What Fueled The Previous Growth In The Procedure Trays Market?
The procedure trays market has seen considerable growth due to a variety of factors.
• The procedure trays market has grown significantly in recent years. It will increase from $17.43 billion in 2024 to $19.09 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%.
The growth is attributed to the standardization of healthcare processes, the rising frequency of road accidents, increasing demand for surgical instruments, and a higher incidence of chronic diseases.
What Is The Expected Growth In The Procedure Trays Market Size Evolve over the Forecast Period?
The procedure trays market is expected to maintain its strong growth trajectory in upcoming years.
• The procedure trays market is projected to grow to $27.12 billion by 2029 at a CAGR of 9.2%.
Growth drivers include the rising number of surgeries, global population growth, regulatory compliance, medical tourism, and an aging population. Key trends include smart technology advancements, personalized trays, AI integration, telehealth connections, and automation.
What Main Forces Are Fueling Expansion In The Procedure Trays Market?
The procedure trays market is predicted to expand due to the rise in the number of surgical procedures. These procedures provide medical treatments utilizing invasive techniques to mitigate or rectify health issues, injuries, or abnormalities in the body. The increase in surgical procedures is prompted by factors like advanced medical technology, an aging population, chronic disease prevalence, better healthcare accessibility, and heightened patient demand and expectations. Procedure trays boost the efficiency, safety, and cost-effectiveness of surgical procedures by delivering a standardized and accessible method for organizing and dispensing necessary instruments and supplies. For example, the Global Survey 2022 report from the International Society of Aesthetic Plastic Surgery, a US-based professional group for board-certified aesthetic plastic surgeons, revealed an 11.2% overall rise in procedures undertaken by plastic surgeons in 2022, accounting for over 14.9 million surgeries worldwide. There has been a consistent increase in aesthetic surgery in the last four years, marking a 41.3% rise. Therefore, the upswing in the number of surgical procedures is propelling the procedure trays market growth.
What Are The Primary Segments In The Global Procedure Trays Market?
The procedure trays market covered in this report is segmented –
1) By Product: Operating Room, Angiography, Ophthalmic, Other Products
2) By Packaging: Box, Mold, Wrap
3) By End User: Hospitals, Clinics, Other Facilities
Subsegments:
1) By Operating Room Type: General Surgery Trays, Orthopedic Surgery Trays, Cardiovascular Surgery Trays
2) By Angiography: Cardiac Angiography Trays, Vascular Angiography Trays
3) By Ophthalmic: Cataract Surgery Trays, LASIK Surgery Trays, Retina Surgery Trays
4) By Other Products: Dental Procedure Trays, Urology Procedure Trays, Gynecological Procedure Trays
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What Emerging Trends Are Influencing The Growth Of The Procedure Trays Market?
Leading businesses in the procedure trays market are concentrating on creating inventive products such as the thoracostomy tray to increase patient safety and meet the clinical requirement for thoracostomy procedures. A thoracostomy tray is a unique medical kit employed by healthcare practitioners during thoracostomy procedures. These involve inserting a chest tube into the pleural space of the chest area. For example, in April 2022, Merit Medical, an innovative medical devices supplier based in the US, introduced the ReSolve Thoracostomy Tray. This novel solution aims to enhance patient treatment while addressing the clinical need for thoracostomy procedures. It's specially designed for thoracostomy procedures, assisting in the secure extraction of air or fluid from the pleural space, thereby managing conditions like pneumothorax or pleural effusion. This highlights Merit Medical's commitment to supplying specialized medical devices designed around clinical needs, with the ultimate goal of enhancing patient treatment.
Who Are the Key Players In The Procedure Trays Market?
Major companies operating in the procedure trays market are:
• Cardinal Health Inc.
• Becton Dickinson and Company
• Baxter International Inc.
• Boston Scientific Corporation
• Owens & Minor Inc.
• Medline Industries LP
• B. Braun Societas Europaea
• Smith & Nephew Public Limited Company
• Teleflex Incorporated
• Paul Hartmann AG
• ICU Medical Inc.
• Mölnlycke AB
• Lohmann & Rauscher
• Merit Medical Systems Inc.
• Hogy Medical Company Limited
• Medical Action Industries Inc.
• Kimal PLC
• Nelipak Corporation
• Medica Europe Besloten Vennootschap
• Biometrix Medical
• ArcRoyal
• Covidien AG
• CPT Medical Inc.
• C. R. Bard Inc.
• CareFusion Corporation
What Is The Most Dominant Region In The Procedure Trays Market?
North America was the largest region in the procedure trays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the procedure trays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
