Germany Procedure Trays Market Size & Outlook, 2023-2030
Germany procedure trays market, 2017-2030 (US$M)
Related Markets
Germany procedure trays market highlights
- The Germany procedure trays market generated a revenue of USD 1,381.8 million in 2023 and is expected to reach USD 3,481.9 million by 2030.
- The Germany market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, or was the largest revenue generating product in 2023.
- OR is the most lucrative product segment registering the fastest growth during the forecast period.
Procedure trays market data book summary
| Market revenue in 2023 | USD 1,381.8 million |
| Market revenue in 2030 | USD 3,481.9 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Or |
| Fastest growing segment | OR |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | OR, Angiography, Ophthalmic |
| Key market players worldwide | Owens & Minor Inc, Cardinal Health Inc, 3M Co, Teleflex Inc, B. Braun, BD, Merit Medical Systems Inc, Mölnlycke Health Care, Hartmann Holdings, Medtronic PLC, CPT Medical |
Other key industry trends
- In terms of revenue, Germany accounted for 7.1% of the global procedure trays market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany procedure trays market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,481.9 million by 2030.
Or was the largest segment with a revenue share of 58.37% in 2023. Horizon Databook has segmented the Germany procedure trays market based on or, angiography, ophthalmic covering the revenue growth of each sub-segment from 2017 to 2030.
Germany held the highest share of the European market in 2018 and is expected to maintain its dominance during the forecast period. Increase in geriatric population has led to rise in number of surgical procedures in Germany. For instance, it is estimated that the elderly population (age 65 or more) will increase from 17 million in 2012 to 23 million in 2050.
In Germany, implementation of the new EU medical devices directives is regulated by Federal Health Ministry. Stringent regulatory scenario may hamper growth of the market. In May 2017, the new Medical Device Regulation (MDR) and IVD Directives took effect. New regulations include exhaustive guidelines for clinical evaluation.
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Procedure Trays Market Scope
Procedure Trays Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany procedure trays market size, by product, 2017-2030 (US$M)
Germany Procedure Trays Market Outlook Share, 2023 & 2030 (US$M)
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