Procedure Trays Market

Global Procedure Trays Market Size (2024 to 2029)

The global procedure trays market size is expected to reach USD 26.62 billion by 2029 from USD 13.7 billion in 2024, growing at a CAGR of 14.2% from 2024 to 2029.

A Custom Procedure Tray or CPT is designed for specific procedural needs to be carried out, which is a collection of medical kits to provide disposable items used during surgery, packaged and delivered in a single sterile package, containing items like cardiac catheters, surgical blades, surgical drapes, implants, stitches, wound dressings, and surgical wipes, making it's easily accessible for the surgeon performing the procedure.

Current Scenario of the Global Procedure Trays Market

A soaring adoption has been witnessed for procedure trays in the last decade. A procedure tray is a toolset that helps during surgeries and medical processes. The usage of these trays is very high in medical procedures like wound management, cardiovascular, ophthalmic, and dental practices. The procedure trays help reduce medical waste by reusing equipment with sterilization. In addition, they are cost-effective as well as time-saving and multi-processor tools.

MARKET DRIVERS

The growing number of surgeries globally is a primary factor that significantly boosts the global procedure trays market growth.

The rise in surgeries happening worldwide and the increasing need for these trays in various medical procedures directly influence the market growth. As per the National Center for Health Statistics data, around 48 million surgical inpatient procedures were performed in the year 2009 in the U.S. alone. Additionally, the growing demand to improve the quality of medical surgeries with the help of pre-packed and sterile equipment is fueling the market growth of procedure trays. Furthermore, rising awareness about health issues and the increasing number of chronic diseases leading to surgery cases are expected to boost the global procedure trays market.

The primary factor responsible for the high growth of the global procedural trays market over the forecast period is the wide range of benefits.

They provide cost efficiency, a custom procedure tray that saves money and is completely practical, lessening the pressure on staff and improving patients' performance. Being Reliable, they are of the highest quality standards, offering the best services to patients. Getting the suitable component required for surgery at the right time and in the correct configuration is crucial during surgeries. Also, various options are available for a wide selection of surgical components for the clinical need. Furthermore, due to its Flexibility, the tray is adapted to packaging changes due to the outbreaks of different diseases due to changes in weather and seasons.

An essential component in markets and medicine, Quality Certification, is provided. It not only reduces the preparation time through streamlined inventory control processes but also reduces the trash bags used in hospitals. As a result, it saves time, is cost-effective, increases care, and keeps the environment clean. The most beneficial advantage of all the above-mentioned is the easy sterilization of trays, which is very important for reduced risk of contamination since good hygiene should be observed, and no surprises are given since these trays assure of not making any changes in the places of types of equipment without consent. These factors are leading to an increase in the high adoption of procedural trays across medical settings worldwide. Multi-specialty hospitals are, by default considering the procedure trays an essential kit to perform surgeries, and the growth in these hospitals is supporting the procedure trays market. In addition, various governments are taking active initiatives to increase the usage of procedure trays for single-use sterile instrument use in medical activities to be safe and avoid patient infection.

MARKET RESTRAINTS

The lack of raw material availability to manufacture procedure trays in some countries is a significant challenge to the market. In addition, the growing need for modernization in surgery rooms and standardization with operators further hinders the procedure trays market growth.

Impact of COVID-19 on the Global Procedure Trays Market

SARS-COV 2, the virus that causes Coronavirus 2019 (COVID-19), has caused a global pandemic and is now infecting thousands in India, posing a challenge for surgeons. SARS-CoV-2 can live for hours in aerosols, plastic surfaces, stainless steel, cardboard, and iron and is spread by suspended droplets and fomites. The survival of viral particles is affected by the amount of inoculum used and environmental factors such as temperature and humidity. A higher viral load is seen in symptomatic infected patients, and different medical procedures may lead to the formation of aerosols. Several hospital treatments require the use of procedure trays. A Procedure Tray is a pre-packaged series of medical instruments intended to include all disposable products required for a surgical operation in a single sterile package. The surgical team specifies the procedure tray's material, shape, and even wrap style to minimize set-up time, surgical waste, cost, and contamination risk.

According to research, a personalized surgical tray will minimize operating room time costs by more than 40%. Everything required is conveniently accessible with a personalized surgical tray, eliminating the need for medical staff to waste hours preparing their materials and resources. This also aids in reducing emergency response and procedure set-up times. Medical facilities benefit from using CPT custom trays in various ways, including expense and time savings. Knowing the various advantages of CPT surgical trays for patients is also essential. Considering all these factors, the global procedure trays market's growth rate is accelerated due to the pandemic situation and is forecasted to achieve better growth heights during the forecast period.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Procedure Trays Market Analysis By Product

The operating room procedure trays segment held the highest share of the global market in 2023 and are estimated to showcase a promising CAGR during the forecast period. An increasing number of infectious diseases and a rise in the demand to promote quality services in healthcare centers are escalating the need for this segment to an extent. All custom trays require specific disposable components depending on the type of operation, most of which are essential to all custom trays, like scalp veins, dressings, disposable syringes, surgical swab-type needles, surgical blades, bowls, sutures, forceps, mesh cutters, towels, surgical drapes, and personal protective equipment.

The anesthesia room procedure trays segment is expected to account for a notable share of the worldwide market during the forecast period. A standard anesthesia cart always has catheter suction, spare self-inflating bag, essential medications, IV supplies, handles, endotracheal tubes, blades, laryngeal mask airway (LMA), and other necessary additional equipment fully stocked.

Global Procedure Trays Market Analysis By Application

The hospital's segment accounted for the highest shares in the market in 2023 due to the growing number of surgeries due to the rise in the chronic diseases admitted in the hospitals, majorly driving this segment's demand. As a result, hospitals and physicians have to choose additional components, most of the time, for their custom trays, such as cardiac catheters used in a catheterization procedure, surgical skin staples used to close skin wounds, litigation clip to close bleeding vessels, and nasal oxygen catheter to evenly distribute oxygen through piercings.

The clinic's segment is estimated to increase and register a CAGR of 12.9% during the forecast period. The ASC, on the other hand, is the fastest growing healthcare facility and is proving to be gaining patients satisfaction with the outcome of the surgery, low cost, and quality of care they receive and also impressed with the way the facility is run, resulting in many surgeries being performed, requiring more procedural trays, which is why the ambulatory surgical centers are also expected to grow over the forecast period.

REGIONAL ANALYSIS

The North American market had the largest market share of the global procedure trays market, followed by Europe in 2023. The existence of market key players and different initiative steps that the government takes to motivate the usage of single-use medical supplies are some actors that surge the demand for the procedures tray market in this region.

Europe stands second in the global procedure trays market in terms of revenue. In this region, a rise in the number of patients with cardiovascular problems is increasing the market's growth rate. In addition, favorable government initiatives and standard increases of infectious diseases among patients propel the market. In this region, the U.K. is the holding with the highest shares of the market.

The Asia Pacific region was the fastest-growing segment owing to developing medical infrastructure and increasing spending on healthcare. Asia-Pacific stands third in the market and is observed to have the quickest growth and high CAGR value due to the development of medical infrastructure within a short period, growing expenditure on healthcare, and growing awareness of medical tourism. India and China are contributing the highest shares of the market.

Latin America and the Middle East & Africa are observed to have an average growth rate during the period. It is due to enhancing healthcare services, growing medical management disbursements, and rising support from the government that is boosting the market growth.

KEY PLAYERS IN THE GLOBAL PROCEDURE TRAYS MARKET

Some of the prominent companies operating in the global 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., and Medline Industries Inc.

RECENT HAPPENINGS IN THE GLOBAL MARKET

• In November 2022, Whitney Medical Solutions showcased its first isolation room solution, Iso-Tray, a single-use procedure tray to reduce the risk of infection and cross-contamination during invasive clinical procedures, meeting OSHA regulations.
• In October 2022, DePuy Synthes, the Orthopedics Company of Johnson & Johnson, received 510(k) clearance from the U.S. Food and Drug Administration for its system TEIGEN, a technology-integrated platform for minimally invasive lumbar transforaminal interbody fusion surgical procedures.
• In April 2020, The DanapakFlexible industry used new types of raw material such as fiber-form Billerudkorsnas, an environmentally paper-based bottom web tray with Danafibre. 
• In June 2018, eight types of new medical companies were named da Vinci Surgical System. In the statement given, eight types of new procedure trays; it was announced that these trays have 360° protection services for transportation and sterilization, and storage.

DETAILED SEGMENTATION OF THE GLOBAL PROCEDURE TRAYS MARKET INCLUDED IN THIS REPORT

This market research report on the global procedure trays market has been segmented and sub-segmented based on the product, application, and region.

By Product

• Angiography Procedure Trays
• Ophthalmic Procedure Trays
• Operating Room Procedure Trays
• Anesthesia Room Procedure Trays
• Others

By Application

• Hospitals
• Clinics
• Ambulatory Surgical Centers

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa