encouraging demand for disposable prospects such as prepackaged medical kits & trays.
The market is witnessing a surge in demand owing to the rush of patients in clinics, ASCs, and others caused by COVID-19 outbreak.
Constraints

Increasing FDA recalls to pass the testing process of these kits and trays might negatively impact the market growth.
Rising pricing pressure due to expensive sterilization process can hinder the market growth.

Anticipated Market Impact by COVID-19 Outbreak

The prepackaged medical kits and trays market is positively impacted amid the COVID-19 outbreak due to increasing number of patients admitted in acute care has ensued in surging demand for pre-packaged medical kits & trays, since its play a vital role in minimizing infections risk. Although the outbreak has caused instabilities up to some level for market players, the market has high prospects to overcome these constraints and expand exponentially in the approaching years.

Competition Landscape

Key companies in the prepackaged medical kits and trays market are focusing on launching more diverse segments of products with better quality to sustain fierce competition.Key companies identified in the market are Medtronic Plc., Boston Scientific, Corporation, The 3M Company, B. Braun Melsungen AG, Smith & Nephew Plc., Hogy Medical Co. Ltd., Becton, Dickinson and Company, Cypress Medical Products, LLC, Molnlycke Health Care AB, Medline Industries Inc. and C.R. Brad, Inc.

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About Fact.MR

Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries.Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.

This release was published on openPR.