APAC Market Statistics
The Asia Pacific medical polyoxymethylene (POM) market, amongst the market in all the other regions, is poised to dominate 38% revenue share by 2037, growing at a highest CAGR of 6.7% over the forecast period. The growth of the market in this region can be attributed to upsurge in industrialization, and expanding healthcare sector. Further, growing prevalence of diabetes is also estimated to boost the market growth in this region. For instance, India has about 16% of all diabetes patients worldwide, earning it the moniker "Diabetes Capital of the World." India has close to 70 million diabetics in 2022, and by the year 2045, that figure is projected to rise to about 134 million.
Author Credits: Radhika Pawar
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