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

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

Procedure trays, also known as procedure packs or surgical packs, are pre-packaged medical kits containing all the necessary components required for a specific medical procedure. These trays are designed to increase efficiency, reduce waste, and ensure that medical professionals have everything they need in one convenient package. Procedure trays are widely used in hospitals, clinics, and other medical facilities around the world. The procedure trays market is expected to grow significantly in the coming years due to several factors, including increasing demand for minimally invasive surgical procedures, rising prevalence of chronic diseases, and a growing aging population. In addition, the ongoing COVID-19 pandemic has led to an increased focus on infection control and prevention, which has further boosted the demand for procedure trays.

The Procedure Trays Market is expected to grow at a strong CAGR of 9% during the forecast period owing to the rise in the number of surgeries. Moreover, the market is projected to be driven by the growing acceptability of minimally invasive, robotic, and computer-assisted surgery. For instance, the article Trauma of Large Surgery published in the National Center for Biotechnology Information (NCBI) in July 2020 estimates that approximately 310 million major surgeries are performed annually throughout the world. According to a study conducted by Weinstein Legal and published in March 2020, almost 30 million children and teenagers countrywide participate in youth sports each year. Surgery crises could ensue from this, which would raise the need for general surgery equipment even more.

• Based on product, the market is segmented into operating room, angiography, ophthalmic, and others. The operating room category held the dominant share of the market in 2021 mainly due to the rising number of operations in the world due to rise in the number of operations around the world. Government laws encouraging the use of single-use sterile equipment to prevent infections are helping to fuel the demand for procedure trays. Some of the components of operating room procedure trays are drapes, gowns, syringes, needles, suction tubes, and swabs.
• By end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others. The ambulatory surgical centers (ASC) is anticipated to grow with a high CAGR during the forecast period. Ambulatory surgical centers are modern medical facilities that provide same-day surgical care and their procedures do not require hospital admissions. Furthermore, the rising investment in ASC is also propelling the market growth in the coming years. For instance, in May 2021, Arizona-based Joel Rainwater launched a flagship Comprehensive Surgical Care center in Gilbert, Arizona, that includes three operating rooms equipped with advanced imaging systems. Similarly, in April 2021, a super-hybrid ambulatory surgical center was opened in Southern California, which offers the most comprehensive outpatient vascular surgical services within Orange County and represents a transformative vision for the future of ambulatory surgery. Thus, the increasing prevalence of chronic diseases coupled with the increasing investment in ASCs is expected to increase segmental growth over the forecast period.
• For a better understanding of the market adoption of the Sanger Sequencing Service industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America held a dominant share of the market in 2021. Several factors such as rise in the prevalence of chronic diseases and the associated increase in surgical procedures, the presence of major players, growing research and development activities, and a rise in patient preference for minimally invasive surgeries are propelling the growth of the procedure trays market in the region. According to Centers for Disease Control and Prevention (CDC) data in July 2022, coronary heart disease is the most common type of heart disease, and approximately 20.1 million adults of age 20 and older have the disease in the U.S. Moreover, the Canadian government is also focusing on healthcare investments. For instance, In March 2022, the federal government introduced Bill C-17 in the House of Commons, providing USD 2 billion in additional healthcare funding to clear 700,000 surgeries and other medical procedures delayed by the Covid-19 pandemic and support thousands of additional surgeries.
• 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.