Global Polyester Medical Films Market Size, Trends & Analysis - Forecasts To 2026 By Film Thickness (Less Than 100 Micron, 100 Micron - 300 Micron, More Than 300 Micron), By End-Use (Diagnostic Strips, Medical Tapes and Adhesives, Transdermal Therapeutic Systems (TTS), Biosensors, Labelling, Others), By Region (North America, Europe, Asia Pacific, CSA, MEA), Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Polyester Medical Films Market Insights
The global polyester medical films market is expected to generate revenue amounting to USD 1.53 billion in 2020, and is projected to reach to USD 2.34 billion by 2026, growing at a CAGR of 7.40% over the forecast period. Polyester medical film is derived from polyester polymer. They are used in various medical applications, such as diagnostic strips, medical tapes, face shields, dialysis and infusion bags among others.
Increase in medical expenditure, rise in per capita income, and consumer awareness about health are propelling the market growth for polyester medical films. Growing trend for biodegradable plastic is also propelling the market growth for polyester medical film market. Increasing incidence of chronic diseases and rise in health hazards such as obesity and diabetes are expected to boost the market growth during the forecast period. Increasing expenditure on healthcare facilities across various regions including North America, Europe, Asia Pacific, and Central & South America is further projected to propel the market growth of polyester medical films. However, fluctuation in raw material prices are likely to hamper the market growth over the coming years.
Polyester Medical Films Market Size: By Segmentation
The global polyester medical films market is segmented on the basis of film thickness into less than 100 micron, 100 micron-300 micron, and more than 300 microns. The 100 micron-300-micron segment is expected to hold the largest market share in the global polyester medical films market during the forecast period. The wide application in various medical products such as diagnostic strips, medical tapes and adhesives, among others is driving the market growth. The 100-300-micron polyester medical films can withstand extreme temperature and pressure conditions. These films have high wicking properties to absorb biological fluids and are preferred in the manufacturing of biosensor strips and medical tapes among others.
On the basis of end use, the global polyester medical films market is segmented into diagnostic strips, medical tapes and adhesives, transdermal therapeutic systems (TTS), biosensors and labelling among others. The medical tapes & adhesives segment is expected to hold the largest market share during the forecast period. The growing demand for medical adhesives and tapes in routine medical applications are driving the market for polyester medical films. Polyester medical tapes & adhesives are employed in medical applications, as they can provide high moisture resistance, clarity, tensile strength, and thermal strength among others.
Polyester Medical Films Market Size: By Region
On the basis of region, the market of polyester medical films is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. The North America region is expected to hold a significant market share in the global polyester medical films market during the forecast period. The advanced medical sector in the region and increasing healthcare expenditure are the some of the major factors expected to propel the market growth in the region. Increasing investments in the pharmaceutical sector and presence of key manufacturers in the region is also propelling the market growth. The Asia Pacific region is expected to grow at a high CAGR during the forecast period. Governments of emerging economies such as India and China are encouraging private sector players to invest more in healthcare and pharmaceutical sectors during the forecast period.
Polyester Medical Films Market Share & Competitor Analysis
Some of the key players operating in the polyester medical films market include: Mitsubishi Polyester Film, Inc., Toray Industries, Inc, FUTAMURA CHEMICAL CO., LTD, 3M, Flex Films USA Inc., Tekni-Plex, Coveme SPA, Filmquest Group Inc., Dupont Teijin Films U.S. Limited, Cosmo Films Limited, DUNMORE Corporation, and Grafix Plastics among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2018, Flex Films launched bi-axially oriented polyethylene terephthalate (BOPET) film with a unique velvety and luxurious surface.
In July 2019, Tekni-Plex acquired Italian healthcare packaging manufacturer Lameplast. Lameplast is a part of Tekni-Plex’s global Tekni-Films business.
Check the Press Release on Global Polyester Medical Films Market Report
Polyester Medical Films Market Size: By Film Thickness
Polyester Medical Films Market Size: By End-Use
Polyester Medical Films Market: By Region
The global Polyester Medical Films Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Polyester Medical Films Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
Tailor made solutions just for you
80% of our clients seek made-to-order reports. How do you want us to tailor yours?