The global autoclaving trays market is expected to register a market value of US$ 329.95 million in 2023 and is projected to accumulate a valuation of US$ 520 million by exhibiting a CAGR of 4.6% in the forecast period 2023 to 2033. The Autoclaving Trays market registered a CAGR of 3.8% in the historical period 2018 to 2022.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 329.95 million |
| Projected Market Value in 2033 | US$ 520 million |
| Growth Rate (2023 to 2033) | 4.6% CAGR |
The rising geriatric population and growing prevalence of chronic diseases is leading to a high number of surgical procedures which is driving the demand for sterilization tools which, in turn, is driving growth in the autoclaving trays market. The implementation of strict regulations on sterilization & disinfection and the strong presence of advanced healthcare infrastructure is further fuelling the demand for autoclaving trays. Also, due to the rise in cosmetic surgeries, the demand for sterilization trays is increasing, which is fostering growth in the market.
The growing number of operating room and emergency room procedures is driving the product demand. Moreover, a surge in the number of surgical cases, a rise in health expenditure, growing and aging population, growing cases of hospital-acquired disease, and increasing government initiatives for adopting and promoting medical sterilization trays are expected to spur growth in the market.
In addition, the increasing number of ambulatory surgical centers and heavy investment in the healthcare sector are amplifying the sales of these trays. The increasing number of ambulatory surgical centers is attributed to the rising preference for minimally invasive surgeries.
On the other hand, autoclaving containers played a key role in preventing the spread of COVID-19 in health facilities by allowing the facility of sterilization of medical tools by employing these trays. During the outbreak, patient-to-patient pathogen transmission through medical tools and devices was prevented by proper sterilization of the medical devices by using autoclaving containers. With COVID-19 cases still prevalent in few numbers, the pandemic has provided a huge stimulus for the market to expand.
The need for sterilizing equipment or disinfecting medical devices has increased during the pandemic which has provided momentum to product sales. Also, with the inappropriate sterilization of endoscopic devices, surgical tools, and respiratory care devices, the risk of catching diseases becomes high which further amplifies the demand for autoclaving containers to prevent disease spread. Apart from this, rising prevalence of hospital-acquired infections (HAIs) is another growth driver factor inducing growth in the market.
HAIs are a serious problem in healthcare management which sometimes lead to morbidity and mortality. The Center for Disease Control (CDC) has estimated that in American hospitals alone, around 1.7 million infections are HAIs, out of which 22% are surgical site infections. This data reflects the importance of proper sterilization of surging instruments including autoclaving containers in the prevention of infection.
Surgical site infections are normally occurring HAIs, credited to the surgical placement of prosthesis or implants which are caused by exposure to instruments and materials brought in contact during surgical procedures. The common bacteria responsible for HAIs comprises methicillin-resistant Staphylococcus aureus (MRSA), Klebsiella, Enterococcus, C. difficile, E. coli, and Pseudomonas. To prevent the breeding ground for these bacteria, autoclaving trays are widely used.
North America is expected to dominate the global autoclaving trays market by accounting for over 42.4% market share by end of the forecast period. Factors such as rising cases of surgical procedures and a rise in chronic diseases are expected to drive growth in this region.
The market in Asia Pacific is projected to grow with fastest CAGR of 4.5% during the forecast period. The growth is attributed to rapidly growing medical infrastructure, high spending on healthcare, and increasing per capita income levels in this region.
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Recent innovations, product launches, breakthroughs in technology, mergers, acquisitions, collaborations, and partnerships within the companies involved in manufacturing autoclaving trays are anticipated to create new opportunities for market expansion during the forecast period.
Autoclaving trays are containers used to retain and preserves surgical instruments while they are being sterilized. The lid and base of the autoclaving trays have holes and additional slots and helps to eliminate the wet packs. It has a wide range of applications for medical purposes. During the forecast period, it is likely to increase the demand for autoclaving trays and is expected to grow at a CAGR of 5%.
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Autoclaving trays provides excellent protection for endoscope and other medical devices. These trays come in a variety of sizes to accommodate various surgical equipment. It consists of a variety of other properties which makes these autoclaving trays ideal for meeting the needs of the medical and healthcare sector globally.
During the autoclaving process, these trays are frequently utilized to carry autoclave pouches. The market for autoclaving trays is also driven by its higher durability and heat resistant characteristics which are useful for rapid autoclaving operations that involve higher temperatures in operations.
Furthermore, it is used more often to hold surgical instruments during medical operations. Based on the product type, stainless steel autoclaving trays are too easy to clean due to their properties, making it easier to adhere to the high cleanliness standards set forth by hospitals and medical regulatory bodies which is expected to drive the sales of autoclaving trays in the coming years.
Principal Consultant
Healthcare and the medical sector have a significant impact in the North America. The autoclaving trays have a widespread application in the medical sector which increases the sales of the trays in the North American where there exists huge medical sector. . Due to an increase in demand for the product and dominant players in the market will rise the sale of the product and offers a rewarding growth opportunity.
Furthermore, the increase in the number of healthcare centers, hospitals and surgical centers in the region, it provides a boost to the autoclaving trays market during the forecast period.
Due to the advancement in the medical infrastructure and increase in healthcare spending coupled with the growing demand for sterilization technologies in the health care sector, Asia Pacific is predicted to be an emerging market for autoclaving trays in the forecast period.
The market for the autoclaving trays can be attributed to rise in the cases of infections from hospitals, increasing number of surgical procedures in the health care sector where the autoclaving trays play a crucial role and hence results in the sale of the product with assured requirements in Asia Pacific.
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Manufacturers, suppliers, and distributors are among the key participants recognized across the globe which includes:
As a result of increasing competition in the market, major key players are always undertaking various business reengineering procedures to maximize their sterilizing efficiency and minimize operational cost in manufacturing in order to increase the profit margins in the Autoclaving Trays market.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Autoclaving Trays Market
