Market Size of Medical Polyoxymethylene (POM) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Polyoxymethylene Market Analysis
The market for medical polyoxymethylene is expected to grow at a CAGR of more than3% during the forecast period of. Major factors driving the market studied are the rising demand from drug contact & delivery applications and booming medical devices industry. However, the emergence of new plastics applicable for medical devices (like PEEK and PC) is expected to hinder the growth of the market studied.
- Insulin pens application segment dominated the market and is expected to grow during the forecast period owing to the growing usage in countries such as China, India, and Brazil.
- Emerging Applications in Tissue Engineering is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.
Medical Polyoxymethylene Industry Segmentation
The scope of the medical polyoxymethylene (pom) market report includes:
| Type | |
| Homopolymer POM | |
| Copolymer POM |
| Application | |
| Dialysis Machine | |
| Handles for Surgical Instruments | |
| Inhalers | |
| Insulin Pen | |
| Medical Trays | |
| Pharmaceutical Closures | |
| Other Applications |
| Geography | |
| Asia-Pacific | |
| North America | |
| Europe | |
| South America | |
| Middle East & Africa |
Medical Polyoxymethylene (POM) Market Size Summary
The medical polyoxymethylene market is poised for growth, driven by increasing demand in drug contact and delivery applications, as well as the expanding medical devices industry. Despite the potential hindrance posed by the emergence of alternative plastics like PEEK and PC, the market is expected to benefit from the rising usage of insulin pens, particularly in countries such as China, India, and Brazil. These regions are experiencing a surge in health awareness, which is contributing to the higher adoption rates of insulin pens. The Asia-Pacific region, with China leading the charge, dominates the global market due to its substantial consumption and the rapid growth of its healthcare sector.
The insulin pen application segment is a key driver of market expansion, with parts made from polyoxymethylene being favored for their low moisture absorption, sterility, and impact resistance. While the insulin pen market in Europe and Japan is growing at a moderate pace, the United States sees a different trend with a focus on infusion pumps, although insulin pen usage is expected to rise. The fragmented nature of the market is characterized by the presence of several manufacturers, including major players like Celanese Corporation, Daicel Corporation, and DuPont de Nemours, Inc. The large market size and significant growth prospects in Asia-Pacific are crucial for the global expansion of medical polyoxymethylene.
Medical Polyoxymethylene (POM) Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from Drug Contact And Delivery Applications
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1.1.2 Booming Medical Devices Industry
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1.2 Restraints
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Raw Material Analysis
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1.6 Patent Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Homopolymer POM
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2.1.2 Copolymer POM
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2.2 Application
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2.2.1 Dialysis Machine
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2.2.2 Handles for Surgical Instruments
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2.2.3 Inhalers
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2.2.4 Insulin Pen
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2.2.5 Medical Trays
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2.2.6 Pharmaceutical Closures
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2.2.7 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.2 North America
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2.3.3 Europe
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2.3.4 South America
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2.3.5 Middle East & Africa
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Medical Polyoxymethylene (POM) Market Size FAQs
What is the current Medical Polyoxymethylene (POM) Market size?
The Medical Polyoxymethylene (POM) Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Medical Polyoxymethylene (POM) Market?
Celanese Corporation, Daicel Corporation, DuPont de Nemours, Inc., Korea Engineering Plastics Co., Ltd and BASF SE are the major companies operating in the Medical Polyoxymethylene (POM) Market.
