How much is the procedure trays market worth, and how is it expected to expand?
The procedure trays market size has grown strongly in recent years. It will grow from $17.43 billion in 2024 to $19.09 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to standardization, frequency of road accidents, rise in demand for surgical instruments, increasing adoption of procedure trays, and increasing incidence of chronic diseases.
The procedure trays market size is expected to see strong growth in the next few years. It will grow to $27.12 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to increasing number of surgical procedures, expansion of the global population, regulatory compliance, and customization, surge in medical tourism, growing elderly population. Major trends in the forecast period include advancements in smart technology, personalized and specialty trays, integration of technology, integration with telehealth and remote monitoring, and artificial intelligence and automation.
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What are the key drivers behind the rapid expansion of the procedure trays market?
The increasing number of surgical procedures is expected to propel the growth of the procedure trays market going forward. Surgical procedures are medical interventions or treatments that involve invasive techniques to address or correct health conditions, injuries, or abnormalities within the body. Surgical procedures are increasing due to advancements in medical technology, an aging population, the prevalence of chronic diseases, improved access to healthcare, and patient demand and expectations. Procedure trays enhance surgical procedures’ efficiency, safety, and cost-effectiveness by providing a standardized and convenient solution for organizing and delivering the necessary instruments and supplies. For instance, in September 2023, according to the Global Survey 2022 report released by the International Society of Aesthetic Plastic Surgery, an US-based professional body for board-certified aesthetic plastic surgeons, the report indicates an 11.2% overall increase in procedures performed by plastic surgeons in 2022, with more than 14.9 million surgical procedures carried out globally. Over the past four years, there has been a steady rise in aesthetic surgery, showing a 41.3% increase. Therefore, the Increasing number of surgical procedures is driving the growth of the procedure trays market.
What is the segmentation for the 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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Who are the most influential companies 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 are the most influential trends expected to drive the procedure trays market forward?
Major companies operating in the procedure trays market focus on developing innovative products such as the thoracostomy tray to enhance patient safety and address the clinical need for thoracostomy procedures. A thoracostomy tray is a specialized medical kit used by healthcare professionals for thoracostomy procedures, which involve 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, launched ReSolve Thoracostomy Tray to enhance patient care and address the clinical need for thoracostomy procedures. This innovative solution, designed 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 dedication to providing specialized medical devices tailored to clinical needs, ultimately improving patient care.
What are the major regional insights for the procedure trays market, and which region holds the top position?
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.
What Does The Procedure Trays Market Report 2025 Offer?
The procedure trays market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A procedure tray, or an instrument tray, is a pre-assembled collection of medical instruments and supplies designed to facilitate specific medical procedures. These trays are commonly used in various healthcare settings to ensure that all necessary tools are readily available and organized for efficient and effective patient care.
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