Prepackaged Medical Kits and Trays Market to Reach $14.4 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Prepackaged Medical Kits and Trays market is projected to attain value of $14.4 billion by 2010. While the industry is inclined to experience prosperous growth in certain high-value segments, such as ophthalmic custom trays, urology kits, open-heart surgery trays, and orthopedic kits & trays, other lesser value segments are also witnessing a favorable growth.
San Jose, CA (PRWEB) April 21, 2008 -- An aging population and growing infection control requirements constitute key growth drivers for prepackaged medical disposables including kits and trays. In addition to robust growth in standardized products, use of custom procedure trays is also witnessing an upward trend. Demand for general-use trays and kits is mounting primarily due to convenience, economical, infection control and disposability of these products. The market is flooded with vast range of products with customized packages for almost every type of invasive procedure.
United States, Japan, and Europe collectively account for over 80% of the global prepackaged kits and trays market, as stated in a recent report published by Global Industry Analysts, Inc. Procedure-specific disposable kits and trays are enjoying considerable growth, particularly in urology, general-use and blood gas kit and tray markets. The growth is mainly attributed to the increasing focus on infection control, economy (savings through less requirement for labor) as well as growing popularity of convenient-to-use products. The global urology kits market is estimated at US$792 million for 2008. Other major factors responsible for market growth include launch of safety devices in customized products.
In the United States, the need for streamlining of expenses is spurring healthcare institutions to opt for new ways of reducing expenditure. This has resulted in increasing use of disposable products and customized surgical trays by hospitals, nursing homes and other medical institutions. Higher use of disposable equipment allows hospitals to streamline their operating and inventory expenses, in addition to cutting down medical packaging waste. While laceration kits segment represents the largest market for 2008, Hysterectomy kits market in the United States is expected to grow at a compounded annual rate of 13% over the period 2001-2010.
In Europe France, Germany, Italy, United Kingdom collectively account for more than 60% of the market. laceration kits market in Europe is projected to reach $475 million by 2010. Fastest growth in the region is anticipated from ENT custom trays market, is projected to register a CAGR of 11.7% over the period 2001-2010.
Major players profiled in the report include Baxter International, Boston Scientific Corp, Cardinal Health, Covidien AG, C.R. Bard Inc., Ecolab Inc, Hogy Medical Co., Ltd., Medline Industries Inc., Medical Action Industries Inc., Precise-Pak Inc, and Teleflex Medical
The report titled "Prepackaged Medical Kits and Trays: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the market by 23 product categories for the period 2001-2015, while historic analytics provide an overview of the industry's performance in the past (1991-2000). The market is analyzed for the following geographical markets - United States, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America.
For more details of this research report please visit http://www.strategyr.com/Prepackaged_Medical_Kits_and_Trays_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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