Polyoxymethylene (POM) or acetal is a form of polymer that is made from formaldehyde-based, semi-crystalline resins with the functional group of carbon bonded to two -OR groups. It is a chemically inert material that is widely used in medical devices due to its biocompatibility, strength, and resistance to chemicals and sterilization methods. Medical polyoxymethylene is an engineering thermoplastic used in precision parts requiring high stiffness, low friction and excellent dimensional stability. The material is available in homopolymer and copolymer forms and can be used in a wide range of applications.
Market Dynamics:
The medical polyoxymethylene market is projected to register a significant growth rate during the forecast period. The increasing adoption of advanced medical technology is one of the major factors driving growth of this market. Moreover, the increase in the incidence of chronic diseases is also contributing to the growth of this market. Other factors that are propelling growth of this market include the increasing use of polyoxymethylene in the production and packaging of pharmaceutical products. The rise in the number of pharmaceutical companies is also accelerating the growth of this market.
On the other hand, issues associated with sterilization and implant application is expected to hinder the market growth.
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