Procedure Trays Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Procedure Trays Market is segmented By Product (Angiography, Operating Room, Ophthalmology), By End User and Geography.

Market Snapshot

Procedure Trays Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.5 %

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Market Overview

The Procedure Trays Market is expected to register a CAGR of 7% during the forecast period. This is attributing to an increasing number of surgeries, a decrease in procurement time and costs, and favorable government regulations for the prevention and control of healthcare-associated infections. As procedure trays are mostly preferred in ophthalmic procedures, cardiovascular procedures, orthopedics, wound management, and dental practices due to several benefits. These procedure trays when it is used in medical procedure chances of contamination or infection is low due to single used instruments are there in procedure trays. In addition, they are time-saving and reduce waste by 50% which is generated in surgical procedures. Moreover, the introduction of various rules and regulations to improve healthcare and implement better facilities by making surgical procedures and services more efficient are also fueling the revenue growth of the market. Furthermore, government initiative for using single-use sterile instruments to avoid infection, rising demand for minimally invasive procedure results in more patients opting for surgeries, and increasing the number of surgeries across the world will surge demand for advanced logistics and inventory. Thus, the aforementioned factors will trigger the growth of procedure trays market in future.

Scope of the Report

As per the scope, procedure trays are the set of all tools and instrument which are being used in surgeries and diagnostic procedure. These trays contain several types of single-use instrument which minimizes the time and make it convenient for the healthcare professional. Procedure Trays Market is segmented By Product, End User, and Geography.

By Product
Angiography
Operating Room
Ophthalmology
Others
By End User
Hospitals
Clinics
Ambulatory Surgical Centres
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Procedural trays in hospitals is Estimated to Witness a Healthy Growth in Future.

Procedural trays in hospitals are estimated to witness healthy growth in the future attributed to the majority of surgical procedures are being performed in hospitals. In addition, the growing number of hospitals across worlds will result in high adoption for procedure trays as these are cost-effective and time-saving. Moreover, operating room, cardiovascular surgical procedures, ophthalmic procedures, angiography are mostly performed in hospitals only. Thus, maintaining sterility in these procedures and in the operating room to prevent infections will result in high adoption of procedure trays in hospitals thereby boosting segment growth.

In Addition, the rising prevalence of surgical cosmetic procedures across the world will create a lucrative opportunity for the procedure trays market in the future.

key trends procedure trays.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Procedure Trays Market due to the rising number of surgical procedures, the presence of a large number of pharmaceutical companies, growing research and development expenditure, rising patient preference minimally invasive procedures, and technological advancements. The United States owns the largest share of Procedure Trays Market in the North America region Furthermore, presence of a large pool of geriatric population, the high adoption rate for advanced technology, increasing reimbursement for surgeries, and favorable government initiatives are also expected to fuel the Procedure Trays Market in this region.

geography procedure trays.png

Competitive Landscape

The Procedure Trays Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Mölnlycke Health Care, Becton, Dickinson, and Company, CPT Medical, Inc., Owens & Minor, Inc, Cardinal Health, Merit Medical Systems, Teleflex Incorporated, 3M, and B. Braun Melsungen AG.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Surgeries

      2. 4.2.2 Decrease in Procurement time and Costs

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Standardization

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Angiography

      2. 5.1.2 Operating Room

      3. 5.1.3 Ophthalmology

      4. 5.1.4 Others

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Clinics

      3. 5.2.3 Ambulatory Surgical Centres

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Mölnlycke Health Care

      2. 6.1.2 Becton, Dickinson and Company

      3. 6.1.3 CPT Medical, Inc.

      4. 6.1.4 Owens & Minor, Inc

      5. 6.1.5 Cardinal Health

      6. 6.1.6 Merit Medical Systems

      7. 6.1.7 Teleflex Incorporated

      8. 6.1.8 3M

      9. 6.1.9 B. Braun Melsungen AG

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Procedure Trays Market market is studied from 2018 - 2026.

The Procedure Trays Market is growing at a CAGR of 7.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Mölnlycke Health Care, Becton, Dickinson, and Company, CPT Medical, Inc, Owens & Minor, Inc, Cardinal Health are the major companies operating in Procedure Trays Market.

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