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Medical Tray Sealers Market Demand, Analysis, Size And Growth Forecast By 2033
Medical Tray Sealers Market
As per the report, the medical tray sealers market size has grown strongly in recent years. It will grow from $1.38 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The medical tray sealers market size is expected to see strong growth in the next few years. It will grow to $2.19 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
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Rising Healthcare Expenditure Drives Growth In The Medical Tray Sealer Market
The increase in healthcare expenditure is expected to propel the growth of the medical tray sealer market going forward. Healthcare expenditure refers to the total amount spent on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, within a specified period, reflecting the overall cost of healthcare provision within a population. The growth of medical tray sealers is bolstered by healthcare expenditure as it drives demand for advanced medical equipment and technology, including sterilization and packaging solutions to maintain safety standards. Healthcare infrastructure ensures the availability, maintenance, and efficient operation of medical tray sealers, which are crucial for the safe and sterile packaging of medical instruments. For instance, in January 2024, according to the National Institutes of Health, a US-based government agency, healthcare expenditure in the US rose by 4.1% in 2022 to reach $4.5 trillion, representing a faster growth rate compared to the 3.2% increase observed in 2021. Therefore, the increase in healthcare expenditure is driving the growth of the medical tray sealer market.
Innovative Solutions To Enhance Efficiency And Quality
Major companies operating in the medical tray sealer market are increasing their focus on developing innovative solutions, such as automated cut-and-seal machines, to streamline the packaging process, enhance efficiency, and meet the evolving needs of the healthcare industry. An automated cut-and-seal machine is a device that automatically cuts and seals materials, typically plastic or other packaging materials, to create sealed packages or pouches. For instance, in February 2021, Sonoco Alloyd, a US-based packing company, launched the Roll-Feed Aergo 2 Plus, a new roll-fed, cut-and-seal machine. This machine is specifically designed to seal medical trays with roll-fed lidding, offering a faster and more efficient way of sealing medical trays with Tyvek lidding from roll stock. It eliminates the manual placement of cut lids and increases production speeds, seal quality, and seal accuracy while reducing tooling costs.
The medical tray sealers market covered in this report is segmented -
1) By Type: Manual Tray Sealers, Automatic Tray Sealers
2) By Packaging Applications: Surgical Devices, Pharmaceuticals, Medical Consumables, Disposables, Tubes, Diagnostic Kits
3) By End User: Hospitals, Clinics, Research Institutes, Other End Users
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Major companies operating in the medical tray sealers market are Multivac Inc., Nelipak Corporation, ULMA Packaging S.A.R.L, SencorpWhite, ILPRA SPA, Cama Group, Tramper Technology B.V., WEBOMATIC Maschinenfabrik GmbH, SEALPAC International B.V., Belco Packaging Systems Inc., BELCA S.A., ZED Industries Inc., VARIOVAC PS Systempack GmbH, Accu-Seal Corporation, Cima-Pak Corporation, Veripack Solutions S.L., Atlas Vac Machine LLC, Starview Packaging Machinery Inc., Italianpack S.r.l., APEX Packaging Corporation, G. Mondini S.p.A., The Platinum Package Group Inc., RapidPak Inc., Orved S.p.A., Veripack Solutions India Pvt. Ltd.
Contents of the report:
1. Executive Summary
2. Medical Tray Sealers Market Report Structure
3. Medical Tray Sealers Market Trends And Strategies
4. Medical Tray Sealers Market - Macro Economic Scenario
5. Medical Tray Sealers Market Size And Growth
…..
27. Medical Tray Sealers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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