According to FutureWise analysis, the market for medical device trays is projected to expand at a CAGR of 10.5% from 2023-2031.
Medical devices are used for effective illness and disease treatment by ensuring product sterility. Medical devices trays are used in order to store and prevent these devices from bacteria. With the help of these trays, medical devices are kept together at one place so that they could be easily found and used during surgery or any other medical procedures. As per the procedures and operations conducted, medical device trays can be customised. These trays are an appropriate solution for maintaining cleanliness and sterility of the medical devices. Applications of medical device trays are ophthalmology trays, catheter trays, orthopaedic implant trays as they are thermoformed. They are also used in ambulatory surgical centres, clinics and hospitals.
Increasing demand of 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 of 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.
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 world is expected to account significant share due to increasing adoption.