USD 18 billion
Procedure Trays Market Size, Share, Growth Analysis, By Product(Operating Room, Angiography, Ophthalmic, Others), By Packaging(Box, Mold, Wrap), By End-User(Hospitals, Clinics & Other Facilities), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35H2190 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
90
|Figures:
76
Procedure Trays Market Insights
Procedure Trays Market size was valued at USD 20.16 Billion in 2023 and is poised to grow from USD 22.58 Billion in 2024 to USD 55.91 Billion by 2032, growing at a CAGR of 12% during the forecast period (2025-2032).
The anticipated growth of the procedure trays market is heavily influenced by the increasing global volume of surgeries. This trend is driven by the rise in minimally invasive and non-invasive procedures, contributing to a higher frequency of surgeries performed annually. Consequently, the demand for procedure trays is expected to surge in the near future. The preference for non-invasive or minimally invasive surgeries is primarily motivated by the desire to mitigate the infection risks associated with invasive procedures. Additionally, these types of operations lead to shorter hospital stays, offering time and cost savings.
Several factors contribute to the projected increase in surgical procedures during the forecast period. These include a higher occurrence of road accidents, a growing elderly population, and escalated healthcare expenditures in emerging economies. Projections indicate that global healthcare spending could exceed USD 25.00 trillion by 2040, as indicated by the U.S. Census Bureau. Furthermore, the World Health Organization predicts that the global population aged 60 and above will double by 2050, reaching 2.1 billion individuals.
US Procedure Trays Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
12% CAGR
Global Procedure Trays Market ($ Bn)
Country Share for North America Region (%)
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Procedure Trays Market Segmental Analysis
The global procedure trays market is segmented on the basis of product, packaging, end – user, region. By product, the market is segmented into operating room, angiography, ophthalmic, others. By packaging, the market is segmented into box, mold, wrap. By end – user, the market is segmented into hospitals, clinics & other facilities. By region, the market is segmented into North America, Europe, Latin America, Asia- Pacific, Middle East and Africa.
Procedure Trays Market Analysis By Product
The dominant sector in the market was the operating room, securing over 58.34% of the global revenue. This segment is projected to maintain its prominence over the entire forecast period. A substantial catalyst for the market's expansion is the escalating volume of surgical procedures conducted worldwide. Regulatory mandates from governments endorsing the use of single-use sterile equipment to curtail infections are also contributing significantly to the surge in demand for procedure trays.
As indicated by the International Osteoporosis Foundation, approximately 200 million women globally are affected by osteoporosis. Moreover, estimates suggest that occurrences of hip fractures in men could rise by 310%, and in women by 240%, by 2050. Consequently, the escalating prevalence of osteoporosis and fractures is projected to heighten the demand for orthopedic surgeries. Subsequent to the operating room, the angiography domain emerges as the second prominent segment, capturing over 21.14% of the global revenue in 2021. Cardiovascular ailments are a significant source of morbidity and mortality on a global scale. The increasing prevalence of heart conditions, coupled with the availability of cutting-edge devices for surgical applications, is anticipated to propel the growth of the angiography sector.
Procedure Trays Market Analysis By End - User
Leading the industry, hospitals commanded more than 51.19% of the global revenue share. Within hospitals, surgery departments and operating rooms exhibit diverse requirements. Essential to curbing hospital-acquired infections, the availability of sterile supplies for surgeries and the proper decontamination of instruments are of paramount importance. As a result, medical professionals and operating room personnel heavily rely on the utilization of procedure trays. The adoption of these trays serves as a means to diminish infection occurrences and concurrently contributes to cost reduction.
Concurrently, the clinics and alternative facilities sector is poised to experience the swiftest Compound Annual Growth Rate (CAGR) of 11.47% during the projected timeline. This category encompasses an array of healthcare establishments, including individual physician practices, dental clinics, nursing homes, outpatient clinics, and ambulatory care centers. A significant proportion of nonsurgical procedures requiring procedure trays, kits, and packs are carried out in outpatient care settings. The gamut of procedures undertaken at clinics and ambulatory centers encompasses ophthalmic interventions, urological incontinence procedures, and angiography. Notably, angiography, a pivotal non-interventional procedure, is frequently conducted at outpatient clinics.
Global Procedure Trays Market By End - User
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Procedure Trays Market Regional Insights
North America asserted its dominance over the market, commanding a substantial share of over 44.78% of global revenue. This region's ascendancy can be attributed to multifaceted government initiatives promoting the use of single-use medical resources to mitigate infection risks. Additionally, the presence of influential market players in this geographic area is poised to contribute significantly to its ongoing growth trajectory. Moreover, the North American region is confronted with the dual dynamics of an expanding aging population and the prevalence of chronic ailments, including osteoporosis and cardiovascular conditions. This, coupled with a heightened awareness of healthcare practices and access to advanced surgical methodologies, is anticipated to drive a notable surge in the demand for surgical interventions across this region.
Moving across the Atlantic, the European market is anticipated to achieve a commendable CAGR of 12.79% during the stipulated forecast period. Within this region, noteworthy contributors include the United Kingdom, Germany, France, and Italy. Among these, Germany emerged as the foremost contender in 2021, followed by the United Kingdom. The remarkable market share attributed to this region can be attributed to various factors, including the augmenting reimbursement structures for surgical procedures, the substantial presence of an aging population, a robust embrace of advanced medical technology, and an escalating preference for minimally invasive techniques in lieu of conventional methodologies. Notably, Cardiovascular Diseases (CVDs) remain a primary cause of mortality across many countries within the European landscape.
Global Procedure Trays Market By Geography
- Largest
- Fastest
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Procedure Trays Market Dynamics
Procedure Trays Market Drivers
Prevention of Infections
- Government regulations and healthcare guidelines emphasizing the use of single-use sterile equipment to prevent hospital-acquired infections boost the demand for procedure trays.
Advancements in Surgical Techniques
- The continuous development of minimally invasive and non-invasive surgical procedures necessitates specialized trays that enhance efficiency and safety.
Rising Surgical Procedures
- The growing number of surgical interventions globally, driven by an aging population and increasing prevalence of chronic diseases, is a significant driver for the procedure trays market.
Procedure Trays Market Restraints
High Initial Investment
- Establishing the manufacturing and packaging infrastructure required for producing custom procedure trays can involve substantial upfront costs.
Environmental Concerns
- The increased use of single-use medical supplies, including procedure trays, raises environmental concerns due to the generation of medical waste.
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Procedure Trays Market Competitive Landscape
The global procedure trays market boasts a dynamic competitive landscape characterized by the presence of numerous established and emerging players vying for market share. Key industry players are focusing on product innovation, customization, and strategic collaborations to strengthen their foothold in the market. Leading companies are consistently investing in research and development to introduce advanced, efficient, and specialized procedure tray solutions tailored to diverse surgical requirements.
Mergers, acquisitions, and partnerships are common strategies employed to expand product portfolios, enhance geographic reach, and tap into new market segments. These collaborations facilitate the exchange of expertise, resources, and technological know-how, fostering growth and innovation
Additionally, market participants are increasingly focusing on sustainability by adopting environmentally friendly materials and packaging solutions. This aligns with the growing demand for eco-conscious medical devices and reflects a commitment to addressing environmental concerns.
Procedure Trays Market Top Player’s Company Profiles
- Becton, Dickinson and Company (USA)
- Cardinal Health, Inc. (USA)
- Owens & Minor, Inc. (USA)
- 3M Company (USA)
- Mölnlycke Health Care AB (Sweden)
- Smith & Nephew plc (UK)
- B. Braun Melsungen AG (Germany)
- Medline Industries, Inc. (USA)
- Halyard Health, Inc. (USA)
- Medtronic plc (Ireland)
- Thermo Fisher Scientific Inc. (USA)
- Merit Medical Systems, Inc. (USA)
- Mölnlycke Health Care AB (Sweden)
- Terumo Corporation (Japan)
- Teleflex Incorporated (USA)
- Ethicon, Inc. (USA)
- C.R. Bard, Inc. (USA)
- Centurion Medical Products Corporation (USA)
- Mölnlycke Health Care AB (Sweden)
- Aspen Surgical Products, Inc. (USA)
Procedure Trays Market Recent Developments
-
In January 2024, SEE launched a compostable protein packaging tray at IPPE 2024.
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In November 2023, Bengaluru International Airport Limited (BIAL), the operator of KIA, announced that flyers at Bengaluru airport will never again have to put devices in trays for security checking. The trial of the CTX machine at Terminal 2 of Bengaluru Air Terminal is set to start soon, as announced by the Economic Times earlier.
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In October 2023, Spine Wave and eCential Robotics announced a partnership to team up on creating spine surgery applications and mutually market the eCential Advanced Robotics open platform for robotic surgery procedures in the USA.
Procedure Trays Key Market Trends
- Personalized Procedure Trays: Customization of procedure trays to meet specific surgical requirements is gaining traction, allowing healthcare facilities to optimize their inventory and streamline processes.
- Shift towards Outpatient Settings: The rise in outpatient surgeries and the demand for efficient, compact procedure trays that suit these settings are shaping tray design and composition.
- Focus on Infection Control: As infection prevention remains a priority, continuous advancements in antimicrobial materials and designs that minimize contamination are gaining attention.
Procedure Trays Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global procedure trays market analysis, the global procedure trays market is undergoing a transformative phase driven by factors such as the escalating demand for surgical interventions, stringent infection prevention measures, and technological advancements. The market's landscape is characterized by fierce competition among both established and emerging players striving to innovate and customize solutions to cater to diverse surgical needs.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 18 billion |
| Market size value in 2031 | USD 49.92 billion |
| Growth Rate | 12% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Procedure Trays Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Procedure Trays Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Procedure Trays Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Procedure Trays Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Procedure Trays Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Procedure Trays Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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