At 10.1% CAGR, the North America Procedure Trays Market is Projected to be Worth US$ 21,865.78 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the North America procedure trays market was valued at US$ 10,092.08 in 2022 and is expected to reach US$ 21,865.78 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Integration of procedure trays with cloud platform and data analytics and escalating demand for customized procedure trays are among the critical factors attributed to the North America procedure trays market expansion.

With rapid developments in the healthcare IT sector, companies manufacturing procedure trays are focusing on harnessing advanced technologies to enhance the experience of using procedure trays. Procedure trays carry various number instruments used in surgical procedures; however, a few instruments may not be used during the procedure. As each procedure tray can typically cost more than US$ 350,000 and having every type of set on the shelf at each surgical facility is not feasible, owing to which manufacturers generally loan them to hospitals. Once a procedure is executed, the hospital returns the instrument tray to the manufacturer for storage and redistribution to other hospitals. Each time a hospital returns a tray, the manufacturer needs to check for missing instruments, along with ensuring that they are correctly placed, cleaned, and fit for use in the next procedure. As this checking may become hectic for manufacturers, they are focused on using data analytics tools and cloud-based platforms to maintain the record of the instruments used during a surgery. For instance, companies such as BD and Johnson & Johnson MedTech are collaborating with cloud-based companies to engineer a scalable solution to improve the tracking and checking of instruments in procedure trays. These solutions or platforms can be used to share the surgery case and procedure-specific information and can also be associated with vendor tray requirements so that the hospital and manufacturer can receive schedule of the surgical procedure such as set images, instruction for use (IFU) documentation, and expected delivery time of the equipment. Thus, the use of cloud-based platforms and data analytics to maintain and streamline the data collected when procedure trays are in use is creating opportunities for the North America procedure trays market players.

On the contrary, concerns about disposal and standardization of procedure trays hampers the growth North America procedure trays market.

Based on application, the North America procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 58.1% share of the North America procedure trays market in 2022, amassing US$ 5,861.59 million. It is projected to garner US$ 13,167.07 million by 2030 to expand at 10.6% CAGR during 2022–2030.

By end user, the North America procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 69.1% share of the North America procedure trays market in 2022, amassing US$ 6,971.40 million. It is projected to garner US$ 15,432.26 million by 2030 to expand at 10.4% CAGR during 2022–2030.

Based on country, the North America procedure trays market is segmented into the US, Canada, and Mexico. The US held 80.6% share of North America procedure trays market in 2022, amassing US$ 7,382.55 million. It is projected to garner US$ 17,929.94 million by 2030 to expand at 10.4% CAGR during 2022–2030.

Key players operating in the North America procedure trays market are 3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Molnlycke Health Care AB, Nelipak Corporation, Owens & Minor Inc, and Teleflex Incorporated, among others.

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