At 10.4% CAGR, the Asia Pacific Procedure Trays Market is Projected to be Worth US$ 8,868.48 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Asia Pacific procedure trays market was valued at US$ 4,006.00 in 2022 and is expected to reach US$ 8,868.48 million by 2030, registering a CAGR of 10.4% from 2022 to 2030. Escalating demand for customized procedure trays and integration of procedure trays with cloud platform and data analytics are among the critical factors attributed to the Asia Pacific procedure trays market expansion.

Surgical departments face the issue when too many products are pulled for procedures that end up on the back table of the operating room (OR) suite—opened, unused, and thrown away. They need to bear the cost of discarded products and the labor cost of returning unopened items to inventory. This scenario leads to the wastage of both time and money. For instance, a US$ 50 worth waste through procedure trays per surgery can lead to a loss of US$ 250,000 annually for a surgery center that performs ~5,000 procedures yearly. Hospitals often have special requirements for treatment sets. Choices vary by doctor and even by theater staff. The growing variety of surgical procedures and preferences requires procuring a wide variety and quantity of supporting clinical products. Thus, surgical centers should focus on optimizing custom procedure trays to support quality outcomes while reducing waste, controlling costs, and improving workflows. Standardized and customized procedure trays can save time, eliminate waste, ensure right components are at hand for each procedure, and streamline workflows. Surgery centers focus on including customized procedure trays in their supply chains to manage costs. Customized procedure trays are cheaper than traditional trays and purchasing them in bulk may result in the efficient reduction of the total procurement and operational cost of procedures. Thus, with the growing need for cost-effective products by hospitals and surgical centers, customized procedure trays are trending, thereby boosting the Asia Pacific procedure trays market.

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

Based on application, the Asia Pacific procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 54.7% share of the Asia Pacific procedure trays market in 2022, amassing US$ 2,189.34 million. It is projected to garner US$ 5,033.54 million by 2030 to expand at 11.0% CAGR during 2022–2030.

By end user, the Asia Pacific procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 68.8% share of the Asia Pacific procedure trays market in 2022, amassing US$ 2,754.78 million. It is projected to garner US$ 6,275.42 million by 2030 to expand at 10.8% CAGR during 2022–2030.

Based on country, the Asia Pacific procedure trays market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 24.1% share of Asia Pacific procedure trays market in 2022, amassing US$ 965.08 million. It is projected to garner US$ 2,103.60 million by 2030 to expand at 10.2% CAGR during 2022–2030.

Key players operating in the Asia Pacific 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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