The Middle East medical converters market is expected to grow at a rapid pace during the period of 2021-26 owing to the factors such as rising concerns of women for health and wellness due to which the preference for these products has further intensified, coupled with rising urbanization and urbane population in countries such as the UAE and Saudi Arabia. The influx of migrant workers from other countries in the UAE is also contributing to the growth of medical convertors. Moreover, due to the COVID-19, there has been an optimistic growth on account of the emerging need for inhalation masks and drapes.
According to MarkNtel Advisors’ research report titled “Middle East Medical Converters Market Analysis, 2020”, the Middle East Medical Converters market is expected to grow at a considerable CAGR during 2021-26. The growing use of stick-to-skin application products such as tapes and bandages, and escalating demand for cosmeceutical products, and growing inclination toward packaged and processed foods are burgeoning the growth of medical converters in the Middle East.
“Middle East Medical Converters Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Middle East Medical Converters providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Cosmeceuticals Segment is Expected to Attain the Highest CAGR in the Coming Years
Based on application, cosmeceuticals segment acquired the highest market share in 2020. The major growth factors driving the market are increasing preference of consumers for cosmeceutical products, rising aging population, and growing awareness toward health and wellness. Therefore, the segment is anticipated to strongly contribute toward the growth of medical plastic Converters in the coming years as stated in the MarkNtel Advisors’ research report “Middle East Medical Converters Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Middle East Medical Converters market include Omina Health, Henkel, Fabrico, 3M, etc.
Key questions answered in the study: