Pre-Packaged Medical Supplies Market: An Overview
Pre-packaged medical supplies offer sterile and medical consumables which are pre-packaged for use by clinics, hospitals or medical institutions. Pre-packaged medical supplies can be an individual medical product or a combination of medical products such as needles & syringes, trays, gloves, kits for various diseases, scalpels & forceps and masks.
This allows reduction in wastage of time during the treatment of a patient as all the medical supplies are sterilized and uncontaminated. It reduces the time taken to prepare supplies for the treatment of patient. This is likely to augment the demand for pre-packaged medical supplies. In addition, risk of contamination and infections are high in places such as hospitals and clinics as large number of patients come for treatment.
This increases the risk of diseases which can be harmful to the lives of patients. This is anticipated to expand the growth of dispensable pre-packaged medical supplies which are sterilized and free from contamination.
Pre-Packaged Medical Supplies Market: Dynamics
Pre-packaged medical supplies are efficient and easy to use as they reduce the time of collecting or sterilizing the medical supplies during treating a patient or emergencies. Pre-packaged medical supplies also help to reduce the human errors.
These attributes make pre-packaged medical supplies a preferable choice by users in clinics, hospitals and medical institutions. It enhances efficiency, productivity and accuracy as time management is one of the most important aspects of healthcare industry. In addition, hospitals can acquire the medical supplies in bulk which allows cost efficiency and preparedness for emergencies.
Pre-packaged medical supplies also ensure standardization of treatment procedure for a specific concern. This results in safeguarding the patient’s interest and safety. This is likely to increase the market demand for pre-packed medical supplies. Moreover, surge in chronic illnesses, surgeries and aging population might impact the market demand for pre-packaged medical supplies positively.
Pre-Packaged Medical Supplies Market: Regional Outlook
North America is expected to lead the global pre-packaged medical supplies market due to the developments in the medical facilities and biotechnology. Asia-Pacific region is likely to grow owing to its rising population and improvement in healthcare facilities.
Factors such as setting up of new healthcare facilities such as clinics and hospitals, government’s initiative for advancements of medical facilities is likely to hike the demand for pre-packaged medical supplies.
Furthermore, demand for advanced medical tools and equipment by developing nations such as India & China, increase in standard of living and increasing expenditure on medical facilities is anticipated to impact the market demand for pre-packaged medical supplies positively.
Pre-Packaged Medical Supplies Market : Impact of COVID 19
Amidst the COVID 19 outbreak, substantial demand for medical supplies has been witnessed for the treatment of the affected population. Amidst the crisis, due to disruptions in the supply chain there is a continuous shortage for medical supplies such as protective gear, masks, gloves and testing kits. The critical shortage is due to the drop in the imports by China.
Decline in shipments due to shut factories and ports is the reason for shortage of critical medical supplies. Though as per WHO, the demand is 100 times higher than average , there is no fulfilment of demand due to disruptions across the supply chain.
All countries such as India, China, South Korea and Japan have halted the exports in order to save the pre-packaged medical supplies for the citizens of their own country. Thus, there is exponential market demand for the pre-packaged medical supplies.
Pre-Packaged Medical Supplies Market : Key Players
Key Players in the Pre-Packaged Medical Supplies market are as follows,
- Angiokard Medizintechnik GmbH
- Med-Italia Biomedica SRL
- B Braun Melsungen AG
- Cardinal Health
- 3 M Health Care
- Mölnlycke Health Care AB
- Boston Scientific Corp.
- Covidien PLC
- Teleflex Medical
- Cypress Medical Products, LLC
- Medical Action Industries, Inc.
- Smith and Nephew, PLC
- Hogy Medical Co., Ltd
Pre-Packaged Medical Supplies Market : Segmentation
Pre-packaged medical supplies market can be segmented on the basis of types and end-use.
By Type, pre-packaged medical supplies market can be segmented as
- Needles & Syringes
- Open Heart Surgery Kits
- Suture Removal Kits
- Anaesthesia Kits
- General Surgery and Instrument Kits
- Testing Kits
- Protective equipment
- Body suits
By End-Use, pre-packaged medical supplies market can be segmented as
- Medical Institutions
- Others (Household - First Aid)