As Per the Report, the Procedure Trays Market Size in Europe is valued at USD 3.16 billion in 2022 and is projected to reach USD 5.91 billion, to grow at a CAGR of 13.32% during the forecast period 2022 to 2027.
It is due to an increase in the number of surgeries performed, a reduction in procurement time and costs, and favorable government laws governing the prevention and control of healthcare-associated infections.
The most important reason is that procedure trays are frequently used in ophthalmology procedures, cardiovascular procedures, orthopedics, wound management, and dental offices because of their numerous advantages.
Furthermore, operating room treatments, cardiovascular surgery procedures, ophthalmology procedures, and angiography are almost exclusively performed in hospitals. As a result, maintaining sterility in these operations and the operating room to prevent infections would lead to widespread adoption of procedure trays in hospitals, supporting growth.
The increasing incidence of surgical cosmetic treatments across Europe will generate a potential future opportunity for the procedure trays industry. Another cause for the market's revenue growth is the implementation of numerous rules and regulations to improve healthcare and implement better facilities by making surgical procedures and services more efficient.
One more aspect is the government initiative to use single-use sterile instruments to avoid infection, rising demand for minimally invasive procedures, which results in more patients opting for surgeries, and an increase in the number of surgeries across Europe will drive up demand for advanced logistics and inventory management.
In hospitals, particular criteria for procedure kits are frequent. In addition, doctors' and even theatre staff's preferences varied, posing a significant problem for a CPTP company's stock holdings. As a result, these companies must obtain a wide range of items from a wide range of vendors.
This research report on the Europe Procedure Trays Market has been segmented and sub-segmented into the following categories
Geographically, Europe has the world's second-largest market share. The bulk of surgical procedures are performed in hospitals; thus, procedure trays in hospitals are expected to have good growth in the future. Furthermore, the expanding number of hospitals worldwide will lead to widespread adoption of procedure trays, which are both cost-effective and time-saving.
The cost of in-house hospital assembly and reprocessing is reduced using single-use trays. The trays are designed to assist medical personnel in streamlining components and reducing waste. Furthermore, significant businesses are developing cost-effective trays to pass the savings on to the client. It is also likely to fuel market expansion.
The Germany Procedure Trays Market is predicted to reach at a certain CAGR during the period owing to increased adoption of procedures in these facilities due to shorter operation times and the availability of low-cost therapy.
The ambulatory surgical centers are expected to account for a significant proportion during the analysis period in the U.K Procedure Trays Market.
When procedure trays are used in medical procedures, contamination or infection are low because they include single-use equipment. Furthermore, they save 50% of the time and waste created during surgical procedures.
Surgical operations performed in hospitals or hospital-affiliated outpatient facilities make it easier to deal with any emergency problems during the surgery or after that. In addition, the hospital industry will benefit from the increased adoption of procedure trays as cost-cutting solutions. As a result, clinics & other healthcare facilities are expected to have the most significant CAGR in the coming years.
KEY MARKET PLAYERS
Prominent Companies leading the Europe Procedure Trays Market Profiled in the Report are Baxter International, Boston Scientific Corp., Cardinal Health, CareFusion Corp., Covidien AG, C.R. Bard Inc., Ecolab Inc., Hogy Medical Co., Ltd., Medical Action Industries Inc., Medline Industries Inc. Precise-Pak Inc., Smith & Nephew Plc, Teleflex Medical.
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