Middle East and Africa 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 Middle East & Africa region includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of MEA. The Middle East and Africa is considered to be an evolving market in terms of medical facilities and equipment and the demand for the product is rising in the region. The market for MEA is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. New investment in improved product offerings have led to the capture of market share in the Middle East and African Region. The shift in consumer lifestyles rising health consciousness along with rising instances of diabetes, kidney failures, respiratory issues and other such health concerns has triggered the demand for better health facilities in the region, which is eventually expected to stimulate the demand for the medical polyoxymethylene market. This has been providing huge opportunities for the manufacturers of the medical polyoxymethylene market. Also, emergence of applications in tissue engineering is the major factor driving the growth of the MEA medical polyoxymethylene market.
Saudi Arabia has the highest number of COVID-19 cases in the Middle East and Africa, followed by Turkey and UAE, among others. The UAE was the first country in the Middle East and Africa to report a confirmed case of COVID-19. The pandemic has affected economies and industries in various countries across MEA region due to lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the major industries suffering serious disruptions in the form of supply chain breaks and production plants shutdowns. The shutdown of various manufacturing plants and factories in MEA region has hampered the global supply chain as well as manufacturing processes, delivery schedules, and goods sales. Various companies have already announced possible delays in product deliveries and projected the slump in future sales of their products. In addition, global travel bans imposed by MEA countries are affecting the business collaboration and partnership opportunities. These factors are making the conditions conducive for the growth of the food & beverages industry, alongside restraining the growth of other markets related to this industry. Therefore, the MEA medical polyoxymethylene market is facing difficulties to grow due to shortfall in production and insufficiency of transportation facilities.
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Market Overview and Dynamics
The medical polyoxymethylene market in MEA is expected to reach US$ 5308.95 thousand by 2028 from US$ 4320.02 thousand in 2020. The market is estimated to grow at a CAGR of 2.6% from 2020 to 2028. The healthcare industry is expected to witness monumental transformation along with the factors such as rapid urbanization, rising instances of infectious diseases, and shift in consumer lifestyle. The demand for Medical POM has been rising in healthcare setting for sterilization of medical devices. However, the use of Medical POM is not limited to medical industry and has been expanding across diversified end use industries such as indoor air/HVAC applications along with building and construction, food & beverage, mold remediation, and packaging.
Key Market Segments
The MEA medical polyoxymethylene market is segmented into application, and country. On the basis of application, the MEA 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 MEA 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.; Korea Engineering Plastics Co., Ltd.; and Mitsubishi Chemical Corporation among others.
Reasons to buy report
- To understand the MEA 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 MEA medical polyoxymethylene market
- Efficiently plan M&A and partnership deals in MEA 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 MEA medical polyoxymethylene market
- Obtain market revenue forecast for market by various segments from 2020-2028 in MEA region.
MEA Medical Polyoxymethylene Market Segmentation
MEA Medical Polyoxymethylene Market -By Application
- Dialysis Machine
- Handles for Surgical Instruments
- Inhalers
- Insulin Pen
- Others
MEA Medical Polyoxymethylene Market -By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Medical Polyoxymethylene Market -Company Profiles
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
- Korea Engineering Plastics Co., Ltd.
- Mitsubishi Chemical Corporation
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. MEA Medical Polyoxymethylene Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Expert Opinion
5. MEA Medical POM Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising cases of Hospital-Acquired Infections (HAIs)
5.1.2 Expansion in use of Medical POM in Diversified Application Bases
5.2 Market Restraints
5.2.1 Rigid Regulations on Use of Thermoplastics and Competition from Traditional Materials
5.3 Market Opportunities:
5.3.1 Emergence of Applications in Tissue Engineering
5.4 Future Trends:
5.4.1 Essential Research on POM and Diversified Applications of POM in Medical Industry
5.5 Impact Analysis of Drivers and Restraints
6. Medical Polyoxymethylene – MEA Market Analysis
6.1 Medical Polyoxymethylene Market Overview
6.2 MEA Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
7. MEA Medical Polyoxymethylene Market Analysis – by Application
7.1 Overview
7.2 MEA Medical Polyoxymethylene Market, by Application (2019 and 2028)
7.3 Dialysis Machine
7.3.1 Overview
7.3.2 Dialysis Machine: MEA 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: MEA Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.5 Inhalers
7.5.1 Overview
7.5.2 Inhalers: MEA Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.6 Insulin Pen
7.6.1 Overview
7.6.2 Insulin Pen: MEA Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
7.7 Others
7.7.1 Overview
7.7.2 Others: MEA Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
8. MEA Medical POM Market – Country Analysis
8.1 Overview
8.1.1 Middle East and Africa: Medical Polyoxymethylene Market, by Key Country
8.1.1.1 South Africa: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 South Africa: Medical Polyoxymethylene Market, by Application
8.1.1.2 Saudi Arabia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 Saudi Arabia: Medical Polyoxymethylene Market, by Application
8.1.1.3 UAE: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 UAE: Medical Polyoxymethylene Market, by Application
8.1.1.4 Rest of MEA: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.4.1 Rest of MEA: Medical Polyoxymethylene Market, by Application
9. Impact of COVID-19 Pandemic on MEA Medical POM Market
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 Korea Engineering Plastics Co., Ltd.
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 Mitsubishi Chemical Corporation
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 Celanese Corporation
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
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. South Africa Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. Saudi Arabia Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. UAE Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Rest of MEA Medical Polyoxymethylene Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. Glossary of Terms, Medical Polyoxymethylene Market
LIST OF FIGURES
Figure 1. MEA Medical Polyoxymethylene Market Segmentation
Figure 2. MEA Medical Polyoxymethylene Market Segmentation – By Country
Figure 3. MEA Medical Polyoxymethylene Market Overview
Figure 4. Insulin Pen Segment Held Largest Share of MEA Medical Polyoxymethylene Market
Figure 5. UAE Held Largest Share of MEA Medical Polyoxymethylene Market
Figure 6. MEA Medical Polyoxymethylene Market, Industry Landscape
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. MEA Medical POM Market Impact Analysis of Driver and Restraints
Figure 10. MEA : Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. MEA Medical Polyoxymethylene Market Revenue Share, by Application (2019 and 2028)
Figure 12. MEA Dialysis Machine: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. MEA Handles for Surgical Instruments: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 14. MEA Inhalers: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. MEA Insulin Pen: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. MEA Others: Medical Polyoxymethylene Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. Middle East and Africa: Medical Polyoxymethylene Market Revenue Share, by Key Country-Revenue 2019 (US$ Thousand )
Figure 18. Middle East and Africa: Medical Polyoxymethylene Market Revenue Share, by Key Country (2019 & 2028 )
Figure 19. South Africa: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. Saudi Arabia: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 21. UAE: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 22. Rest of MEA: Medical Polyoxymethylene Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Impact of COVID-19 Pandemic on Medical Polyoxymethylene Market in Middle East and Africa
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
- Korea Engineering Plastics Co., Ltd.
- Mitsubishi Chemical Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA 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 MEA 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 MEA 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.