The increased adoption of non-invasive surgeries due to their lower risks and quicker recovery times is one of the major factors propelling the growth of the procedure trays market in North America. For instance, The American Society of Plastic Surgeons reported that in the United States, non-invasive cosmetic procedures increased by 11% in 2020, with the most popular procedures being botulinum toxin (Botox) injections, soft tissue fillers, and chemical peels. Additionally, the Society of Laparoendoscopic Surgeons reported that minimally invasive surgeries accounted for 75% of all surgeries performed in the United States in 2019.
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Further,the North AmericaProcedure Trays Marketis expected to grow at a strong CAGR of 7.5% during the forecast period (2022-2028).North America held a dominant share of the market in 2021. Several factors such as rise in the prevalence of chronic diseases and the associated increase in surgical procedures, the presence of major players, growing research and development activities, and a rise in patient preference for minimally invasive surgeries are propelling the growth of the procedure trays market in the region. According to Centers for Disease Control and Prevention (CDC) data in July 2022, coronary heart disease is the most common type of heart disease, and approximately 20.1 million adults of age 20 and older have the disease in the U.S. Moreover, the Canadian government is also focusing on healthcare investments. For instance, In March 2022, the federal government introduced Bill C-17 in the House of Commons, providing USD 2 billion in additional healthcare funding to clear 700,000 surgeries and other medical procedures delayed by the Covid-19 pandemic and support thousands of additional surgeries.
FIG. 1 North America Procedure Trays Market Revenue (2020-2028)- USD Mn
Based on product, the market is segmented into operating room, angiography, ophthalmic, and others. The operating room category held the dominant share of the market in 2021 mainly due to the rising number of operations in the world due to rise in the number of operations around the world. Government laws encouraging the use of single-use sterile equipment to prevent infections are helping to fuel the demand for procedure trays. Some of the components of operating room procedure trays are drapes, gowns, syringes, needles, suction tubes, and swabs.
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By end user, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others. The ambulatory surgical centers (ASC) is anticipated to grow with a high CAGR during the forecast period. Ambulatory surgical centers are modern medical facilities that provide same-day surgical care and their procedures do not require hospital admissions. Furthermore, the rising investment in ASC is also propelling the market growth in the coming years. For instance, in May 2021, Arizona-based Joel Rainwater launched a flagship Comprehensive Surgical Care center in Gilbert, Arizona, that includes three operating rooms equipped with advanced imaging systems. Thus, the increasing prevalence of chronic diseases coupled with the increasing investment in ASCs is expected to increase segmental growth over the forecast period.
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Global Procedure Trays Market Segmentation
Market Insight, by Product
Operating Room
Angiography
Ophthalmic
Others
Market Insights, by End User
Hospitals
Clinics
Ambulatory Surgical Centers
Others
Market Insight, by Region
North America
o U.S.
o Canada
o Rest of North America
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe
APAC
o China
o Japan
o India
o Rest of APAC
Rest of the World
Top Company Profiles
Owens Minor, Inc
Mlnlycke Health Care AB
Cardinal Health
BD
CPT Medical
Merit Medical Systems
Teleflex Incorporated
3M
B. Braun SE
Medica Europe BV
