Market Overview

The Global Medical Polyoxymethylene (POM) Market is expected to reach a value of USD 124.2 million in 2023 and is anticipated to grow with a compound annual growth rate (CAGR) of 7.1%

Medical grade POM refers to high purity, biocompatible polyoxymethylene polymer utilized across various medical devices and equipment requiring durability, dimensional stability and excellent friction properties.

Market Trends

• Growing usage of copolymeric POM grades over homopolymers for improved thermal stability
• Shift towards renewable bio-based POM offering sustainability advantages
• Advancements in polymer production enabling precision molding of complex medical components

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Factors Driving Demand

• Favorable attributes like high rigidity, strength, and chemical resistance suiting medical devices
• Rising POM usage for drug delivery systems, inhalers, diagnostic instruments etc.
• Growth in minimally invasive surgeries and general healthcare expenditure underpinning market expansion

Market Segmention

By Type

• Homopolymer
• Copolymer

By Application

• Handles for Surgical Instruments
• Pharmaceutical Closures
• Dialysis Machines
• Medical Trays
• Inhalers
• Insulin Pen
• Others

Maket Top Players

• Daicel Corporation
• DuPont de Nemours Inc.
• BASF SE
• Celanese Corporation
• Jet-Hot, Inc.
• SABIC
• CLARIANT
• Avient Corporation
• SPI Performance Coatings
• China National Bluestar (Group) Co. Ltd.
• ICD High-Performance Coatings
• Other Key Players

Challenges

• Higher costs compared to competing plastics like ABS or PSU limiting large scale adoption
• Strict regulatory standards regarding medical grade compliance testing new product offerings
• Established presence of manufacturers offering customized polymer formulations

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Opportunities

• Scope in untapped emerging markets with improving healthcare access
• Leveraging additive manufacturing to produce POM prototypes and low volume parts
• Growing demand for sustainable materials providing impetus to bio-based POM commercialization

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