Global Customized Procedure Trays Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Application;

Orthopedic - Hip, Knee and Others, Ophthalmology and General Surgery - Laparoscopy, Laparotomy and Others, Neurosurgery, Cardiac Surgery, Gynecology, Urology, Ear, Neck, and Head and Others.

By End-User;

Hospitals, Ambulatory Surgical Centers and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn147545514 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Customized Procedure Trays Market (USD Million), 2020 - 2030

In the year 2023, the Global Customized Procedure Trays Market was valued at USD 243.80 million. The size of this market is expected to increase to USD 364.59 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.9%.

The escalating number of surgeries emerges as a pivotal driver propelling the growth of the procedure trays market during the forecast period. With the rise of minimally invasive and non-invasive procedures, the frequency of surgeries has surged, fueling the demand for procedure trays. Patients increasingly opt for non-invasive or minimally invasive surgeries to mitigate the risk of surgical infections and minimize hospital stays, consequently amplifying the need for these trays. Moreover, factors such as the growing prevalence of chronic diseases, uptick in road accidents, aging population, and augmented healthcare expenditure in emerging economies are anticipated to further bolster the number of procedures performed. Projections from the U.S. Census Bureau indicate a significant surge in global healthcare spending, exceeding USD 25.00 trillion by 2040, while the World Health Organization forecasts a doubling of the global population aged 60 and above by 2050, reaching 2.1 billion.

Custom procedure kits encompass all essential tools and devices required for specific surgical or diagnostic operations. While not employed in every medical procedure, they are particularly recommended for cardiovascular, ophthalmology, orthopedic, wound care, and dental procedures. These pre-configured and pre-packaged trays streamline inventory management and ensure the availability of clean surgical instruments and tools for single use, ultimately enhancing service quality. The COVID-19 pandemic has further spurred market growth, driven by the heightened demand for procedure trays to treat coronavirus-affected individuals. Supply chain disruptions, primarily stemming from reduced shipments from China due to closed manufacturers and ports, have led to acute shortages of essential procedure trays. This scarcity, coupled with a surge in demand, underscores the pressing market need for procedure trays. In response, companies are focusing on optimizing their end-to-end supply chains to enhance product costs, quality, and services associated with customized procedure trays. By improving operational performance and leveraging advanced technologies, manufacturers aim to fortify their global credibility and meet the escalating demand for procedure trays in the healthcare sector.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Customized Procedure Trays Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Number of Surgerie
        2. Enhanced Efficiency and Time-Saving
        3. Improved Procedural Outcomes
      2. Restraints
        1. Higher Initial Costs
        2. Regulatory Requirements
        3. Limited Awareness
      3. Opportunities
        1. Technological Advancements
        2. Focus on Minimally Invasive Surgeries
        3. Focus on Efficiency in Healthcare
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Customized Procedure Trays Market, By Application, 2020 - 2030 (USD Million)
      1. Orthopedic
        1. Hip
        2. Knee
        3. Others
      2. Ophthalmology
        1. General Surgery
        2. Laparoscopy
        3. Laparotomy
        4. Others
      3. Neurosurgery
        1. Cardiac Surgery
        2. Gynecology
        3. Urology
        4. Ear, Neck, and Head
        5. Others
    2. Global Customized Procedure Trays Market, By End-User, 2020 - 2030 (USD Million)
      1. Hospitals
      2. Ambulatory Surgical Centers
      3. Others
    3. Global Customized Procedure Trays Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. 3M Healthcare
      2. Paul Hartmann AG
      3. B. Braun Melsungen AG
      4. Becton
      5. Dickinson and Company (BD)
      6. Cardinal Health, Inc
      7. Lohmann & Rauscher International
      8. Medline Industries
      9. Medtronic plc
      10. Merit Medical Systems,
      11. Mölnlycke Health Care AB
      12. Owens & Minor, Inc
      13. Pennine Healthcare
  7. Analyst Views
  8. Future Outlook of the Market

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