Press release
Procedure Trays Market Business Opportunity to 2027 - Top Companies Nelipak, Medica Europe BV, Biometrix, Mölnlycke Health Care AB
Procedure Trays
The procedure trays market by product type is segmented into angiography, ophthalmology, operating room, and anesthesia room. In 2018, the operating room held a 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 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.
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Some of the prominent players operating in procedure trays market are, Biometrix, Medica Europe BV, 3M, BD, Owens & Minor, Inc., Medline Industries, Inc., Mölnlycke Health Care AB, Nelipak Corporation, Teleflex Incorporated, and Cardinal Health, Inc. among the others.
The market players are focused towards bringing mergers and acquisitions to sustain their position in the market. For instance, in January 2019 BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced it has completed the acquisition of C. R. Bard, Inc. (NYSE: BCR), creating a new health care industry leader with approximately $16 billion in annualized revenue. C. R. Bard, Inc. provides urology trays, Suprapubic Trays, dressing trays and others. Thus enhancing BD’s product portfolio. The developments performed by the companies are helping the market to grow in the coming years.
The rise of the surgical procedures has also increased the use of procedure trays to perform the surgery. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals, among others, cause chronic diseases. Surgeons on a large scale have opted procedure trays in the past few years. Procedure trays have been used for several surgeries like laparoscopic surgeries, orthopedic surgeries, cardiovascular surgeries, ophthalmology surgeries, cosmetic surgeries and others. For instance, According to the American Society of Plastic Surgeons (ASPS) annual plastic surgery statistics report, there were more than 17.7 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2018, a number that has risen steadily over the past five years.
In recent years, there have been considerable developments 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. Gaining time means that it is possible to work more efficiently and thus to optimize the planning of operations. Operation theatre logistics are simplified. There is a reduction in the number of activities required to get the right products to the right place on time. The fact that custom procedure trays are supplied just in time means that the hospital can simplify its logistics and control its costs. Optimizing procedure trays creates numerous benefits for both surgery centers and their patients by reducing the variation that causes waste and inefficiency, while also improving clinician workflow and patient throughput.
PROCEDURE TRAYS - MARKET SEGMENTATION
Global Procedure trays market - By Product Type
Angiography
Ophthalmology
Operating Room
Anesthesia Room
Global Procedure trays market - By End User
Hospitals
Ambulatory Surgical Centres
Clinics
Global Procedure trays Market - By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific (APAC)
Japan
China
India
South Korea
Australia
Middle East & Africa (MEA)
South Africa
UAE
Saudi Arabia
South & Central America (SCAM)
Brazil
Argentina
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