Medical Polyoxymethylene Market Analysis

Application [Drug Delivery System (Inhalers, Insulin Pens, Hose Clamp/Clip, Stop Cock/Manifold), Medical Devices (Dialysis Machine, Handles for Surgical Instruments, Skin stretchers, Male Circumcision Device)]

The global medical polyoxymethylene (POM) market is segmented and analyzed for demand and supply by application into drug delivery system, and medical devices. Out of which, the medical devices segment is anticipated to garner the largest revenue by the end of 2037. Further, the medical devices segment is sub-segmented into dialysis machine, skin stretchers, male circumcision device, cruciate ligament operation device, infusion pump and rack system, and others. Out of these, the skin stretchers segment is anticipated to grow with the highest CAGR of 6.78% over the forecast period. However, the dialysis machine sub-segment is expected to garner the second highest revenue by the end of 2037. The growth of the segment can be attributed to the rising cases of kidney malfunctioning and related diseases. Nearly 786,000 Americans have end-stage renal disease (ESRD), with about 70% receiving dialysis and 30% receiving a kidney transplant, according to a research from the National Institute of Diabetes and Digestive and Kidney Diseases. Between 2008 and 2018, the number of patients receiving home dialysis doubled. Hence this growth in kidney malfunctioning is expected to boost the use of dialysis machine. Since, various top manufacturers employ polyoxymethylene as an appropriate raw material for making dialysis machines as it provides important attributes such as high mechanical strength and stiffness, outstanding dimensional stability and more, this segment is expected to boost the market growth. However, the drug delivery system segment is expected to grow with a highest CAGR of 6.55% over the forecast period.

Grade (Standard, Weather Resistant, Low VOC, Reinforced, Special Grade)

The global medical polyoxymethylene (POM) market is also segmented and analyzed for demand and supply by grade into standard, weather resistant, low VOC, reinforced, special grade, and others. Amongst these segments, the standard segment is anticipated to hold the second largest revenue of by the end of 2037. However, weather resistant segment is anticipated to grow at a highest CAGR of 7% over the forecast period, backed by growth in number of surgeries which is further boosting demand for surgical instruments. Many reusable surgical instruments are sterilized using heat, which calls for a polymer with weather-resistant qualities to endure such high temperatures. The weather-resistant grade gives polymeric materials the ability to survive the activities of extreme ambient agents (solar radiation, heat, oxygen, moisture, industrial gases, and so on) without substantial shift in their exterior form and functional capabilities (mechanical, dielectric, and others). Hence, these advantages are provided by polyoxymethylene copolymers.

Our in-depth analysis of the global market includes the following segments: