Middle East & Africa Procedure Trays Market Forecast to 2030
Middle East & Africa 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
Escalating Demand for Customized Procedure Trays Fuels the Middle East & Africa Procedure Trays Market
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 Middle East & Africa procedure trays market.
Middle East & Africa Procedure Trays Market Overview
The Middle East & Africa procedure trays market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Increasing number of cosmetic surgeries and rising prevalence of cardiovascular disorders are factors fueling the Middle East & Africa procedure trays market growth in the Middle East & Africa.
Saudi Arabia has a large geriatric population susceptible to various health conditions requiring surgical procedures. According to the WHO, coronary heart disease deaths in Saudi Arabia reached 39,037 in 2020, accounting for 29.13% of total deaths in the country. Further, according to a study conducted by the International Society of Aesthetic Plastic Surgeons, Saudi Arabia ranks 22nd among the top 25 countries with the highest rates of cosmetic procedures globally.
According to an article published by National News in March 2023, Dubai Health Authority figures showed the number of people seeking cosmetic procedures in Dubai had risen sharply from 223,507 in 2020 to 583,909 in 2022. The sub-Saharan Africa region is also experiencing a rise in the incidence of hypertension. The major risk factor for heart disease is hypertension; nearly 10% of the population aged 15 years and above is pre-hypertensive. According to an article published by the National Library of Medicine in 2021, cosmetic procedures are increasingly being accepted among youth in the Middle East, with skin and nasal procedures being the most popular. The increase in cosmetic surgical procedures is fueling the growth of the Middle East & Africa procedure trays market.
Middle East & Africa Procedure Trays Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Procedure Trays Market Segmentation
The Middle East & Africa procedure trays market is segmented based on application, end user, and country.
Based on application, the Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa procedure trays market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa procedure trays market in 2022.
3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Molnlycke Health Care AB, and Teleflex Incorporated are some of the leading companies operating in the Middle East & Africa procedure trays market.
Summary Info
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According to the research team’ research, the Middle East & Africa procedure trays market was valued at US$ 845.29 in 2022 and is expected to reach US$ 1,589.07 million by 2030, registering a CAGR of 8.2% from 2022 to 2030. Integration of procedure trays with cloud platform and data analytics and escalating demand for customized procedure trays are among the critical factors attributed to the Middle East & Africa procedure trays market expansion.
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 Middle East & Africa procedure trays market players.
On the contrary, concerns about disposal and standardization of procedure trays hampers the growth Middle East & Africa procedure trays market.
Based on application, the Middle East & Africa procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 49.6% share of the Middle East & Africa procedure trays market in 2022, amassing US$ 419.56 million. It is projected to garner US$ 822.47 million by 2030 to expand at 8.8% CAGR during 2022-2030.
By end user, the Middle East & Africa procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 71.5% share of the Middle East & Africa procedure trays market in 2022, amassing US$ 604.09 million. It is projected to garner US$ 1,166.31 million by 2030 to expand at 8.6% CAGR during 2022-2030.
Based on country, the Middle East & Africa procedure trays market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia held 40.5% share of Middle East & Africa procedure trays market in 2022, amassing US$ 342.43 million. It is projected to garner US$ 685.05 million by 2030 to expand at 9.1% CAGR during 2022-2030.
Key players operating in the Middle East & Africa procedure trays market are 3M Co, BD, Biometrix, Cardinal Health Inc, ICU Medical Inc, Molnlycke Health Care AB, 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Procedure Trays Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Procedure Trays Market – Key Industry Dynamics
4.1 Market Drivers
4.1.1 Increasing Number of Surgical Procedures
4.1.2 Surge in Medical Tourism
4.2 Market Restraints
4.2.1 Concerns About Disposal and Standardization of Procedure Trays
4.3 Market Opportunities
4.3.1 Integration of Procedure Trays with Cloud Platform and Data Analytics
4.4 Future Trends
4.4.1 Escalating Demand for Customized Procedure Trays
4.5 Impact Analysis
5. Procedure Trays Market – Middle East & Africa Market Analysis
5.1 Middle East & Africa Procedure Trays Market Revenue (US$ Mn), 2022 – 2030
6. Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 – by Application
6.1 Overview
6.2 Middle East & Africa Procedure Trays Market Revenue Share, by Application 2022 & 2030 (%)
6.3 Operating Room
6.3.1 Overview
6.3.2 Operating Room: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Angiography
6.4.1 Overview
6.4.2 Angiography: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Ophthalmology
6.5.1 Overview
6.5.2 Ophthalmology: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Others
6.6.1 Overview
6.6.2 Others: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7. Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 Middle East & Africa Procedure Trays Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospitals & Clinics
7.3.1 Overview
7.3.2 Hospitals & Clinics: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Ambulatory Surgical Centers
7.4.1 Overview
7.4.2 Ambulatory Surgical Centers: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 – Country Analysis
8.1 Overview
8.1.1 Middle East & Africa: Procedure Trays Market, by Country, 2022 & 2030 (%)
8.1.1.1 Saudi Arabia: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.1 Saudi Arabia: Middle East & Africa Procedure Trays Market, by Application, 2020-2030 (US$ Million)
8.1.1.1.2 Saudi Arabia: Middle East & Africa Procedure Trays Market, by End User, 2020-2030 (US$ Million)
8.1.1.2 South Africa: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.1 South Africa: Middle East & Africa Procedure Trays Market, by Application, 2020-2030 (US$ Million)
8.1.1.2.2 South Africa: Middle East & Africa Procedure Trays Market, by End User, 2020-2030 (US$ Million)
8.1.1.3 UAE: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.1 UAE: Middle East & Africa Procedure Trays Market, by Application, 2020-2030 (US$ Million)
8.1.1.3.2 UAE: Middle East & Africa Procedure Trays Market, by End User, 2020-2030 (US$ Million)
8.1.1.4 Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.4.1 Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market, by Application, 2020-2030 (US$ Million)
8.1.1.4.2 Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market, by End User, 2020-2030 (US$ Million)
9. Middle East & Africa Procedure Trays Market-Industry Landscape
9.1 Overview
9.2 Growth Strategies in Global Middle East & Africa Procedure Trays Market (%)
9.3 Organic Developments
9.3.1 Overview
9.4 Inorganic Developments
9.4.1 Overview
10. Company Profiles
10.1 Biometrix
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 3M Co
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Financial Overview
10.2.4 SWOT Analysis
10.2.5 Key Developments
10.3 BD
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Molnlycke Health Care AB
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Teleflex Incorporated
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Cardinal Health Inc
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 ICU Medical Inc
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
11. Appendix
11.1 About Us
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Procedure Trays Market Segmentation
Table 2. Saudi Arabia: Middle East & Africa Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 3. Saudi Arabia: Middle East & Africa Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 4. South Africa: Middle East & Africa Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. South Africa: Middle East & Africa Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 6. UAE: Middle East & Africa Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. UAE: Middle East & Africa Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market, by Application – Revenue and Forecast to 2030 (US$ Million)
Table 9. Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market, by End User – Revenue and Forecast to 2030 (US$ Million)
Table 10. Organic Developments in the Global Middle East & Africa Procedure Trays Market
Table 11. Inorganic Developments in the Global Middle East & Africa Procedure Trays Market
Table 12. Glossary of Terms, Middle East & Africa Procedure Trays Market
LIST OF FIGURES
Figure 1. Middle East & Africa Procedure Trays Market Segmentation, By Country
Figure 2. Middle East & Africa Procedure Trays Market: Key Industry Dynamics
Figure 3. Middle East & Africa Procedure Trays Market: Impact Analysis of Drivers and Restraints
Figure 4. Middle East & Africa Procedure Trays Market Revenue (US$ Mn), 2020 – 2030
Figure 5. Middle East & Africa Procedure Trays Market Revenue Share, by Application 2022 & 2030 (%)
Figure 6. Operating Room: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 7. Angiography: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. Ophthalmology: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Others: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Middle East & Africa Procedure Trays Market Revenue Share, by End User 2022 & 2030 (%)
Figure 11. Hospitals & Clinics: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Ambulatory Surgical Centers: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Middle East & Africa: Procedure Trays Market, by Key Country – Revenue (2022) (US$ Million)
Figure 15. Middle East & Africa: Procedure Trays Market, by Country, 2022 & 2030 (%)
Figure 16. Saudi Arabia: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. South Africa: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. UAE: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Rest of Middle East & Africa: Middle East & Africa Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Growth Strategies in Global Middle East & Africa Procedure Trays Market (%)
The List of Companies – Middle East & Africa Procedure Trays Market
1. 3M Co
2. BD
3. Biometrix
4. Cardinal Health Inc
5. ICU Medical Inc
6. Molnlycke Health Care AB
7. Teleflex Incorporated
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