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Medical Polyoxymethylene Market Trends

  • Report ID: GMI11810
  • Published Date: Oct 2024
  • Report Format: PDF

Medical Polyoxymethylene Market Trends

The growing demand for medical devices is a key driver in the medical polyoxymethylene (POM) market. With the increasing prevalence of chronic diseases, aging populations, and advancements in healthcare technologies, the need for high-performance, durable medical devices is on the rise. POM is widely used in the manufacturing of components for devices like inhalers, insulin pens, dialysis machines, and surgical instruments due to its excellent mechanical properties, low friction, and chemical resistance. The global shift towards minimally invasive surgeries and home healthcare devices further fuels the demand for POM, as it meets the requirements for precision and reliability in medical components. This surge in medical device production directly influences the growth of the medical POM market, making it a significant driver for market expansion.
 

Increased healthcare spending globally is a crucial driver in the medical polyoxymethylene market. Governments and private sectors across the world are significantly investing in healthcare infrastructure, technological advancements, and patient care services, especially in response to rising chronic diseases and an aging population. This financial boost accelerates the development and adoption of advanced medical devices that rely on durable, biocompatible materials like POM.
 

The expansion of healthcare facilities, especially in developing regions, is creating a larger demand for medical equipment such as surgical instruments, drug delivery devices, and diagnostic tools, all of which utilize POM for its superior mechanical properties, chemical resistance, and sterilization capabilities. As healthcare spending grows, so does the need for high-performance materials in critical medical devices, driving the demand for medical-grade polyoxymethylene and contributing to the market's growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for medical polyoxymethylene was valued at approximately USD 118.4 million in 2023 and is expected to reach around USD 200.7 million by 2032, driven by a CAGR of over 6.3% from 2024 to 2032.

Dialysis machines accounted for a 30% market share in 2023 and are expected to grow significantly by 2032, driven by the rising prevalence of kidney-related diseases globally.

North America market generated USD 39.4 million in 2023, driven by its well-established healthcare infrastructure and significant investment in healthcare R&D.

Major players in the industry include ASAHI KASEI CORPORATION, BASF SE, Celanese Corporation, Delrin USA, LLC, Ensinger, GLOBAL POLYACETAL CO., LTD., Kolon ENP, Mitsubishi Chemical Corporation, Polyplastics Co., Ltd., and SABIC.

Medical Polyoxymethylene Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 300
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