Europe and Middle East & Africa Procedure Trays Market is expected to reach US$ 7,822.19 million by 2028

Publisher: The Insight Partners

Report: Europe and Middle East & Africa Procedure Trays Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Angiography, Ophthalmology, Operating Room, and Anesthesia Room) and End User (Hospitals, Clinics, and Ambulatory Surgical Centers)

Operating Room Segment to Hold Largest Share of Europe and MEA Procedure Trays Market During 2022–2028

According to our latest study on “Europe and Middle East & Africa Procedure Trays Market Procedure Trays Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type and End User,” the market is expected to grow from US$ 4,320.50 million in 2022 to US$ 7,822.19 million by 2028; it is estimated to record a CAGR of 10.4% from 2022 to 2028. The report highlights key factors driving the Europe and MEA procedure trays market growth and prominent players with their developments in the Europe and MEA procedure trays market.

Procedure trays are preferred on a large scale as they are sterile. The trays are designed to meet the different requirements of various procedures. Increasing number of surgical procedures and rising medical tourism drive the growth of the Europe and MEA procedure trays market. Also, the surging demand for customized surgical trays is expected to fuel the market growth in the coming years.

The Europe and MEA procedure trays market, based on product type, is segmented into angiography, ophthalmology, operating room, and anesthesia room. The operating room segment held the largest market share in 2022, and the market for this segment is expected to grow at the fastest rate in the coming years in Europe and MEA procedure trays market. The correct setup and arrangement of surgical instruments help a surgeon perform surgery efficiently. Proper sterile precautions of surgical instruments play a key role in the patient's post-operative health. In operating room, surgical trays provide specific instruments according to the surgery needs, which reduces the pressure on technical staff and enables hassle-free surgery. Owens & Minor, Inc. provides custom procedure trays for various procedures such as general surgery, orthopaedic procedure, plastic surgery, and cardiology/vascular procedure. According to Eurostat, in 2020, about 1.12 million cesarean procedures were carried out in the EU. As per the same source, in the same year, ~294 people per 1,000 inhabitants underwent hip replacement surgeries in Germany. The increasing number of surgeries carried out in operating rooms is fuelling the use of procedure trays in the operating rooms.

The Europe and MEA procedure trays market, based on end user, is segmented into hospitals, clinics, and ambulatory surgical centers. In 2022, the hospitals segment held the largest market share. The market for the same segment is expected to grow at the fastest rate in the coming years. Hospital provides health care to people through complicated but specialized scientific equipment. Staff in the hospital is educated and trained in modern medical science. Hospitals play an important role in the overall healthcare system and offer advanced treatment options for patients suffering from chronic and hard-to-heal wounds. Most surgeries are performed in hospitals, as they provide continuous patient care and monitoring. Moreover, the increasing population has propelled the demand for healthcare services, which increases the number of hospitals and staff. Therefore, the Europe and MEA procedure trays market for the hospital segment is expected to experience significant growth during the forecast period.

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

Impact of COVID-19 Pandemic on Europe and Middle East & Africa Procedure Trays Market Procedure Trays Market

The rising number of COVID-19 patients propelled the demand for medical procedure trays to due to the spread of infection and treatment of the infection.. According to a study published in February 2022 by the National Library of Medicine, surgical services were temporarily shut down during the initial period of COVID-19 outbreak. However, the healthcare system continued to provide safe care for thoracic surgery patients, especially those suffering from oncologic conditions. Also, COVID-19 outbreak increased the demand for equipment, such as syringes, sharp instruments, as well as medical supplies. Increasing COVID-19 cases across the regions bolstered the need for medical supplies among healthcare professionals and general population as preventive measures. This increased demand for medical supplies gives manufacturers of these products an opportunity to ensure adequate and continuous supplies of equipment. Consequently, COVID-19 pandemic had a positive impact on the Europe and MEA procedure trays market.

The report segments the Europe and Middle East & Africa Procedure Trays Market procedure trays market as follows:

The Europe and MEA procedure trays market, based on product type, is segmented into angiography, ophthalmology, operating room, and anesthesia room. The market, based on end user, is segmented into hospitals, clinics, and ambulatory surgical centers. Based on geography, the Europe and MEA procedure trays market is bifurcated into Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe) and the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa).

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