Burgeoning Awareness of Wellness & Health Proliferating the Growth of GCC Medical Converters Market

(MENAFN- market Press Release) GCC medical convertors market is expected to grow at a high rate. The growth of the segment is attributed to burgeoning awareness of wellness and health among women, rising demand for cosmeceutical products, and extensive use of stick-to-stick skin application products such as tapes and bandages Besides these, the growing aging population, escalating government expenditure on healthcare and surging demand for medical devices due to lifestyle diseases are anticipated to grow at a sturdy rate in forecast period.
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. Based on material segment, the shielding material acquired the significant market share in 2019. The growth of the segment is attributed to rising demand for shielding tapes and pressure-sensitive adhesive to shaped components for electronic assemblies that help to improve product performance.
'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.
UAE Segment Expected to Attain Highest CAGR
UAE segment is expected to attain highest CAGR by 2026 in the GCC Medical Converters market. This is due to growing discretionary income, robust urbanization and burgeoning demand for medical device and equipment. Moreover, increasing consumer preferences toward cosmeceuticals and surging demand for stick to skin application products such as tapes and escalating geriatric population are some of the factors driving the growth of Medical Converters in the coming years as stated by 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.
Market Segmentation:
1.By Material (Adhesives, Structural Adhesives, Medical Liquid Devices, Shielding Materials, Films & Paper, Laminates, Others)
2.By Application (Body Worn Devices, Cosmeceuticals, Devices & Equipment, Microfluidic Devices, Nonwovens, Packaging, Stick-to-Skin Applications, Others)
3.By Country (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain)
4.By Company (Omina Health, Henkel, Fabrico, 3M, etc.)
Key questions answered in the study:
1.What are the current and future trends of the Medical Converters industry?
2.How the industry has been evolving in terms of sales demand and application areas?
3.How the competition has been shaping across the countries followed by their comparative factorial indexing?
4.What are the key growth drivers and challenges for the Medical Converters industry?
5.What is the customers' orientation, purchase behavior, and expectations from the Medical Converters firms across various regions?
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