Market revenue in 2023 | USD 973.3 million |
Market revenue in 2030 | USD 2,423.8 million |
Growth rate | 13.9% (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 |
Or was the largest segment with a revenue share of 58.38% in 2023. Horizon Databook has segmented the UK procedure trays market based on or, angiography, ophthalmic covering the revenue growth of each sub-segment from 2017 to 2030.
High per capita income, presence of an established healthcare system & healthcare professionals, access to care facilities, availability of advanced devices, and favorable reimbursement policies are some of the key factors that can be attributed to the significant share in the market. The government sets the budget for NHS on a three-year cycle.
Presence of well-trained & skilled surgeons, technological advancements, high adoption of minimally invasive surgeries, government initiatives, and rising healthcare expenditure are anticipated to propel the demand for surgical procedures in the future. Market players are required to undergo a separate market approval process in the UK.
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