Medical Polyoxymethylene (POM) Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Daicel Corporation and DuPont de Nemours, Inc. are key players.

The prime factor boosting the market growth of medical polyoxymethylene is the rising demand for medical devices and types of equipment coupled with increasing awareness about environmental issues.

As per the report, the medical polyoxymethylene market is expected to grow at a steady pace.

Medical Polyoxymethylene, commonly known as POM or acetol is an efficient engineering thermoplastic in the healthcare industry for numerous applications. The basic properties of medical POM such as high stiffness, low friction coefficient, and high dimensional stability make it suitable for the healthcare industry in the manufacturing of medical devices and tools.

The growing demand for sustainable products will aid the medical POM market growth as it is a recyclable material. Moreover, various companies are incorporating environmental guidelines while manufacturing their products. For instance, in October 2022, BASF launched two sustainable products in the Ultraform series which is its trademark POM portfolio: Ultraform LowPCF (Low Product Carbon Footprint) and Ultraform BMB (Biomass Balance).

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The medical polyoxymethylene market has been categorized based on type, application, and geography.

Based on type, medical POM is divided into copolymer POM and homopolymer POM. The special feature of copolymer POM such as high stiffness, good electrical and mechanical strength, and rigidity, and it absorbs a minimal amount of moisture makes it more demandable between the two in medical, automotive, consumer electronics, and engineering components.

Based on application, it is classified into dialysis machines, inhalers, medical trays, handles for surgical instruments, insulin pens, pharmaceutical closures, and others. According to International Diabetes Federation, the annual growth rate of diabetes worldwide is 3% over the last decade. Therefore, due to the rise in the number of diabetic patients, the market potential for insulin pens will grow in the coming years.

Based on geography, North America is expected to grow significantly over the forecast period due to increased spending on the R&D sector and technology upgradation. For example, healthcare expenditure increased by 2.7% in 2021 as per the American Medical Association.

As a part of the report, the major players in the medical polyoxymethylene market, that have been covered are Celanese Corporation, BASF, Daicel Corporation, DuPont de Nemours, Inc., Ensinger Plastics, Polyplastics Global, Kolon Plastic Inc., Barlog Plastics GmbH, SABIC, and Asahi Kasei Corporation.

This medical polyoxymethylene market has been analyzed into the following segments:

• By Type

o Copolymer POM
o Homopolymer POM

• By Application

o Dialysis Machine
o Inhalers
o Medical Trays
o Handles for Surgical Instruments
o Insulin Pen
o Pharmaceutical Closures
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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