SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the Australia and New Zealand custom procedure tray and packs market is estimated to be valued at US$ 281.6 million in 2020 and is expected to exhibit a CAGR of 11.0 % during the forecast period (2020-2027).
Key Trends and Analysis of the Australia and New Zealand Custom Procedure Trays and Packs Market:
The increasing number of customized surgeries such as cosmetic surgery in Australia and New Zealand is creating opportunities for development of custom procedure trays and packs. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2017 around 202,642 cosmetic surgery procedures were carried out in Australia. In 2017, 20,000 breast augmentations and 300000 liposuction procedures were performed in Australia. Moreover, as per ISAPS, in 2018, Australia ranks 9th in cosmetic surgeries globally.
Moreover, the increasing number of physicians/healthcare professionals in New Zealand is driving the demand for custom procedure trays and packs in the country. According to data published in the New Zealand Medical Workforce report of 2018, the total number of doctors in New Zealand increased by 4.2% from around 15,819 in 2016 to 16,292 in 2018. Around 333.5 doctors per 100,000 population are available in New Zealand.
In Australia, favorable government medical reimbursement for surgical procedures is expected to drive growth of the market. According to Commonwealth of Australia data report 2019, around 85% of hospital services are paid as per the Medicare Benefits Schedule (MBS), which includes surgeon fees and other associated cost.
Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/4263
Key Market Takeaways:
The Australia and New Zealand custom procedure tray and packs market is expected to exhibit a CAGR of 11.0 % during the forecast period owing to strategic mergers and acquisitions by key players. In July 2016, Teleflex Incorporated acquired N. Stenning & Co Pvt. Ltd., the distribution partner for Teleflex’s surgical products in Australia. This acquisition of N. Stenning & Co Ltd. Pty assets enabled direct sales and distribution of additional Teleflex products in Australia.
Competitive Landscape:
Key players operating in the Australia and New Zealand custom procedure trays and packs market are 3M, Smith Medical, B. Braun Melsungen AG, Becton, Dickinson and Company, Lohmann & Rauscher Inc., Medtronic Plc, Bausch & Lomb Incorporated, Cardinal Health, Kimal Plc, Pennine Healthcare, Thermo Fisher Scientific, Stryker Corporation, Olympus Corporation, Molnlycke Healthcare AB, Paul Hartmann Ag, Halyard Health, Teleflex Incorporated, Medline Industries, Inc., Merit Medical Systems, Multigate, Defries Industries, Lovell Surgical Solutions International Pty Ltd, BSN Medical and Alcon Inc.
Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/4263
Market segmentation:
-
Australia and New Zealand Custom Procedure Trays and Packs Market, By Product Type:
- Ophthalmic Procedure Tray
- Angiography Procedure Tray
- Anesthesia Procedure Tray
- Cardiothoracic Procedure Tray
- Colon and Rectal Procedure Tray
- General Procedure Tray
- Gynecology Procedure Tray
- Neurological Procedure Tray
- Oral and Maxillofacial Procedure Tray
-
Operating Room Procedure Tray
- Orthopedic Procedure Tray
- Laparoscopy Procedure Tray
- Colonoscopy Procedure Tray
- Urology Procedure Tray
- Dermatology Procedure Tray
-
Others
- Plastic Surgery Procedure Trays
- Pediatric Procedure Trays
- Pathology Procedure Trays
- Obstetrics Procedure Trays
-
Australia and New Zealand Custom Procedure Trays and Packs Market, By End User:
-
Hospitals
- Public Hospitals
- Private Hospitals
- Specialty Centers
- Ambulatory Surgical Centers
- Imaging Centers
- Others
-
Hospitals
Related Market Intelligence Report:
Global Custom Procedure Trays and Packs Market, by Product Type (Ophthalmic Procedure Kits, Angiography Procedure Kits, Anaesthesia Procedure Kits, Operating Room Procedure Kits, Other Procedure Kits), By End User (Hospitals, Clinics, Ambulatory Surgical Centers) - Global Forecast to 2025.
Read more: https://www.coherentmarketinsights.com/market-insight/custom-procedure-trays-and-packs-market-1959
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
