Global Procedure Trays Market to Reach $49.5 Billion by 2030
Procedure Trays estimated at US$23.8 Billion in the year 2023, is expected to reach US$49.5 Billion by 2030, growing at a CAGR of 11% over the analysis period 2023-2030. Operating Room Procedure Trays, one of the segments analyzed in the report, is expected to record a 11.6% CAGR and reach US$31.2 Billion by the end of the analysis period. Growth in the Angiography Procedure Trays segment is estimated at 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 14.5% CAGR
The Procedure Trays market in the U.S. is estimated at US$6.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.6 Billion by the year 2030 trailing a CAGR of 14.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 9.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.6 Billion by the year 2030.
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