North America Medical Polyoxymethylene Market Growth Opportunities and Forecast by 2028

Historic Data: 2018-2019 | Base Year: 2020 | Forecast Period: 2021-2028

North America Medical Polyoxymethylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Dialysis Machine, Handles for Surgical Instruments, Inhalers, Insulin Pen, and Others)

Report Date : Jul 2021
Report Code : TIPRE00023541

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 91

Page Updated: Jul 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The medical polyoxymethylene market in North America is expected to reach US$ 15,130.52 thousand by 2028 from US$ 10,319.82 thousand in 2020. The market is estimated to grow at a CAGR of 4.9% from 2020 to 2028.

The US, Canada, and Mexico are economies in North America. Healthcare-associated infections (HCAI) or nosocomial infections are the infections associated with the equipment and devices, such as catheters or ventilators, used during medical procedures. Over the period, there has been rising prevalence of HCAI diseases, which has become a serious concern among various economies. For instance, according to National Center for Biotechnology Information, it has been estimated that almost 2 million patients in the US suffer from HCAI annually, out of which ~98,000 people die.

The US has the highest number of confirmed cases of coronavirus, among all key countries in the region. This is negatively impacting the chemical and materials industry in the region due to the impact of the COVID-19 pandemic on supply and distribution chains. The ongoing COVID-19 pandemic has drastically altered the growth status of the medical polyoxymethylene industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for medical polyoxymethylene is expected to rise in the coming months. However, the focus over just-in-time production is another factor hindering the medical polyoxymethylene market growth. With the projected rise in the importance of advanced medical equipment and application diversification in post-pandemic times, the demand for medical polyoxymethylene is expected to take huge leaps. Therefore, effective measures taken by such associations, backed by positive government initiatives, to support medical industry is expected to generate the demand for medical polyoxymethylene in the coming years. Further, significant investments by prominent companies in the development of advanced products is, yet, another factor supporting the market growth across North America region.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America medical polyoxymethylene market. The North America medical polyoxymethylene market is expected to grow at a good CAGR during the forecast period.
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North America Medical Polyoxymethylene Market Segmentation

North America Medical Polyoxymethylene Market – By Application

Dialysis Machine
Handles for Surgical Instruments
Inhalers
Insulin Pen
Others

North America Medical Polyoxymethylene Market - By Country

US
Canada
Mexico

North America Medical Polyoxymethylene Market -Companies Mentioned

BASF SE
Celanese Corporation
DuPont de Nemours, Inc.
Ensinger
Kolon Plastics
Korea Engineering Plastics Co., Ltd.
LG Chem
Mitsubishi Chemical Corporation
Polyplastics Co., Ltd.

North America Medical Polyoxymethylene Report Scope

Report Attribute	Details
Market size in 2020	US$ 10,319.82 thousand
Market Size by 2028	US$ 15,130.52 thousand
Global CAGR (2020 - 2028)	4.9%
Historical Data	2018-2019
Forecast period	2021-2028
Segments Covered	By Application Dialysis Machine Handles for Surgical Instruments Inhalers Insulin Pen
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	BASF SE Celanese Corporation DuPont de Nemours, Inc. Ensinger Kolon Plastics Korea Engineering Plastics Co., Ltd. LG Chem Mitsubishi Chemical Corporation Polyplastics Co., Ltd.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the North America Medical Polyoxymethylene Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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