The Global Procedure Trays Market was valued $xx Mn in 2020 and is expected to reach $xx Mn by 2026, at a CAGR of xx%.
The Global Procedure Trays Market was valued $xx Mn in 2020 and is expected to reach $xx Mn by 2026, at a CAGR of xx%.
The Centers for Disease Control and Prevention (CDC) reports that there are 248,678 central line-associated bloodstream infections per year. These infections are both high cost and high volume. A procedure tray with the correct antiseptic is most important and in demand. Procedure trays manufactured while considering todays regulations are expected to drive the market demand. The trays are manufactured with a range of antiseptic choices including Chlorapep and Chlorascrub, which are the latest antiseptics available in the fight against infection. Single-use trays reduce the cost of in-house hospital assembly and reprocessing. The trays are specially designed to help the medical staff to streamline components and reduce waste. Moreover, cost-efficient trays are being invented by key players so as to pass the savings on to the customer. This is also expected to drive market growth.
Medical components are packaged in a sequence of use, allowing the clinician to progress efficiently through procedures. Custom trays for specialized needs are an in-demand option in the market, helping it to grow at a faster pace. The introduction of minimally invasive surgeries has resulted in a wider base of the patient population undergoing surgeries each year. Patients are increasingly preferring non-invasive or minimally invasive surgeries due to the high risk of infections associated with invasive surgeries. In addition to the high risk of infection, non-invasive surgeries require shorter hospital stays, thus saving time and medical costs. All these factors are responsible for contributing to the rising market demand.
The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Procedure Trays market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.
The report has profiled ten key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Segment Analysis
The global Procedure trays market by product segments was dominated by the operating room segment. In 2020, the operating room held the largest market share of XX% of the procedure trays market, by product type. The operating room segment is expected to dominate its market share in 2026, the reason being the rising prevalence of the diseases and the increasing number of surgeries. Also, the operating room segment is anticipated to witness the fastest growth rate of xx% during the forecast period.
By end-use, the hospital segment is expected to register a CAGR of xx% during the forecast period. Hospitals held a leading revenue share of xx% in the Procedure trays market in 2020. Surgeries and other operations are performed majorly in hospitals, due to the availability of all tools and technologies required. Surgical procedures conducted in hospitals or hospital-attached outpatient facilities enable ease of handling any emergency situations that may arise during surgical procedures or post-operative complications. As cost saving measures, rising adoption of procedure trays will contribute to the hospital segment.
Clinics and other healthcare facilities are anticipated to witness the highest CAGR in the coming years. Increasing preference for minimally invasive surgeries will supplement the growth of the segment.
Global Procedure Trays Market
Regional Insights
Global Procedure Trays Market1
North America accounted for the largest share of xx% in 2020, the reason being the rising prevalence of surgeries. Investments by key players in this field have boosted the market growth. Technological advancements in surgeries and techniques and new product launches introduced by key market players in this region are driving the market growth. High-class infrastructure with all surgery facilities available is also propelling the market growth in this region.
The Asia Pacific is also expected to witness significant growth during the forecast period due to the increasing hospital cases. The allocation of a large amount of healthcare expenditure for hospitals and dispensing medicines to the elderly is expected to drive the market demand.
The report also helps in understanding Global Procedure trays Market dynamics, structure by analysing the market segments and project Global Procedure trays Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Procedure trays Market make the report investor’s guide.
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Scope of the report
Global Procedure Trays Market2
By Region:
• North America
• Europe
• MEA
• Asia-pacific
• South America
Key Players Covered:
• Molnlycke Health Care AB
• Owens & Minor, Inc.
• Merit Medical Systems
• Cardinal Health
• BD
• Teleflex Incorporated.
• B. Braun Melsungen AG
• 3M
• Medline Industries, Inc.
• Nelipak Healthcare
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