Procedure Trays Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Product (Operating Room, Angiography, Ophthalmic, and Others); End User (Hospitals, Clinics, Ambulatory Surgical Centers, and Others); Region/Country.

Pages:

148

Table:

58

Figure:

98

Report ID:

UMHE211751

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Procedure Trays Market
Procedure Trays Market

The procedure trays market is expected to grow at a strong CAGR of around 9% during the forecast period. The growing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes, is driving the demand for surgical procedures. This, in turn, is increasing the demand for procedure trays, which are essential for the safe and efficient execution of surgical procedures. Apart from this, advancements in surgical technology have led to the development of new surgical instruments and equipment that require specialized trays. This has increased the demand for procedure trays that are designed to hold these new instruments and equipment. For instance, in May 2022, Whitney Medical solutions launched the isolation room solution, Iso Tray. The Iso-tray was designed to be disposable and act as a single-use procedure tray to reduce the risk of infection and cross-contamination during invasive clinical procedures.

Some of the major players operating in the market include Owens & Minor, Inc; Mölnlycke Health Care AB; Cardinal Health; BD; CPT Medical; Merit Medical Systems; Teleflex Incorporated; 3M; B. Braun SE; and Medica Europe BV.. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst product, the angiography segment to grow with high CAGR during the forecast period”

Based on product, the market is segmented into operating room, angiography, ophthalmic, and others. The angiography segment is anticipated to grow with high CAGR during the forecast period as cardiovascular diseases are one of the major cause of morbidity and mortality around the world. According to the American Heart Association, cardiovascular diseases are the leading cause of death, accounting for 17.9 million deaths per year, and this number is expected to increase to over 23.6 million by 2030. The surge in the incidence of cardiovascular diseases and the availability of technologically advanced devices for use in surgeries are factors expected to fuel the growth of the angiography segment.

“Amongst end user, the hospitals category held a significant share of the market in 2021”

By end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others. The hospitals held the dominant share of the market in 2021. To avoid hospital-associated infections, sterilized surgical supplies and equipment washing are essential. As a result, the utilization of procedure trays is heavily reliant upon the medical professionals and employees in operating rooms.

“APAC to grow with high CAGR during the forecast period”

APAC is expected to grow with the highest CAGR during the forecast period due to rising disposable income, the surge in the prevalence of chronic disease, rising research and development activities, and increasing awareness among individuals. Among these, China is expected to hold the largest market share during the forecast period, due to the increasing number of surgical procedures being performed in the country and the growing demand for minimally invasive procedures. According to a report by China’s National Health Commission, there were over 60 million surgeries performed in China in 2019. This represents a significant increase from previous years, and it is driven by factors such as the growing aging population, the increasing prevalence of chronic diseases, and the improving healthcare infrastructure in the country. India is also expected to experience significant growth during the forecast period, due to the rising focus on infection control and prevention and the increasing number of medical facilities in the country.

Procedure Trays Market Report Coverage

Report Attribute Details
Base year 2021
Forecast period 2022-2028
Growth momentum Accelerate at a CAGR of 9%
Market size 2021 USD 12 billion
Regional analysis North America, Europe, APAC, Rest of the World
Major contributing region Asia-Pacific is expected to grow at the highest CAGR during the forecasted period
Key countries covered U.S., Canada, Germany, United Kingdom, Spain, Italy, France, China, Japan, and India
Companies profiled Owens & Minor, Inc; Mölnlycke Health Care AB; Cardinal Health; BD; CPT Medical; Merit Medical Systems; Teleflex Incorporated; 3M; B. Braun SE; and Medica Europe BV
Report Scope Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling
Segments Covered By Product; By End User;  By Region/Country

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

Customization Options:

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the Procedure Trays Market 
2.2.Research Methodology of the Procedure Trays Market 
2.3.Respondent Profile   

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5IMPACT OF COVID-19 ON THE PROCEDURE TRAYS MARKET

 

6PROCEDURE TRAYS MARKET REVENUE (USD BN), 2020-2028F

 

7.1.Operating Room
7.2.Angiography
7.3.Ophthalmic
7.4.Others 

 

8.1.Hospitals  
8.2.Clinics  
8.3.Ambulatory Surgical Centers
8.4.Others  

 

9.1.North America    
 9.1.1.U.S.  
 9.1.2.Canada  
 9.1.3.Rest of North America
9.2.Europe    
 9.2.1.Germany  
 9.2.2.U.K.  
 9.2.3.France  
 9.2.4.Italy  
 9.2.5.Spain  
 9.2.6.Rest of Europe 
9.3.Asia-Pacific   
 9.3.1.China  
 9.3.2.Japan  
 9.3.3.India  
 9.3.4.Rest of Asia-Pacific 
9.4.Rest of World   

 

10.1.Market Drivers
10.2.Market Challenges

 

11PROCEDURE TRAYS MARKET OPPORTUNITIES

 

12PROCEDURE TRAYS MARKET TRENDS

 

13.1.Demand Side Analysis
13.2.Supply Side Analysis
14VALUE CHAIN ANALYSIS

 

15.1.Competitive Landscape
 15.1.1.Porters Fiver Forces Analysis

 

16.1.Owens & Minor, Inc 
16.2.Mölnlycke Health Care AB
16.3.Cardinal Health 
16.4.BD  
16.5.CPT Medical 
16.6.Merit Medical Systems
16.7.Teleflex Incorporated
16.8.3M  
16.9.B. Braun SE 
16.10.Medica Europe BV 

 

17DISCLAIMER

 

Research Methodology

Research Methodology for the Procedure Trays Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global procedure trays market were the three major steps undertaken to create and analyze the adoption of procedure trays in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global procedure trays market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the procedure trays market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the procedure trays market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product, and end user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the procedure trays market. Further, we conducted factor analysis using dependent and independent variables such as product, and end user of the procedure trays market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the procedure trays market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global procedure trays market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the procedure trays market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global procedure trays market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Procedure Trays Market
Procedure Trays Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global procedure trays market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the product and end user in the global procedure trays market.

The main objective of the Global Procedure Trays Market Study

The current & future market trends of the global procedure trays market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the procedure trays market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of the product, and end user
  • Define and analysis of the regulatory framework for the procedure trays industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the procedure trays market for the major region
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
  • Company profiles of the procedure trays market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?