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Medical Device Trays Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global medical device trays market is predicted to value over US$ 20 billion by the end of 2026 and growing at a CAGR of over 10.5% during the forecast period, 2019 to 2026. Medical devices are used for the effective treatment of diseases and
Medical Device Trays Market Global Trends, Market Share, Industry Size, Growth,
Opportunities, and Market Forecast 2019 to 2026
The global medical device trays market is predicted to value over US$ 20 billion by the end of
2026 and growing at a CAGR of over 10.5% during the forecast period, 2019 to 2026.
Medical devices are used for the effective treatment of diseases and illness by ensuring the
sterility of products. For the proper storage and prevention from bacteria, medical device trays
are used. Medical device trays help in placing device together at one place so that they can be
used during the medical procedure. Building upon the operations, tailor-made medical device
trays could be set up. To keep the hygiene of the device and sanitation, medical device trays are
most preferred. The various medical device trays that can be used. They are thermoformed
trays which can be treated as catheter trays, ophthalmology trays, orthopedic implant trays
and implant trays. Also, they are very resourceful during vagabond surgical centers and clinical
trials.
Government regulations have fuelled the growth of the market. The Health Act of US which was
passed in 2006 stated that it's a necessity for the healthcare facilities to execute code of
practice for control and prevention of infections associated with healthcare market. Increasing
demand for safety in healthcare sector led to the development of quality management principle
to improve the product protection. It increased utilization of trays as a packaging method for
medical devices and fuelled the growth of the market. Packaging material is an integral part of
the medical device and intended to protect the product from the external environment.
Contaminants can interfere with product stability and lead to unintentional diseases among the
patient population. Rising demand for sterile packaging to increase the protection led to the
robust growth of the market. Further changing regulatory scenarios to prevent the
contamination led to robust growth and created opportunistic space for manufacturers.
Additionally, the rapid advancement of technologies augmented the existing process and
increased the output with limited resources. The built in feature of prepackaged products that
can be tailor-made is fuelling the growth of the market.
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However, the high inspection of the market is hindering the growth of the market. Also, the
growing demand for the testing and scrutiny of the medical devices to check the presence of
impurities in association with them is restraining the growth of the market. An example of such
is the rules and restrictions made by the FDA that the manufacturers have to obey.
North America and Europe regions are expected to remain dominant throughout the forecast
period due to high adoption and increasing prevalence of chronic disorders. The Asia Pacific
and Latin America regions created to potential opportunistic space for manufacturers due to a
large number of manufacturers in these regions. They are expected to witness the highest
growth rate in global market. Rest of the world is expected to account significant share due to
increasing adoption.
Medical Device Trays market players include DuPont, Wipak, 3M Company, Bemis Company,
Inc., West Pharmaceutical Services, Inc., Placon Corporation and others.
Medical Device Trays Market Limitations:
• The high inspection norms
• The strict rules and restrictions made by the FDA that the manufacturers have to adhere
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Medical Device Trays Market Segmentation
By Product Type
• Two-piece inner tray
• Single-seal trays
• Multi-cavity trays
By End User
• Hospitals
• Clinics
• Outpatient Centres
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global medical device trays market by
product type, by end-user, by region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe,
Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological
advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core
competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and customised
solutions for our clients. Through in-depth market insights and consultancy, we present our
clients with the tools they need to be at the forefront of their industry – a position secured for
far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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