Global Medical Polyoxymethylene Market Forecast to 2028 –

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Dublin, August 06, 2021 (GLOBE NEWSWIRE) – The “Medical Polyoxymethylene Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Application” report was added to ResearchAndMarkets.com offer.

The global medical polyoxymethylene market was valued at US $ 61,542.14 thousand in 2019 and is expected to reach US $ 88,482.56 thousand by 2028; it is expected to grow at a CAGR of 4.12% from 2019 to 2028.

Polyoxymethylene (POM) is a high performance engineering thermoplastic, which is traditionally produced by ring opening polymerization of formaldehyde and is primarily supplied in the form of pellets. POM resins are produced by the formaldehyde polymerization process so as to provide the homopolymers and copolymers while deploying the other monomers. They are known for their many constructive and mechanical properties, which makes them a suitable material to replace metal in the production of several medical devices. POM is known to provide machining properties similar to metal, as well as thermal and dimensional stability, ultra-high modulus, improved strength, hardness and rigidity, minimal coefficient of friction and permeability. to gas / vapor, dielectric strength and better high temperature retention characteristics. All these properties make it an ideal material to be used in the production of several medical devices and equipment such as dialysis machines, instrument handles, pharmaceutical closures, inhalers, insulin pens and other fields of application. The growth of the market is strongly driven by technological advancements as well as the growth of the medical device industry. Rapid urbanization, coupled with economic growth and the increasing incidence of chronic ailments and diseases, is further driving the demand for medical polyoxymethylene.

Based on the applications, the medical polyoxymethylene market is categorized into dialysis machine, surgical instrument handles, inhalers, insulin pen, and others. The inhalers segment is expected to be the fastest growing segment during the forecast period. Polyacetal or polyoxymethylene (POM) is a form of formaldehyde-based semi-crystalline thermoplastic, with characteristics such as improved strength, rigidity and firmness, as well as improved moldability, mechanical properties and resistance to water. abrasion, fatigue and chemicals. Due to all these properties, it is widely used as a building material and in the design of medical equipment. The cumulative breadth of characteristics these thermoplastics possess makes them ideal for use in a variety of application bases, including dry powder inhalers and metered dose inhalers (MDIs). With increasing demand for inhalers, the medical polyoxymethylene (POM) market is expected to grow. In addition, manufacturers such as Vaneflon NV are involved in the production and supply of polyacetal for medical applications such as metered dose inhalers.

In terms of region, the medical polyoxymethylene market is segmented into North America, Europe, Asia-Pacific (APAC), South America (SAM), and Middle East and Africa (MEA). In 2019, Asia-Pacific contributed the largest share of the global medical polyoxymethylene market. The growth of the medical polyoxymethylene market in this region is mainly attributed to the presence of a strong industrial base as well as the presence of prominent manufacturers contributing significantly to the growth of the market. The growth of the medical sector in developing countries such as China, South Korea and India offers lucrative opportunities for the growth of the medical polyoxymethylene market in Asia-Pacific. In addition, rapid urbanization, along with increasing incidence of chronic diseases, is also promoting the growth of the market in the region. Ease of access and availability of raw materials, coupled with cheap labor and low cost of production, is another factor driving the market in the region.

The COVID-19 pandemic is negatively affecting economies and industries in various countries due to government-imposed closures, travel bans and business closures. Chemistry and Materials is one of the main industries suffering from severe disruption such as supply chain disruptions, cancellations of tech events, and office closures. The closure of various factories and factories in North America, Europe, Asia-Pacific, South America, Middle East and Africa restricted the global supply chain and negatively impacted the business of manufacturing, delivery schedules and product sales. In addition, various companies have already predicted possible delays in product deliveries and a decline in future sales of their products. Travel bans imposed by countries in Europe, Asia and North America hamper business collaborations and partnership opportunities. All of these factors hamper the activities of the chemical and materials industry, which restricts the growth of various markets related to this industry.

BASF SE; Celanese Corporation; DuPont de Nemours, Inc .; Ensinger; Inventro polymers; Kolon Plastics; Korea Engineering Plastics Co., Ltd; LG Chem; Mitsubishi Chemical Corporation; and Polyplastics Co., Ltd. are among the major players operating in the global medical polyoxymethylene market.

Main topics covered:

1. Introduction

2. Key points to remember

3. Research methodology

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 AEM
4.2.5 SAM
4.3 Expert advice

5. Medical POM Market – Key Market Dynamics
5.1 Market drivers
5.1.1 Increase in cases of nosocomial infections (HAI)
5.1.2 Extending the use of medical POM in diverse application bases
5.2 Market restrictions
5.2.1 Strict regulations on the 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 diverse applications of POM in the medical industry
5.5 Impact analysis of conductors and stresses

6. Medical Polyoxymethylene – Global Market Analysis
6.1 Medical Polyoxymethylene Market Overview
6.2 Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (Thousands of US $)
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 (Thousands of US $)
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 (Thousands of US $)
7.5 Inhalers
7.5.1 Overview
7.5.2 Inhalers: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (Thousands of US $)
7.6 Insulin pen
7.6.1 Overview
7.6.2 Insulin Pen: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (Thousands of US $)
7.7 Others
7.7.1 Overview
7.7.2 Others: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (Thousands of US $)

8. Impact of the COVID-19 pandemic on the global medical POM market
8.1 Impact of COVID-19 on the medical polyoxymethylene market
8.1 North America: Assessment of the impact of the COVID-19 pandemic
8.2 Europe: Assessment of the impact of the COVID-19 pandemic
8.3 Asia-Pacific: Assessment of the impact of the COVID-19 pandemic
8.4 Middle East and Africa: Assessment of the impact of the COVID-19 pandemic
8.5 South America: Assessment of the impact of the COVID-19 pandemic

9. Medical POM Market – Geographic Analysis

10. Company profiles
10.1 BASF SE
10.1.1 Key facts
10.1.2 Company 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 Company 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 Company 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 Company 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 Company 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 Company 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 Company 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 Company 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 Company
10.9.1 Key facts
10.9.2 Company 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 Company description
10.10.3 Products and services
10.10.4 Financial overview
10.10.5 SWOT Analysis
10.10.6 Key developments

11. Annex

For more information on this report, visit https://www.researchandmarkets.com/r/jnd8ht


        


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