About Medical Instrument Kits
Technological development of these robotic systems that can be used in various surgical procedures. The companies are focusing on technology advancement to tackle the challenge to enable complex logistics by enhancing the supply chain. The leading players offer ready-to-use instrument kits and surgical kits for the application in the operating theatre.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global medical instrument kits market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Instrument Kits market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aesculap (Germany), Arthrex (United States), Biomet (United States), Depuy Synthes (United States), Orthofix (United States), OsteoMed (United States), Teknimed (France), Stryker Corporation (United States), KLS Martin Group (Germany) and DR MEDICAL (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Micromed Medizintechnik (Germany), Kirwan Surgical Products (United States), IMEDICOM (Korea) and Zimmer (United States).
Segmentation Overview
AMA Research has segmented the market of Global Medical Instrument Kits market by Type (IVD Instrument, Cardiovascular Instruments, Orthopedic Instruments, Ophthalmology Instruments, Diabetes Care Instruments, Dental Instruments, Endoscopy Instruments and Others), Application (Clinic, Hospital and Others) and Region.
On the basis of geography, the market of Medical Instrument Kits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online Sales Channels will boost the Medical Instrument Kits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Medical Device Modalities, Huge Demand Industry 4.0 on the Medical Instrument Industry and Outsourcing of Medical Device Contract Manufacturing Services
Market Growth Drivers:
Rising Growth of the Medical Devices Market, Growing Demand from Private Equity Firms for Medical Device Contract Manufacturing and Rising Incidence of Chronic Diseases & Growing Number of Surgical Procedures
Challenges:
Balancing Technological Capabilities against Costs
Restraints:
Consolidation in the Medical Devices Market
Opportunities:
High Growth Potential of Developing Countries across APAC and Latin America and Increasing Number of Regulatory Approvals for Advancements in Drug Delivery Are Supporting Market Growth
Market Leaders and their expansionary development strategies
In April 2022, Carl Zeiss Meditec AG President and CEO Dr. Markus Weber states: "This is a strategically important acquisition for ZEISS Medical Technology. We expect this acquisition to scale the businesses and contribute to our surgical solution offering and add recurring revenue." Gregg Scheller comments: "We already have a successful, long-term partnership with ZEISS and FCI (France Chirurgie Instrumentation S.A.S.) and we look forward to jointly expanding our solutions into other ZEISS applications and customer specialties." Financial terms of the deal are not disclosed.
In Feb 2019, Safe Orthopaedics announced the launch of a new instrument kit known as essential this kit contains essential parts to perform percutaneous surgery. By developing a new kit of sterile instruments, this provides an enhancement in treating back surgery and others. Additionally, Jun 2019, Tata Consultancy Services announced the partnership with SAP for launching an intelligent field inventory management solution. This solution leverages IoT and blockchain to help medical device manufacturers streamline surgical kit handling.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Medical Instrument Kits Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.