January 25, 2021
According to the research report titled ‘Middle East Medical Converters Market Analysis, 2020’, available with Market Study Report, Middle East medical converters market is expected to register considerable growth during 2021-2026.
Growing demand for medical plastics and collective inclination towards adopting disposable plastics are some of the key growth stimulants of Middle East medical converters market. Shifting preferences towards packaged or convenience food products has also propelled the demand for medical converters in the Middle East. The outbreak of COVID-19 is also contributing towards Middle East medical converters industry remuneration.
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As per material type, Middle East medical converters industry is split into shielding materials and adhesives. The shielding materials segment is further divided into laminates, films & paper, and others. The adhesives segment is also bifurcated into medical liquid devices, structural adhesives, medical tapes & films, PSA tapes, medical grade adhesives, die-cut adhesives, and conductive adhesives for medical applications.
According to the report, the adhesives segment, specifically die-cut adhesives, accounted for the largest share in Middle East medical converters industry in the year 2020 and is slated to record a robust CAGR through 2026. Die-cut adhesives are not only durable but also have the ability to contract and expand according to the temperature, thereby fueling the segmental share.
The application landscape of the overall market comprises of stick to skin applications, packaging, nonwoven, microfluidic devices, devices & equipment, cosmeceuticals, body worn devices, and others.
Considering the geographical landscape, Middle East medical converters market is fragmented into Iran, Israel, UAE, Saudi Arabia, Turkey, and rest of the Middle East. The report states that UAE is likely to emerge as a key revenue generator for the overall market in the ensuing years. Rising adoption of medical plastics and growing demand for disposable healthcare products such as inhalation masks and IV tubes are favoring the market outlook in the UAE.
3M Co., Fabrico, Henkel AG & Co. KGaA, and Omina Health are some of the key companies in Middle East medical converters market.