The procedure trays global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Procedure Trays Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The procedure trays market size has grown strongly in recent years. It will grow from $16.00 billion in 2023 to $17.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to standardization, frequency of road accidents, rise in demand for surgical instruments, increased adoption of procedure trays, and increased 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 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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Scope Of Procedure Trays MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Procedure Trays Market Overview
Market Drivers -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 January 2023, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, in 2021, there was a 19.3% increase in total medical procedures, with surgical procedures experiencing an 18.5% rise and non-surgical procedures seeing growth of 19.9% compared to 2020. Therefore, the Increasing number of surgical procedures is driving the growth of the procedure trays market.
Market Trends – 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.
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
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Regional Insights – 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.
Key Companies – 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
Table of Contents 1. Executive Summary2. Procedure Trays Market Report Structure3. Procedure Trays Market Trends And Strategies4. Procedure Trays Market – Macro Economic Scenario5. Procedure Trays Market Size And Growth…..27. Procedure Trays Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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