The Global Fluoropolymers In Healthcare Industry are expected to have a market value of US$ 792.9 million by 2033 and a CAGR of 5.3%, according to FMI. The market is expanding quickly right now and is anticipated to be worth US$ 472.4 million in 2023.
Compared to other sectors, pharmaceutical firms are highly propelled by the imperative to develop innovative products, and as such, to invest considerably in R&D activities, given the growing focus on specialty drugs to diversify their product portfolio.
With the launch of new products, such as gene therapy, biologics, and therapy with various profiles of value and volumes, manufacturers and distributors of fluoropolymers must look at existing systems and devise ways to step up these systems for bigger margins.
Fluoropolymers in Healthcare Market 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.
Fluoropolymers in Healthcare Market – 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 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 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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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 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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