Europe Medical Polyoxymethylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Dialysis Machine, Handles for Surgical Instruments, Inhalers, Insulin Pen, and Others)
Market Introduction
The market for Europe includes Germany, France, Italy, the UK, Russia, and the rest of Europe. The chemical industry contributes a major share to the GDP of the region. This industry is supporting the growth of the economy by assisting with various materials to be used in end-use that result in the creation of a diversified array of business opportunities and services. The chemical and materials industry of the EU is considered to be a major industry as it significantly contributing to the country’s GDP as well as employs millions of people in the region. Moreover, increasing demand for medical polyoxymethylene in production of medical devices and components such as dialysis machine, handles for surgical instruments, inhalers, insulin pen, medical trays, pharmaceutical closures and others are influencing the medical polyoxymethylene market in Europe. Also, amplified use of medical POM in diversified application bases is the major factor driving the growth of the Europe medical polyoxymethylene market.
In Europe, currently the UK and Russia, followed by France, Spain, Italy, and Germany, are the hardest-hit countries by the COVID-19 pandemic. These countries are estimated to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partial closing of their borders. The ongoing COVID-19 pandemic has drastically altered the growth status of the medical polyoxymethylene industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The disturbed value chain has had a negative impact on raw material supply. However, as the economies are planning to revive their operations, the demand for medical polyoxymethylene is expected to rise in the coming months. However, the focus over just-in-time production is another factor hindering the medical polyoxymethylene market growth across the Europe region.
Get more information on this report :
Market Overview and Dynamics
The medical polyoxymethylene market in Europe is expected to reach US$ 17,165.62 thousand by 2028 from US$ 12,143.40 thousand in 2020. The market is estimated to grow at a CAGR of 4.4% from 2020 to 2028. Tissue engineering is defined as an interdisciplinary field which focuses toward repairing the tissues and organs with the help of cell-polymer interactions conducted by chemists, material scientists, and other such people working in the field. Several thermoplastic and thermosetting polymers have been considered ideal materials for use in devices that assist tissue engineering. Polyoxymethylene is an engineering resin exhibiting mechanical features, which make it ideal for use in prototyping and production of laboratory apparatus. Further, it is known to offer excellent, metal-like machining properties, along with thermal and dimensional stability, which permits the steam sterilization. Further, polyoxymethylene (POM) provides ultra-high modulus along with enhanced strength, hardness and rigidness, minimal friction coefficient and gas/vapor permeability, dielectric strength, and better retention characteristics at elevated temperature.
Key Market Segments
The Europe medical polyoxymethylene market is segmented into application, and country. On the basis of application, the Europe medical polyoxymethylene market is categorized into dialysis machine, handles for surgical instruments, inhalers, insulin pen, and others. Insulin pen segment dominated the market in 2019. Further, the inhalers segment is expected to be the fastest growing segment during the forecasted period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the medical polyoxymethylene market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BASF SE; Celanese Corporation; DuPont de Nemours, Inc.; Ensinger; Kolon Plastics; Korea Engineering Plastics Co., Ltd.; LG Chem; Mitsubishi Chemical Corporation; and Polyplastics Co., Ltd. among others.
Reasons to buy report
- To understand the Europe medical polyoxymethylene market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe medical polyoxymethylene market
- Efficiently plan M&A and partnership deals in Europe medical polyoxymethylene market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe medical polyoxymethylene market
- Obtain market revenue forecast for market by various segments from 2020-2028 in Europe region.
Europe Medical Polyoxymethylene Market Segmentation
Europe Medical Polyoxymethylene Market -By Application
- Dialysis Machine
- Handles for Surgical Instruments
- Inhalers
- Insulin Pen
- Others
Europe Medical Polyoxymethylene Market -By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Medical Polyoxymethylene Market -Company Profiles
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
- Ensinger
- Kolon Plastics
- Korea Engineering Plastics Co., Ltd.
- LG Chem
- Mitsubishi Chemical Corporation
- Polyplastics Co., Ltd.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
4. Europe Medical Polyoxymethylene Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Expert Opinion
5. Europe Medical POM Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Instances of Hospital-Acquired Infections (HAIs)
5.1.2 Amplified use of Medical POM in Diversified Application Bases
5.2 Market Restraints
5.2.1 Rigorous Regulations on Use of Thermoplastics and Competition from Traditional Materials
5.3 Market Opportunities:
5.3.1 Arising Applications in Tissue Engineering
5.4 Future Trends:
5.4.1 Crucial Research on POM and Diversified Applications of POM in Medical Industry
5.5 Impact Analysis of Drivers and Restraints
6. Medical Polyoxymethylene – Europe Market Analysis
6.1 Europe Medical Polyoxymethylene Market Overview
6.2 Europe Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
7. Europe Medical Polyoxymethylene Market Analysis – by Application
7.1 Overview
7.2 Europe Medical Polyoxymethylene Market, by Application (2019 and 2028)
7.3 Dialysis Machine
7.3.1 Overview
7.3.2 Dialysis Machine: Europe Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Handles for Surgical Instruments
7.4.1 Overview
7.4.2 Handles for Surgical Instruments: Europe Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5 Inhalers
7.5.1 Overview
7.5.2 Inhalers: Europe Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.6 Insulin Pen
7.6.1 Overview
7.6.2 Insulin Pen: Europe Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.7 Others
7.7.1 Overview
7.7.2 Others: Europe Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
8. Europe Medical POM Market – Country Analysis
8.1 Overview
8.1.1 Europe: Medical Polyoxymethylene Market, by Key Country
8.1.1.1 Germany: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 Germany: Medical Polyoxymethylene Market, Application
8.1.1.2 France: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 France: Medical Polyoxymethylene Market, Application
8.1.1.3 Italy: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 Italy: Medical Polyoxymethylene Market, Application
8.1.1.4 UK: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.4.1 UK: Medical Polyoxymethylene Market, Application
8.1.1.5 Russia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.5.1 Russia: Medical Polyoxymethylene Market, Application
8.1.1.6 Rest of Europe: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.6.1 Rest of Europe: Medical Polyoxymethylene Market, Application
9. Impact of COVID-19 Pandemic on Europe Medical POM Market
9.1 Overview
10. Company Profiles
10.1 BASF SE
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 DuPont de Nemours, Inc.
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Ensinger
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Korea Engineering Plastics Co., Ltd.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 LG Chem
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Mitsubishi Chemical Corporation
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Polyplastics Co., Ltd.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Celanese Corporation
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 Kolon Plastics
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. Germany Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. France Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Italy Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. UK Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Russia Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. Rest of Europe Medical Polyoxymethylene Market, Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. Glossary of Terms, Medical Polyoxymethylene Market
LIST OF FIGURES
Figure 1. Europe Medical Polyoxymethylene Market Segmentation
Figure 2. Europe Medical Polyoxymethylene Market Segmentation – By Country
Figure 3. Europe Medical Polyoxymethylene Market Overview
Figure 4. Insulin Pen Segment Held Largest Share of Europe Medical Polyoxymethylene market
Figure 5. Rest Of Europe Held Largest Share of Europe medical polyoxymethylene market
Figure 6. Europe Medical Polyoxymethylene Market, Industry Landscape
Figure 7. Europe: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Europe Medical POM Market Impact Analysis of Driver and Restraints
Figure 10. Europe: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. Europe Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028)
Figure 12. Europe Dialysis Machine: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. Europe Handles for Surgical Instruments: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. Europe Inhalers: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. Europe Insulin Pen: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. Europe Others: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Europe: Medical Polyoxymethylene Market, by Key Country-Revenue 2019 (US$ Thousand )
Figure 18. Europe: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019& 2028 )
Figure 19. Germany: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. France: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. Italy: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. UK: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Russia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. Rest of Europe: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in European Countries
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
- Ensinger
- Kolon Plastics
- Korea Engineering Plastics Co., Ltd.
- LG Chem
- Mitsubishi Chemical Corporation
- Polyplastics Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Medical Polyoxymethylene Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Medical Polyoxymethylene market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving Medical Polyoxymethylene market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.