Deamnd for Prepackaged Medical Kits and Trays Market to Surge at 8.5% CAGR Through 2030
Growth rate of the global healthcare industry has been around 7% in recent years, which is expected to increase to over 9% over the next five years. With a growing healthcare industry, including multi-specialty hospitals, clinics, and others, there has been an increase in the number of patients. This also means increased chances of acquiring hospital-associated infections while being treated. In order to minimize these health risks, requirement for disposable products such as prepackaged medical kits and trays, disposable gloves, patient gowns, sterile medical devices, and others is increasing rapidly.
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While the COVID-19 pandemic affected production across manufacturing units for a while, contrary to this, there has been surge in demand due to the rush of patients in clinics, ambulatory surgical centers, and others. This has fuelled the growth of the prepackaged medical kits and trays market, and is anticipated to drive the market further over the next few years.
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“Robust demand for disposable products from multi-specialty hospitals is bolstering the growth of the prepackaged medical kits and trays market. The global hospital services market is expanding at a rapid pace of over 8% since 2019, and is expected to reach over US$ 14 trillion in the next five years. This steady growth of a key end-user industry is projected to boost the market value of prepackaged medical kits and trays exponentially over the coming years,” says a Fact.MR analyst.
Surge in Demand from Multi-specialty Hospitals Fuelling Sales
A recent healthcare survey by NCSL (National Conference of Standard Laboratories) stated that, between 5 and 10 percent of all patients contract at least one hospital-acquired infection during their stay in acute care. High demand for prepackaged medical kits and trays from multi-specialty hospitals in order to minimize patients’ risks of infection is fuelling the growth of the prepackaged medical kits and trays market.
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The global medical disposable market size was estimated at US$ 248 billion in 2019, and is rising steadily to cross US$ 280 billion in 2020. As the healthcare industry, especially the multi-specialty hospital industry, is growing at a steady pace, demand for prepackaged medical kits and trays is skyrocketing. Increase in awareness among patients, doctors, medical staff, and others is further catering to market growth.
Some of the companies profiled in the prepackaged medical kits and trays market report are Medtronic Plc., The 3M Company, Boston Scientific Corporation, Smith & Nephew Plc., B. Braun Melsungen AG, Becton, Dickinson and Company, Hogy Medical Co. Ltd., Molnlycke Health Care AB, Cypress Medical Products, LLC, C.R. Brad, Inc., and Medline Industries Inc.
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