Procedure Trays Global Market Report 2024

The procedure trays market size has grown strongly in recent years. It will grow from $16.0 billion in 2023 to $17.43 billion in 2024 at a compound annual growth rate (CAGR) of 9%. The rise observed in the historical period can be attributed to factors such as standardization, the frequency of road accidents, heightened demand for surgical instruments, increased adoption of procedure trays, and a rise in the incidence of chronic diseases.

The procedure trays market size is expected to see strong growth in the next few years. It will grow to $24.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period is expected to result from factors including the increasing number of surgical procedures, global population expansion, adherence to regulatory standards, customization trends, the surge in medical tourism, and the growing elderly population. Significant trends projected for this period encompass advancements in smart technology, personalized and specialty trays, integration of technology into healthcare practices, incorporation with telehealth and remote monitoring systems, as well as the utilization of artificial intelligence and automation.

The anticipated rise in surgical procedures is poised to drive the growth of the procedure trays market in the coming years. Surgical procedures involve invasive techniques aimed at addressing or rectifying health conditions, injuries, or abnormalities within the body. The escalation in surgical procedures is attributed to advancements in medical technology, a growing elderly population, the prevalence of chronic diseases, improved healthcare accessibility, and increasing patient demand and expectations. Procedure trays play a crucial role in enhancing the efficiency, safety, and cost-effectiveness of surgical procedures by offering a standardized and convenient solution for organizing and delivering necessary instruments and supplies. For instance, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, in January 2023, there was a 19.3% increase in total medical procedures in 2021, with surgical procedures experiencing an 18.5% rise and non-surgical procedures seeing a growth of 19.9% compared to 2020. Hence, the surge in surgical procedures is fueling the expansion of the procedure trays market.

Leading companies in the procedure trays market are dedicated to innovating products such as the thoracostomy tray to enhance patient safety and cater to the clinical need for thoracostomy procedures. A thoracostomy tray is a specialized medical kit used by healthcare professionals for thoracostomy procedures, involving the insertion of a chest tube into the pleural space of the chest cavity. For instance, in April 2022, Merit Medical, a US-based provider of innovative medical devices, introduced the ReSolve Thoracostomy Tray to improve patient care and meet the clinical demand for thoracostomy procedures. This innovative solution, tailored for thoracostomy procedures, facilitates the safe removal of air or fluid from the pleural space, addressing conditions such as pneumothorax or pleural effusion. This underscores Merit Medical's commitment to delivering specialized medical devices tailored to clinical requirements, ultimately enhancing patient care.

In June 2021, Steris plc, an Ireland-based medical equipment company, acquired Cantel Medical Corporation for an undisclosed sum. Through this acquisition, STERIS aims to leverage its infection prevention products and services across endoscopy, dental, dialysis, and life sciences, thereby enhancing value for customers, employees, and shareholders by expanding its offerings. Cantel Medical Corporation is a US-based manufacturer of procedure trays.

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 Aktiengesellschaft, CPT Medical Inc., C. R. Bard Inc., CareFusion Corporation.

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.

The countries covered in the procedure trays market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A procedure tray, also referred to as an instrument tray, is a pre-arranged assortment of medical tools and materials designed to streamline specific medical procedures. These trays are commonly utilized across diverse healthcare environments to ensure prompt access to all necessary equipment, fostering organized and efficient patient care.

The primary types of procedure trays include those tailored for operating rooms, angiography, ophthalmic procedures, and other specialized applications. The operating room (OR), also recognized as the surgery suite, serves as a dedicated facility within hospitals or medical centers for conducting surgical interventions. These trays are packaged in various forms such as boxes, molds, and wraps, catering to a range of end-users including hospitals, clinics, and other medical facilities.

The procedure trays market research report is one of a series of new reports that provides procedure trays market statistics, including procedure trays industry global market size, regional shares, competitors with a procedure trays market share, detailed procedure trays market segments, market trends, and opportunities, and any further data you may need to thrive in the procedure trays industry. This procedure trays market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The procedure trays market consists of sales of surgical trays, diagnostic trays, dressing change trays, IV start trays, dental trays, and orthopedic trays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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