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Procedure Trays Market Size, Insights, Growth Rate, Trends Analysis And Forecast To 2033
Procedure Trays Market Overview
As per the report, the procedure trays market size has grown strongly in recent years. It will grow from $16.00 billion in 2023 to $17.43 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The procedure trays market size is expected to see strong growth in the next few years. It will grow to $24.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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Driving Factors And Growth Trends In The Procedure Trays Market
The increasing number of surgical procedures is expected to propel the growth of the procedure trays market going forward. Surgical procedures are medical interventions or treatments that involve invasive techniques to address or correct health conditions, injuries, or abnormalities within the body. Surgical procedures are increasing due to advancements in medical technology, an aging population, the prevalence of chronic diseases, improved access to healthcare, and patient demand and expectations. Procedure trays enhance surgical procedures' efficiency, safety, and cost-effectiveness by providing a standardized and convenient solution for organizing and delivering the necessary instruments and supplies. For instance, in January 2023, according to a report published by the International Society of Aesthetic Plastic Surgery (ISAPS), a US-based professional non-governmental organization, in 2021, there was a 19.3% increase in total medical procedures, with surgical procedures experiencing an 18.5% rise and non-surgical procedures seeing growth of 19.9% compared to 2020. Therefore, the Increasing number of surgical procedures is driving the growth of the procedure trays market.
Innovative Solutions For Patient Safety Merit Medical's Resolve Thoracostomy Tray
Major companies operating in the procedure trays market focus on developing innovative products such as the thoracostomy tray to enhance patient safety and address the clinical need for thoracostomy procedures. A thoracostomy tray is a specialized medical kit used by healthcare professionals for thoracostomy procedures, which involve the insertion of a chest tube into the pleural space of the chest cavity. For instance, in April 2022, Merit Medical, a US-based provider of innovative medical devices, launched ReSolve Thoracostomy Tray to enhance patient care and address the clinical need for thoracostomy procedures. This innovative solution, designed for thoracostomy procedures, facilitates the safe removal of air or fluid from the pleural space, addressing conditions such as pneumothorax or pleural effusion. This underscores Merit Medical's dedication to providing specialized medical devices tailored to clinical needs, ultimately improving patient care.
The procedure trays market covered in this report is segmented -
1) By Product: Operating Room, Angiography, Ophthalmic, Other Products
2) By Packaging: Box, Mold, Wrap
3) By End User: Hospitals, Clinics, Other Facilities
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Major companies operating in the procedure trays market are Cardinal Health Inc., Becton Dickinson and Company , Baxter International Inc., Boston Scientific Corporation, Owens & Minor Inc., Medline Industries LP, B. Braun Societas Europaea, Smith & Nephew Public Limited Company, Teleflex Incorporated, Paul Hartmann AG, ICU Medical Inc., Mölnlycke AB, Lohmann & Rauscher, Merit Medical Systems Inc., Hogy Medical Company Limited, Medical Action Industries Inc., Kimal PLC, Nelipak Corporation, Medica Europe Besloten Vennootschap, Biometrix Medical, ArcRoyal, Covidien Aktiengesellschaft , CPT Medical Inc., C. R. Bard Inc. , CareFusion Corporation
Contents of the report:
1. Executive Summary
2. Procedure Trays Market Report Structure
3. Procedure Trays Market Trends And Strategies
4. Procedure Trays Market - Macro Economic Scenario
5. Procedure Trays Market Size And Growth
…..
27. Procedure Trays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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