GCC medical converters market is expected to grow at a rapid pace during the period of 2021-26F. The growth is attributed to rising concerns of women toward health and wellness is increasing the demand for cosmeceutical products coupled with burgeoning use of stick to skin application products such as tapes and bandages. Furthermore, the growing application of medical plastic for packaging purpose and devices & equipment are leading to the growth of medical converters in the GCC region.
According to MarkNtel Advisors’ research report titled “GCC Medical Converters Market Analysis, 2020”, the GCC Medical Converters market is expected to grow at a considerable CAGR during 2021-26. The prime growth factors driving the market are growing aging population, paradigm shift of consumer toward cosmeceutical products, and rising awareness toward health and wellness amongst consumers. Thus, the GCC medical convertor market is anticipated to grow at a sturdy rate in coming years.
“GCC 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 GCC 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.
Shielding Material Segment is Expected to Attain the Highest CAGR in the Coming Years
Based on material segment, the shielding material acquired the majority market share owing to the outbreak of the COVID-19 pandemic which caused chaos globally, generating a tremendous demand for shielding materials. The sudden surge in the demand for shielding materials led to the shortage in the supply of the materials. Thus, the manufacturing of shielding materials gained momentum in 2020. The demand for shielding material would continue to magnify during the forecast period as stated in the MarkNtel Advisors’ research report “GCC Medical Converters Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Medical Converters market include Omina Health, Henkel, Fabrico, 3M, etc.
Key questions answered in the study: