ALBANY, New York, February 14, 2018 /PRNewswire/ --
According to the market report, global surgical kits marketwas worth US$18.25 bn in 2016. Researchers anticipate this market to expand at a CAGR of 8.50% during the period from 2017 to 2025 and reach a value of US$38.03 bn by the end of the period of
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Increasing Prevalence of HAI and SSI to Boost Global Market
"The worldwide market for surgical kits is gaining substantially from the continuous rise in the global geriatric population, who are highly susceptible to chronic diseases and need to undergo various surgeries," says the author of this study. Apart from this, the rise in awareness pertaining to personal hygiene, increasing spread of various infections, expanding patient pool, and the continual advancements in technologies and products are driving this market considerably across the world.
Nowadays, hospital acquired Infections (HAI) and surgical site infections (SSI) have become a common cause for infections among people, worldwide. According to the findings of the European Centre for Disease Prevention and Control (ECDC), one, out of twenty patients, gets affected by HAIs in Europe. Since, several types of invasive, non-invasive, and minimally-invasive surgeries server as efficient treatment for these infections, their demand has increased, reflecting positively on the uptake of surgical kits across the world, states the report.
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High Cost of Surgeries and Absence Suitable Reimbursement Scenario to Hamper Growth
On the other hand, the high cost incurred in surgeries and the absence of proper reimbursement structure in emerging economies may hinder the growth of the global market for surgical kits in the years to come. However, the increasing support of government initiatives and rise in investments for the advancements in medical and healthcare infrastructure will normalize the impact of these restraints over the next few years, reports the research study.
The global surgical kits market is witnessing tremendous rise, thanks to the continuous efforts by leading players to produce technologically advanced products, states a new research report by Transparency Market Research (TMR). Paul Hartmann AG, 3M Health Care, Medline Industries Inc., Mölnlycke Health Care, Medica Europe BV, and Cardinal Health are some of the leading players operating in this market. These participants are likely to focus on innovation and inclusion of newest technologies in their products over the forthcoming years. Strategic partnerships are also expected to be trending among the players, looking to expand their reach across regions, reports the market study.
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The review is based on a report by Transparency Market Research (TMR), titled "Surgical Kits Market (Type - Disposable and Reusable; Procedure - Ophthalmology, Orthopedic (Hip and Knee) Neurosurgery, Cardiac Surgery, General Surgery (Laparoscopy and Laparotomy), Gynecology, Urology, Ear, and Neck and Head; End User - Hospitals, Specialty Clinics, and Ambulatory Surgical Centers - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017-2025."
The global surgical kits market is segmented into:
By End User
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