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The procedure trays industry is fragmented in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products with improved efficiency and cost-effectiveness are among a key market strategy for procedure tray manufacturers. Some of the leading industry players including 3M Company, AngioSystems, B. Braun Melsunen AG, and Baxter International Inc., among others have a substantial presence in the market.
Some of the eminent market participants operating in the procedure trays industry include:
The arthroscopy trays segment recorded over USD 3.8 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to increasing prevalence of joint disorders, such as osteoarthritis and sports-related injuries.
Procedure trays market size was USD 17.6 billion in 2023 and is expected to reach USD 37.7 billion by 2032 owing to the increasing number of surgical procedures coupled with the availability of customizable procedural trays worldwide.
North America procedure trays industry reached USD 6.8 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the increasing burden of chronic diseases, contributing to a higher number of medical interventions and procedures in the region.
B. Braun Melsungen AG, Baxter International Inc., Becton, Dickinson and Company, Cardinal Health, Inc., Medline Industries, LP, Merit Medical Systems, Inc., M