Regulatory Entities To Favor The Growth of Procedure Trays Market in Germany During 2022–2030

According to our new research study on “Germany Procedure Trays Market Forecast to 2030 – Country Analysis – by Application, End User,” the Germany procedure trays market size is valued at US$ 1,637.66 million in 2022 and is expected to reach US$ 3,600.53 million by 2030, and it estimated to grow at a rate of 10.3% from 2022 to 2030. The report highlights trends prevailing in the market and factors driving and hindering the Germany procedure trays market growth.

The Germany procedure trays market growth is due to the increasing number of surgeries and surge in medical tourism, which are the key factors driving the market's growth. On the other hand, the concerns about the disposal and standardization of procedure trays are hampering the market growth.

The MedTech Europe trade association in Germany represents the medical technology industry, including medical devices, diagnostics, and digital health. The mission of MedTech Europe is to increase access to innovative medical technology while supporting healthcare systems toward sustainability. Rising focus on cancer care and initiatives by government and NGOs towards managing CRC is anticipated to favor the market's growth.

In addition, the expansion of outpatient surgeries in Germany will propel the procedure trays market in the country. For instance, on June 23, 2022, the National Association of Statutory Health Insurance Physicians (KBV) announced the first steps aimed at expanding the utilization of surgical procedures within day case/outpatient settings. In the first stage, additional funding of around 60 million euros was available from January 1, 2023, increasing the tariffs of the selected surgical procedures by about 30%. 

By End Users, the Germany procedure trays market is expected to be led by the hospitals & clinics segment.

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

Companies operating in the Germany procedure trays market adopt various organic and inorganic strategies. Growth strategies mainly include product launches and approvals, mergers & acquisitions, collaborations, and partnerships, among the growth strategies witnessed in the Germany procedure trays market.

A few of the significant developments by key market players are listed below.

1. In January 2022, ICU Medical Inc. acquired Smiths Medical from Smiths Group plc. The Smiths Medical business includes syringes, ambulatory infusion devices, vascular access, and vital care products. Combined with ICU Medical’s existing businesses, the companies create a leading infusion therapy company with revenues of approximately US$ 2.5 billion.
2. In December 2021, Owens & Minor, Inc. acquired American Contract Systems (ACS), a Minnesota-based provider of kitting and sterilization services for Custom Procedure Tray (CPT) solutions. This acquisition will enhance combined abilities to serve customers with a stronger CPT offering.
3. In May 2020, Nelipak Healthcare Packaging launched Nelipak Academy, a seven-part educational webinar series. The free series covers various topics, including automated handling trays, NeliSim, polymer basics and film properties, rigid barrier packaging design, lab testing services, and heat seal coating technology.

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