This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Lab Trays Market

Market Insights on Lab Trays covering sales outlook, demand forecast & up-to-date key trends

Lab Trays Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Lab Trays Market Overview

According to the latest research, lab trays market expected to expand at a CAGR of 10-12% during the forecast period 2021-2031. Increasing healthcare and research expenditure and increased spending in the medical and biotechnology facilities are some of the factors estimated to propel market growth in the coming assessment period.

Lab trays are rigid reusable equipment used to store and protect research and surgical instruments used in research and healthcare activities. Increasing demand for safe and sterile equipment in healthcare and biotechnology research sector is estimated to propel market growth soon. Also, increased utilization of lab trays as a packaging method for medical and research devices spurs market growth.

What is Driving Demand for Lab Trays?

Growing investments in research & development sectors, and government regulations pertaining equipment quality are encouraging the usage of sterile lab trays to avoid infections is estimated to fuel the market growth in the near future.

Based on the requirements, Lab trays are being utilized across various applications including chemical, medicine, biotech and other research laboratories, in clinics and hospitals at the time of operations. Each of the applications need specific sterilization process, which depends on the materials to be used in the trays and application for which the tray is to be used. Certain players are focusing on manufacturing of antimicrobial plates and trays which has superior resistance against dust and chemicals.

The unprecedented scenario created by the COVID-19 pandemic has impacted the supply chain across the globe. But this has also opened the door for innovations in order to respond to such challenges. Key players are now focusing on more agile and advanced supply chain networks to continue business operations despite unforeseen supply disruptions.

The emergence of new business supply chain models and continuous focus on innovative technologies either by optimization of existing supply chains or by exploring new modes of movement in terms of scalability, competitiveness, and sustainability, is a key trend in the industry.

Customize this Report

Let us know your requirement to get
100% FREE customization

Which Segment Witness for Strong Growth

Based on application, Healthcare and clinical research segments are estimated to hold majority of market share and is expected to continue their dominance in the coming assessment period owing to increasing demand. The COVID-19 pandemic has highlighted the pivotal role of the healthcare & research sector in the world.

The frenzy surrounding vaccine procurement has brought focus on scientific research & development efforts that seldom find mass media coverage. Thus the renewed emphasis on healthcare research is projected to boost the demand for this product in the upcoming decade.

U.S. Lab Trays Market Outlook

The demand for lab trays from the U.S. is expected to be significant owing to consistent investment & activities in life science and research across the country. Key players in the U.S. lab tray market have significant opportunity to gain maximum revenue in between the forecast period. In terms of value CAGR, the U.S. market is expected to expand at a CAGR of 7-10% in between the forecast period

Ismail Sutaria
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Europe Demand Outlook for Lab Trays

European countries are concentrating on the life science research sector to boost the biotechnology & healthcare industry. Europe is expected to hold more than one-third of the market share in the market owing to the increasing adoption of research activities in the region.

Furthermore, favorable initiatives taken by the regional governments to improve life science research activities is playing a key role in the development of the market. Among the European Union countries, Germany market is experiencing lucrative growth and is expected to expand at a CAGR of 8-10%.

Who are the Key Manufacturers and Suppliers of Lab Trays?

Some of the leading manufacturers in the market includes

  • Heathrow Scientific
  • Spectrum Chemical Manufacturing Corp
  • Therapak Corporation
  • Porvair Sciences
  • CareFusion Corporation
  • Ecolab Inc Medical action Industries Inc.
  • Medline Industries
  • Cardinal Health
  • Baxter Corporation
  • Boston Scientific Corporration, Inc.
  • Scanlan International
  • Others

Globally, key players building new merger and acquisition strategies with the focus on strengthening supply chain network. Also, introducing of specific need based products is expected to be one of the key factor for key players to gain maximum share from the market. In the same line, in 2016, U.S. based, Becton, Dickinson and Company introduced innovative lab tray for low temperature sterilization processes.

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.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Key Segments

By Material:

  • Paper & Paperboard
  • Polyethylene
  • Polypropylene
  • Polystyrene
  • Others

By Compartments:

  • Less than 10
  • 10-15
  • 15-20
  • More Than 20

By Classification:

  • Sterilized
  • Non-Sterilized

By End Use:

  • Healthcare & Clinical Research
  • Biotechnology
  • Academics
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Benelux
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia Pacific
    • India
    • ASEAN
    • ANZ
    • Rest of South Asia Pacific
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Rest of MEA
Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Ismail Sutaria
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Packaging Insights

View Reports
Google translate