Increasing Incidences of Lifestyle Diseases Propelling the Growth of Medical Plastic Converters Market

The burgeoning application of medical plastic converters in surgical equipment, disposable syringes, catheters, microfluid devices, significant growth in the geriatric population, and rising inclination toward cosmeceutical products are some of the factors propelling the demand for medical plastic converters in the Africa region. Furthermore, the growing awareness among people regarding health and wellness, robust urbanization, coupled with surge in the demand for frozen food, and increasing incidences of lifestyle diseases are anticipated to proliferate the growth of the market in the forecast period.

According to MarkNtel Advisors’ research report titled “Africa Medical Plastic Converters Market Analysis, 2020”, the Medical Plastic Converters market is anticipated to grow at a significant CAGR during 2020-25. Based on Application, Microfluid devices acquired the significant market share in 2019 on account of growth in geriatric population, rising healthcare awareness, and increasing incidences of chronic and lifestyle diseases. Besides these, Cosmeceutical segment is anticipated to register fastest growth over the forecast period. The surging awareness regarding personal hygiene, fastest-growing middle-class sector, and robust urbanization are projected to fuel the demand for cosmeceutical products which is anticipated to fuel the growth of the market in the near future.

View Report: https://www.marknteladvisors.com/research-library/africa-medical-plastic-converters-market.html?utm_source=Openpr&utm_medium=pr

“Africa Medical Plastic 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 Medical Plastic 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.

Nigeria Acquired the Significant Market Share
Nigeria acquired the considerable market share in the Africa Medical Plastic Converters market in 2019. The rising expenditure on cosmeceuticals product, boost in the demand for medical plastics in the disposable medical products such as inhalation masks, and burgeoning demand for medical plastic for packaging are promulgating the growth of the medical plastic converters in the forthcoming years as stated by the MarkNtel Advisors’ research report “Africa Medical Plastic Converters Market Analysis, 2020”.

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According to MarkNtel Advisors, the key players with a considerable market share in the Africa Medical Plastic Converters market are 3M, Anchortape, Omnia health, Tapecon, AFROX, Fabrico, Advance, Henkel etc.

Market Segmentation:
1. By Material (Adhesives (Conductive Adhesives for Medical Applications, Die- Cut Adhesives, Medical Grade Adhesives, PSA tapes, Medical Tapes & Films), 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 (South Africa, Nigeria, Kenya, Algeria, Morocco, Others),
4. By Company (3M, Anchortape, Omnia health, Tapecon, AFROX, Fabrico, Advance, Henkel etc.)

Key questions answered in the study:
1. What are the current and future trends of the Medical Plastic Converters industry?
2. How the industry has been evolving in terms of end-user 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 Plastic Converters industry?
5. What is the customer orientation, purchase behavior, and expectations from the Medical Plastic Converters firms across various regions?

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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