South America Medical Polyoxymethylene Market
No. of Pages: 83 | Report Code: TIPRE00023542 | Category: Chemicals and Materials
No. of Pages: 83 | Report Code: TIPRE00023542 | Category: Chemicals and Materials
South America includes countries such as Brazil, Argentina, and the rest of South America. The continuous developments have had a positive impact on Brazil and Argentina's economy that has advanced to a large extent. The increase in population, changing lifestyles of the populace, and continuous advancement in the healthcare sector have positively impacted Brazil and Argentina's medical polyoxymethylene market that has advanced to a large extent. Moreover, growing instances of chronic diseases coupled with stringent legislation, and rising use of medical polyoxymethylene in medical applications is expected to further propel its market growth. Also, rising instances of hospital-acquired infections (HAIs) is the major factor driving the growth of the SAM medical polyoxymethylene market.
Brazil has the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of these countries have taken an array of actions to protect their citizens and contain COVID-19 spread. The region is experiencing lower export revenues, both, from the drop in commodity prices and reduction in export volumes, especially due to lowered export performance in China, Europe, and the US. Containment measures in several South American countries have reduced economic activity in the chemical and materials industry; however, the sector is likely to rebound once the country manages to control the epidemic.
Strategic insights for the South America Medical Polyoxymethylene provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 2533.02 thousand |
| Market Size by 2028 | US$ 3450.822 thousand |
| Global CAGR (2020 - 2028) | 3.9% |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Medical Polyoxymethylene refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The medical polyoxymethylene market in SAM is expected to reach US$ 3450.822 thousand by 2028 from US$ 2533.02 thousand in 2020. The market is estimated to grow at a CAGR of 3.9% 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.
The SAM medical polyoxymethylene market is segmented into application, and country. On the basis of application, the SAM 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.
A few major primary and secondary sources referred to for preparing this report on the medical polyoxymethylene market in SAM 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; Korea Engineering Plastics Co., Ltd.; LG Chem; and Mitsubishi Chemical Corporation among others.
The South America Medical Polyoxymethylene Market is valued at US$ 2533.02 thousand in 2020, it is projected to reach US$ 3450.822 thousand by 2028.
As per our report South America Medical Polyoxymethylene Market, the market size is valued at US$ 2533.02 thousand in 2020, projecting it to reach US$ 3450.822 thousand by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The South America Medical Polyoxymethylene Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Medical Polyoxymethylene Market report:
The South America Medical Polyoxymethylene Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Medical Polyoxymethylene Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Medical Polyoxymethylene Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Medical Polyoxymethylene Market
