GCC Medical Packaging Market
The GMI Research report envisages a sturdy boom in the GCC Medical Packaging Market over the forecast period. The accelerating population, rising per capita income, and aggravating productiveness have stimulated the growth of the GCC Medical Packaging Market. Also, the accelerating incidences of incurable diseases have raised the investment in the healthcare industry, which will further propel market growth.
GCC Medical Packaging Market Dynamics
The increasing incidences of chronic diseases have raised the consciousness towards healthcare substantially. Thus, increasing awareness is regarded as one of the primary reasons responsible for the rapid growth of the GCC medical packaging market. Also, the augmenting demand for viable packaging solutions in the medical industry is projected to elevate the market size. Further, the development in healthcare infrastructure and the expansion in medical tourism is driving the market growth. The sudden outburst of the coronavirus crisis has stimulated the demand for health insurance, further promoting market growth.
As stated by the Dubai Health Authority, nearly 12 hospitals were inaugurated by the end of 2020, adding the total number of private hospitals in Dubai to 38. Leading healthcare projects such as King Faisal Medical City in Asir, King Abdullah Medical City in Bahrain, and Sultan Qaboos Medical City Complex in Barka have promoted market growth. Furthermore, the growing adoption of digital technologies such as IoT in the medical industry and the adoption of intelligent packaging endowed with radio-frequency identity tags (RFID), sensors, near-field communication (NFC), Bluetooth, and smartphones is projected to proffer huge opportunities to the market.
Packaging Type Segment Drivers
The trays segment is anticipated to expand at an exceptional growth rate over the coming years. This is because of their remarkable benefits such as sealing, easy loading, and sterilizing for medical packaging. Also, the growing usage of thermoformed trays to wrap a medical device because of their assistance to protect the device from being spoiled at the time of transportation will stimulate the GCC Medical Packaging market opportunities.
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