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 Market Share
The rise in surgical procedures is expected to drive the growth of the procedure trays market. Factors such as advancements in medical technology, an aging population, and the increasing prevalence of chronic diseases contribute to the rise in surgical procedures. Procedure trays play a critical role by improving efficiency and safety in surgeries. The International Society of Aesthetic Plastic Surgery reported a global increase in procedures, including a 41.3% rise in aesthetic surgeries over the last four years. Therefore, the increase in surgeries is driving the growth of the procedure trays market.
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What growth opportunities are expected to drive the procedure trays market's CAGR through 2034?
The procedure trays market has seen strong growth in recent years. It will increase from $17.43 billion in 2024 to $19.09 billion in 2025, at a CAGR of 9.5%. The growth is due to standardization, rising road accidents, greater demand for surgical instruments, wider adoption of procedure trays, and a higher incidence of chronic diseases.
The procedure trays market is expected to grow to $27.12 billion by 2029, at a CAGR of 9.2%. This growth is driven by an increasing number of surgical procedures, medical tourism, population growth, regulatory compliance, and customization needs. Key trends include smart technology, personalized trays, integration with telehealth, and the use of AI/automation.
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What are the emerging trends shaping the future of the procedure trays market?
Companies in the procedure trays market are developing innovative products such as thoracostomy trays to enhance patient safety and meet the needs of thoracostomy procedures. A thoracostomy tray is used for inserting a chest tube into the pleural space. For example, in April 2022, Merit Medical, a US-based medical device provider, introduced the ReSolve Thoracostomy Tray. It is designed to safely remove air or fluid from the pleural space in patients with conditions like pneumothorax or pleural effusion, reflecting the company's commitment to improving patient care.
Which growth-oriented segments of the procedure trays market are leading the industry's development?
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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What regions are leading the charge in 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 companies are at the forefront of innovation in the procedure trays market?
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
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What Is Covered In The Procedure Trays Global Market Report?
•Market Size Forecast: Examine the procedure trays market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the procedure trays market for a structured understanding.
•Key Players Overview: Analyze major players in the procedure trays market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the procedure trays market.
•Segment Contributions: Evaluate how different segments drive overall growth in the procedure trays market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the procedure trays market.
•Industry Challenges: Identify potential risks and obstacles affecting the procedure trays market.
•Competitive Landscape: Review strategic developments in the procedure trays market, including expansions, agreements, and new product launches.
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