Procedure Trays Market is expected to reach US$ 45,926.87 million by 2030

Operating Rooms Held Largest Share of Application Segment in Procedure Trays Market

According to our new research study on "Procedure Trays Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Application and End User," the market was valued at US$ 21,536.67 million in 2022 and is expected to reach US$ 45,926.87 million by 2030. It is estimated to register a CAGR of 9.9% during 2022–2030.

Procedure trays are also known as surgical instrument trays. These are flat open/closed containers that hold surgical instruments. Each procedure tray contains instruments needed to perform a surgical procedure. These trays are very commonly used in hospitals, laboratories, and clinics. Instruments must be sterilized before they can safely remove bodily fluids or debris from the body, and autoclaves use these containers to protect their contents. 

Based on application, the procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held the largest market share in 2022 and is anticipated to register the highest CAGR during 2022–2030. The operating room surgical trays provide instruments according to the surgery needs, reducing the pressure on technical staff and enabling hassle-free surgery. According to The Insight Partners research from the World Health Organization (WHO), cesarean section procedure rates continue to rise globally, accounting for more than 1 in 5 (21%) childbirths. According to Eurostat, in 2020, hip replacement surgeries were performed in ~294 people per 1,000 inhabitants in Germany. According to the American Joint Replacement Registry, more than 2 million hip and knee replacement surgeries were performed in 2021 in the US. The increasing number of surgeries is fuelling the use of procedure trays in the operating rooms.

Procedure Trays Lucrative Regional Markets

Impact of COVID-19 Pandemic on Procedure Trays Market

Before the COVID-19 pandemic, the procedure trays market was experiencing steady growth and was influenced by various factors that shaped its dynamics. During the COVID-19 pandemic, more than 28 million surgical procedures were canceled or postponed globally because of active COVID-19 infections within the first 12 weeks of the pandemic. Moreover, according to the global study published in the Lancet, patients undergoing surgery after contracting COVID-19 were at a higher risk of death following surgery.

According to a study published in February 2022 by the National Library of Medicine, surgical services were temporarily shut down during the initial surge of COVID-19, but the healthcare system continued to provide safe care for thoracic surgery patients, especially those with oncologic conditions.  

Biometrix, Medica Europe BV, 3M, BD, Owens & Minor Inc, Molnlycke Health Care AB, Nelipak Corporation, Teleflex Inc, Cardinal Health Inc, and ICU Medical Inc are among the leading companies operating in the procedure trays market.

The report segments the procedure trays market as follows:

The procedure trays market is segmented into application, end user, and geography. By application, the procedure trays market is segmented into operating room, angiography, ophthalmology, and others. In terms of end user, the procedure trays market is divided into hospitals & clinics, ambulatory surgical centers, and others. Geographically, the procedure trays market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

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