Persistent market research released on November 11, 2021

The global pre-packaged medical package tray market is about to witness drastic changes in the next few years. The digital renaissance is determining the conditions of the industry. Artificial intelligence-driven data cores are used to provide insights. In addition, virtual labor is being developed through the transfer of digital skills, which is also a transfer from many innovation ecosystems and industries. Conversational artificial intelligence is being deployed to help end users get timely feedback. This trend is bound to push the entire industry to take greater steps in the future.

The healthcare industry has undergone a huge shift towards a reform model, with a significant increase in global investment aimed at improving various facilities and services throughout the healthcare industry. The concept of value-based pricing of medicines has been developed in the past few years, and most OECD countries have adopted this model. This shift is a key component of revenue growth in the pre-packaged medical kit and pallet market.

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Due to the efficiency, safety and convenience provided by these tools, pre-packaged medical kits and trays are in great demand. A new study by Persistence Market Research titled "Prepackaged Medical Kits and Tray Market: 2013-2017 Global Industry Analysis and 2018-2026 Forecast" highlights the key implications of the dynamics that affect the growth of this market. The increase in government spending on healthcare facilities in different regions has led to the massive adoption of prepackaged medical kits and trays by private surgeons and hospitals. It is estimated that during the forecast period, the compound annual growth rate of the global pre-packaged medical pack and tray market will reach 8.3%, and the market value will exceed 29 billion US dollars by the end of 2026.

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Increasing demand for surgical procedures, especially ophthalmology custom trays

In the past few years, the number of surgical operations has increased significantly, mainly due to the high incidence of chronic and life-threatening diseases and the increase in the population most susceptible to diseases that require surgery. In addition, the overcrowding of hospital operating rooms and the subsequent increase in surgery-related infections has led to the widespread adoption of pre-packaged medical kits and trays worldwide.

The inherent characteristics of these pre-packaged products have also promoted mass adoption in hospitals and clinics. Pre-packaged medical kits and trays can be customized for professional procedures to provide greater convenience for surgeons and operating room staff. This favorable attribute creates profitable market opportunities for manufacturers. Persistence Market Research analysts said that compared with other products on the market, the demand for general surgery and instrument kits is expected to surge in the next few years. However, customized ophthalmic pallets are expected to create greater growth opportunities and are expected to show strong growth rates in the near future.

Manufacturers resort to product customization in the fierce market competition to obtain excellent customer satisfaction

The goal of several large companies is to stay ahead of the game and customize their products to specific needs in order to build strong relationships with customers. Hospitals prefer to buy in bundles, mainly for dressing packs, custom ophthalmic trays, and catheter and angioplasty trays. Many major players are also obsessed with strategic acquisitions and mergers, which can help them manufacture and provide quality medical products. As the market continues to grow at an alarming rate, competition is expected to intensify and encourage more local players to take advantage of emerging prospects.

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Contract-based supply chain struggles plague the market for pre-packaged medical kits and pallets

The surge in the number of local participants and the shift in consumers' attitudes towards purchasing medical services locally will provide a huge market potential for the use of surgical trays in underdeveloped countries to obtain better surgical results. However, the procurement process of healthcare products in most countries is based on contracts, and these contracts are usually signed for a long period of time. In particular, one-off products are purchased through long-term bidding, which limits new entrants who like to bid for their products with other competitors. It remains to be seen how new entrants will survive and develop their businesses in a market dominated by long-term contracts.

Hospitals buy the infection control market

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