Australia and New Zealand Custom Procedure Trays and Packs Market, by Product Type (Ophthalmic Procedure Tray, Angiography 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 Urology Procedure Tray, and Dermatology Procedure Tray), Others (Plastic Surgery Procedure Trays, Pediatric Procedure Trays, Pathology Procedure Trays, Obstetrics Procedure Trays), By End User (Hospitals (Public Hospitals, Private Hospitals), Specialty Centers, Ambulatory Surgical Centers, Imaging Centers, Others) and by Country (Australia and New Zealand) 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), as highlighted in a new report published by Coherent Market Insights.
Key companies are investing in facility expansion to strengthen their business and product offerings to strengthen their positioning in Australia and New Zealand custom procedure trays and packs market. For instance, Defries Industries, opened a new sales and marketing office, and raw materials warehouse in Australia.
Moreover, key companies are focusing on facility expansions in Australia and New Zealand. For instance, in 2016, Medline Industries, Inc. launched Medline operated warehouses in 3 new locations including New South Wales, Victoria, and Queensland to provide direction distribution services to customers in these countries in order to strengthen their product offerings.
Australia Custom Procedure and New Zealand Trays and Packs Market – Impact of Coronavirus (COVID-19)
- The COVID-19 pandemic has affected several markets across the globe and is also expected to hamper the Australia and New Zealand custom procedure tray and packs market growth as follows;
- The COVID-19 pandemic has negatively impacted the economy and in turn, the custom procedure trays and packs market. Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending until the end of the second quarter of 2020.
- Key players such as 3M, Pennine Healthcare, and others who are operating in the Australia and New Zealand custom procedure trays and packs market are focused on inorganic growth strategies to meet the increasing consumer demand and expand their geographic presence.
- For instance, in August 2020, 3M collaborated with United Way Australia, a not-for-profit organization, to support relief projects across Asia Pacific that are helping the most vulnerable people in society impacted by the COVID-19 crisis. The united response in Australia is focused on addressing both urgent needs in the recovery phase of COVID-19.
Browse 29 Market Data Tables and 26 Figures spread through 198 Pages and in-depth TOC on “Australia and New Zealand Custom Procedure Trays and Packs Market, by Product Type (Ophthalmic Procedure Tray, Angiography 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 Urology Procedure Tray, and Dermatology Procedure Tray), and Others (Plastic Surgery Procedure Trays, Pediatric Procedure Trays, Pathology Procedure Trays, and Obstetrics Procedure Trays), By End User (Hospitals (Public Hospitals, Private Hospitals), Specialty Centers, Ambulatory Surgical Centers, Imaging Centers, Others), and by Country (Australia and New Zealand).”
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The ophthalmic procedure tray segment in the Australia and New Zealand custom procedure trays and packs market is expected to witness significant growth owing to the increasing number of ophthalmic surgeries. According to Blind Low Vision NZ research study report 2016, around 30,000 patients in New Zealand are blind. Approximately, 150,000 people in New Zealand have low vision. This indicates the high need for ophthalmic surgeries, which in turn, is expected to drive demand for ophthalmic procedure trays.
Key Takeaways of the Australia and New Zealand Custom Procedure Trays and Packs Market:
- The Australia and New Zealand custom procedure trays and packs market is expected to exhibit a CAGR of 11.0% during the forecast period owing to increasing number of surgical procedures and key companies are focusing on facility expansions in Australia and New Zealand
- Among product type, the operating room procedure trays segment is expected to hold the highest market share in 2020 owing to the increasing number of surgical procedures performed in operating room.
- Companies 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.
