Protection Films for Medical Devices Market: Global Industry Analysis and Forecast to 2022 to 2026

Market Overview: A medical device refers to an instrument, equipment, implant, or apparatus used to diagnose, prevent, or treat diseases through a physical process. A protection film helps prevent external influences from entering medical devices and adversely affecting them. Protection films, such as thermoplastic polyurethane, offer strong resistance towards water, fungus, and abrasion.

Traditionally, the healthcare industry used metal and glass packaging components to protect medical devices from the outside environment. Currently, the industry relies on high-barrier plastic films, which are composed of single polymers, laminations, metalized films, and various specialized coatings for better product protection. Over the last decade, paper was the most commonly used material for medical device packaging. Currently, the use of plastic films has increased significantly.

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North America has the largest market share for Protection Films Medical Devices technology, followed by Europe and Asia Pacific. The U.S. alone holds the largest market and is expected to maintain its dominance in the global Protection Films Medical Devices market. However, Asia Pacific is expected to witness highest growth in forecasted period. Developing market of China and India are expected to boost the Asian medical device market.
Increasing awareness about minimally invasive surgeries among the patients is driving the global Protection Films Medical Devices market. Additionally, growth prospect in medical industries paired with emerging economies is expected to drive the global market to some extent.

Increasing people concern towards health and wellbeing coupled with increasing disposable income is further expected to increase the demand for better medical facilities in coming future. However, changing government regulation for medical devices across different countries may hamper the growth of Protection Films Medical Devices market to some extent.

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Globally, governments are spending more money to provide better healthcare services. For instance, the U.S. has the highest per capita healthcare spending in the world. In 2011, the U.S. per capita healthcare spending was 17.9% of its GDP or USD 8,362.

Overall, healthcare spending in the U.S is growing at a rapid rate. Overall healthcare spending stood at USD 3 trillion in 2012, which rose to USD3.8 trillion in 2014. Similarly, other developed countries such as France, Germany, and Japan are also increasing spending on healthcare.

Healthcare spending is also rising among developing countries such as India and China, which are focusing on providing better healthcare services to their large population bases. This may led to an increase in the medical devices market, which, in turn, is expected to drive the market for protection films for medical devices.

Some of the major companies operating in this market include DUNMORE Corporation, UFP Technologies, Inc., Argotec LLC, Specialty Coating Systems, Inc., The 3M Company, Berry Plastics Corporation, E. I. du Pont de Nemours and Company, Mitsubishi Chemical Holdings Corporation, Chesapeake Limited, Klockner Pentaplast Group, Clondalkin Group Holdings B.V., Sigma Medical Supplies Corp., SteriPack Group, Oliver Products Company, and Amcor Limited.

Key points covered in the report
• Report segments the market on the basis of types, application, products, technology, etc (as applicable)
• The report covers geographic segmentation
• North America
• Europe
• Asia
• RoW

The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020

The report provides company profiles of some of the leading companies operating in the market
The report also provides porters five forces analysis of the market.

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