According to The Insight Partners market research study, “Prepackaged Medical Kits and Trays for Pre-filled Saline Syringes Market – Global Analysis and Forecasts by Product Type and End User,” the global market for Pre-packaged Medical Kits and Trays for Pre-filled Saline Syringes is expected to be US $ 3,634.8 million in 2027, up from US $ 2,096.6 million in 2018. The market is expected to grow at a CAGR of 6.4% from 2019 to 2027. The report highlights the trends prevalent in the global Pre-Packaged Medical Kits and Trays for Pre-Filled Saline Syringes market and the factors driving the market as well as those deterring its growth.
The prepackaged saline pre-filled syringe medical kits and trays are divided into Hemodialysis Kits, Open Heart Surgery Kits, Angiography / Angioplasty / Catheterization Kits, Orthopedic Kits and Trays, IV Kits, Custom Ob / Gyn Kits and by Product Type other divided. In 2018, the IV Kits segment, by product type, had the largest market share of 40.0% in prepackaged medical kits and trays for the pre-filled saline syringe market. The IV kits segment is expected to dominate its market share in 2027 as it is the most widely used procedure in hospitals, clinics and other healthcare facilities. Hospitals, clinics, and other health care facilities use infusion tubes, bags, and needles on a daily basis to provide patients with fluids or medication in the patient’s bloodstream. Hence, IV kits are very widely used in all healthcare facilities. Therefore, the IV Kits segment is expected to see the fastest growth rate of 7.1% over the forecast period 2019-2027.
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Key factors influencing the market were custom made pre-packaged medical kits and trays, the increasing use of pre-filled syringes, and the introduction of rules and regulations to implement better healthcare facilities. However, increasing concerns about the safe disposal of prepackaged medical kits and trays are likely to act as limiting factors in the marketplace.
Some of the leading companies in prepackaged medical kits and trays for the Pre-Filled Saline Syringes market include Medline Industries, Inc., Hogy Medical, Cardinal Health, Smith & Nephew Plc, Medtronic (Covidien Plc), Teleflex Incorporated, and Mölnlycke Health Care Among others AB, BD, B. Braun Melsungen AG and Boston Scientific Corporation. Market participants focus on doing mergers and acquisitions to maintain their position in the market. For example, BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical device company, announced in January 2019 that it had completed the acquisition of CR Bard, Inc. (NYSE: BCR) and was creating a new healthcare industry leader with annual sales of approximately $ 16 billion. CR Bard, Inc. offers urology trays, suprapubic trays, bandage trays, and others. This expands BD’s product portfolio. In addition, Swedish medical solutions company Mölnlycke Health Care announced (December 6, 2016) a licensing agreement with Texas-based biomedical research and development company Rochal Industries, which has expertise in biomedical materials and devices. The developments of the companies contribute to the fact that the market grows in the coming years.
Medline Industries, Inc.
Smith & Nephew Plc
Medtronic (Covidien Plc)
Mölnlycke Health Care AB
B. Braun Melsungen AG
Boston Scientific Corporation
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Companies such as Medline Industries and Mölnlycke Health Care have implemented various strategies that have helped the company grow and in turn have brought about various changes in the market. For example, in June 2019 Medline Industries, Inc. completed the acquisition of the NAMIC brand for fluid management systems from AngioDynamics, which manufactures injection molded components and assembles custom kits for global business.
PROCEDURES – MARKET SEGMENTATION
Global Prepackaged Medical Kits and Trays Market for Pre-filled Syringes With Saline Solution Market – By Product Type
Open heart surgery kits
Angiography / angioplasty / catheterization kits,
Orthopedic kits and trays
Custom Ob / Gyn Kits
Global Prepackaged Medical Kits and Trays Market for Pre-filled Saline Syringes Market – By End User
Outpatient surgical centers
Global Prepackaged Medical Kits and Trays Market for Pre-filled Saline Syringes Market – By Geography
Asia Pacific (APAC)
In the event that
Middle East and Africa (MEA)
South and Central America (SCAM)
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