The minor procedure kits and trays global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Minor Procedure Kits And Trays Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The minor procedure kits and trays market size has grown rapidly in recent years. It will grow from $6.33 billion in 2023 to $7.03 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to increasing demand for outpatient surgeries, growing ambulatory surgical centers, rising awareness of infection control, government regulations and standards, and the aging population.
The minor procedure kits and trays market size is expected to see rapid growth in the next few years. It will grow to $10.72 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to rising healthcare expenditure, increasing outpatient surgeries, infection control awareness, hospital demand for cost-efficiency, and growth in ambulatory surgical centers. Major trends in the forecast period include sterilization advancements, implementation of RFID and QR code technology, single-use innovations, compact and space-saving designs, and demand for customized kits.
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Scope Of Minor Procedure Kits And Trays Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Minor Procedure Kits And Trays Market Overview
Market Drivers –
A growing need for minimally invasive procedures is expected to propel the growth of the minor procedure kits and trays market going forward. Minimally invasive procedures are medical techniques that involve smaller incisions and less tissue disruption compared to traditional surgery, aiming for quicker recovery and reduced risk. Minimally invasive procedures are increasing due to their benefits of reduced recovery time, lower risk of complications, and improved patient outcomes compared to traditional surgical methods. Minor procedure kits and trays streamline minimally invasive procedures by providing pre-assembled, sterile tools and materials essential for efficient and safe surgical interventions. For instance, in September 2023, according to the data published by the American Society of Plastic Surgeons, a US-based association of plastic surgeons, around 23,672,269 minimally invasive cosmetic surgeries were carried out in the USA in 2022, increasing by 7% to 25,442,640 surgeries in 2023. Therefore, a growing need for minimally invasive procedures is driving the growth of the minor procedure kits and trays market.
Market Trends –
Major companies operating in the minor procedure kits and trays market are focusing on developing innovative products, such as using sustainable materials to reduce plastic waste and carbon dioxide equivalent (CO2e) emissions in high-volume surgical procedures. Sustainable materials are resources that are produced, used, and disposed of in a way that minimizes environmental impact and preserves resources for future generations. For instance, in February 2023, NewGen Surgical Inc., a US-based medical devices and surgical products company, introduced Bio-Based Surgical Compartment Trays. These are designed to replace single-use plastics in surgical procedures, offering an environmentally friendly alternative that reduces plastic waste and CO2e emissions. Their significance lies in their potential to achieve measurable reductions in environmental impact, particularly in high-volume ophthalmology procedures, and in their USDA BioPreferred Certification, which underscores their commitment to sustainability.
The minor procedure kits and trays market covered in this report is segmented –
1) By Type: Disposable Type, Non-Disposable Type
2) By Material: Polypropylene, Polyethylene, Stainless Steel, Aluminum
3) By Procedure Type: Suturing, Wound Care, Biopsy, Injections, Minor Surgeries
4) By Sterility: Sterile, Non-Sterile
5) By Application: General Practice, Emergency Room, Urgent Care, Ambulatory Surgery, Home Care
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Regional Insights –
North America was the largest region in the minor procedure kits and trays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the minor procedure kits and trays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the minor procedure kits and trays market are Cardinal Health Inc., Johnson & Johnson Services Inc., 3M Company, Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, Henry Schein Inc., Owens & Minor Inc., B. Braun Melsungen AG, Smith & Nephew plc, Steris plc, Teleflex Incorporated, Hartmann Group, Mölnlycke Health Care AB, Halyard Health Inc., Integra LifeSciences Corporation, Aspen Surgical Products Inc., Bioseal LLC, ITL Health Group, Bluekit Medical LLC, QuickMedical
Table of Contents
1. Executive Summary
2. Minor Procedure Kits And Trays Market Report Structure
3. Minor Procedure Kits And Trays Market Trends And Strategies
4. Minor Procedure Kits And Trays Market – Macro Economic Scenario
5. Minor Procedure Kits And Trays Market Size And Growth
…..
27. Minor Procedure Kits And Trays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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