Global Prepackaged Medical Kits and Trays Market to Reach $36.3 Billion by 2026

Prepackaged Medical Kits and Trays refer to the set/collection of required tools, supplies and accessories necessary to perform a specific medical task. Common items included in these kits include gown, drapes, gloves, surgical tubes, disinfecting swabs, needles and bandages. These kits range from simple basin kits, dressing kits to complex Angioplasty and radiology kits. Due to development of complicated surgical and medical procedures, there is growing preference for customized kits and trays. Amid the COVID-19 crisis, the global market for Prepackaged Medical Kits and Trays estimated at US$24.3 Billion in the year 2020, is projected to reach a revised size of US$36.3 Billion by 2026, growing at a CAGR of 7.1% over the analysis period. ENT Custom Trays, one of the segments analyzed in the report, is projected to grow at a 9.6% CAGR to reach US$7.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Laceration Kits segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 14.4% share of the global Prepackaged Medical Kits and Trays market.

The U.S. Market is Estimated at $9.9 Billion in 2021, While China is Forecast to Reach $3 Billion by 2026

The Prepackaged Medical Kits and Trays market in the U.S. is estimated at US$9.9 Billion in the year 2021. The country currently accounts for a 39.21% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3 Billion in the year 2026 trailing a CAGR of 8.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.5% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR while Rest of European market (as defined in the study) will reach US$3.3 Billion by the close of the analysis period.

In these regional markets, 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 (savings through less requirement of labor) as well as growing popularity of convenient-to-use products. Another major factor responsible for market growth is the launch of safety devices in customized kits and trays. Demand for prepackaged, procedure-specific disposable products is also spurred by increasing need to reduce wastage, risk of communicable disease and the enforcement of stringent regulations for reducing blood borne infections.

IV Start Kits Segment to Reach $4.7 Billion by 2026

I.V. start kits comprise supplies required for starting an I.V. drip. The kits normally include gauze sponge, prep pads, latex-free tourniquet, dressing, and tape. In the global IV Start Kits segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$4.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$280.8 Million by the year 2026.