Medical Polyoxymethylene Market to Grow at a CAGR of 4.2% to reach US$ 88,482.56 thousand from 2019 to 2028

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

    Publication Month: Apr 2021 | Report Code: TIPRE00004877 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Published

    The medical polyoxymethylene market was valued at US$ 61,542.14 thousand in 2019 and is projected to reach US$ 88,482.56 thousand by 2028; it is expected to grow at a CAGR of 4.2% from 2020 to 2028.

    Polyoxymethylene (POM) is a high-performance engineered thermoplastic, which is traditionally produced through ring opening polymerization of formaldehyde and is mainly supplied in the form of pellets. POM resins are produced by the process of polymerization of formaldehyde so as to provide the homopolymers and copolymers by deploying the other monomers. They are known for its several constructive and mechanical properties which makes them a suitable material to replace metal in production of several medical devices. POM is known to provide metal-like machining properties along with thermal and dimensional stability, ultra-high modulus, enhanced strength, hardness and rigidness, minimal friction coefficient and gas/vapor permeability, dielectric strength, and better retention characteristics at elevated temperature. All such properties make it an ideal material to be used in production of several medical devices and equipment such as dialysis machines, handles for instrument, pharmaceutical closure, inhalers, insulin pens and other such application areas. The growth of the market is strongly driven by advancements in technology along with growth of medical device industry. Rapid urbanization, coupled with economic growth and rise in incidence of chronic ailments and diseases, is further stimulating the demand for medical polyoxymethylene.

    In 2019, Asia Pacific contributed to the largest share in the global medical polyoxymethylene market. The growth of the medical polyoxymethylene market in this region is primarily attributed to the presence of strong industrial base along with presence of prominent manufactures significantly contributing to the market growth. Growth of medical sector in the developing countries such as China, Japan, South Korea, and India provide lucrative opportunities for the growth of the medical polyoxymethylene market in Asia Pacific. Further, rapid urbanization, along with rise in incidence of chronic diseases, is also favoring the market growth in the region. The easy accessibility and availability of raw materials, coupled with cheap labor and low production cost, is yet another factor driving the market in the region.

    The COVID-19 pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns, and travel bans, and business shutdowns. The chemical & materials is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East & Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products. The travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnership opportunities. All these factors are hampering the activities in the chemical & materials industry, which are restraining the growth of various markets related to this industry. Many countries are now resuming to normalcy, whereas many are experiencing second wave of the outbreak. In addition, due to vaccination drives, now the situations are changing across the globe.

    Geographic Overview of Medical Polyoxymethylene Market

    Geographic Overview of Medical Polyoxymethylene Market

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    Market Insights


    Rising Demand from Drug Contact and Delivery Applications

    Drug delivery is defined as the process of administering a pharmaceutical compound or drug so as to obtain a therapeutic effect in humans or animals.According to the latest World Drug Report released by the United Nations Office on Drugs and Crime (UNODC), approximately 269 million people consumed drugs globally in 2018, which is a 30% hike since 2009. The COVID-19 pandemic and economic downturn have further triggered drug dangers in health globally. Drug contact and delivery is considered to be one of the highly technical and advanced applications; therefore, manufacturers and end users are looking for high quality materials. Several manufacturers of drug-delivery devices are focused on creating complex products by using high-performance materials with better physical and mechanical features, along with advanced functionality and better aesthetics and ergonomics, which could align with the objective of meeting complexity and cost effectiveness. Hence, to cater to the growing demand, manufacturers have come up with the use of polyoxymethylene (POM) in drug-delivery devices.


    An insulin pen is significantly used as a drug delivery device to inject insulin into a diabetic patient. Parts of an insulin pen, such as outer needle cap, pen cap, inner needle cap, and dosage knob, are produced using polyoxymethylene (POM). Use of POM in these parts provides characteristics such as impact resistance along with sterility and minimal moisture absorption. The demand for infusion pump is high in the US, while the demand for insulin pens is high in Europe, China, India, and Brazil, owing to the growing health consciousness among the population. Surge in demand for insulin pen and subsequent rise in its production are expected to proliferate the growth of engineering plastics market such as POM.

    Application Insights

    Based on application, the global medical polyoxymethylene market is segmented into dialysis machine, handles for surgical instruments, inhalers, insulin pen, and others. The insulin pen segment led the market with the largest share in 2019. The insulin pen segment is considered to be one of the lucrative segments in the medical polyoxymethylene market. Insulin pens are categorized under drug delivery devices, which are easy to use, effective, and quite affordable. These factors have positively impacted the demand for insulin pens across developed and developing economies as many people with diabetes are preferring these pens to administer insulin. The rising number of aging patients, coupled with increasing incidence of diabetes and surging adoption of advance drug delivery methods, is expected to positively affect the demand for insulin pens in the market. Several manufacturers of drug delivery devices are focused on creating complex products by using high-performance materials with better physical and mechanical features, along with advanced functionality and better aesthetics and ergonomics, which could align with the objective of meeting complexity and cost effectiveness. Hence, to cater to the growing demand, manufacturers have come up with the use of polyoxymethylene (POM) in drug delivery devices.

    Medical Polyoxymethylene Market, by Application – 2019 and 2028

    Medical Polyoxymethylene Market, by Application – 2019 and 2028

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    Strategic Insights

    The key players operating in the global medical polyoxymethylene market include Daicel Corporation (Polyplastics Co. Ltd); Celanese Corporation; Dupont De Nemours, Inc.; Korea Engineering Plastics Co. Ltd; and Mitsubishi Chemical Corporation. Major market players are focused on strategies such as mergers and acquisitions and product launches to increase their geographical presence and consumer base globally.

    Report Spotlights

    • Progressive industry trends in the global medical polyoxymethylene market to help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the market from 2017 to 2028
    • Estimation of the demand for medical polyoxymethylene across various industries
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
    • Recent developments to understand the competitive market scenario and the demand for medical polyoxymethylene
    • Market trends and outlook coupled with factors driving and restraining the growth of the medical polyoxymethylene market
    • Decision-making process by understanding strategies that underpin commercial interest with regard to global medical polyoxymethylene market growth
    • Medical polyoxymethylene market size at various nodes of market
    • Detailed overview and segmentation of the global medical polyoxymethylene market as well as its dynamics in the industry
    • Medical polyoxymethylene market size in various regions with promising growth opportunities


    Medical Polyoxymethylene Market, by Application

    • Dialysis Machine
    • Handles for Surgical Instruments
    • Inhalers
    • Insulin Pen
    • Others

    Company Profiles

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

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    2. Key Takeaways

    3. Research Methodology

    3.1 Scope of the Study

    3.2 Research Methodology

    3.2.1 Data Collection:

    3.2.2 Primary Interviews:

    3.2.3 Hypothesis formulation:

    3.2.4 Macro-economic factor analysis:

    3.2.5 Developing base number:

    3.2.6 Data Triangulation:

    3.2.7 Country level data:

    4. Medical Polyoxymethylene Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Expert Opinion

    5. Medical POM Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Rising Instances of Hospital-Acquired Infections (HAIs)

    5.1.2 Expanding use of Medical POM in Diversified Application Bases

    5.2 Market Restraints

    5.2.1 Stringent Regulations on Use of Thermoplastics and Competition from Traditional Materials

    5.3 Market Opportunities:

    5.3.1 Emerging Applications in Tissue Engineering

    5.4 Future Trends:

    5.4.1 Significant Research on POM and Diversified Applications of POM in Medical Industry

    5.5 Impact Analysis of Drivers and Restraints

    6. Medical Polyoxymethylene – Global Market Analysis

    6.1 Medical Polyoxymethylene Market Overview

    6.2 Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    6.3 Market Positioning – Global Market Players

    7. Medical Polyoxymethylene Market Analysis – by Application

    7.1 Overview

    7.2 Medical Polyoxymethylene Market, by Application (2019 and 2028)

    7.3 Dialysis Machine

    7.3.1 Overview

    7.3.2 Dialysis Machine: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    7.4 Handles for Surgical Instruments

    7.4.1 Overview

    7.4.2 Handles for Surgical Instruments: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    7.5 Inhalers

    7.5.1 Overview

    7.5.2 Inhalers: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    7.6 Insulin Pen

    7.6.1 Overview

    7.6.2 Insulin Pen: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    7.7 Others

    7.7.1 Overview

    7.7.2 Others: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    8. Impact of COVID-19 Pandemic on Global Medical POM Market

    8.1 Impact of COVID-19 on Medical Polyoxymethylene Market

    8.1 North America: Impact Assessment of COVID-19 Pandemic

    8.2 Europe: Impact Assessment of COVID-19 Pandemic

    8.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    8.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    8.5 South America: Impact Assessment of COVID-19 Pandemic

    9. Medical POM Market – Geographic Analysis

    9.1 Overview

    9.2 North America: Medical Polyoxymethylene Market

    9.2.1 North America: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.2.3 North America: Medical Polyoxymethylene Market, Application

    9.2.4 North America: Medical Polyoxymethylene Market, by Key Country

    9.2.4.1 US: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.2.4.1.1 US: Medical Polyoxymethylene Market, Application

    9.2.4.2 Canada: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.2.4.2.1 Canada: Medical Polyoxymethylene Market, Application

    9.2.4.3 Mexico: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.2.4.3.1 Mexico: Medical Polyoxymethylene Market, Application

    9.3 Europe: Medical Polyoxymethylene Market

    9.3.1 Europe: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.3 Europe: Medical Polyoxymethylene Market, Application

    9.3.4 Europe: Medical Polyoxymethylene Market, by Key Country

    9.3.4.1 Germany: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.1.1 Germany: Medical Polyoxymethylene Market, Application

    9.3.4.2 France: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.2.1 France: Medical Polyoxymethylene Market, Application

    9.3.4.3 Italy: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.3.1 Italy: Medical Polyoxymethylene Market, Application

    9.3.4.4 UK: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.4.2 UK: Medical Polyoxymethylene Market, Application

    9.3.4.5 Russia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.5.1 Russia: Medical Polyoxymethylene Market, Application

    9.3.4.6 Rest of Europe: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.3.4.6.1 Rest of Europe: Medical Polyoxymethylene Market, Application

    9.4 Asia Pacific: Medical Polyoxymethylene Market

    9.4.1 Asia Pacific: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.2 Asia Pacific: Medical Polyoxymethylene Market, by Application

    9.4.3 Asia Pacific: Medical Polyoxymethylene Market, by Key Country

    9.4.3.1 Australia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.1.1 Australia: Medical Polyoxymethylene Market, by Application

    9.4.3.2 China: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.2.2 China: Medical Polyoxymethylene Market, by Application

    9.4.3.3 India: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.3.2 India: Medical Polyoxymethylene Market, by Application

    9.4.3.4 Japan: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.4.1 Japan: Medical Polyoxymethylene Market, by Application

    9.4.3.5 South Korea: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.5.1 South Korea: Medical Polyoxymethylene Market, by Application

    9.4.3.6 Rest of Asia Pacific: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.4.3.6.1 Rest of Asia Pacific: Medical Polyoxymethylene Market, by Application

    9.5 Middle East and Africa: Medical Polyoxymethylene Market

    9.5.1 Middle East and Africa: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.5.2 Middle East and Africa: Medical Polyoxymethylene Market, by Application

    9.5.3 Middle East and Africa: Medical Polyoxymethylene Market, by Key Country

    9.5.3.1 South Africa: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.5.3.1.1 South Africa: Medical Polyoxymethylene Market, by Application

    9.5.3.2 Saudi Arabia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.5.3.2.2 Saudi Arabia: Medical Polyoxymethylene Market, by Application

    9.5.3.3 UAE: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.5.3.3.2 UAE: Medical Polyoxymethylene Market, by Application

    9.5.3.4 Rest of MEA: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.5.3.4.1 Rest of MEA: Medical Polyoxymethylene Market, by Application

    9.6 South America: Medical Polyoxymethylene Market

    9.6.1 South America: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.6.3 South America: Medical Polyoxymethylene Market, by Application

    9.6.4 South America: Medical Polyoxymethylene Market, by Key Country

    9.6.4.1 Brazil: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.6.4.1.1 Brazil: Medical Polyoxymethylene Market, by Application

    9.6.4.2 Argentina: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.6.4.2.1 Argentina: Medical Polyoxymethylene Market, by Application

    9.6.4.3 Rest of South America: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    9.6.4.3.1 Rest of South America: Medical Polyoxymethylene Market, by Application

    10. Company Profiles

    10.1 BASF SE

    10.1.1 Key Facts

    10.1.2 Business Description

    10.1.3 Products and Services

    10.1.4 Financial Overview

    10.1.5 SWOT Analysis

    10.1.6 Key Developments

    10.2 DuPont de Nemours, Inc.

    10.2.1 Key Facts

    10.2.2 Business Description

    10.2.3 Products and Services

    10.2.4 Financial Overview

    10.2.5 SWOT Analysis

    10.2.6 Key Developments

    10.3 Ensinger

    10.3.1 Key Facts

    10.3.2 Business Description

    10.3.3 Products and Services

    10.3.4 Financial Overview

    10.3.5 SWOT Analysis

    10.3.6 Key Developments

    10.4 Inventro Polymers

    10.4.1 Key Facts

    10.4.2 Business Description

    10.4.3 Products and Services

    10.4.4 Financial Overview

    10.4.5 SWOT Analysis

    10.4.6 Key Developments

    10.5 Korea Engineering Plastics Co., Ltd.

    10.5.1 Key Facts

    10.5.2 Business Description

    10.5.3 Products and Services

    10.5.4 Financial Overview

    10.5.5 SWOT Analysis

    10.5.6 Key Developments

    10.6 LG Chem

    10.6.1 Key Facts

    10.6.2 Business Description

    10.6.3 Products and Services

    10.6.4 Financial Overview

    10.6.5 SWOT Analysis

    10.6.6 Key Developments

    10.7 Mitsubishi Chemical Corporation

    10.7.1 Key Facts

    10.7.2 Business Description

    10.7.3 Products and Services

    10.7.4 Financial Overview

    10.7.5 SWOT Analysis

    10.7.6 Key Developments

    10.8 Polyplastics Co., Ltd.

    10.8.1 Key Facts

    10.8.2 Business Description

    10.8.3 Products and Services

    10.8.4 Financial Overview

    10.8.5 SWOT Analysis

    10.8.6 Key Developments

    10.9 Celanese Corporation

    10.9.1 Key Facts

    10.9.2 Business Description

    10.9.3 Products and Services

    10.9.4 Financial Overview

    10.9.5 SWOT Analysis

    10.9.6 Key Developments

    10.10 Kolon Plastics

    10.10.1 Key Facts

    10.10.2 Business Description

    10.10.3 Products and Services

    10.10.4 Financial Overview

    10.10.5 SWOT Analysis

    10.10.6 Key Developments

    11. Appendix

    11.1 About The Insight Partners

    11.2 Glossary of Terms


    LIST OF TABLES

    Table 1. Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Table 2. North America Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 3. US Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 4. Canada Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 5. Mexico Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 6. Europe Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 7. Germany Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 8. France Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 9. Italy Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 10. UK Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 11. Russia Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 12. Rest of Europe Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 13. Asia Pacific Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 14. Australia Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 15. China Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

    Table 16. India Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$

    Table 1. Japan Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

    Table 2. South Korea Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 3. Rest of Asia Pacific Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 4. Middle East and Africa Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 5. South Africa Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 6. Saudi Arabia Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 7. UAE Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 8. Rest of MEA Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 9. South America Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 10. Brazil Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 11. Argentina Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 12. Rest of South America Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

    Table 13. Glossary of Terms, Medical Polyoxymethylene Market

    LIST OF FIGURES

    Figure 1. Medical Polyoxymethylene Market Segmentation

    Figure 2. Medical Polyoxymethylene Market Segmentation – By Geography

    Figure 3. Global Medical Polyoxymethylene Market Overview

    Figure 4. Insulin Pen Segment Held Largest Share of Global Medical Polyoxymethylene Market

    Figure 5. Asia Pacific Region Held Largest Share of Global Medical Polyoxymethylene Market

    Figure 6. Global Medical Polyoxymethylene Market, Industry Landscape

    Figure 7. North America PEST Analysis

    Figure 8. Europe: PEST Analysis

    Figure 9. APAC: PEST Analysis

    Figure 10. MEA: PEST Analysis

    Figure 11. SAM: PEST Analysis

    Figure 12. Expert Opinion

    Figure 13. Medical POM Market Impact Analysis of Driver and Restraints

    Figure 14. Geographic Overview of Medical Polyoxymethylene Market

    Figure 15. North America: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 16. Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028)

    Figure 17. Dialysis Machine: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 18. Handles for Surgical Instruments: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 19. Inhalers: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 20. Insulin Pen: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 21. Others: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 22. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in North American Countries

    Figure 23. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in European Countries

    Figure 24. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in Asia Pacific

    Figure 25. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in Middle East and Africa

    Figure 26. Impact of COVID-19 Pandemic in South America Country on Medical Polyoxymethylene Market in South America

    Figure 27. Medical Polyoxymethylene Market, Breakdown by Regions, 2019 & 2028 (%)

    Figure 28. North America: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 29. North America: Medical Polyoxymethylene Market Revenue Share, Application (2019 and 2028 )

    Figure 30. North America: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 and 2028 )

    Figure 31. US: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 32. Canada: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 33. Mexico: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 34. Europe: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 35. Europe: Medical Polyoxymethylene Market Revenue Share, Application (2019 and 2028 )

    Figure 36. Europe: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 and 2028 )

    Figure 37. Germany: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 38. France: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 39. Italy: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 40. UK: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 41. Russia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 42. Rest of Europe: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 43. Asia Pacific: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 44. Asia Pacific: Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028 )

    Figure 45. Asia Pacific: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 and 2028 )

    Figure 46. Australia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 47. China: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 48. India: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 49. Japan: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 50. South Korea: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 51. Rest of Asia Pacific: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 52. Middle East and Africa: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 53. Middle East and Africa: Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028 )

    Figure 54. Middle East and Africa: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 and 2028 )

    Figure 55. South Africa: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 56. Saudi Arabia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 57. UAE: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 58. Rest of MEA: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 59. South America: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)

    Figure 60. South America: Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028 )

    Figure 61. South America: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 and 2028 )

    Figure 62. Brazil: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 63. Argentina: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    Figure 64. Rest of South America: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)

    The List of Companies - Medical POM Market

    1. BASF SE
    2. Celanese Corporation
    3. DuPont de Nemours, Inc.
    4. Ensinger
    5. Inventro Polymers
    6. Kolon Plastics
    7. Korea Engineering Plastics Co., Ltd
    8. LG Chem
    9. Mitsubishi Chemical Corporation
    10. Polyplastics Co., Ltd.
    • Highlights key business priorities in order to assist companies to realign their business strategies.

    • The key findings and recommendations highlight crucial progressive industry trends in the global medical POM market, thereby allowing players to develop effective long-term strategies.

    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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    Frequently Asked Questions

    The major players operating in the global Medical Polyoxymethylene market are BASF SE, DuPont de Nemours, Inc., Ensinger, Inventro Polymers, Korea Engineering Plastics Co., Ltd., LG Chem, Mitsubishi Chemical Corporation, Polyplastics Group, Celanese, and Kolon Plastics are among many others.
    Asia pacific is considered to be dominating region in global medical polyoxymethylene market. The Medical Polyoxymethylene industry in the countries of APAC has experienced a considerable shift over the years. The massive growth of the Asia-Pacific region market is due to the rising investment in advanced healthcare facilities and infrastructure in emerging economies, such as India and China. The robust manufacturing base of the engineered plastics in China, Japan, and India, high demand for polyoxymethylene in various application bases are expected to augment regional market growth. Furthermore, favorable policies implemented by the government of India and Make in India, are expected to create sufficient growth opportunities for the healthcare industry, which, in turn, is expected to increase the consumption of medical polyoxymethylene in the region. The dominance is attributable to the rising prevalence of diseases such as diabetes along with rapid growth of healthcare industry. Further, the shift in consumer lifestyle and growing focus towards health are other factors driving the demand for medical polyoxymethylene in the economy.
    The inhalers segment is growing at a faster pace in the market during the forecast period. Polyacetal or polyoxymethylene (POM) is formaldehyde-based and semi-crystalline form of thermoplastics, with characteristics such as better strength and rigidity and firmness, along with moldability, enhanced mechanical properties, and abrasion, fatigue, and chemical resistance. Owing to all these properties, it is significantly used as a construction material and in designing medical equipment. The cumulative scope of characteristics possessed by such thermoplastics makes them ideal to be used across diversified application bases including dry powder inhalers and metered dose inhalers (MDIs). Cipla, which is considered to be one of the market leaders of respiratory therapies, has reported that post COVID-19 pandemic, there would be a surge in demand for respiratory drugs and inhalers, owing to after-effects of COVID-19 disease. Hence, it is quite evident that the demand for inhalers is set to rise, which may channelize the need for polyoxymethylene (POM). Further, manufacturers such as Vanéflon NV are involved in the production and supply of polyacetal for medical applications such as metered dose inhalers.

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