Press release
Key Trends Shaping the Future Procedure Trays Market From 2025-2034: Innovative Solutions For Patient Safety Merit Medical's Resolve Thoracostomy Tray
Procedure Trays Analysis
There has been a robust expansion of the market size for procedure trays in recent years. The growth is anticipated to soar from $17.43 billion in 2024 to $19.09 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%. Factors contributing to this growth during the previous period include standardization, increase in the occurrence of road mishaps, growing demand for surgical tools, enhanced adoption of procedure trays, and rising cases of chronic illnesses.
There is a prediction for significant expansion in the procedure trays market over the upcoming years, with an expected growth to $27.12 billion in 2029 from a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth in the projection period include a rise in surgical procedures, global population increase, compliance with regulations, customization, a boost in medical tourism, and a growing aged population. The projection period also sees emerging trends such as development in smart technology, personalized and specialty trays, technological integration, cooperation with telehealth and remote surveillance, and the incorporation of artificial intelligence and automation.
What Are the Primary Growth Drivers for the Procedure Trays Market?
The escalating count of surgical operations is predicted to fuel the expansion of the procedure trays market in the future. Surgical operations serve as medical corrections or treatments that employ invasive methodologies to rectify or treat health issues, damages, or irregularities within the human body. The surge in surgical procedures can be attributed to advancements in medical technologies, an aging populace, rampant chronic diseases, enhanced accessibility to healthcare facilities, and patient anticipation and demands. Procedure trays amplify the effectiveness, safety, and affordability of surgical procedures by offering a uniform and advantageous solution for organizing and dispensing necessary tools and equipment. In September 2023, the Global Survey 2022 report published by the International Society of Aesthetic Plastic Surgery, a professional association for board-certified aesthetic plastic surgeons based in the United States, highlighted a comprehensive 11.2% rise in procedures executed by plastic surgeons in 2022, amassing over 14.9 million surgical procedures executed globally. Over the previous four-year period, there has been a sustained growth in aesthetic surgery, demonstrating a 41.3% escalation. Hence, the soaring number of surgical operations is steering the progression of the procedure trays market.
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Who Are the Dominant Companies Influencing Procedure Trays Market Trends?
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 AG, CPT Medical Inc., C. R. Bard Inc., CareFusion Corporation
How Is the Procedure Trays Market Evolving?
Leading firms in the procedure trays market are concentrating their efforts on the creation of innovative items like the thoracostomy tray, which aims to increase patient security and meet the demands of thoracostomy operations. A thoracostomy tray is a special medical kit that healthcare workers use for thoracostomy procedures that involves inserting a chest tube into the pleural space of the chest cavity. For example, in April 2022, Merit Medical, an innovator of medical devices based in the US, introduced its ReSolve Thoracostomy Tray as a solution to enhance patient attention and cater to the clinical requirements for thoracostomy processes. This invention, purpose-built for thoracostomy operations, permits the safe expulsion of air or fluid from the pleural area, addressing health conditions like pneumothorax or pleural effusion. This highlights Merit Medical's commitment to the provision of specialized medical devices crafted for specific clinical needs, with the ultimate objective of enhancing patient care.
What Are the Different Segmentations in the Procedure Trays Market?
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
Subsegments:
1) By Operating Room Type: General Surgery Trays, Orthopedic Surgery Trays, Cardiovascular Surgery Trays
2) By Angiography: Cardiac Angiography Trays, Vascular Angiography Trays
3) By Ophthalmic: Cataract Surgery Trays, LASIK Surgery Trays, Retina Surgery Trays
4) By Other Products: Dental Procedure Trays, Urology Procedure Trays, Gynecological Procedure Trays
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Which Region Is at the Forefront of the Procedure Trays Market?
North America was the largest region in the procedure trays market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the procedure trays market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Procedure Trays Global Market Report?
- Market Size Analysis: Analyze the Procedure Trays Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Procedure Trays Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Procedure Trays Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Procedure Trays Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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