A recent market analysis conducted by FMI reveals that the flourishing market for Global Fluoropolymers In Healthcare Industry is poised for remarkable growth. By 2033, it is anticipated to achieve a market value of US$ 792.9 million, supported by a commendable Compound Annual Growth Rate (CAGR) of 5.3%. This upward trajectory is mirrored by the industry’s current expansion, which is set to be worth US$ 472.4 million in 2023.
The pharmaceutical sector, in particular, stands out as a high-impact player in this dynamic market. Driven by the imperative to pioneer innovative healthcare products, pharmaceutical companies are making substantial investments in Research and Development (R&D) activities. This strategic focus is guided by the increasing demand for specialty drugs, motivating companies to diversify their product portfolios.
As new products like gene therapy, biologics, and therapies with varying profiles of value and volumes hit the market, both manufacturers and distributors of fluoropolymers must reevaluate their existing systems. They need to develop innovative approaches to enhance these systems, thus ensuring larger profit margins.
Global Fluoropolymers in Healthcare Industry Size Study
- Polytetrafluoroethylene (PTFE) to remain the preferred fluoropolymer in healthcare
- Adoption of hospital disposables will remain prominent through 2030
- Medical devices including, introducers, and catheters, will see greater adoption in the coming years
- East Asia continues to offer opportunities for growth and development over the following decade, given surging per-capital healthcare expenditure
- Market players to focus on expanding their portfolio to reach a larger consumer base
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While the industry has been jolted due to pandemic-induced restrictions, growth will resume with the gradual easing of these restrictions. Collaboration with worldwide government and non-government agencies is stepping up to handle pandemic preparedness and react via knowledge sharing and pooled resources.
Global Fluoropolymers in Healthcare Industry – Competitive Intelligence
The global fluoropolymers in the healthcare market are fairly consolidated, given a limited number of players competing with each other. Globally, market players are investing in capacity expansions to diversify their product portfolio and maintain their market competitiveness. For instance,
- Dongyue Group is expanding the production capacity of concentrated emulsion PTFE and dispersion resin at its Zibo unit in China in order to satiate rising demand for PTFE from North America, Europe, Southeast Asia, and South America.
- Gujarat Fluorochemicals Limited (GFL) has scaled up its fluorochemicals capacity from to 46,800 tons per annum (TPA) at its Gujarat facility in a bid to keep pace with increasing demand for fluoropolymers across Asia Pacific (APAC).
Want to Know More About Fluoropolymers in the Healthcare Market?
Future Market Insights, in its new study, provides compelling insights about the fluoropolymers in the healthcare market that encloses industry analysis for 2015 – 2019 and opportunity assessment for 2020 – 2030. The report offers an unbiased assessment of fluoropolymers in the healthcare market through three different categories – product type, application, and region. The Global Fluoropolymers in Healthcare Industry research study delivers insights of pricing by different life cycle analyses, product life cycles, major market trends, and technologies that are being utilized in the development of fluoropolymers in healthcare and product adoption in various end-user industries.
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Key Segments
Product Type:
- PTFE
- PVDF
- PVF
- FEP
- PCTFE
- PFA
- Others
Application:
- Medical Devices
- Hospital Disposable
- Pharma Packaging
Regional Outlook:
- North America (US, and Canada)
- Latin America (Brazil, and Mexico)
- Europe (Germany, UK, Russia, France, and Italy)
- South Asia & Pacific (India, Indonesia, Thailand, Australia and New Zealand)
- East Asia (China, Japan, and South Korea)
- Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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