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Procedure Trays Market Analysis & Forecast to 2024-2034

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • Erevna Healthcare
  • ID: 5923116
The global procedure trays market size was estimated to be USD 19.64 billion in 2023 and is expected to reach at USD 65.23 billion by 2034 with a CAGR of 11.53% during the forecast period 2024-2034. The surge in surgical procedures, the emergence of minimally invasive & non-invasive techniques, a rise in chronic illnesses, an uptick in road accidents, a growing aging population, escalating healthcare expenditures, increasing volume of medical procedures, surge in government efforts to promote the use of disposable medical supplies for infection prevention in operating rooms, continuous technological advancements, and rising introduction of new procedure trays are some of the key factors boosting the market growth.

Rising introduction of new procedure trays is predicted to boost the market growth during the forecast period. Procedure trays find application in diverse hospital procedures, encompassing various disposable items necessary for specific processes. These trays provide users with a range of single-use components, thereby improving the convenience of managing surgical interventions. For instance, in April 2022, Merit Medical System Inc has unveiled the Resolve Thoracostomy tray, a comprehensive collection of tools designed for performing thoracostomy procedures. This minimally invasive technique allows patients to undergo the drainage of fluid or air from the chest without requiring traditional open surgical procedures.

By product, operating room was the highest revenue-grossing segment in the global procedure trays market in 2023 owing to the increasing number of surgeries conducted, elevated occurrences of osteoporosis & fractures, government regulations promoting the adoption of single-use sterile equipment for infection prevention, the consolidation of prominent market players through mergers & acquisitions, and rising launch of new products. For instance, in February 2023, NewGen Surgical is introducing its first set of Biobased Trays customized for specific medical procedures. Initially designed for ophthalmology, these trays are versatile enough to be utilized in a range of surgical and medical settings. Additionally, angiography is predicted to grow at fastest CAGR during the forecast period owing to the rising incidence of heart diseases is accompanied by the accessibility of state-of-the-art surgical devices. Angiography, a non-interventional diagnostic procedure for coronary heart disease, is typically conducted in radiology units. There is a high degree of standardization in angiography trays, with fluid management systems being a crucial component.

By end-user, hospitals was the highest revenue-grossing segment in the global procedure trays market in 2023. Hospitals' surgery departments and operating rooms have diverse requirements, with the provision of sterile supplies for surgeries and the decontamination of instruments playing a critical role in preventing hospital-associated infections. Consequently, medical professionals and operating room personnel heavily rely on the utilization of procedure trays. The adoption of these trays contributes significantly to lowering infection rates and, concurrently, leads to cost savings. For instance, in June 2022, Whitney Medical Solutions has introduced the Iso Tray, an isolation room solution designed to be disposable and serve as a single-use procedure tray. This innovation aims to minimize the risk of infection and cross-contamination during invasive clinical procedures. Additionally, clinics & other facilities is predicted to grow at fastest CAGR during the forecast period owing to the majority of nonsurgical procedures utilizing procedure trays, kits, & packs take place in outpatient care settings.

North America region is anticipated for the highest revenue share during the forecast period owing to the government initiatives promoting the adoption of single-use medical supplies for infection prevention, rise in the aging population, an increasing prevalence of chronic conditions such as osteoporosis & heart-related issues, heightened awareness about healthcare & advanced surgical techniques, a growing number of surgical procedures, escalating research & development spending, and continuous technological advancements. For instance, in May 2023, Ahlstrom is broadening its product range for the medical sector with the introduction of Reliance Fusion. This next-generation simultaneous sterilization wrap is designed to enhance efficiency in the sterilization process of surgical equipment trays within hospital settings. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rise in reimbursement for surgical procedures, widespread adoption of advanced technology, a growing preference for minimally invasive procedures over traditional methods, and surge in collaborations within market players. For instance, in October 2022, BD India, a leading med-tech company, has collaborated with the prestigious Raja Ramanna Centre for Advanced Technology (RRCAT), a government research organization in India. This partnership involves the sterilization of BD India's medical device, Venflon Pro, using electron beam (e-beam) technology at RRCAT's facility in Indore.

Segmentation: Procedure Trays Market Report 2023 - 2034

Procedure Trays Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

  • Ophthalmic
  • Angiography
  • Operating Room
  • Others

Procedure Trays Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)

  • Hospitals
  • Clinics & Other Facilities

Procedure Trays Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
  • Middle East & Africa
  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global Procedure Trays Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. Procedure Trays Market: Product Estimates & Trend Analysis
7.1. Product Segment Opportunity Analysis
7.2. Ophthalmic
7.2.1. Ophthalmic Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3. Angiography
7.3.1. Angiography Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4. Operating Room
7.4.1. Operating Room Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.5. Others
7.5.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8. Procedure Trays Market: End-user Estimates & Trend Analysis
8.1. End-user Segment Opportunity Analysis
8.2. Hospitals
8.2.1. Hospitals Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.3. Clinics & Other Facilities
8.3.1. Clinics & Other Facilities Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
9. Regional Market Analysis
9.1. Regional Market Opportunity Analysis
10. North America Procedure Trays Market
10.1. North America Procedure Trays Market
10.1.1. North America Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.1.2. North America Procedure Trays Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
10.1.3. North America Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.1.4. North America Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
10.2. U.S. Global Procedure Trays Market
10.2.1. U.S. Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.2.2. U.S. Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.2.3. U.S. Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
10.3. Canada Global Procedure Trays Market
10.3.1. Canada Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.3.2. Canada Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.3.3. Canada Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11. Europe Global Procedure Trays Market
11.1. Europe Global Procedure Trays Market
11.1.1. Europe Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.1.2. Europe Procedure Trays Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
11.1.3. Europe Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.1.4. Europe Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.2. Germany Global Procedure Trays Market
11.2.1. Germany Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.2.2. Germany Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.2.3. Germany Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.3. UK Global Procedure Trays Market
11.3.1. UK Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.3.2. UK Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.3.3. UK Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.4. France Global Procedure Trays Market
11.4.1. France Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.4.2. France Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.4.3. France Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.5. Spain Global Procedure Trays Market
11.5.1. Spain Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.5.2. Spain Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.5.3. Spain Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.6. Italy Global Procedure Trays Market
11.6.1. Italy Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.6.2. Italy Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.6.3. Italy Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
11.7. Rest of Europe Global Procedure Trays Market
11.7.1. Rest of Europe Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.7.2. Rest of Europe Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.7.3. Rest of Europe Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12. Asia Pacific Global Procedure Trays Market
12.1. Asia Pacific Global Procedure Trays Market
12.1.1. Asia Pacific Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.1.2. Asia Pacific Procedure Trays Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
12.1.3. Asia Pacific Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.1.4. Asia Pacific Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.2. Japan Global Procedure Trays Market
12.2.1. Japan Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.2.2. Japan Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.2.3. Japan Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.3. China Global Procedure Trays Market
12.3.1. China Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.3.2. China Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.3.3. China Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.4. India Global Procedure Trays Market
12.4.1. India Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.4.2. India Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.4.3. India Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.5. South Korea Global Procedure Trays Market
12.5.1. South Korea Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.5.2. South Korea Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.5.3. South Korea Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.6. Australia Global Procedure Trays Market
12.6.1. Australia Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.6.2. Australia Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.6.3. Australia Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
12.7. Rest of Asia Pacific Global Procedure Trays Market
12.7.1. Rest of Asia Pacific Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.7.2. Rest of Asia Pacific Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.7.3. Rest of Asia Pacific Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
13. Latin America Global Procedure Trays Market
13.1. Latin America Global Procedure Trays Market
13.1.1. Latin America Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.1.2. Latin America Procedure Trays Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
13.1.3. Latin America Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.1.4. Latin America Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
13.2. Brazil Global Procedure Trays Market
13.2.1. Brazil Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.2.2. Brazil Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.2.3. Brazil Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
13.3. Mexico Global Procedure Trays Market
13.3.1. Mexico Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.3.2. Mexico Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.3.3. Mexico Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
13.4. Argentina Global Procedure Trays Market
13.4.1. Argentina Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.4.2. Argentina Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.4.3. Argentina Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
13.5. Rest of Latin America Global Procedure Trays Market
13.5.1. Rest of Latin America Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.5.2. Rest of Latin America Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.5.3. Rest of Latin America Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
14. MEA Global Procedure Trays Market
14.1. MEA Global Procedure Trays Market
14.1.1. MEA Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.1.2. MEA Procedure Trays Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
14.1.3. MEA Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.1.4. MEA Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
14.2. GCC Global Procedure Trays Market
14.2.1. GCC Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.2.2. GCC Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.2.3. GCC Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
14.3. South Africa Global Procedure Trays Market
14.3.1. South Africa Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.3.2. South Africa Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.3.3. South Africa Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
14.4. Rest of MEA Global Procedure Trays Market
14.4.1. Rest of MEA Procedure Trays Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.4.2. Rest of MEA Procedure Trays Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.4.3. Rest of MEA Procedure Trays Market Size and Forecast, By End-user, 2023-2034 (Revenue USD Bn)
15. Competitor Analysis
15.1. Company Market Share Analysis, 2023
15.2. Major Recent Developments
16. Company Profiles
16.1. BD (Becton, Dickinson and Company)
16.2. Teleflex Incorporated
16.3. Cardinal Health
16.4. Mölnlycke Health Care AB
16.5. Owens & Minor, Inc.
16.6. Medtronic
16.7. Merit Medical Systems
16.8. PAUL HARTMANN AG
16.9. 3M
16.10. B. Braun SE.
16.11. CPT Medical
16.12. Other Prominent Players
17. Conclusion18. Recommendations

Companies Mentioned

  • BD (Becton
  • Dickinson and Company)
  • Teleflex Incorporated
  • Cardinal Health
  • Mölnlycke Health Care AB
  • Owens & Minor Inc.
  • Medtronic
  • Merit Medical Systems
  • PAUL HARTMANN AG
  • 3M
  • B. Braun SE.
  • CPT Medical

Table Information