PUBLISHER: The Business Research Company | PRODUCT CODE: 1619764
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619764
Minor procedure kits and trays are pre-assembled, sterile sets that include essential medical instruments and supplies for minor surgical procedures. They are designed to simplify the preparation process, ensuring that all necessary tools are readily available and minimizing the risk of contamination. These kits are commonly used in outpatient settings, clinics, and hospitals for tasks such as wound care, suturing, or minor surgeries.
The main types of minor procedure kits and trays are disposable and non-disposable. Disposable kits are designed for single-use to maintain sterility and prevent infection during procedures such as wound care, injections, and minor surgeries. These kits are made from materials such as polypropylene, polyethylene, stainless steel, and aluminum. They cater to various procedures, including suturing, wound care, biopsies, injections, and minor surgeries. They come in both sterile and non-sterile forms and are utilized in general practice, emergency rooms, urgent care, ambulatory surgery, and home care.
The minor procedure kits and trays market research report is one of a series of new reports from The Business Research Company that provides minor procedure kits and trays market statistics, including minor procedure kits and trays industry global market size, regional shares, competitors with a minor procedure kits and trays market share, detailed minor procedure kits and trays market segments, market trends and opportunities, and any further data you may need to thrive in the minor procedure kits and trays industry. This minor procedure kits and trays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 is attributed to the rising demand for outpatient surgeries, the expansion of ambulatory surgical centers, increased awareness of infection control, government regulations and standards, and an 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 is attributed to rising healthcare expenditure, an increase in outpatient surgeries, greater awareness of infection control, hospitals' demand for cost-efficiency, and growth in ambulatory surgical centers. Key trends during this period include advancements in sterilization, the implementation of RFID and QR code technology, innovations in single-use products, compact and space-saving designs, and a demand for customized kits.
The minor procedure kits and trays market is anticipated to experience substantial growth due to the increasing demand for minimally invasive procedures. Minimally invasive techniques, characterized by smaller incisions and reduced tissue disruption compared to conventional surgery, are favored for their benefits of faster recovery, diminished risk, and enhanced patient outcomes. These procedures are gaining traction as they offer significant advantages over traditional surgical methods. Minor procedure kits and trays facilitate these techniques by providing pre-assembled, sterile tools and materials that are crucial for safe and efficient surgical interventions. For example, data from the American Society of Plastic Surgeons revealed that in 2022, approximately 23,672,269 minimally invasive cosmetic surgeries were performed in the USA, with the number rising by 7% to 25,442,640 surgeries in 2023. This increasing prevalence of minimally invasive procedures is driving the expansion of the minor procedure kits and trays market.
Leading companies in the minor procedure kits and trays market are concentrating on developing innovative solutions, such as utilizing sustainable materials to mitigate plastic waste and CO2e emissions in high-volume surgical procedures. Sustainable materials are those that are produced, used, and disposed of in ways that minimize environmental impact and conserve resources for future use. For instance, in February 2023, NewGen Surgical Inc., a US-based provider of medical devices and surgical products, launched Bio-Based Surgical Compartment Trays. These trays are designed to replace single-use plastics in surgical procedures, offering an eco-friendly alternative that reduces plastic waste and CO2e emissions. Their impact is notable in high-volume ophthalmology procedures, and their USDA BioPreferred Certification highlights their commitment to environmental sustainability.
In August 2022, Allina Health, a U.S.-based healthcare organization, expanded its partnership with Owens & Minor for an undisclosed amount. This expanded collaboration is intended to improve surgical supply chain management, increase access to essential surgical supplies, and streamline operations across Allina Health's network of hospitals. Owens & Minor, also U.S.-based, is a healthcare solutions company that offers products and services supporting the entire patient care journey.
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, Molnlycke Health Care AB, Halyard Health Inc., Integra LifeSciences Corporation, Aspen Surgical Products Inc., Bioseal LLC, ITL Health Group, Bluekit Medical LLC, QuickMedical
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.
The countries covered in the minor procedure kits and trays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The minor procedure kits and trays market consists of sales of needles and syringes, surgical instruments, sterilization trays, and suction devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Minor Procedure Kits And Trays Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on minor procedure kits and trays market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for minor procedure kits and trays ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The minor procedure kits and trays market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.