REPORT HIGHLIGHT
Syringe trays market size was valued at USD 17.552.8 Million in 2022, expanding at a CAGR of 11.0% from 2023 to 2030.
Syringe trays help in organizing and storing syringes. It has separate compartments that help to store several types of syringes, making it easy for professionals to proceed with surgical and other procedures conveniently. Moreover, these trays are selectively designed for pharmaceutical and medical purposes. These trays' major advantage is that they assist avoid the risk of cross-contamination between medical supplies. Additionally, these trays are made up of high-quality raw materials and high-impact polystyrene with sterilizable, conductive, and anti-static properties.
Syringe Trays Market - Market Dynamics:
- Increasing awareness regarding hygiene and safety will likely propel the market growth
- The safety and hygiene of staff and patients during the procedures is a significant concern. The concerns are because of the increasing cases of hospital infections across the globe. Thus, the growing number of ambulatory surgical centers, clinics, hospitals, and other primary healthcare centers is expected to fuel the demand for syringe trays. Additionally, the increasing number of patients with surgical and pool procedures is further projected to drive the market demand. In modern science and medicines, most of the medications are given via injections to patients. However, the increasing interest of consumers in one-time-use medical products will likely hamper the market growth. Furthermore, the rising investments by the big companies and government to propel research and development activities are widening the scope of the global syringe trays.
Syringe Trays Market - Key Insights:
- As per the analysis shared by our research analyst, the global syringe trays market is estimated to grow annually at a CAGR of around 11.0% over the forecast period (2023-2030)
- The syringe trays packaging industry is projected to grow at a significant rate due to the growing awareness safety and hygiene of staff and patients
- Based on type segmentation, polystyrene was predicted to show maximum market share in the year 2022
- The increase in demand for medical disposables is further driving the syringe trays market across the globe
Syringe Trays Market- Segmentation Analysis:
- The global syringe trays market is segmented on the basis of type, application, distribution channel, and region.
- The market is divided into four categories based on type: polystyrene, polyethylene, polypropylene, polyvinyl chloride, and others. The polystyrene segment is likely to hold the largest market share as they are disposable and can be reused. The plain and smooth surface of polystyrene is designed to draw blood and insert needles conveniently. Additionally, it provides a super easy way to clean.
- The market is divided into seven categories based on application: food, hospitals, veterinary, agriculture, diagnostics, pharmaceuticals, and research & laboratories. The agriculture segment is accounted to possess the largest revenue share due to the massive usage rate of these trays in this sector. These are broadly used by agricultural and farmers as they provide easy access to vaccines and other drugs. The
- The market is divided into two categories based on distribution channels: offline and online. The offline segment is likely to witness speedy growth over the forecast period. The segment is attributed to business activities that occur in brick-and-mortar or physical settings as compared to online or digital platforms. The offline segment would include sales, purchasing, and distribution activities that occur through traditional channels like medical supply distributors, healthcare institutions, and physical stores.
Syringe Trays Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Syringe Trays Market- Competitive Landscape:
The investments made by both major businesses and governments are the major factors fueling growth in the global market for syringe trays. In many markets, the progression of technology across the world is offering rise to innovation changes during the forecast period. Moreover, innovations in high-quality materials and the incorporation of cutting-edge technology are further administrating professionals to utilize syringe trays in their practices. For instance, in August 2022, Amcor recently invested into thermoforming capabilities in Europe as a part of its extended global healthcare packaging offering. Moreover, they can now support customers across Europe with specialized, tailored-to-needs thermoformed solutions for healthcare products.
Recent Developments:
For instance, in June 2023, Terumo Aortic launched the company's global Post-Approval Study (PAS) known as EXTEND for Thoraflex Hybrid, the only Frozen Elephant Trunk (FET) device for the treatment of patients with complex aortic arch disease.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL SYRINGE TRAYS MARKET KEY PLAYERS
- Becton
- Addent Inc.
- Terumo Corporation
- East Coast Medical Supply
- Amcor
- Dickinson and Company
- Treiber Trays
- AdDent Inc
- AVSR Group Of Companies
- Tray International (Pty) Ltd.
- Medline Industries Inc.
GLOBALSYRINGE TRAYS MARKET, BY TYPE
- Polystyrene Syringe Trays
- Polyethylene Syringe Trays
- Polypropylene Syringe Trays
- Polyvinyl Chloride Syringe Trays
- Others
GLOBAL SYRINGE TRAYS MARKET, BY APPLICATION
- Food Laboratories
- Hospitals
- Veterinary
- Agriculture
- Diagnostics
- Pharmaceuticals
- Research & Laboratories
GLOBAL SYRINGE TRAYS MARKET, BY DISTRIBUTION CHANNEL
GLOBAL SYRINGE TRAYS MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA