Procedure Trays Market Revenue Analysis and Global Forecast By Key players Biometrix, Owens & Minor, Teleflex, Medline Industries

According to a new market research study titled "Procedure Trays Market - Global Analysis and Forecasts by Product Type and End User", the global procedure trays market is expected to reach US$ 21,725.7 Mn in 2027 from US$ 8,768.9 Mn in 2018. The market is estimated to grow with a CAGR of 10.8% from 2019-2027. The report highlights the trends prevalent in the global procedure trays market and the factors driving the market along with those that act as deterrents to its growth.

The procedure trays market by product type is segmented into angiography, ophthalmology, operating room, and anesthesia room. In 2018, the operating room held a largest market share of 50.7% of the procedure trays market, by product type. The operating room segment is expected to dominate its market share in 2027 owing to the rising prevalence of the diseases and increasing number of surgeries. Also, the operating room segment is anticipated to witness the fastest growth rate of 7.3% during the forecast period, 2019 to 2027.

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The prominent players operating in procedure trays market are, Biometrix, Medica Europe BV, 3M, BD, Owens & Minor, Inc., Medline Industries, Inc., M�lnlycke Health Care AB, Nelipak Corporation, Teleflex Incorporated, and Cardinal Health, Inc. among the others.

Key factors driving the market benefits offered by customize procedure trays, increase in the number of surgical procedures, and introduction of rules and regulations to implement better healthcare facilities.

The market players are focused towards bringing mergers and acquisitions to sustain their position in the market. For instance, in January 2019 BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, announced it has completed the acquisition of C. R. Bard, Inc. (NYSE: BCR), creating a new health care industry leader with approximately $16 billion in annualized revenue. C. R. Bard, Inc. provides urology trays, Suprapubic Trays, dressing trays and others. Thus enhancing BD's product portfolio. The developments performed by the companies are helping the market to grow in the coming years.

For instance, According to the American Society of Plastic Surgeons (ASPS) annual plastic surgery statistics report, there were more than 17.7 million surgical and minimally-invasive cosmetic procedures performed in the United States in 2018, a number that has risen steadily over the past five years. Procedure trays are also used for hip and knee replacement procedures, according to the American Joint Replacement Registry (AJRR) 2017 Annual Report on hip and knee arthroplasty, approximately 860,080 hip and knee replacement procedures from 4,755 surgeons were performed at 654 institutions.

Table of Content:

SCOPE OF THE STUDY
GLOBAL PROCEDURE TRAYS MARKET - KEY TAKEAWAYS
RESEARCH METHODOLOGY
GLOBAL PROCEDURE TRAYS- MARKET LANDSCAPE
GLOBAL PROCEDURE TRAYS MARKET - KEY INDUSTRY DYNAMICS
PROCEDURE TRAYS MARKET - GLOBAL ANALYSIS
PROCEDURE TRAYS MARKET ANALYSIS AND FORECASTS TO 2027 - PRODUCT TYPE
PROCEDURE TRAYS MARKET ANALYSIS AND FORECASTS TO 2027 - END USER
PROCEDURE TRAYS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
PROCEDURE TRAYS MARKET - INDUSTRY LANDSCAPE
PROCEDURE TRAYS MARKET- KEY COMPANY PROFILES

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