About Medical Device Tray
The medical device trays are used to secure and protect medical instruments, the devices are organized products for ease of using and removing the products by a professional. The device tray maintains the instrumented safety and protects it from getting contaminated. This packaging tray maintains the cleanliness after sterilization, it also prevents the practitioner from getting hurt by the device. The medical tray consists of a single-use tray, the surgical tray with stand, perforated instrument tray, covered and stackable tray, and various others. They can be only used in hospitals, clinics, and ambulatory surgical centers by medical practitioners.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The medical device tray market is fragmented due to various players prevailing in the market. The companies are focusing on exploring the market by adopting strategies like expansions, new launches, and collaborations. The companies are also planning to do mergers and acquisitions to sustain in the market by maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Device Tray market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Placon Corporation (United States), Boston Scientific Corporation (United States), DuPont (United States), GY Packaging (United States), Smith & Nephew plc (United Kingdom), Becton, Dickinson, and Company (United States), SteriZign Precision Technologies (United States), The 3M Company (United States), Cardinal Health, Inc. (United States), B. Braun (Germany), Medtronic plc (Ireland), Sonoco Products Company (United States) and InstruSafe (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Nelipak Corporation (United States), Molnlycke Health Care (Sweden) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Medical Device Tray market by Type (Single-Use Tray, Surgical Trays with Stands, Perforated Instrument Tray, Covered and Stackable Trays and Others), Application (Hospital, Clinics and Ambulatory Surgical Center) and Region.
On the basis of geography, the market of Medical Device Tray has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Offline will boost the Medical Device Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Polyethylene Terephthalate Glycol (PETG) will boost the Medical Device Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Usability, the sub-segment i.e. Disposable Medical Device Tray will boost the Medical Device Tray market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Medical Device Tray in Customised Designs According to the Device Placements
Market Growth Drivers:
Need for Ensuring Sterility of Medical Devices Used in Surgical and Treatment Process and Increasing Government Standards Regarding the Sterilisation of Medical Devices
Challenges:
Correct Labeling and Packaging Information Requirements According to the Standards
Restraints:
Stringent Regulatory Compliance Regarding Medical Device Tray and High-Cost Production Involved with Machineries Used in Medical Packaging
Opportunities:
Rising Number of Surgical Activities in Hospitals and Investment in Medical Sector will Boost the Medical Device Trays
Market Leaders and their expansionary development strategies
In January 2020, Sonoco announced its complete acquisition of Thermoform Engineered Quality LLC and Plastique Holdings Ltd. the manufacturer of thermoformed packaging serving healthcare medical device and consumer markets. Sonoco Healthcare Packaging group now includes TEQ’s broad capabilities, along with company's ThermoSafe temperature-assured pharmaceutical packaging; injection-molded vials, multi-cell cuvettes, and appliances; thermoformed trays for medical devices and OTC medical products; and Alloyd heat-sealing equipment for commercial medical applications.”
Key Target Audience
Medical Device Tray Manufacturers, Medical Device Tray International Traders, Medical Device Tray Distributor and Suppliers, Research and Development Institutes, Regulatory Bodies, Upstream and Downstream Buyers, Hospitals, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.