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Global Medical Polyoxymethylene (POM) Market to reach USD 182.5 million by the end of 2030.

Global Medical Polyoxymethylene (POM) Market Size study & Forecast, by Type (Homopolymer POM, Copolymer POM) by Application (Dialysis Machine, Handles for Surgical Instruments, Inhalers, Insulin Pen, Medical Trays, Pharmaceutical Closures, Others), and Regional Analysis, 2023-2030

Product Code: CMPP-70900333
Publish Date: 20-07-2023
Page: 200

Global Medical Polyoxymethylene (POM) Market is valued approximately at USD 110.30 million in 2022 and is anticipated to grow with a growth rate of more than 6.5% over the forecast period 2023-2030. The Medical Polyoxymethylene (POM) refers to the segment particularly focused on the production, distribution, and utilization of polyoxymethylene (POM) materials specifically designed and approved for the use in medical and healthcare applications, including pharmaceutical contact and delivery systems, surgical instruments, medical devices, and other healthcare-related products. The Medical Polyoxymethylene (POM) Market is being driven by factors such as increasing aging population and increasing need of medical devices due to increase in chronic diseases.

Rising prevelance of chronic disease would require medical devices equipment such as glucose monitoring devices, insulin pens and others which are majorly use to treat diabetes, thus rising prevelance of chronic diseases across the globe is driving the market growth. . According to Internaltional Diabetes Fedration, in year 2021around 537 million people are living with diabetes and it is projected to reach at 643 million diabetes cases by year 2030 and 783 million cases by year 2045. . Thus, increasing cases of chronic diseases increase the demand for medical device and medical devices fuel the growth for the medical Polyoxymethylene (POM) market. In addition to growing Importance of Biocompatible Materials and technology advancement in medical device manufacturing is creating a lucrative opportunity to the market growth. However, the strict regulatory Compliances and high cost of medical polyoxymethylene (POM) hinders the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Medical Polyoxymethylene (POM) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the increase in the investment by public as well as private organization in medical device sector and increase incidences of chronic disease in the region. Asia pacific is also considered as the fastest growing region during the forecast period due to growing urbanization and increasing aging population in the region.

Major market player included in this report are:
Polyplastics Co. Ltd.
Asahi Kasei Corporation
Jet-Hot, Inc.
Mitsubishi Engineering-Plastics Corporation
Avient Corporation
Innovative Plastics USA LLC
Korea Engineering Plastics Co. Ltd.
SPI Performance Coatings
China National Bluestar (Group) Co. Ltd
ICD High Performance Coatings

Recent Developments in the Market:
Ø In February 2022, Polyplastics Group showcased its expanded range of acetal materials specifically designed for the medical and healthcare sector during the MD&M West event held in Anaheim, California. The company’s latest offering, the DURACON POM PM series, is intended for use in pharmaceutical contact and delivery applications. Polyplastics aims to demonstrate the capabilities and suitability of these materials for various medical applications during the event.
Global Medical Polyoxymethylene (POM) Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Homopolymer POM
Copolymer POM

By Application:
Dialysis Machine
Handles for Surgical Instruments
Insulin Pen
Medical Trays
Pharmaceutical Closures

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Medical Polyoxymethylene (POM) Market, by region, 2020-2030 (USD Million)
1.2.2. Medical Polyoxymethylene (POM) Market, by Type, 2020-2030 (USD Million)
1.2.3. Medical Polyoxymethylene (POM) Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Polyoxymethylene (POM) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Polyoxymethylene (POM) Market Dynamics
3.1. Medical Polyoxymethylene (POM) Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing aging population. Increasing prevelance of chronic diseases
3.1.2. Market Challenges Strict regulatory Compliances. High cost of Medical Polyoxymethylene (POM)
3.1.3. Market Opportunities Growing Importance of Biocompatible Materials. Technology advancement in medical device manufacturing.
Chapter 4. Global Medical Polyoxymethylene (POM) Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Polyoxymethylene (POM) Market, by Type
5.1. Market Snapshot
5.2. Global Medical Polyoxymethylene (POM) Market by Type, Performance – Potential Analysis
5.3. Global Medical Polyoxymethylene (POM) Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Medical Polyoxymethylene (POM) Market , Sub Segment Analysis
5.4.1. Homopolymer POM
5.4.2. Copolymer POM
Chapter 6. Global Medical Polyoxymethylene (POM) Market, by Application
6.1. Market Snapshot
6.2. Global Medical Polyoxymethylene (POM) Market by Application, Performance – Potential Analysis
6.3. Global Medical Polyoxymethylene (POM) Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Medical Polyoxymethylene (POM) Market, Sub Segment Analysis
6.4.1. Application Dialysis Machine
6.4.2. Handles for Surgical Instruments
6.4.3. Inhalers
6.4.4. Insulin Pen
6.4.5. Medical Trays
6.4.6. Pharmaceutical Closures
6.4.7. Others
Chapter 7. Global Medical Polyoxymethylene (POM) Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Medical Polyoxymethylene (POM) Market , Regional Market Snapshot
7.4. North America Medical Polyoxymethylene (POM) Market
7.4.1. U.S. Medical Polyoxymethylene (POM) Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Medical Polyoxymethylene (POM) Market
7.5. Europe Medical Polyoxymethylene (POM) Market Snapshot
7.5.1. U.K. Medical Polyoxymethylene (POM) Market
7.5.2. Germany Medical Polyoxymethylene (POM) Market
7.5.3. France Medical Polyoxymethylene (POM) Market
7.5.4. Spain Medical Polyoxymethylene (POM) Market
7.5.5. Italy Medical Polyoxymethylene (POM) Market
7.5.6. Rest of Europe Medical Polyoxymethylene (POM) Market
7.6. Asia-Pacific Medical Polyoxymethylene (POM) Market Snapshot
7.6.1. China Medical Polyoxymethylene (POM) Market
7.6.2. India Medical Polyoxymethylene (POM) Market
7.6.3. Japan Medical Polyoxymethylene (POM) Market
7.6.4. Australia Medical Polyoxymethylene (POM) Market
7.6.5. South Korea Medical Polyoxymethylene (POM) Market
7.6.6. Rest of Asia Pacific Medical Polyoxymethylene (POM) Market
7.7. Latin America Medical Polyoxymethylene (POM) Market Snapshot
7.7.1. Brazil Medical Polyoxymethylene (POM) Market
7.7.2. Mexico Medical Polyoxymethylene (POM) Market
7.8. Middle East & Africa Medical Polyoxymethylene (POM) Market
7.8.1. Saudi Arabia Medical Polyoxymethylene (POM) Market
7.8.2. South Africa Medical Polyoxymethylene (POM) Market
7.8.3. Rest of Middle East & Africa Medical Polyoxymethylene (POM) Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Polyplastics Co. Ltd. Key Information Overvie Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Asahi Kasei Corporation
8.3.3. Jet-Hot, Inc.
8.3.4. Mitsubishi Engineering-Plastics Corporation
8.3.5. Avient Corporation
8.3.6. Innovative Plastics USA LLC
8.3.7. Korea Engineering Plastics Co. Ltd.
8.3.8. SPI Performance Coatings
8.3.9. China National Bluestar (Group) Co. Ltd
8.3.10. ICD High Performance Coatings
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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