Summary

The procedure trays market is expected to grow at a strong CAGR of around 9% during the forecast period. The growing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes, is driving the demand for surgical procedures. This, in turn, is increasing the demand for procedure trays, which are essential for the safe and efficient execution of surgical procedures. Apart from this, advancements in surgical technology have led to the development of new surgical instruments and equipment that require specialized trays. This has increased the demand for procedure trays that are designed to hold these new instruments and equipment. For instance, in May 2022, Whitney Medical solutions launched the isolation room solution, Iso Tray. The Iso-tray was designed to be disposable and act as a single-use procedure tray to reduce the risk of infection and cross-contamination during invasive clinical procedures.

Some of the major players operating in the market include Owens & Minor, Inc; Mölnlycke Health Care AB; Cardinal Health; BD; CPT Medical; Merit Medical Systems; Teleflex Incorporated; 3M; B. Braun SE; and Medica Europe BV.. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst product, the angiography segment to grow with high CAGR during the forecast period”
Based on product, the market is segmented into operating room, angiography, ophthalmic, and others. The angiography segment is anticipated to grow with high CAGR during the forecast period as cardiovascular diseases are one of the major cause of morbidity and mortality around the world. According to the American Heart Association, cardiovascular diseases are the leading cause of death, accounting for 17.9 million deaths per year, and this number is expected to increase to over 23.6 million by 2030. The surge in the incidence of cardiovascular diseases and the availability of technologically advanced devices for use in surgeries are factors expected to fuel the growth of the angiography segment.

“Amongst end user, the hospitals category held a significant share of the market in 2021”
By end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others. The hospitals held the dominant share of the market in 2021. To avoid hospital-associated infections, sterilized surgical supplies and equipment washing are essential. As a result, the utilization of procedure trays is heavily reliant upon the medical professionals and employees in operating rooms.

“APAC to grow with high CAGR during the forecast period”
APAC is expected to grow with the highest CAGR during the forecast period due to rising disposable income, the surge in the prevalence of chronic disease, rising research and development activities, and increasing awareness among individuals. Among these, China is expected to hold the largest market share during the forecast period, due to the increasing number of surgical procedures being performed in the country and the growing demand for minimally invasive procedures. According to a report by China's National Health Commission, there were over 60 million surgeries performed in China in 2019. This represents a significant increase from previous years, and it is driven by factors such as the growing aging population, the increasing prevalence of chronic diseases, and the improving healthcare infrastructure in the country. India is also expected to experience significant growth during the forecast period, due to the rising focus on infection control and prevention and the increasing number of medical facilities in the country.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global procedure trays market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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