U.S. Procedure Trays Market Size & Outlook, 2023-2030
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U.S. procedure trays market highlights
- The U.S. procedure trays market generated a revenue of USD 7,685.3 million in 2023 and is expected to reach USD 16,028.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.1% 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 7,685.3 million |
| Market revenue in 2030 | USD 16,028.3 million |
| Growth rate | 11.1% (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, U.S. accounted for 39.5% 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 North America, U.S. procedure trays market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,028.3 million by 2030.
Or was the largest segment with a revenue share of 58.43% in 2023. Horizon Databook has segmented the U.S. procedure trays market based on or, angiography, ophthalmic covering the revenue growth of each sub-segment from 2017 to 2030.
The U.S. was the largest North American market for procedure trays in 2018. Government initiatives to encourage the adoption of disposable medical supplies in order to prevent infections in operating rooms is the key factor responsible for growth of the procedure trays market in this region.
According to the National Center for Health Statistics, more than 48 million surgeries are performed in a year and are expected to grow exponentially. The geriatric population in the country is currently at 46 million and is supposed to double itself by 2060, which is supposed to increase the surgeries coupled with advancements in technology and drive the market for procedural trays.
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Procedure Trays Market Scope
Procedure Trays Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CPT Medical | View profile | 51-100 | Greenville, South Carolina, United States, North America | https://cptmed.com |
| Merit Medical Systems Inc | View profile | 6950 | 1600 West Merit Parkway, South Jordan, UT, United States, 84095 | https://www.merit.com |
| Owens & Minor Inc | View profile | 13700 | 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 | https://www.owens-minor.com |
| Mölnlycke Health Care | View profile | 11-50 | Budapest, Budapest, Hungary, Europe | https://www.molnlycke.hu |
| Hartmann Holdings | View profile | - | Moscow, Moscow City, Russian Federation, Europe | https://www.hartmannholdings.com |
| BD | View profile | 10001+ | Franklin Lakes, New Jersey, United States, North America | https://www.bd.com |
| B. Braun | View profile | 10001+ | Chapeltown, Sheffield, United Kingdom, Europe | https://www.bbraun.co.uk |
| Cardinal Health Inc | View profile | 48000 | 7000 Cardinal Place, Dublin, OH, United States, 43017 | https://www.cardinalhealth.com |
| Teleflex Inc | View profile | 14500 | 550 East Swedesford Road, Suite 400, Wayne, PA, United States, 19087 | https://www.teleflex.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
U.S. procedure trays market size, by end use, 2017-2030 (US$M)
U.S. Procedure Trays Market Outlook Share, 2023 & 2030 (US$M)
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