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Medical Tray Sealers Market Opportunities And Strategies 2024-2033 - Growth Analysis, Outlook, Overview
Medical Tray Sealers Market Opportunities
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According to The Business Research Company's, 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 growth in the historic period can be attributed to the growing demand for automated packaging systems, increased focus on hygiene, rising awareness among healthcare professionals, the need for increased accuracy and productivity easy handling, and low maintenance.
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%. The growth in the forecast period can be attributed to increasing demand for sterile medical packaging, rising healthcare expenditure, regulatory requirements, and rising surgical procedures. Major trends in the forecast period include technological developments, material innovation, regulatory compliance, customization and versatility.
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Market Drivers and Trends:
The increasing prevalence of peripheral artery diseases is expected to propel the growth of the iliac stent market going forward. Peripheral artery disease (PAD) is a circulatory condition characterized by the narrowing or blockage of arteries outside the heart and brain. The increasing prevalence of peripheral artery diseases is due to smoking, the aging population, hypertension, and diabetes. Iliac stenting is an effective treatment option for patients with PAD, offering improved blood flow, symptom relief, and prevention of complications while also being minimally invasive and associated with a high success rate. For instance, in July 2023, according to the Society For Cardiovascular Angiography And Interventions, a US-based organization, PAD affects 8-10 million Americans each year, and it is estimated that 19 million Americans will have PAD by 2050. Therefore, the increasing prevalence of peripheral artery diseases drives the iliac stent market.
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 material scra*p and tooling costs.
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Major Key Players of the Market:
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.
Medical Tray Sealers Market 2024 Key Insights:
• 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%.
• Rising Healthcare Expenditure Drives Growth In The Medical Tray Sealer Market
• Innovative Solutions To Enhance Efficiency And Quality
• North America was the largest region in the medical tray sealers market in 2023
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