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Wednesday, 22 May 2024
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Germany Procedure Trays Market is expected to reach US$ 3,600.53 million by 2030

Germany Procedure Trays Market is growing at a CAGR of 10.3% to reach US$ 3,600.53 million by 2030 from US$ 1,637.66 million in 2022 by Application, End User, and Country.

By The Insight Partners

Cloud Platform and Data Analytics to Offer Opportunities for Germany Procedure Trays Market

According to our new research study on "Germany Procedure Trays Market Forecast to 2030 – Country Analysis – by Application and End User," the market size was valued at US$ 1,637.66 million in 2022 and is expected to reach US$ 3,600.53 million by 2030. It is estimated to grow at a CAGR of 10.3% from 2022 to 2030.

With rapid developments in the healthcare IT sector, companies manufacturing procedure trays focus on harnessing advanced technologies to enhance the experience of using procedure trays. Procedure trays carry various 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 and ensure 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 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 the schedule of the surgical procedure, such as set images, instruction for use (IFU) documentation, and expected delivery time of the equipment. Thus, using cloud-based platforms and data analytics to maintain and streamline the data collected when procedure trays are in use creates opportunities for the market players.

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00030091

The Germany procedure trays market has been analyzed and segmented on the basis of application and end user. The market is classified into operating room, angiography, ophthalmology, and others based on application. In 2033, the operating room segment held the largest market share and is estimated to register the highest CAGR during 2022–2030.  

On the basis of end user, the Germany procedure trays market is segmented into hospitals & clinics, ambulatory surgical centers, and others. In 2022, the hospitals & clinics segment was analyzed as the largest market share holder and is anticipated to register the highest CAGR during 2022–2030.

Country Analysis – Germany Procedure Trays Market

An open prospective study was performed as a case study in different hospitals in Germany. A total of 11 different Mölnlycke Procedure trays were used. The single-use material process was studied for each hospital, from ordering materials to disposal. The study results showed that introducing Mölnlycke Procedure trays saves the single-use material process time. They save time between 40% and 59%; the results were seen in the hospitals studied.

Furthermore, expanding outpatient surgeries in Germany will propel the procedure trays market in the country. For instance, on June 23, 2022, the National Association of Statutory Health Insurance Physicians (KBV) announced the first steps aimed at expanding the utilization of surgical procedures within day case/outpatient settings. In the first stage, additional funding of nearly US$63.22 million was available from January 1, 2023, leading to an increase in the tariffs of the selected surgical procedures by about 30%. Thus, using procedure trays during various hospital procedures, such as surgeries, helped reduce the time duration required to complete the overall process within the hospital.

Biometrix, Medica Europe BV, 3M Co, BD, Owens & Minor Inc, Molnlycke Health Care AB, Nelipak Corporation, Teleflex Incorporated, Cardinal Health Inc, and ICU Medical Inc. are among the leading companies operating in the Germany procedure trays market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.


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