Precision Business Insights has published a report on the global medical polyoxymethylene market, estimating its value at USD 235.4 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/medical-polyoxymethylene-market
The Medical Polyoxymethylene (POM) Market is a part of the healthcare materials business that focuses on the use of polyoxymethylene, a high-performance engineering thermoplastic, in medical applications. POM, known for its superior mechanical strength, dimensional stability, low friction, and chemical resistance, is frequently utilized in the manufacture of precision medical components such as insulin pens, inhalers, surgical tool handles, catheters, and implanted devices.
Drivers:
- Growth in chronic diseases, aging populations, and minimally invasive procedures is fueling demand for durable, high-precision components made from POM.
- The rise of wearable diagnostics and home-use medical tools is increasing the need for lightweight, reliable materials like POM.
The global medical polyoxymethylene market segmentation:
1) By Grade: Standard Grade, Medical Grade
2) By Application: Dialysis Machines, Inhalers, Drug Delivery Devices, Handles for Surgical Instruments, Catheter Components, Dental Devices, Diagnostic Devices
3) By End user: Hospitals, Clinics, Ambulatory Surgical Centres (ASCs), Medical Device Manufacturers
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Regional Overview:
The report also examines the current concerns and their Future Effects on the medical polyoxymethylene market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the medical polyoxymethylene market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Celanese Corporation, DuPont de Nemours, Inc., BASF SE, Poly Plastics Co., Ltd., Asahi Kasei Corporation, Mitsubishi Engineering-Plastics Corporation, Ensinger GmbH, LG Chem, Quadrant AG
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