Market Size 2023 (Base Year) | USD 104.05 Million |
Market Size 2032 (Forecast Year) | USD 146.81 Million |
CAGR | 3.9% |
Forecast Period | 2024 - 2032 |
Historical Period | 2018 - 2023 |
As per the published report by Market Research Store, the global Syringe Trays Market size was estimated at USD 104.05 Million in 2023 and is anticipated to reach USD 146.81 Million by 2032, growing at a projected CAGR of 3.9%. The report provides a detailed analysis of the global market, including market trends, market dynamics, and market opportunities during the forecast period (2024-2032). It delves deeper into several market facets, such as market definition, size, growth, forecast, segmentation, competitive analysis, growth drivers, restraints, financial analysis, SWOT analysis, PORTER’s five force analysis, PESTEL analysis, market share analysis, cost-benefit analysis, challenges, restraints, strategic recommendations, and market players.
Syringe trays are specially designed for the pharmaceuticals applications with the help of good quality raw material and high-impact polystyrene that have anti-static, sterilizable, or conductive properties. With the help of the syringe trays, the overall safety and security of the vaccines, medicines, and syringes are ensured by adopting the sensors, plastic technologies, and other equipment.
The sterile piston irrigation syringe trays are sterile and a thumb ring has been designed so that there is an elimination of hand slippage and avoiding the contamination of the products. The elongated tip facilitates the tube feeding and also includes an extra large orifice in order to remove the mucous shreds and clots.
The global market for the syringe trays is fragmented into material type and application.
Based on the material type, the global market is segregated into polypropylene, polyvinyl chloride, polystyrene, polyethylene, and acrylonitrile butadiene styrene.
Based on the application, the market is categorized into pharmaceuticals, veterinary, agriculture, and food.
The key factors that are driving the syringe trays market are the increasing amount of the healthcare facilities and the development of the new form of injectables. The syringe trays are available in customized forms as per the requirement of the consumers thus highly appealing to the consumers which propel the demand of the syringe trays. The main factor that is driving the market growth is the growing demand from the healthcare sectors for the products storage which in turn protects the healthcare workers from getting exposed to the harmful drugs. Other factors that are positively affecting the growth of the market are the increasing geriatric population and increasing inclination of the consumers towards the sophisticated packaging. The trend that is now popular in the syringe tray market is the usage of the high-quality materials and the developing manufacturing units that make use of the modern technologies. The growing use of the disposable medical products is causing environmental issues thus limiting the growth of the syringe tray market.
Report Attributes | Report Details |
---|---|
Report Name | Syringe Trays Market |
Market Size in 2023 | USD 104.05 Million |
Market Forecast in 2032 | USD 146.81 Million |
Growth Rate | CAGR of 3.9% |
Number of Pages | 115 |
Key Companies Covered | Tray International (Pty) Ltd., AVSR Group Of Companies, Medline Industries Inc., AdDent Inc., East Coast Medical Supply, and Treiber Trays. |
Segments Covered | By material type, By application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is dominating the syringe trays market. In the Middle East and Africa region, the market for the syringe trays is growing at a slow pace which is due to the factors such as slow development of the public sector due to the regional challenges, low prices of the oil, and the economic stability. Due to the developing generics and the R&D activities, the market in the Eastern Europe will have a promising market growth. In the Western Europe, the market will grow in the coming years owing to the development of the pharmaceutical sector.
The key market players that are involved in the syringe trays market include:
By Material type
By Application
Syringe Trays
Syringe Trays
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