Asia Pacific Procedure Trays Market Forecast to 2030

Asia Pacific Procedure Trays Market Forecast to 2030 – Regional Analysis – By Application (Operating Room, Angiography, Ophthalmology, and Others) and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others)

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Description

The Asia Pacific procedure trays market was valued at US$ 4,006.00 million in 2022 and is expected to reach US$ 8,868.48 million by 2030; it is estimated to grow at a CAGR of 10.4% from 2022 to 2030.

Integration of Procedure Trays with Cloud Platform and Data Analytics Fuels the Asia Pacific Procedure Trays Market

With rapid developments in the healthcare IT sector, companies manufacturing procedure trays are focusing on harnessing advanced technologies to enhance the experience of using procedure trays. Procedure trays carry various number instruments used in surgical procedures; however, a few instruments may not be used during the procedure. As each procedure tray can typically cost more than US$ 350,000 and having every type of set on the shelf at each surgical facility is not feasible, owing to which manufacturers generally loan them to hospitals. Once a procedure is executed, the hospital returns the instrument tray to the manufacturer for storage and redistribution to other hospitals. Each time a hospital returns a tray, the manufacturer needs to check for missing instruments, along with ensuring that they are correctly placed, cleaned, and fit for use in the next procedure. As this checking may become hectic for manufacturers, they are focused on using data analytics tools and cloud-based platforms to maintain the record of the instruments used during a surgery. For instance, companies such as BD and Johnson & Johnson MedTech are collaborating with cloud-based companies to engineer a scalable solution to improve the tracking and checking of instruments in procedure trays. These solutions or platforms can be used to share the surgery case and procedure-specific information and can also be associated with vendor tray requirements so that the hospital and manufacturer can receive schedule of the surgical procedure such as set images, instruction for use (IFU) documentation, and expected delivery time of the equipment. Thus, the use of cloud-based platforms and data analytics to maintain and streamline the data collected when procedure trays are in use is creating opportunities for the Asia Pacific procedure trays market players.

Asia Pacific Procedure Trays Market Overview

The Asia Pacific procedure trays market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. The market in Asia Pacific is expected to witness significant growth during the forecast period owing to increasing hospital admissions due to cardiovascular diseases, neurological disorders, traumatic injuries, as well as due to the introduction of advanced surgical technologies. Market participants are exploring growth opportunities in the region. For example, Johnson & Johnson MedTech has 60,000 treatment trays across Asia Pacific and lends those trays nearly 100,000 times a month. The manufacturer turned to Max Kelsen, an analytics and software agency specializing in machine learning, to help design and develop a solution that would make the supply chain more efficient and provide more insight into asset movements in the region. The sharp rise in obesity in China has recently increased the demand for cosmetic surgery. In addition, a significant proportion of working women undergo aesthetic manipulations. According to the International Society of Aesthetic Plastic Surgery, the number of cosmetic surgeries in Japan is increasing. The most common procedures performed in the country are eyelid surgery, botulinum toxin, and skin fillings. Cosmetic surgery is also common in Japan for children who undergo procedures to improve their appearance. In addition, rapid urbanization and population growth across APAC will increase the number of patients requiring surgical intervention.

The medical tourism industry in Asia Pacific is gaining significant traction. Emerging markets in the region place emphasis on developing advanced healthcare infrastructure while minimizing costs. For example, Japan is considered the preferred location for cancer treatments due to its specialization in heavy particle radiation therapy, regenerative medicine, and robotic surgery. According to the World Health Organization, Singapore has one of the best healthcare systems in Asia and ranks sixth in the world due to its efficient socialist healthcare model. Over half a million medical tourists visit Malaysia every year due to the country’s well-developed infrastructure and easy availability of services such as in vitro fertilization and sophisticated treatment for burn victims. In addition, many countries in the region have set up agencies to attract medical tourists for health treatments and raise patient awareness of medical tourism.

Therefore, the growing number of surgical procedures and rising medical tourism in Asia Pacific is expected to boost the Asia Pacific procedure trays market in future.

Asia Pacific Procedure Trays Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Procedure Trays Market Segmentation

The Asia Pacific procedure trays market is segmented based on application, end user, and country.

Based on application, the Asia Pacific procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held the largest share in 2022.

By end user, the Asia Pacific procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held the largest share in 2022.

Based on country, the Asia Pacific procedure trays market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific dominated the Asia Pacific procedure trays market in 2022.

3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Molnlycke Health Care AB, Nelipak Corporation, Owens & Minor Inc, and Teleflex Incorporated are some of the leading companies operating in the Asia Pacific procedure trays market.

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At 10.4% CAGR, the Asia Pacific Procedure Trays Market is Speculated to be Worth US$ 8,868.48 Million by 2030, says the research team

According to the research team’ research, the Asia Pacific procedure trays market was valued at US$ 4,006.00 in 2022 and is expected to reach US$ 8,868.48 million by 2030, registering a CAGR of 10.4% from 2022 to 2030. Escalating demand for customized procedure trays and integration of procedure trays with cloud platform and data analytics are among the critical factors attributed to the Asia Pacific procedure trays market expansion.

Surgical departments face the issue when too many products are pulled for procedures that end up on the back table of the operating room (OR) suite—opened, unused, and thrown away. They need to bear the cost of discarded products and the labor cost of returning unopened items to inventory. This scenario leads to the wastage of both time and money. For instance, a US$ 50 worth waste through procedure trays per surgery can lead to a loss of US$ 250,000 annually for a surgery center that performs ~5,000 procedures yearly. Hospitals often have special requirements for treatment sets. Choices vary by doctor and even by theater staff. The growing variety of surgical procedures and preferences requires procuring a wide variety and quantity of supporting clinical products. Thus, surgical centers should focus on optimizing custom procedure trays to support quality outcomes while reducing waste, controlling costs, and improving workflows. Standardized and customized procedure trays can save time, eliminate waste, ensure right components are at hand for each procedure, and streamline workflows. Surgery centers focus on including customized procedure trays in their supply chains to manage costs. Customized procedure trays are cheaper than traditional trays and purchasing them in bulk may result in the efficient reduction of the total procurement and operational cost of procedures. Thus, with the growing need for cost-effective products by hospitals and surgical centers, customized procedure trays are trending, thereby boosting the Asia Pacific procedure trays market.

On the contrary, concerns about disposal and standardization of procedure trays hampers the growth Asia Pacific procedure trays market.

Based on application, the Asia Pacific procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 54.7% share of the Asia Pacific procedure trays market in 2022, amassing US$ 2,189.34 million. It is projected to garner US$ 5,033.54 million by 2030 to expand at 11.0% CAGR during 2022-2030.

By end user, the Asia Pacific procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 68.8% share of the Asia Pacific procedure trays market in 2022, amassing US$ 2,754.78 million. It is projected to garner US$ 6,275.42 million by 2030 to expand at 10.8% CAGR during 2022-2030.

Based on country, the Asia Pacific procedure trays market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. The Rest of Asia Pacific held 24.1% share of Asia Pacific procedure trays market in 2022, amassing US$ 965.08 million. It is projected to garner US$ 2,103.60 million by 2030 to expand at 10.2% CAGR during 2022-2030.

Key players operating in the Asia Pacific procedure trays market are 3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Molnlycke Health Care AB, Nelipak Corporation, Owens & Minor Inc, and Teleflex Incorporated, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific procedure trays market.
o Highlights key in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific procedure trays market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the procedure trays market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Asia Pacific Procedure Trays Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Procedure Trays Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Asia Pacific Procedure Trays Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Number of Surgical Procedures
5.1.2 Surge in Medical Tourism
5.2 Market Restraints
5.2.1 Concerns About Disposal and Standardization of Procedure Trays
5.3 Market Opportunities
5.3.1 Integration of Procedure Trays with Cloud Platform and Data Analytics
5.4 Future Trends
5.4.1 Escalating Demand for Customized Procedure Trays
5.5 Impact Analysis
6. Procedure Trays Market – Asia Pacific Market Analysis
6.1 Asia Pacific Procedure Trays Market Revenue (US$ Mn), 2022 – 2030
7. Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 – by Application
7.1 Overview
7.2 Asia Pacific Procedure Trays Market Revenue Share, by Application 2022 & 2030 (%)
7.3 Operating Room
7.3.1 Overview
7.3.2 Operating Room: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Angiography
7.4.1 Overview
7.4.2 Angiography: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Ophthalmology
7.5.1 Overview
7.5.2 Ophthalmology: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 – by End User
8.1 Overview
8.2 Asia Pacific Procedure Trays Market Revenue Share, by End User 2022 & 2030 (%)
8.3 Hospitals & Clinics
8.3.1 Overview
8.3.2 Hospitals & Clinics: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Ambulatory Surgical Centers
8.4.1 Overview
8.4.2 Ambulatory Surgical Centers: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Procedure Trays Market, by Country, 2022 & 2030 (%)
9.1.1.1 China: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.1.1 China: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.1.2 China: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9.1.1.2 Japan: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 Japan: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.2.2 Japan: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9.1.1.3 India: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3.1 India: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.3.2 India: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9.1.1.4 Australia: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Australia: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.4.2 Australia: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9.1.1.5 South Korea: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.5.1 South Korea: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.5.2 South Korea: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9.1.1.6 Rest of Asia Pacific: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Procedure Trays Market, by Application, 2020-2030 (US$ Million)
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific Procedure Trays Market, by End User, 2020-2030 (US$ Million)
10. Asia Pacific Procedure Trays Market-Industry Landscape
10.1 Overview
10.2 Growth Strategies in Global Asia Pacific Procedure Trays Market (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Biometrix
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 3M Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Financial Overview
11.2.4 SWOT Analysis
11.2.5 Key Developments
11.3 BD
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Owens & Minor Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Molnlycke Health Care AB
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Nelipak Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Teleflex Incorporated
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Cardinal Health Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 ICU Medical Inc
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About Us
12.2 Glossary of Terms

LIST OF TABLES

Table 1. Asia Pacific Procedure Trays Market Segmentation
Table 2. List of Vendors in Value Chain
Table 3. China: Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 4. China: Asia Pacific Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 5. Japan : Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 6. Japan: Asia Pacific Procedure Trays Market, by End User- Revenue and Forecast to 2030 (US$ Million)
Table 7. India: Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 8. India: Asia Pacific Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 9. Australia: Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 10. Australia: Asia Pacific Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 11. South Korea: Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 12. South Korea: Asia Pacific Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 13. Rest of Asia Pacific: Asia Pacific Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 14. Rest of Asia Pacific: Asia Pacific Procedure Trays Market, by End User- Revenue and Forecast to 2030 (US$ Million)
Table 15. Organic Developments in the Global Asia Pacific Procedure Trays Market
Table 16. Inorganic Developments in the Global Asia Pacific Procedure Trays Market
Table 17. Glossary of Terms, Asia Pacific Procedure Trays Market

LIST OF FIGURES

Figure 1. Asia Pacific Procedure Trays Market Segmentation, By Country
Figure 2. Asia Pacific Procedure Trays Market: Key Industry Dynamics
Figure 3. Asia Pacific Procedure Trays Market: Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Procedure Trays Market Revenue (US$ Mn), 2020 – 2030
Figure 5. Asia Pacific Procedure Trays Market Revenue Share, by Application 2022 & 2030 (%)
Figure 6. Operating Room: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Angiography: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Ophthalmology: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Others: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Asia Pacific Procedure Trays Market Revenue Share, by End User 2022 & 2030 (%)
Figure 11. Hospitals & Clinics: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Ambulatory Surgical Centers: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Asia Pacific: Procedure Trays Market, by Key Country – Revenue (2022) (US$ Million)
Figure 15. Asia Pacific: Procedure Trays Market, by Country, 2022 & 2030 (%)
Figure 16. China: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Japan: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. India: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Australia: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. South Korea: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Rest of Asia Pacific: Asia Pacific Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 22. Growth Strategies in Global Asia Pacific Procedure Trays Market (%)

The List of Companies – Asia Pacific Procedure Trays Market

1. 3M Co
2. BD
3. Biometrix
4. Cardinal Health Inc
5. ICU Medical Inc
6. Molnlycke Health Care AB
7. Nelipak Corporation
8. Owens & Minor Inc
9. Teleflex Incorporated

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