World - Global Prepackaged Medical Kits and Trays Market to Reach US$23.6 Billion by 2017

Global market for Prepackaged Medical Kits and Trays is projected to reach $23.6 billion by the year 2017. Growth in the market is primarily spurred by growing demand for infection control products, rise in number of less invasive procedures, and continuing pressure on hospitals to contain costs and improve productivity.

In addition, standardization of custom medical trays and increasing privatization of healthcare facilities in the developing world is expected to further drive growth in the market.

Growing infection control requirements and an aging population are the key growth drivers fueling the demand 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.

Sterile custom procedure packs allow users to integrate components as required and minimize assembly and storage costs. 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.

Currently, against the backdrop of challenging economic environment, increasing raw material costs, and budgetary constraints of hospitals, manufacturers of custom procedure trays are continually reviewing pricing strategies to maintain gross margins. These include minimization of product sourcing costs, control on operating expenses, and removal of non-essential components from procedure trays.

Companies are further focusing on efficient management of supply chain to lower costs and tighten inventory control. The volatile economic conditions in recent years adversely affected hospital utilization rates, putting a greater pressure on budgetary spending.

Besides the resultant squeeze in hospital budgets, increase in raw material prices further affected the revenues and gross margins of prepackaged medical tray manufacturers. As part of strategy to remain competitive and maintain profitability, manufacturers are focusing efforts on product improvements, product line expansions, maximum utilization of existing facilities, and investment in efficient sales and distribution network.

As stated by the new market research report on Prepackaged Medical Kits and Trays, the US continues to remain the largest regional market. Asia-Pacific represents the fastest growing market. Over the past decade, developing nations have gained substantial affluence and economic stabilization.

With government and private health organizations in these countries emphasizing efforts on provision of improved healthcare, opportunities for prepackaged medical kits and trays is expected to remain significant. Segment wise, ENT Custom Trays, Laceration Kits, Open Heart Surgery Trays, and Angiography/Angioplasty Trays constitute the leading product segments.

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 as well as growing popularity of convenient-to-use products. Moreover, the increasing percentage of aging population worldwide is also supporting growth in the market.

Key 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., 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 comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide.

The report provides market estimates and projections (US$ Million) for the years 2009 through 2017 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.

For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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