Syringe tray market sales were forecast to reach US$ 17.80 billion globally in 2022, and from that year through 2032, sales are projected to increase at a CAGR of 11.3%. By 2032, it’s expected to be worth US$ 51.92 billion.
Syringe trays are made for pharmaceuticals applications using high-quality raw material and high-impact polystyrene with sterilizable, anti-static or conductive properties. Syringe trays ensures the overall safety and security of the medicines, vaccines, and syringes by adopting plastic technologies, sensors, and other equipment.
Syringe trays allows a convenient usage of the equipment kept in it which in turn saves the time and leads to more acceptability of the product in the global syringe trays market. Moreover, the syringe trays are being increasingly used in healthcare sector due to their break resistant feature and also, the hand spillage and contamination issues are reduced to a great extent. To provide a cost-effective and easy-to-handle packaging forms, syringe trays were introduced and the market is further anticipated to grow during the forecast period.
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Syringe Trays Market: Dynamics
Growing number of healthcare facilities and the introduction of new forms of injectable are some of the important factors driving the growth of the global syringe tray market. Moreover, the syringe trays are obtainable in other unique specifications as per the customer’s choices which helps in achieving maximum consumer appeal and hence is further expected to propel the growth of the global syringe tray market.
The growth of the syringe trays market is mainly driven by the growing demand from the healthcare organizations for storage products that minimizes the exposure of the harmful drugs to the healthcare workers. Rising aging population and inclining consumer demand towards the sophisticated packaging are likely to boost the growth of the syringe tray market.
The new trend of the Syringe tray market includes well-developed manufacturing unit using modern/latest technologies and use of a high quality material (polystyrene). Moreover, the increased use of disposable medical products, can generate environmental issues which hampers the growth of the syringe tray market.
Syringe Trays Market: Segmentation
The global syringe trays market is segmented on the basis of material type, application, and geography. On the basis of material type, the global syringe trays market is segmented into polyethylene terephthalate (PET), polypropylene (PP), polyethylene (PE), and polyvinyl chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Polystyrene (PS). On the basis of application, the global syringe trays market is segmented into pharmaceuticals, agriculture, veterinary, and food. Pharmaceuticals accounts for the largest share of the syringe tray market.
Syringe Tray Market: Key Players
Some of the key players that are operating in the global syringe tray market include Medline Industries Inc., Tray International (Pty) Ltd, Treiber Trays, East Coast Medical Supply, Avsr Group Of Companies, and AdDent Inc.
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The report covers exhaustive analysis on
- Global Syringe Trays Market Segments
- Global Syringe Trays Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Syringe Trays Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Syringe Trays Market
- Global Syringe Trays Market Current Trends/Issues/Challenges
- Competition & Companies involved in Syringe Trays Market
- High Altitude Aeronautical Platform Stations Technology
- Value Chain of High Altitude Aeronautical Platform Stations
- Global Syringe Trays Market Drivers and Restraints
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