The Australia and New Zealand custom procedure trays 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).
Figure 1. Australia and New Zealand Custom Procedure Trays and Packs Market Value (US$ Mn), 2016-2027
The Australia and New Zealand custom procedure trays and packs market is expected to witness significant growth during the forecast period owing to the increasing number of surgical procedures in these countries.
Figure 2. Australia and New Zealand Custom Procedure Trays and Packs Market Share (%), by Country, 2020
Among countries, Australia is expected to witness significant growth in the custom procedure trays and packs market owing to increasing number of surgical procedures in the country. According to the Australian Institute of Health and Welfare’s 2020 report, during 2017–18, there were over 2.3 million admissions for elective surgeries in Australia, of which around 66% have occurred in the private hospitals. The rate of admissions for elective surgeries has increased by 1.7% in public hospitals and 1.9% in private hospitals between 2016–17 and 2017–18.
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