According to a new market research study titled ‘Pre-Packaged Medical Kits and Trays for Saline Pre-Filled Syringes Market – Global Analysis and Forecasts by Product Type, and End User. The global pre-packaged medical kits and trays for saline pre-filled syringes market is expected to reach US$ 3,634.8 Mn in 2027 from US$ 2,096.6 Mn in 2018. The market is estimated to grow with a CAGR of 6.4% from 2019-2027. The report highlights the trends prevalent in the global pre-packaged medical kits and trays for saline pre-filled syringes market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to benefits offered by customized pre-packaged medical kits and trays, an increase in usage of pre-filled syringes, and the introduction of rules and regulations to implement better healthcare facilities.
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Healthcare systems persuade millions of pre-filled flushed syringes to be used in hospitals, clinics, and other facilities. The reason for the shift from normal syringes to pre-filled syringes is due to the advantages offered by these syringes that include a reduction in occlusion, extravasation, and reduction in complications as well as lowering the risk for needle stick infection and catheter-related bloodstream infections. Moreover, unlike medical devices, the pre-filled syringes have a less rigorous process for seeking approvals from regulatory bodies such as the FDA. Thus, the medical device manufacturers get easy approvals for these pre-filled syringes, thereby bringing more of these products into the market. In addition, pre-filled saline syringes present in pre-packaged medical kits and trays offer greater patient safety by reducing the chances of needle-related injuries as well as exposure of the needle tips to toxic products that can occur while drawing medication from vials. Thus, owing to the benefits offered by pre-filled syringes, the market is likely to grow over the coming years.
Leading Companies Overview-
- Medline Industries, Inc.
- Hogy Medical
- Cardinal Health
- Smith & Nephew Plc
- Medtronic (Covidien Plc)
- Teleflex Incorporated
- Mölnlycke Health Care AB
- Braun Melsungen AG
- Boston Scientific Corporation
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The IV kits segment expected to be the fastest growing segment, by product type and obtained a market share of 40% in 2018 for pre-packaged medical kits and trays for saline prefilled syringes market. As the intravenous (IV) therapy is most common therapy, IV kits segment is anticipated to witness the fastest growth rate of 7.1% during the forecast period, 2019 to 2027.
The report segments the global pre-packaged medical kits and trays for saline prefilled syringes market as follows:
Global Pre-packaged Medical Kits and Trays for Saline Prefilled Syringes Market – By Product Type
- Hemodialysis Kits
- Open Heart Surgery Kits
- Angiography/Angioplasty/Catheterization Kits
- Orthopedic Kits and Trays
- IV Kits
- Custom Ob/Gyn Kits
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