Surge in Medical Tourism Fuels the Europe Procedure Trays Market
Many countries are becoming popular destinations for health seekers. According to the Medical Tourism Association (MTA), ~14 million people travel to other countries for medical care yearly. The advancements in medical devices and non-invasive surgical procedures are the major factors responsible for the increasing medical tourism. According to the Centers forAccording to an article published in the Medical Tourism Journal, European countries offer high-quality and low-cost medical care. Medical technology and pharmaceutical companies in Europe are well-known for providing a cutting-edge research environment for continuous medical innovations. Europe has several major medical clusters that specialize in caring for medical tourists from all over the world. For instance, Poland is one of the most preferred medical tourism destinations in this region. Medical tourists visit this country for plastic surgeries, weight loss surgeries, cardiovascular surgeries, and orthopedic treatments. The costs of these surgical procedures are lower than those in developed countries. Similarly, medical tourists prefer Switzerland for treatments as the country has more than 500 hospitals, whereby 40 plus hospitals are private medical centers. Spain is another European country with many large hospitals and well-established clinics catering to international patients. Spaincares, a healthcare service platform, claims that the country welcomes ~140,000 medical tourists annually, with the largest number of patients from the UK. Thus, with developments in healthcare services leads to an increase in medical tourism, thereby bolstering the number of surgical procedures carried out which, in turn, boosts the growth of the Europe procedure trays market.
Europe Procedure Trays Market Overview
The procedure trays market in Europe is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The market in the region is likely to show strong growth during the forecast period due to the rising prevalence of chronic diseases in European countries such as the UK, France, and Italy. The developments in the healthcare systems are expected to propel the demand for procedure trays across the region. According to Deutsche Zentren Der Gesundheitsforschung (DZG), the causes of death in Germany are mostly due to cardiovascular diseases, often chronic. According to Eurostat, ~38,900 heart bypasses were conducted in 2020 in Germany - more than double the number in any other EU country. The UK homes several advanced treatment clinics offering various surgical procedures. According to the British Journal of Anesthesia, in 2023, ~11 million surgical procedures are performed annually in the UK. According to British Heart Foundation, in 2020, ~371,000 heart procedures and operations were performed in the UK.The growing incidence and prevalence of diseases directly propel the number of surgical procedures. The increasing surgical procedures have accelerated the demand for surgical instruments. According to the article published in JAMA, in 2023, hospitalizations due to cancer removal surgeries account for about 7,000 inpatient stays for liver cancer, 4,000 for pancreatic cancer, 7,700 for ovarian cancer, 1,300 for esophageal cancer, 23,000 for ENT cancer, 78,000 for breast cancer, and 16,600 for thoracic malignancies each year in France.
Overweight and obesity, diabetes, hypertension, and hypercholesterolemia are leading chronic diseases in Spain. According to the Annual Report on the National Health System of Spain 2020, the most frequently reported chronic health problems in the adult population of Spain are arterial hypertension (42.6%), pain in the lumbar spine (19.5%), osteoarthritis (10.2%), and cervical back pain (19.9%). In Spain, the Europe procedure trays market growth is driven due to the prevalence of chronic diseases. Therefore, the increasing number of hospitals and surgical procedures performed catalyze the demand for procedure trays in the region.
Europe Procedure Trays Market Revenue and Forecast to 2030 (US$ Million)
Europe Procedure Trays Market Segmentation
The Europe procedure trays market is segmented based on application, end user, and country.Based on application, the Europe procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held the largest share in 2022.
By end user, the Europe procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held the largest share in 2022.
Based on country, the Europe procedure trays market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe procedure trays market in 2022.
3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Medica Europe BV, Molnlycke Health Care AB, Nelipak Corporation, Owens & Minor Inc, and Teleflex Incorporated are some of the leading companies operating in the Europe procedure trays market.
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Table of Contents
Companies Mentioned
- 3M Co
- BD
- Biometrix
- Cardinal Health Inc
- ICU Medical Inc
- Medica Europe BV
- Molnlycke Health Care AB
- Nelipak Corporation
- Owens & Minor Inc
- Teleflex Incorporated