The global procedure trays market size is expected to reach
USD 18.9 billion by 2025, according to a new study by Grand View Research Inc.,
progressing at a CAGR of 10.5% during the forecast period. Increasing number of
surgeries across the world is providing a significant boost to the market.
Moreover, governments worldwide are encouraging usage of
single-use sterile instruments to avoid infections. This, in turn, is acting as
one of the key trends stoking market growth. Along with the increasing number
of surgical procedures, the demand for advanced logistics and inventory
management is also growing.
Patients are increasingly preferring noninvasive or minimally
invasive surgeries due to high risk of infections associated with invasive
surgeries. Usage of prepacked kits aids in prevention and control of infectious
diseases. The U.K. government has issued specific guidelines related to degree
of sterility that has to be maintained in operating rooms. In addition to high
risk of infection, noninvasive surgeries require shorter hospital stays, thus saving
time and medical cost.
Huge unused stocks of hospital supplies can lead to their
expiration. As hospitals are not required to keep a large stock of medical
supplies due to procedure trays, it helps in avoiding expiry of products. Due
to convenience offered by procedure trays, administrative and purchase
departments in hospitals are not required to contact many suppliers. Hence, it
saves procurement and administration costs.
Browse full research report on Procedure Trays Market: https://www.grandviewresearch.com/industry-analysis/procedure-trays-market
Further Key Findings from the Study Suggest:
- Procedure
trays market is segmented into operating room, angiography, ophthalmology,
and other procedure trays. The operating room segment is expected to lead
the market throughout the forecast period.
- Majority
of surgical procedures are performed at hospitals. Hospitals represented
the highest share in the market in 2016.As cost saving measures, rising
adoption of procedure trays will contribute to the hospital segment.
- Clinics
and other healthcare facilities are anticipated to witness highest CAGR in
the coming years. Increasing preference for minimally invasive surgeries
will supplement the growth of the segment.
- North
America dominated the procedure trays market in 2016, owing to domicile of
several key players and various initiatives undertaken by governments to
encourage use of single-use medical supplies to prevent infections.
- Competition
in this market is likely to be high in the coming years as market players
are competing to capture maximum share in the market, especially in
technologically advanced nations such as the U.S., Germany, and U.K.
- Some
of the key market players are Owens & Minor, Inc.; Cardinal Health; 3M
Healthcare; Becton, Dickinson and Company; and Teleflex Incorporated.
- Mergers
and acquisitions of well-established players is one of the key strategies
adopted by prominent companies in the market. For instance, Owens &
Minor, Inc. acquired Medical Action Industries, Inc. in 2014.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/procedure-trays-market/request/rs1
Grand View Research has segmented the global procedure tray market
report on the basis of product, end-use, and regions:
Procedure Tray Product Outlook (Revenue, USD Million, 2014 -
2024)
- Operating
Room
- Angiography
- Ophthalmology
- Others
Procedure Tray End-Use Outlook (Revenue, USD Million, 2014 -
2024)
- Hospitals
- Clinics
& other healthcare facilities
Procedure Tray Regional Outlook (Revenue, USD Million, 2014 -
2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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