Market Size of Medical Polyoxymethylene (POM) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Medical Polyoxymethylene Market Analysis
The market for medical polyoxymethylene is expected to grow at a CAGR of more than3% during the forecast period of. Major factors driving the market studied are the rising demand from drug contact & delivery applications and booming medical devices industry. However, the emergence of new plastics applicable for medical devices (like PEEK and PC) is expected to hinder the growth of the market studied.
- Insulin pens application segment dominated the market and is expected to grow during the forecast period owing to the growing usage in countries such as China, India, and Brazil.
- Emerging Applications in Tissue Engineering is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.
