Middle East Medical Converters Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Middle East Medical Converters market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
Impact of COVID-19 on Medical Converters
On account of the global pandemic COVID-19, there has been an optimistic growth due to the emerging need for inhalation masks and drapes. The adhesives segment witnessed a major boost as it is used in the end-use industries such as medical, transportation, electronics and aerospace, etc.
According to MarkNtel Advisors’ research report titled “Middle East Medical Converters Market Analysis, 2020”, the Middle East Medical Converters market is anticipated to grow at a considerable CAGR during 2021-26. The UAE contributed the highest market share in the Middle East region in 2020 owing to a surge in the demand for medical plastic and disposable medical products such as IV tubes and inhalation masks. Moreover, the growing traction of the consumers toward packaged foods is galvanizing the demand for medical converters. The country would continue to generate higher revenues during the 2021-26 period.
Die-cut Adhesives Segment Acquired the Significant Market Share
Based on the Material in 2020, the adhesives segment acquired a significant market share as the adhesives have several medical application areas such as in the diagnostic devices, medical electronics, X-Rays, and PET scanners. In Adhesives, the die-cut adhesives are witnessing a major boost due to the features such as being able to expand and contract according to the temperature and also being long-lasting. The growth of the adhesive segment is projected to ramp up further during 2021-26 period 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 Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Middle East Medical Converters Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Middle East Medical Converters Market during 2021-26?
A. The growth rate of Middle East Medical Converters Market during 2021-26 is forecast to grow at a considerable CAGR.
Q. Who are the key competitors or players operating in Middle East Medical Converters Market?
A Omina Health, Henkel, Fabrico, 3M, etc are few of the leading players in the Middle East Medical Converters Market.
Q. Which application segment would emerge as an opportunity area for players in Middle East Medical Converters Market?
A. Cosmeceutical segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which country would emerge as an opportunity area for players in Middle East Medical Converters Market?
A. Turkey and UAE continue to grow at a highest CAGR, presenting immense opportunities for market players of Middle East Medical Converters Market.