DUBLIN--(BUSINESS WIRE)--The "Procedure Trays Market to 2027 - Global Analysis and Forecasts by Product Type; and By End-User and Geography" report has been added to ResearchAndMarkets.com's offering.
The global procedure trays market is expected to reach US$ 21,725.7 Mn in 2027 from US$ 8,768.9 Mn in 2018. The market is estimated to grow with a CAGR of 10.8% from 2019-2027.
The growth of the market is primarily attributed to various factors such as benefits offered by customized procedure trays, an increase in the number of surgical procedures, and introduction of rules and regulations to implement better healthcare facilities. However, increased concerns over the safe disposal of procedure trays are likely to act as restraining factors for the procedure trays market.
In recent years, there has been considerable development in the field of procedure trays. The growing of surgical procedures has increased the demand for surgical instruments. Procedure trays offer benefits such as performing surgical procedures like hip, hand, and pacemaker surgeries with ease and accuracy. An enormous amount of time can be saved, during the surgical procedure and in the preparations for an operation.
Minor procedure kits and trays are designed to save time and reduce costs associated with in-house assembly and instrument reprocessing. Instead of creating storage space in the medical facility for numerous, individually packaged items which are pulled again and again for similar procedures, minor procedure kits and trays are a single item pulled from one location.
Global procedure trays market, based on the product type was segmented into angiography, ophthalmology, operating room, and anesthesia room. In 2018, the operating room held the largest market share of 50.7% of the procedure trays market, by product type. The operating room segment is expected to dominate its market share in 2027 owing to the rising prevalence of the diseases and the increasing number of surgeries.
Also, the operating room segment is anticipated to witness the fastest growth rate of 7.3% during the forecast period, 2019 to 2027. In 2018, the hospitals held the largest market share of 45.5% of the procedure trays market, by end user. This segment is also expected to grow during the forecast period owing to the need for the growing number of surgical treatments that has become the major factor for the growth of the procedure trays market. However, the clinics segment is expected to grow at the fastest growth rate of 11.4% during the forecast period, 2019 to 2027.
Key Topics Covered:
1.1 Scope of The Study
1.2 Report Guidance
1.3 Market Segmentation
2. Global Procedure Trays Market - Key Takeaways
3. Research Methodology
4. Global Procedure Trays - Market Landscape
4.2 PEST Analysis
5. Global Procedure Trays Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Benefits offered By Customize Procedure Trays
5.1.2 Increase In The Number of Surgical Procedures
5.1.3 Introduction of Rules And Regulations To Implement Better Healthcare Facilities
5.2 Key Market Restraints
5.2.1 Increased Concerns Over The Safe Disposal of Procedure Trays
5.3 Key Market Opportunities
5.3.1 Increasing Medical Tourism In Emerging Nations
5.4 Future Trends
5.4.1 Increased Use of Minor Procedure Kits And Trays
5.5 Impact Analysis of Drivers And Restraints
6. Procedure Trays Market - Global Analysis
6.1 Global Procedure Trays Market Revenue Forecasts And Analysis
6.2 Global Procedure Trays Market, By Geography - Forecasts And Analysis
6.3 Performance of Key Players
6.3.1 Owens & Minor, Inc.
6.3.2 Mlnlycke Health Care AB
7. Procedure Trays Market Analysis And Forecasts To 2027 - Product Type
7.2 Global Procedure Trays Market Share By Product Type 2018 & 2027 (%)
7.3 Angiography Market
7.4 Ophthalmology Market
7.5 Operating Room Market
7.6 Anesthesia Room Market
8. Procedure Trays Market Analysis And Forecasts To 2027 - End User
8.2 Global Procedure Trays Market Share By End User 2018 & 2027 (%)
8.3 Hospitals Market
8.4 Clinics Market
8.5 Ambulatory Surgery Centers Market
9. Procedure Trays Market Revenue And Forecasts To 2027 - Geographical Analysis
10. Procedure Trays Market - Industry Landscape
10.2 Comparative Company Analysis
10.3 Growth Strategies Done By The Companies In The Market, (%)
10.4 Organic Developments
10.5 Inorganic Developments
11. Procedure Trays Market - Key Company Profiles
- Medica Europe BV
- Owens & Minor, Inc.
- Medline Industries, Inc
- Mlnlycke Health Care AB
- Nelipak Corporation
- Teleflex Incorporated
- Cardinal Health, Inc.
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