The Global Fluoropolymers In Healthcare Industry is on the verge of a significant transformation, fueled by an anticipated market value of US$ 792.9 million by 2033 and a Compound Annual Growth Rate (CAGR) of 5.3%, according to the latest insights from Future Market Insights (FMI).
The market is currently experiencing rapid expansion and is poised to reach a value of US$ 472.4 million in 2023. This surge is attributed to the pharmaceutical sector’s robust commitment to innovation, driving substantial investments in Research and Development (R&D) activities. Pharmaceutical firms are increasingly focusing on the development of innovative products, particularly in the realm of specialty drugs, to diversify their product portfolios.
In response to this industry evolution, manufacturers and distributors of fluoropolymers must strategically assess existing systems and formulate innovative approaches to elevate these systems for enhanced profit margins. The advent of groundbreaking products, including gene therapy, biologics, and therapies with diverse value and volume profiles, demands a reevaluation of operational strategies to meet the evolving demands of the healthcare landscape.
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-capita 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 to satiate the 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 Global Fluoropolymers In Healthcare Industry ?
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 market research study delivers insights into 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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Global Fluoropolymers In Healthcare Industry Key Segments
Product Type:
- PTFE
- PVDF
- PVF
- FEB
- 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 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 is 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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