Medical Polyoxymethylene Market Share

Segmentation Analysis:

The medical POM market can be segmented based on various factors such as type, application, and end-user. One sub-segment from each segment is discussed in detail below:

Type:

The medical POM market can be divided into two types, homopolymer, and copolymer. Homopolymer POM is the most widely used type in the medical sector. It possesses excellent mechanical properties, chemical resistance, and low friction coefficient, making it suitable for various medical applications. Homopolymer POM finds extensive use in surgical instruments, dental components, drug delivery devices, and prosthetics.

Application:

Under the application segment, one prominent sub-segment is medical devices and equipment. Medical POM is extensively used in manufacturing a wide range of medical devices and equipment such as syringes, catheters, clips, connectors, and dialysis machines. Its high biocompatibility, dimensional stability, and resistance to sterilization methods make it ideal for these applications. The increasing demand for advanced medical devices and equipment for diagnosis and treatment is driving the growth of this sub-segment.

End-User:

The medical POM market serves various end-users, including hospitals, clinics, and ambulatory surgical centers (ASCs). Hospitals account for the largest end-user segment due to the high volume of medical procedures and surgeries performed in these facilities. The rise in hospital admissions, especially for critical surgeries, has increased the demand for medical POM. Its use in surgical instruments, implant components, and drug delivery devices in hospitals is driving the market growth in this segment.

Competitive Landscape:

The medical POM market is highly competitive and consists of several key players. These market players are actively engaged in strategic initiatives such as mergers and acquisitions, collaborations, and product innovations to gain a competitive edge. Some of the major players in the medical POM market include Dow, Celanese Corporation, DuPont, Polyplastics Co. Ltd., Asahi Kasei Corporation, Jet-Hot, Inc., Mitsubishi Engineering-Plastics Corporation, SABIC, Avient Corporation, CLARIANT, Korea Engineering Plastics Co. Ltd., SPI Performance Coatings, China National Bluestar (Group) Co. Ltd, ICD High Performance Coatings, EverCoat Industries Sdn Bhd. These players focus on expanding their product portfolio and strengthening their distribution networks to cater to the growing demand for medical POM globally.