The global polyester medical films market is estimated to be worth US$ 3.3 Billion by the year 2031. The global polyester medical films market is expected to witness a CAGR of 7.5% between 2021 and 2031. The latest trend is that of key market participants actively engaging in providing polyester medical films in MEA and the Asia-Pacific. The advantages provided by polyester medical films like resistance against moisture, higher thermal stability, and better strength are driving the demand for polyester medical films.
Growth of the polyester medical films market is mainly supported by increasing healthcare spending in various countries across the globe. Polyester medical films are preferred in many medical applications, owing to their various advantages such as high thermal stability, high strength, resistance to moisture, and many others over other materials. In addition, the continuously increasing global population creates more demand for various diagnostic products, which is subsequently boosting the growth of the global polyester medical films market.
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Key Companies-
- Toray Industries, Inc
- Tekra Corporation
- Mitsubishi Chemicals Holdings Corporation
- DuPont
- 3M
- Cosmo Films Limited
- Filmquest Group Inc.
- Grafix Plastics
- DUNMORE Corporation
- Flex Films USA Inc.
- Coveme spa
- Tekni-Plex
- FUTAMURA CHEMICAL CO., LTD.
- Merck KGaA
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Key Takeaways of Polyester Medical Films Market Study
- According to the research, the 100 microns – 300 microns segment will dominate the polyester medical films market throughout the forecast period, owing to their wide application in various medical products such as diagnostic strips, medical tapes and adhesives, and others.
- By end use, the medical tapes and adhesives segment is estimated to progress at a relatively high CAGR during the forecast years. Due to the high demand for medical adhesives and tapes in routine medical applications, the segment is estimated to remain a crucial driver for the growth of the global polyester medical films market.
- The ongoing COVID-19 pandemic is having a positive impact on the polyester medical films market, owing to a sudden rise in the demand for diagnostic strips, medical adhesives and tapes, and others, across the globe.
- Owing to increasing investments in the pharmaceutical sector and presence of key manufacturers in the region, North America is estimated to hold a prominent share and remain dominant in the global polyester medical films market throughout the forecast period.
“Enhancing product quality by implementing new technologies will be the key to thrive in the market. Durable and rigid polyester films with added features at a competitive price point will help companies retain and also increase their customer base,” says a PMR analyst.
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Key Questions Answered in Report
- How much is the Polyester Medical Films market worth?
- What will be the demand outlook?
- What was the last 5 year market CAGR?
- What are the key trends of Polyester Medical Films market?
- What is driving the demand for Polyester Medical Films?
- What is the market share of top 5 players?
- What are the top 4 countries driving demand?
- What is North America’s market Outlook?
- At what percentage Polyester Medical Films market is going to register growth in Europe?
- What are the key market statistics in Korea and Japan?
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