Press release
Emerging Trends Influencing The Growth Of The Procedure Trays Market: Innovative Solutions For Patient Safety Merit Medical's Resolve Thoracostomy Tray
Procedure Trays Market
How Big Is the Procedure Trays Market Size Expected to Be by 2034?
The procedure trays market has grown significantly in recent years. It will rise from $17.43 billion in 2024 to $19.09 billion in 2025, with a CAGR of 9.5%. The growth is driven by standardization, the increasing frequency of road accidents, a rise in demand for surgical instruments, greater adoption of procedure trays, and a growing incidence of chronic diseases.
The procedure trays market is expected to see strong growth, reaching $27.12 billion by 2029 at a CAGR of 9.2%. Growth drivers include the increase in surgical procedures, expanding global population, regulatory compliance, medical tourism, and an aging population. Major trends include advancements in smart technology, specialty trays, telehealth integration, AI, and automation.
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What Are the Emerging Segments Within 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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What Long-Term Drivers Are Shaping Procedure Trays Market Trends?
The rising number of surgical procedures is expected to foster the growth of the procedure trays market. Surgical procedures, driven by factors like medical advancements and an aging population, are increasing. Procedure trays are essential for organizing surgical tools, enhancing efficiency and safety. A 2022 report by the International Society of Aesthetic Plastic Surgery noted an 11.2% increase in surgeries globally, which will drive the procedure trays market.
Who Are the Top Competitors in Key Procedure Trays Market Segments?
Major companies operating in the procedure trays market are Cardinal Health Inc., Becton dic*kinson 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
What Trends Are Expected to Dominate the Procedure Trays Market in the Next 5 Years?
Companies in the procedure trays market are developing specialized kits, like the thoracostomy tray, to improve patient safety during medical procedures. A thoracostomy tray is used for inserting chest tubes into the pleural space of the chest. For instance, in April 2022, Merit Medical, a US-based medical device provider, launched the ReSolve Thoracostomy Tray to enhance patient care by simplifying the procedure for removing air or fluid from the pleural space.
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Which Regions Are Becoming Hubs for Procedure Trays Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Procedure Trays Market?
2. What is the CAGR expected in the Procedure Trays Market?
3. What Are the Key Innovations Transforming the Procedure Trays Industry?
4. Which Region Is Leading the Procedure Trays Market?
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