Asia-pacific Medical Grade Paper Market Forecast 2023-2032

Asia-pacific Medical Grade Paper Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific medical grade paper market is estimated to progress with a CAGR of 4.45% during the forecasting years of 2023 to 2032. Some of the main factors proliferating the market growth of the region are the rise in government expenditure on healthcare infrastructure upgrades, the increasing population and improving economies, as well as technological advancements.

MARKET INSIGHTS

The Asia-Pacific medical grade paper market growth evaluation entails the study of Vietnam, Australia & New Zealand, China, Japan, South Korea, Thailand, Indonesia, India, and Rest of Asia-Pacific. Health industry exports in South Korea, such as pharmaceuticals, cosmetics, and medical equipment, achieved an all-time high in the first half of the year 2022. Moreover, diagnostic reagents, as well as COVID-19 vaccinations, drove the export increase in the country, as well.

As per the Korea Health Industry Development Institute, while the industry’s exports totaled around $13.35 billion, the amount marked an 8.5% gain over the same period in the previous year. Furthermore, it was also the strongest semi-annual performance, surpassing $13.15 billion in the second half of 2021. In addition, the healthcare industry’s demand for practical and safe packaging materials for a diverse range of medical items is further propelling the need for medical grade paper in South Korea. As a result, these factors are projected to augment the medical grade paper market growth in the Asia-Pacific during the forecast period.

COMPETITIVE INSIGHTS

Key players operating in the market are Anqing Tianrun Paper Packaging Co Ltd, Steril Medipac, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments