At 9.5% CAGR, the Europe Procedure Trays Market is Projected to be Worth US$ 11,376.09 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe procedure trays market was valued at US$ 5,486.31 in 2022 and is expected to reach US$ 11,376.09 million by 2030, registering a CAGR of 9.5% from 2022 to 2030. Increasing number of surgical procedures and surge in medical tourism are among the critical factors attributed to the Europe procedure trays market expansion.

The prevalence of health conditions such as cardiovascular diseases, obstructed labor, injuries, and malignancies trigger the need for surgical procedures. According to research by the World Health Organization (WHO), the number of cesarean sections continues to increase worldwide, accounting for more than one in five (21%) births. This number is expected to rise over the coming decade, with almost a third (29%) of all births likely to be by cesarean section by 2030. Advances in surgical, anesthetic, and critical care techniques have resulted in a greater proportion of the growing elderly population undergoing surgical procedures. According to the data provided by the National Institutes of Health (NIH), ~20 million major surgeries are carried out each year in Europe. According to Eurostat, in 2020, ~3.66 million cataract surgeries and ~1.12 million cesarean sections were performed in the European Union (EU). In most EU member countries, the number of cesarean sections performed varied from 200 to 400 per 100,000 habitants in 2020. According to Dubai Health Authority (DHA), ~159,000 surgeries were performed in Dubai in 2021. According to Eurostat, transluminal coronary angioplasties were most common in Croatia and Germany in 2020; on average, the procedures were performed 462 and 384 times per 100,000 inhabitants, respectively. Thus, owing to the increasing number of surgeries worldwide, there is a growing demand for procedure trays that are used to hold instruments while performing surgical procedures.

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

Based on application, the Europe procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 54.6% share of the Europe procedure trays market in 2022, amassing US$ 2,993.90 million. It is projected to garner US$ 6,439.98 million by 2030 to expand at 10.0% CAGR during 2022–2030.

By end user, the Europe procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 65.8% share of the Europe procedure trays market in 2022, amassing US$ 3,611.42 million. It is projected to garner US$ 7,656.94 million by 2030 to expand at 9.8% CAGR during 2022–2030.

Based on country, the Europe procedure trays market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany held 29.9% share of Europe procedure trays market in 2022, amassing US$ 1,637.66 million. It is projected to garner US$ 3,600.53 million by 2030 to expand at 10.3% CAGR during 2022–2030.

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

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