Fact.MR, a global research & consulting firm, in their updated edition of the report, projected that the kick bucket market will foresee a moderate CAGR in 2021 & beyond.
Fact.MR, a global research & consulting firm, in their updated edition of the report, projected that the kick bucket market will foresee a moderate CAGR in 2021 & beyond. Growth can be primarily attributed to rising lifestyle diseases, health awareness, and increasing access to insurance. Also, factors that bolster the expansion of healthcare infrastructure, for instance increased healthcare spending are driving market growth.
“Rising number of surgical procedures together with the increasing patient pool, across the globe, additionally assists the expansion of the kick bucket industry.” states Fact.MR.
Swelling Healthcare Spending and Surgical Procedures Encouraging Demand
Augmented healthcare expenditure and growing number of surgical procedures due to the growing patient pool, across the globe, are fuelling the expansion of the kick bucket industry. Improving and rising healthcare infrastructure together with the growing number of hospitals, are also boosting the demand.
Health care expenditure is likely to be fostered by the shared factors of growing geriatric and global population, expansion of healthcare companies, technological and clinical advances. Also, with more nations deepening and expanding their public health care systems, the trend for universal healthcare is projected to continue its substantial growth.
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Without Lid Remains Preferred Kick Bucket among Health Professionals
The demand for without lid is anticipated to gain traction in the kick bucket industry. The expansion can be primarily attributed to ease of usage and appropriate size to move around the operating room utilizing the foot. Furthermore, it is utilized for surgical procedure for dumping of several disposable and pliable articles, for instance sponges which are employed to absorb fluids or blood amid the procedure
How Huge is the Opportunity for Market Players in the China & India?
The US is anticipated to lead the kick buck industry, owing to the huge number of sophisticated healthcare infrastructure and hospitals, trailed by the UK.
China and India are projected to expand at a notable pace, as a result of the existence of several local manufacturers in addition to enhancing healthcare facilities in these nations. The regions will be offering prospects for growth and various companies will benefit in the developing kick bucket industry. The swift expansion of medical cosmetology along with assisted reproduction services is ensuing in augmented medical tourism in Japan, India, Korea, China, amid other Asian nations.
Geographic Expansion through Sales Remains Key Focal Area: Fact.MR Survey
The kick bucket market is extremely fragmented in nature owing to the existence of several large - and small -scale market players providing kick bucket products. Fact.MR’s survey indicated that the leading companies are focusing on local sales to other regions sales for the extension of geographic reach, in 2021 and beyond. The latest edition of the report offers comprehensive coverage of the anticipated to remain the significant strategies of market players. Some of the players profiled in the report are Hygitech, Cardinal Health, Francehopital SAS, Hammerlit, Fazzini, Alvo Medical, medifa GmbH & Co., and KG, Mopec Europe, Ltd., and MarketLab, Inc. The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
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Source: Fact.MR