- The key vendors in the Global Fluoropolymer Market in Healthcare Industry 2015-2019 are 3M Medical, AGC Chemicals Americas, Daikin America, Inc., E. I. du Pont de Nemours and Co., Honeywell International Inc., Mexichem S.A.B. de C.V. and Zeus Industrial Products Inc.
London, 20 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Fluoropolymer Market in Healthcare Industry 2015-2019. Increased expenditure in R&D, owing to the growing competition and the development of environment-friendly methods of production, is one key trend in this market. Manufacturers have increased their emphasis on R&D owing to the rapid increase in the number of innovations in the Healthcare industry in recent years. The Global Fluoropolymer market in the Healthcare industry is expected to grow at a constant pace and post a CAGR of 7.36 percent during the period 2014-2019.
The replacement of plastics by fluoropolymers in packaging applications is expected to propel the growth of the market. Fluoropolymers are extensively used for the packaging of tablets and capsules in the Healthcare industry. They can withstand high temperatures of sterilization and, hence, are used for etching over implantable medical devices such as catheters.
“Increased public awareness about the significance and positive effects of healthcare products in the developing countries, along with favorable government policies, are encouraging foreign players to open their production facilities in the APAC region,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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