PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453908
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1453908
Customized Procedure Trays Market Forecasts to 2030 - Global Analysis By Product Type (Surgical and Minor), Packaging (Wrap, Mold and Box), Material Type, End User and By Geography
According to Stratistics MRC, the Global Customized Procedure Trays Market is accounted for $266 million in 2023 and is expected to reach $459 million by 2030 growing at a CAGR of 8.1% during the forecast period. Customized Procedure Trays (CPTs) are pre-packaged sets of medical supplies and instruments tailored to specific medical procedures. They streamline the preparation process by providing all necessary items in one convenient package, reducing the risk of errors and improving efficiency in healthcare settings. CPTs are assembled according to the requirements of individual procedures, ensuring that healthcare providers have access to the right tools at the right time.
According to the WHO, the global population aged 60 and up will double by 2050 and reach 2.1 billion.
Market Dynamics:
Driver:
Increasing number of surgeries
With an increasing number of surgeries being performed worldwide, there is a rising demand for efficient and standardized solutions that can streamline the surgical process and enhance patient safety. Customized procedure trays offer several advantages in surgical settings. They provide a pre-packaged set of instruments, sterile drapes, and other medical supplies required for a specific procedure. Moreover, by having all the necessary components readily available in a single tray, healthcare providers can save time and effort in preparing for surgeries, leading to improved workflow efficiency.
Restraint:
Cost constraints
The customization required to meet specific healthcare facility requirements often results in increased material costs, labor expenses, and overhead. Moreover, stringent regulatory compliance adds further financial burden through certification and quality assurance measures. Healthcare facilities, particularly those with limited budgets, may prioritize cost savings over the benefits of customization, opting for standardized trays instead, which hampers market demand.
Opportunity:
Efficiency and time-saving
Customized procedure trays offer a consolidated solution that integrates all the necessary components and supplies required for specific medical procedures into a single, pre-packaged unit. This eliminates the need for healthcare professionals to gather individual items manually, saving valuable time during preparation and setup. Furthermore, by utilizing customized trays, healthcare facilities can reduce procedural delays, minimize the risk of errors, and improve overall operational efficiency. Overall, the efficiency and time-saving benefits associated with customized procedure trays make them an attractive option for healthcare providers, which drive market demand.
Threat:
Technological disruption
Emerging technologies such as 3D printing, automation, and advanced materials have the potential to revolutionize traditional manufacturing processes for customized trays. These technologies enable rapid prototyping, customization, and production efficiency, challenging established manufacturing methods. Furthermore, technological advancements facilitate the development of smart trays embedded with sensors or tracking devices, enhancing inventory management and supply chain visibility for healthcare facilities.
Covid-19 Impact
The COVID-19 pandemic had a significant impact on the customized procedure tray market. Initially, the pandemic led to disruptions in the global supply chain, causing shortages of raw materials and components essential for tray production. Moreover, the pandemic prompted a surge in demand for medical supplies, including procedure trays, as healthcare facilities grappled with increased patient volumes and the need for infection control measures. However, the focus shifted towards essential medical supplies, leading to delays or cancellations in non-urgent procedures and affecting demand for customized procedure trays.
The surgical segment is expected to be the largest during the forecast period
The surgical segment is estimated to hold the largest share. Customized Procedure Trays tailored for surgical interventions are designed to streamline the preparation process, improve efficiency, and enhance patient safety. In surgical settings, time is of the essence, and having all necessary instruments, supplies, and disposables readily available in a single, sterile tray can significantly reduce preparation time and minimize the risk of errors during procedures.
The surgical procedures segment is expected to have the highest CAGR during the forecast period
The surgical procedures segment is anticipated to have lucrative growth during the forecast period. Surgical procedures encompass a wide range of interventions across various medical specialties, including orthopaedic, cardiovascular, neurosurgery, gynecology, and general surgery, among others. Each surgical specialty requires specific instruments, supplies, and equipment tailored to the unique requirements of the procedure. Customized procedure trays offer healthcare providers a convenient and efficient way to organize and standardize the instruments and supplies needed for surgical interventions.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. The increasing demand for healthcare services driven by population growth, rising income levels, and aging demographics is fueling the need for efficient and cost-effective medical solutions. Furthermore, the presence of a large manufacturing base and a skilled workforce enables local production of CPTs, facilitating cost-effective solutions and reducing dependence on imports.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The region's advanced healthcare infrastructure, coupled with high healthcare expenditure, contributes to the widespread adoption of customized procedure trays. Moreover, the emphasis on patient safety and infection prevention further propels the demand for customized procedure trays in North America. Technological advancements and innovation also play a significant role in the North American market, with manufacturers leveraging cutting-edge technologies such as 3D printing and automation to customize trays according to specific procedural requirements.
Key players in the market
Some of the key players in the Customized Procedure Trays Market include Biometrix, Medline Industries, Owens & Minor, Inc., 3M, Pennine Healthcare, Nelipak Healthcare, Barrier Technologies, Paul Hartmann AG, Medical Action Industries, Lohmann & Rauscher International, A&B Medical Specialties, Dickinson and Company (BD), B. Braun Melsungen AG and Medtronic plc.
Key Developments:
In January 2024, BD (Becton, Dickinson and Company), a leading global medical technology company, and Techcyte announced a strategic collaboration agreement to offer an AI-based algorithm that guides cytologists and pathologists to efficiently and effectively identify evidence of cervical cancer and precancer using whole-slide imaging.
In March 2023, 3M announced collaboration with Guardhat, an industry-leading connected safety software company. Given the importance of connectivity as a key ingredient in safety programs, 3M is transferring its Safety Inspection Management (SIM) software to Guardhat.
In January 2023, 3M Health Information Systems (HIS) and Edifecs, Inc., global health information technology solutions company announced a collaboration to integrate their leading technologies to provide a unique solution for both payers and providers to accelerate the adoptions of value-based payment (VBP) models.
In December 2022, The HARTMANN Group has entered a partnership with the health-tech start-up Rimasys Group to combine the leading OR products with state-of-the-art surgical training. The partnership aims to support surgeons, in particular those working in orthopedics and emergency care.
Product Types Covered:
- Surgical
- Minor
Packagings Covered:
- Wrap
- Mold
- Box
Material Types Covered:
- Plastic
- Metal
- Silicone
- Other Material Types
End Users Covered:
- Ambulatory Surgical Centers
- Hospital
- Clinics
- Nursing Homes
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Customized Procedure Trays Market, By Product Type
- 5.1 Introduction
- 5.2 Surgical
- 5.3 Minor
6 Global Customized Procedure Trays Market, By Packaging
- 6.1 Introduction
- 6.2 Wrap
- 6.3 Mold
- 6.4 Box
7 Global Customized Procedure Trays Market, By Material Type
- 7.1 Introduction
- 7.2 Plastic
- 7.3 Metal
- 7.4 Silicone
- 7.5 Other Material Types
8 Global Customized Procedure Trays Market, By End User
- 8.1 Introduction
- 8.2 Ambulatory Surgical Centers
- 8.3 Hospital
- 8.4 Clinics
- 8.5 Nursing Homes
- 8.6 Other End Users
9 Global Customized Procedure Trays Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Biometrix
- 11.2 Medline Industries
- 11.3 Owens & Minor, Inc.
- 11.4 3M
- 11.5 Pennine Healthcare
- 11.6 Nelipak Healthcare
- 11.7 Barrier Technologies
- 11.8 Paul Hartmann AG
- 11.9 Medical Action Industries
- 11.10 Lohmann & Rauscher International
- 11.11 A&B Medical Specialties
- 11.12 Dickinson and Company (BD)
- 11.13 B. Braun Melsungen AG
- 11.14 Medtronic plc
List of Tables
- Table 1 Global Customized Procedure Trays Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 4 Global Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 5 Global Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 6 Global Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 7 Global Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 8 Global Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 9 Global Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 10 Global Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 11 Global Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 12 Global Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 13 Global Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 14 Global Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 15 Global Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 16 Global Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 17 Global Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 18 Global Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 19 Global Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 20 North America Customized Procedure Trays Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 22 North America Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 23 North America Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 24 North America Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 25 North America Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 26 North America Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 27 North America Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 28 North America Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 29 North America Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 30 North America Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 31 North America Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 32 North America Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 33 North America Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 34 North America Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 35 North America Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 36 North America Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 37 North America Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 38 North America Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 39 Europe Customized Procedure Trays Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 41 Europe Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 42 Europe Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 43 Europe Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 44 Europe Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 45 Europe Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 46 Europe Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 47 Europe Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 48 Europe Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 49 Europe Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 50 Europe Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 51 Europe Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 52 Europe Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 53 Europe Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 54 Europe Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 55 Europe Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 56 Europe Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 57 Europe Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 58 Asia Pacific Customized Procedure Trays Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 60 Asia Pacific Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 61 Asia Pacific Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 62 Asia Pacific Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 63 Asia Pacific Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 64 Asia Pacific Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 65 Asia Pacific Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 66 Asia Pacific Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 67 Asia Pacific Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 68 Asia Pacific Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 69 Asia Pacific Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 70 Asia Pacific Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 71 Asia Pacific Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 72 Asia Pacific Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 73 Asia Pacific Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 74 Asia Pacific Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 75 Asia Pacific Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 76 Asia Pacific Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 77 South America Customized Procedure Trays Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 79 South America Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 80 South America Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 81 South America Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 82 South America Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 83 South America Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 84 South America Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 85 South America Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 86 South America Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 87 South America Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 88 South America Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 89 South America Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 90 South America Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 91 South America Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 92 South America Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 93 South America Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 94 South America Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 95 South America Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 96 Middle East & Africa Customized Procedure Trays Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Customized Procedure Trays Market Outlook, By Product Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Customized Procedure Trays Market Outlook, By Surgical (2021-2030) ($MN)
- Table 99 Middle East & Africa Customized Procedure Trays Market Outlook, By Minor (2021-2030) ($MN)
- Table 100 Middle East & Africa Customized Procedure Trays Market Outlook, By Packaging (2021-2030) ($MN)
- Table 101 Middle East & Africa Customized Procedure Trays Market Outlook, By Wrap (2021-2030) ($MN)
- Table 102 Middle East & Africa Customized Procedure Trays Market Outlook, By Mold (2021-2030) ($MN)
- Table 103 Middle East & Africa Customized Procedure Trays Market Outlook, By Box (2021-2030) ($MN)
- Table 104 Middle East & Africa Customized Procedure Trays Market Outlook, By Material Type (2021-2030) ($MN)
- Table 105 Middle East & Africa Customized Procedure Trays Market Outlook, By Plastic (2021-2030) ($MN)
- Table 106 Middle East & Africa Customized Procedure Trays Market Outlook, By Metal (2021-2030) ($MN)
- Table 107 Middle East & Africa Customized Procedure Trays Market Outlook, By Silicone (2021-2030) ($MN)
- Table 108 Middle East & Africa Customized Procedure Trays Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 109 Middle East & Africa Customized Procedure Trays Market Outlook, By End User (2021-2030) ($MN)
- Table 110 Middle East & Africa Customized Procedure Trays Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 111 Middle East & Africa Customized Procedure Trays Market Outlook, By Hospital (2021-2030) ($MN)
- Table 112 Middle East & Africa Customized Procedure Trays Market Outlook, By Clinics (2021-2030) ($MN)
- Table 113 Middle East & Africa Customized Procedure Trays Market Outlook, By Nursing Homes (2021-2030) ($MN)
- Table 114 Middle East & Africa Customized Procedure Trays Market Outlook, By Other End Users (2021-2030) ($MN)
