Press release
Syringe Trays Market: Key Drivers, Trends, Growth, Outlook 2024-2033
Syringe Trays Market Key Drivers
As per the report, the syringe trays market size has grown rapidly in recent years. It will grow from $16.38 billion in 2023 to $18.31 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The syringe trays market size is expected to see rapid growth in the next few years. It will grow to $28.78 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.
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Rising Surgical Procedures Fuel Growth In The Syringe Trays Market
The increasing number of surgical procedures is expected to propel the growth of the syringe trays market going forward. The number of surgical procedures is growing due to advancements in medical technology and an aging population that requires more medical interventions. Additionally, increased access to healthcare and improved diagnostic capabilities contribute to the rise in surgeries. A syringe tray is used in surgical procedures to organize and sterilize syringes and related equipment, ensuring quick and safe access for the surgical team. For instance, in March 2023, according to the British Association of Aesthetic Plastic Surgeons, a UK-based organization, 31,057 cosmetic procedures took place in 2022, up 102% from 2021. Furthermore, in February 2022, according to the American Academy of Facial Plastic and Reconstructive Surgery, a US-based organization, an estimated 1.4 million surgical and non-surgical procedures were performed in 2021, with plastic surgeons completing an average of 600 more procedures compared to 2020, marking a 40% increase. Therefore, the increasing number of surgical procedures is driving growth in the syringe trays market.
Innovative Product Developments Propel Growth In The Syringe Trays Market
Major companies operating in the syringe trays market are focusing on developing innovative products such as the thoracostomy tray to enhance patient safety and address the clinical need for thoracostomy procedures. A thoracostomy tray is a specialized medical kit used by healthcare professionals for thoracostomy procedures, which involve the insertion of a chest tube into the pleural space of the chest cavity. For instance, in April 2022, Merit Medical Systems Inc., a US-based provider of innovative medical devices, launched ReSolve Thoracostomy Tray to improve patient care and meet the clinical demand for thoracostomy procedures. Specifically designed for such interventions, this innovative solution enables the safe extraction of air or fluid from the pleural space, treating conditions such as pneumothorax and pleural effusion. The tray includes a range of syringes, including luer lock syringes of 10 mL and 60 mL capacities, as well as slip syringes of 5 mL capacity.
The syringe trays market covered in this report is segmented -
1) By Type: Polypropylene Syringe Trays, Polyvinyl Chloride Syringe Trays, Polystyrene Syringe Trays, Polyethylene Syringe Trays, Other Types
2) By Distribution Channel: Offline, Online
3) By Application: Food Laboratories, Hospitals, Veterinary, Agriculture, Diagnostics, Pharmaceuticals, Research And Laboratories
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Major companies operating in the syringe trays market are Cardinal Health Inc., Becton Dickinson and Company, Baxter International Inc., Henry Schein Inc., Medline Industries Lp, ICU Medical Inc., Vygon Ltd, Terumo Medical Corporation, Retractable Technologies Inc., Sol-Millennium Medical Group Inc., B Braun Melsungen AG, ArcRoyal Ltd., MPS Medical Inc., Bausch+Stroebel Machine Company Inc, Addent Inc., Covidien Healthcare India Pvt, Hospital Equipment Manufacturing Company, Hurst Corporation, Jal Extrusion Private Limited, Desco Medical, Shakti Polyplast
Contents of the report:
1. Executive Summary
2. Syringe Trays Market Report Structure
3. Syringe Trays Market Trends And Strategies
4. Syringe Trays Market - Macro Economic Scenario
5. Syringe Trays Market Size And Growth
…..
27. Syringe Trays Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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