The global sales of medical liners are estimated to be worth USD 2.4 billion in 2021 and are anticipated to reach a value of USD 4.6 billion by 2031. Sales are projected to rise at a CAGR of 6.5% over the forecast period between 2021 and 2031. The revenue generated by medical liners in 2020 was USD 2.3 billion.
The demand for the medical liners market has been growing with a growing demand for advanced solutions for medical packaging that guarantees sterility, safety, and usability.
Growth in the healthcare and pharmaceutical industries due to increasing injectable drugs and diagnostic kits creates enormous demand for good-quality liners that offer dependable barrier protection. Further, liner material innovations like antimicrobial and biodegradable options are finding increasing demand to meet the changing requirements of industry standards and environmental sensitivities.
The emphasis on regulatory compliance and improved patient safety furthers assists the growth of the market. Furthermore, development of innovations in packaging technologies and personalized medicine increase demand for value-added medical liners. Growth in global healthcare infrastructure and a surge in production of medical devices fuel market growth.
Global Medical Liners Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2020 | USD 2.3 billion |
Estimated Size, 2021 | USD 2.4 billion |
Projected Size, 2031 | USD 4.6 billion |
Value-based CAGR (2021 to 2031) | 6.5% |
The significant increase in the number of medical release liners in various medical applications such as transdermal delivery systems, adhesive bandages, and therapeutic patches, is boosting the market growth.
It also offers various features such as high-quality release liners, safe and easy product application, individual packing and slitting possibilities, and others. The reliability of such features drives the growth of the medical liners market.
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The continuous developments and implementation of new technologies such as 3M medical release liners and liner technology in healthcare industry is creating growth opportunities. New medical liners standards enable higher performance and promise convenience for users, as well as simplicity for designers and manufacturers.
Medical liners offer a wide range of applications such as advanced wound dressings, cost-efficient medical liners, surgical drapes, wound care, medical devices, and body electrodes. It is also used for excellent backside printability for identification or marketing purposes and provides high-quality release liners to ensure safe and easy product application.
Key factors to this growth are increasing preference for medical liner film and growing medical and healthcare sector. Moreover, rising awareness about brand visibility and promotional activities are creating the demand for thermal cure release liners which in turn is driving the medical liners market.
East Asia region is expected to have largest market share for medical liners, due to the strong presence of medical liners manufacturers and providers in the region. This is attributed to the high increase in demand for medical liners for various end user benefits such as easy de-molding prevents damage and contamination, premium feel on finished products, controlled release levels, and others.
The East Asia medical and healthcare sectors are at the development stage, and this is anticipated to continue due to promising macroeconomic indicators and strong support from governments in emerging countries such as Japan, China others, in these region.
Growing adoption of high-performance films for medical liners and thermal cure release liners in various medical device needs from the consumers is projected to drive the market growth across the Europe. The Medical Liners offers various benefits such as supporting multiple mobile carriers, physical security, offering connectivity services, and aforementioned benefits, among other.
Europe is projected to grow at a CAGR of over 7.5% during the forecast period. The presence of major market players such as Mondi, Saint-Gobain Performance Plastics, Siemens Healthcare GmbH, and Loparex, and others, such major players contributing to the market growth.
Some of the leading manufacturer and providers of medical liners include
The report delves into the evolving marketplace where strategic acquisitions and innovations are expected to affect market growth throughout the forecast period. Medical liners product and services are expected to witness substantially high demand during the forecast period due to its advantages including ease of operation and growing awareness among the medicals and healthcare fields regarding medical liners technology.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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