The global procedure trays market size was estimated to be USD 19.64 billion in 2023 and is expected to reach at USD 65.23 billion by 2034 with a CAGR of 11.53% during the forecast period 2024-2034. The surge in surgical procedures, the emergence of minimally invasive & non-invasive techniques, a rise in chronic illnesses, an uptick in road accidents, a growing aging population, escalating healthcare expenditures, increasing volume of medical procedures, surge in government efforts to promote the use of disposable medical supplies for infection prevention in operating rooms, continuous technological advancements, and rising introduction of new procedure trays are some of the key factors boosting the market growth.
Rising introduction of new procedure trays is predicted to boost the market growth during the forecast period. Procedure trays find application in diverse hospital procedures, encompassing various disposable items necessary for specific processes. These trays provide users with a range of single-use components, thereby improving the convenience of managing surgical interventions. For instance, in April 2022, Merit Medical System Inc has unveiled the Resolve Thoracostomy tray, a comprehensive collection of tools designed for performing thoracostomy procedures. This minimally invasive technique allows patients to undergo the drainage of fluid or air from the chest without requiring traditional open surgical procedures.
By product, operating room was the highest revenue-grossing segment in the global procedure trays market in 2023 owing to the increasing number of surgeries conducted, elevated occurrences of osteoporosis & fractures, government regulations promoting the adoption of single-use sterile equipment for infection prevention, the consolidation of prominent market players through mergers & acquisitions, and rising launch of new products. For instance, in February 2023, NewGen Surgical is introducing its first set of Biobased Trays customized for specific medical procedures. Initially designed for ophthalmology, these trays are versatile enough to be utilized in a range of surgical and medical settings. Additionally, angiography is predicted to grow at fastest CAGR during the forecast period owing to the rising incidence of heart diseases is accompanied by the accessibility of state-of-the-art surgical devices. Angiography, a non-interventional diagnostic procedure for coronary heart disease, is typically conducted in radiology units. There is a high degree of standardization in angiography trays, with fluid management systems being a crucial component.
By end-user, hospitals was the highest revenue-grossing segment in the global procedure trays market in 2023. Hospitals' surgery departments and operating rooms have diverse requirements, with the provision of sterile supplies for surgeries and the decontamination of instruments playing a critical role in preventing hospital-associated infections. Consequently, medical professionals and operating room personnel heavily rely on the utilization of procedure trays. The adoption of these trays contributes significantly to lowering infection rates and, concurrently, leads to cost savings. For instance, in June 2022, Whitney Medical Solutions has introduced the Iso Tray, an isolation room solution designed to be disposable and serve as a single-use procedure tray. This innovation aims to minimize the risk of infection and cross-contamination during invasive clinical procedures. Additionally, clinics & other facilities is predicted to grow at fastest CAGR during the forecast period owing to the majority of nonsurgical procedures utilizing procedure trays, kits, & packs take place in outpatient care settings.
North America region is anticipated for the highest revenue share during the forecast period owing to the government initiatives promoting the adoption of single-use medical supplies for infection prevention, rise in the aging population, an increasing prevalence of chronic conditions such as osteoporosis & heart-related issues, heightened awareness about healthcare & advanced surgical techniques, a growing number of surgical procedures, escalating research & development spending, and continuous technological advancements. For instance, in May 2023, Ahlstrom is broadening its product range for the medical sector with the introduction of Reliance Fusion. This next-generation simultaneous sterilization wrap is designed to enhance efficiency in the sterilization process of surgical equipment trays within hospital settings. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rise in reimbursement for surgical procedures, widespread adoption of advanced technology, a growing preference for minimally invasive procedures over traditional methods, and surge in collaborations within market players. For instance, in October 2022, BD India, a leading med-tech company, has collaborated with the prestigious Raja Ramanna Centre for Advanced Technology (RRCAT), a government research organization in India. This partnership involves the sterilization of BD India's medical device, Venflon Pro, using electron beam (e-beam) technology at RRCAT's facility in Indore.
Rising introduction of new procedure trays is predicted to boost the market growth during the forecast period. Procedure trays find application in diverse hospital procedures, encompassing various disposable items necessary for specific processes. These trays provide users with a range of single-use components, thereby improving the convenience of managing surgical interventions. For instance, in April 2022, Merit Medical System Inc has unveiled the Resolve Thoracostomy tray, a comprehensive collection of tools designed for performing thoracostomy procedures. This minimally invasive technique allows patients to undergo the drainage of fluid or air from the chest without requiring traditional open surgical procedures.
By product, operating room was the highest revenue-grossing segment in the global procedure trays market in 2023 owing to the increasing number of surgeries conducted, elevated occurrences of osteoporosis & fractures, government regulations promoting the adoption of single-use sterile equipment for infection prevention, the consolidation of prominent market players through mergers & acquisitions, and rising launch of new products. For instance, in February 2023, NewGen Surgical is introducing its first set of Biobased Trays customized for specific medical procedures. Initially designed for ophthalmology, these trays are versatile enough to be utilized in a range of surgical and medical settings. Additionally, angiography is predicted to grow at fastest CAGR during the forecast period owing to the rising incidence of heart diseases is accompanied by the accessibility of state-of-the-art surgical devices. Angiography, a non-interventional diagnostic procedure for coronary heart disease, is typically conducted in radiology units. There is a high degree of standardization in angiography trays, with fluid management systems being a crucial component.
By end-user, hospitals was the highest revenue-grossing segment in the global procedure trays market in 2023. Hospitals' surgery departments and operating rooms have diverse requirements, with the provision of sterile supplies for surgeries and the decontamination of instruments playing a critical role in preventing hospital-associated infections. Consequently, medical professionals and operating room personnel heavily rely on the utilization of procedure trays. The adoption of these trays contributes significantly to lowering infection rates and, concurrently, leads to cost savings. For instance, in June 2022, Whitney Medical Solutions has introduced the Iso Tray, an isolation room solution designed to be disposable and serve as a single-use procedure tray. This innovation aims to minimize the risk of infection and cross-contamination during invasive clinical procedures. Additionally, clinics & other facilities is predicted to grow at fastest CAGR during the forecast period owing to the majority of nonsurgical procedures utilizing procedure trays, kits, & packs take place in outpatient care settings.
North America region is anticipated for the highest revenue share during the forecast period owing to the government initiatives promoting the adoption of single-use medical supplies for infection prevention, rise in the aging population, an increasing prevalence of chronic conditions such as osteoporosis & heart-related issues, heightened awareness about healthcare & advanced surgical techniques, a growing number of surgical procedures, escalating research & development spending, and continuous technological advancements. For instance, in May 2023, Ahlstrom is broadening its product range for the medical sector with the introduction of Reliance Fusion. This next-generation simultaneous sterilization wrap is designed to enhance efficiency in the sterilization process of surgical equipment trays within hospital settings. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rise in reimbursement for surgical procedures, widespread adoption of advanced technology, a growing preference for minimally invasive procedures over traditional methods, and surge in collaborations within market players. For instance, in October 2022, BD India, a leading med-tech company, has collaborated with the prestigious Raja Ramanna Centre for Advanced Technology (RRCAT), a government research organization in India. This partnership involves the sterilization of BD India's medical device, Venflon Pro, using electron beam (e-beam) technology at RRCAT's facility in Indore.
Segmentation: Procedure Trays Market Report 2023 - 2034
Procedure Trays Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Ophthalmic
- Angiography
- Operating Room
- Others
Procedure Trays Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Clinics & Other Facilities
Procedure Trays Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Procedure Trays Market: Product Estimates & Trend Analysis
8. Procedure Trays Market: End-user Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Procedure Trays Market
11. Europe Global Procedure Trays Market
12. Asia Pacific Global Procedure Trays Market
13. Latin America Global Procedure Trays Market
14. MEA Global Procedure Trays Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- BD (Becton
- Dickinson and Company)
- Teleflex Incorporated
- Cardinal Health
- Mölnlycke Health Care AB
- Owens & Minor Inc.
- Medtronic
- Merit Medical Systems
- PAUL HARTMANN AG
- 3M
- B. Braun SE.
- CPT Medical
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 19.64 Billion |
| Forecasted Market Value ( USD | $ 65.23 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
