In 2022, The global syringe trays market was valued at USD 17.6 billion, and analysts anticipate that this figure will rise to USD 50.98 billion over the course of the forecast year. It is anticipated that the market would expand at a CAGR of 11.4% during the years 2023 and 2030.
The storage and organization of syringes is made easier with the use of syringe trays. Because it contains compartments in which various kinds of needles can be stored, it makes it simpler for medical practitioners to begin surgical surgeries and other procedures quickly. As a consequence of this, professionals might enjoy time savings. These trays have been developed with the particular needs of the medical and pharmaceutical industries in mind.
The fact that these trays reduce the likelihood of separate medical supplies becoming accidentally tainted by one another is the primary benefit offered by these containers. In addition, these trays are fabricated using high-impact polystyrene in conjunction with premium raw materials that are conductive, anti-static, and sterilizable. The usage of the syringe trays allows for the correct utilization of medical supplies, which saves time and increases the stability of the items.
It is anticipated that increasing levels of awareness regarding cleanliness and safety will fuel the rise of the global market.
During the processes, there is a substantial danger to the patient's safety as well as the staff's ability to maintain their hygiene. Concerns have been voiced in response to the rising number of infections that patients get while receiving treatment in hospitals all around the world. As a consequence of this, it is anticipated that it will make a sizeable contribution to the expansion of the syringe tray market across the globe. Additionally, the growth of hospitals, ambulatory surgery centers, clinics, and other primary healthcare institutions is anticipated to enhance both sales and demand for syringe trays. This is due to the fact that these facilities require more syringe trays. In addition, an increase in the total number of surgical procedures as well as an extension of the patient pool are both anticipated to contribute to the expansion of the global market. In today's world, with its advanced technology and medical practices, the vast majority of prescription drugs are administered to patients via injection. The percentage of the world's population that is comprised of persons of retirement age is gradually climbing.
There are three distinct submarkets that can be distinguished within the market for syringe trays: application, kind, and geography.
The market for syringe trays is segmented into four application-based categories: polyvinyl chloride syringe trays, polystyrene syringe trays, polypropylene syringe trays, and polyethylene syringe trays. Each of these four types of syringe trays is made of a different type of plastic. This subsegment of the global market for polystyrene syringe trays accounts for the biggest amount of the overall market. This is because the trays can be reused in addition to being thrown away. They have a smooth and flat surface, which makes it simple to insert needles through them, which simplifies the process of drawing blood from them.
In addition to that, it details a relatively straightforward cleaning process. The polyvinyl chloride market is anticipated to experience consistent growth over the next few years as a result of the fact that it possesses both mechanical and chemical qualities. It is made by employing the processes of blowing, extruding, and injection moulding in the preparation process. PVC is resistant to damage from gamma radiation as well as both basic and acidic liquids, which includes ethylene.
During the period of time that is being considered, the market will be dominated by sales coming from North America.
As a result of rising investments in the healthcare and pharmaceutical industries, the market for syringe trays in North America currently accounts for the biggest part of the market worldwide. The ever-increasing number of senior citizens in the region's population is another factor that contributes, at least in part, to the market's continuous growth in that region. It is projected that the increasing prevalence of cardiovascular disease would drive up the number of surgical procedures conducted in the region. This is also anticipated to have a good impact on the expansion of the market because it is anticipated to drive up the number of surgical procedures performed in the region. The ongoing discoveries and technical developments, in particular in the field of medical sciences and healthcare, are expected to be a major contributor to the region's growth prospects, which are forecast to be increased even further in the near future.
The key players in the global syringe trays market include:
Addent Inc.
Terumo CorporationBecton
Dickinson and Company
Treiber Trays
East Coast Medical Supply
AdDent Inc
Medline Industries Inc.
AVSR Group Of Companies
Tray International (Pty) Ltd.
East Coast Medical Supply others.
The global syringe trays market is segmented as follows:
By Application
Polypropylene Syringe Trays
Polyvinyl Chloride Syringe Trays
Polystyrene Syringe Trays
Polyethylene Syringe Trays
• By Type
Pharmaceuticals
Veterinary Laboratories
Hospitals
Food Laboratories
Others
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East Africa
GCC
South Africa
Rest of Middle East Africa
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