South & Central America Procedure Trays Market Forecast to 2030

South & Central America Procedure Trays Market Forecast to 2030

South & Central America 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 South & Central America procedure trays market was valued at US$ 1,106.98 million in 2022 and is expected to reach US$ 2,227.45 million by 2030; it is estimated to grow at a CAGR of 9.1% from 2022 to 2030.

Surge in Medical Tourism Fuel the South & Central America Procedure Trays Market

Many countries are becoming popular destinations for health seekers. According to the Medical Tourism Association (MTA), ~14 million people travel to other countries for medical care yearly. The advancements in medical devices and non-invasive surgical procedures are the major factors responsible for the increasing medical tourism. According to the Centers for Disease Control and Prevention (CDC), millions of Americans travel abroad yearly for medical care. Medical tourism destinations for US citizens include Argentina, Brazil, Canada, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, Germany, India, Malaysia, Mexico, Nicaragua, Peru, Singapore, and Thailand. Brazil is one of the top medical tourism destinations that travelers choose amidst a rising worldwide medical tourism industry. Brazil is home to internationally renowned hospitals and clinics with highly skilled medical personnel. In the field of medical tourism, Brazil has recently become well-known worldwide for a wide range of medical operations and treatments. At still-competitive pricing, patients can also take advantage of an amazing recuperation stay in Brazil. The most popular treatments include constructive and cosmetic surgery. Thus, with developments in healthcare services leads to an increase in medical tourism, thereby bolstering the number of surgical procedures carried out which, in turn, boosts the growth of the procedure trays market.

South & Central America Procedure Trays Market Overview

The South & Central America procedure trays market is categorized into Brazil, Argentina, and the Rest of South & Central America. The market in the region is expected to experience growth opportunities due to increasing prevalence of chronic disease, rising number of surgical procedures, and growing medical tourism industry for surgeries.

According to the International Society of Aesthetic Plastic Surgery report, Brazil conducts maximum non-surgical procedures globally. Obesity is one of the key factors boosting the market growth. Like Brazil, Argentina is one of the leading economies in the region. The healthcare sector in South & Central America witnesses continuous innovations, benefiting patients without compromising their safety or the quality of their care. Minimally invasive surgery has become increasingly important in South & Central American hospital centers. According to the International Trade Administration, Brazil is the largest healthcare market in South & Central America and spends 9.1% of its GDP on healthcare. Brazil is among the developing countries and is known among the best destination for medical tourism. Most people from the US and other countries of North America visit Brazil to avail low-cost medical treatment under the medical tourism plan. Due to the increasing medical tourism in Argentina, almost any medical service is available at up to 30% cheaper prices than in other countries in the region. The country has become a cosmetic and plastic surgery center due to a rise in domestic and international demand. Therefore, medical tourism in Argentina mainly focuses on cosmetic and plastic surgery. According to publications.iadb.org, in 2020, 15.7% of Argentina’s population was over age 60, i.e., nearly 7.1 million people. This percentage is expected to continue rising to 22% by 2050, at a point which will be equivalent to around 12.5 million people, and to 34% by 2100, or around 20 million individuals. Thus, the growing aging population is susceptible to acquiring chronic diseases and thus increasing the number of surgeries in the country.

Therefore, the factors such as growing geriatric population, increasing surgeries, and rise in medical tourism are expected to promote the South & Central America procedure trays market growth in the region.

South & Central America Procedure Trays Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Procedure Trays Market Segmentation

The South & Central America procedure trays market is segmented based on application, end user, and country.

Based on application, the South & Central America 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 South & Central America 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 South & Central America procedure trays market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America procedure trays market in 2022.

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

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At 9.1% CAGR, the South & Central America Procedure Trays Market is Speculated to be Worth US$ 2,227.45 Million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America procedure trays market was valued at US$ 1,106.98 in 2022 and is expected to reach US$ 2,227.45 million by 2030, registering a CAGR of 9.1% from 2022 to 2030. Increasing number of surgical procedures and surge in medical tourism are among the critical factors attributed to the South & Central America procedure trays market expansion.

The prevalence of health conditions such as cardiovascular diseases, obstructed labor, injuries, and malignancies trigger the need for surgical procedures. According to research by the World Health Organization (WHO), the number of cesarean sections continues to increase worldwide, accounting for more than one in five (21%) births. This number is expected to rise over the coming decade, with almost a third (29%) of all births likely to be by cesarean section by 2030. Advances in surgical, anesthetic, and critical care techniques have resulted in a greater proportion of the growing elderly population undergoing surgical procedures. According to WHO, the world geriatric population is expected to reach 1.5 billion by 2050. According to the International Society of Aesthetic Plastic Surgery’s Global Survey on Aesthetic/Cosmetic Procedures 2022, Brazil ranked second in terms of surgical procedures performed worldwide, accounting for 8.9%. Also, between January 2012 and May 2023, more than 282,000 lower limb amputation procedures were carried out in public hospitals in Brazil. 31,190 surgeries were performed in just the previous year, which indicates that at least 85 Brazilians had their feet or legs amputated every day via the nation’s healthcare system. Thus, owing to the increasing number of surgeries worldwide, there is a growing demand for procedure trays that are used to hold instruments while performing surgical procedures.

On the contrary, concerns about disposal and standardization of procedure trays hampers the growth South & Central America procedure trays market.

Based on application, the South & Central America procedure trays market is segmented into operating room, angiography, ophthalmology, and others. The operating room segment held 53.8% share of the South & Central America procedure trays market in 2022, amassing US$ 595.84 million. It is projected to garner US$ 1,246.88 million by 2030 to expand at 9.7% CAGR during 2022-2030.

By end user, the South & Central America procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. The hospitals & clinics segment held 68.7% share of the South & Central America procedure trays market in 2022, amassing US$ 760.94 million. It is projected to garner US$ 1,563.43 million by 2030 to expand at 9.4% CAGR during 2022-2030.

Based on country, the South & Central America procedure trays market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 61.9% share of South & Central America procedure trays market in 2022, amassing US$ 685.11 million. It is projected to garner US$ 1,415.32 million by 2030 to expand at 9.5% CAGR during 2022-2030.

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

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America procedure trays market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America 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 South & Central America 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 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 South & Central America Procedure Trays Market, by Country (US$ Million)
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America 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 – South & Central America Market Analysis
5.1 South & Central America Procedure Trays Market Revenue (US$ Mn), 2022 – 2030
6. South & Central America Procedure Trays Market – Revenue and Forecast to 2030 – by Application
6.1 Overview
6.2 South & Central America Procedure Trays Market Revenue Share, by Application 2022 & 2030 (%)
6.3 Operating Room
6.3.1 Overview
6.3.2 Operating Room: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.4 Angiography
6.4.1 Overview
6.4.2 Angiography: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.5 Ophthalmology
6.5.1 Overview
6.5.2 Ophthalmology: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
6.6 Others
6.6.1 Overview
6.6.2 Others: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7. South & Central America Procedure Trays Market – Revenue and Forecast to 2030 – by End User
7.1 Overview
7.2 South & Central America Procedure Trays Market Revenue Share, by End User 2022 & 2030 (%)
7.3 Hospitals & Clinics
7.3.1 Overview
7.3.2 Hospitals & Clinics: South & Central America 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: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Procedure Trays Market – Revenue and Forecast to 2030 – Country Analysis
8.1.1 South & Central America Procedure Trays Market Share by Country – 2022 & 2030, (%)
8.1.1.1 Brazil: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.1.1 Brazil: South & Central America Procedure Trays Market, By Application, 2020-2030 (US$ Million)
8.1.1.1.2 Brazil: South & Central America Procedure Trays Market, By End User, 2020-2030 (US$ Million)
8.1.1.2 Argentina: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.2.1 Argentina: South & Central America Procedure Trays Market, By Application, 2020-2030 (US$ Million)
8.1.1.2.2 Argentina: South & Central America Procedure Trays Market, By End User, 2020-2030 (US$ Million)
8.1.1.3 Rest of South & Central America: South & Central America Procedure Trays Market – Revenue and Forecast to 2030 (US$ Million)
8.1.1.3.1 Rest of South & Central America: South & Central America Procedure Trays Market, By Application, 2020-2030 (US$ Million)
8.1.1.3.2 Rest of South & Central America: South & Central America Procedure Trays Market, By End User, 2020-2030 (US$ Million)
9. South & Central America Procedure Trays Market-Industry Landscape
9.1 Overview
9.2 Growth Strategies in Global South & Central America 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 Nelipak Corporation
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 Teleflex Incorporated
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 Cardinal Health 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
10.8 ICU Medical Inc
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About Us
11.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America Procedure Trays Market Segmentation
Table 2. Brazil: South & Central America Procedure Trays Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 3. Brazil: South & Central America Procedure Trays Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 4. Argentina: South & Central America Procedure Trays Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 5. Argentina: South & Central America Procedure Trays Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 6. Rest of South & Central America: South & Central America Procedure Trays Market, By Application – Revenue and Forecast to 2030 (US$ Million)
Table 7. Rest of South & Central America: South & Central America Procedure Trays Market, By End User – Revenue and Forecast to 2030 (US$ Million)
Table 8. Organic Developments in the Global South & Central America Procedure Trays Market
Table 9. Inorganic Developments in the Global South & Central America Procedure Trays Market
Table 10. Glossary of Terms, South & Central America Procedure Trays Market

LIST OF FIGURES

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

The List of Companies – South & Central America Procedure Trays Market

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

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