Saudi Arabia Medical Polyoxymethylene (pom) Market Size & Outlook
Saudi Arabia medical polyoxymethylene (pom) market, 2018-2030 (US$M)
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Saudi Arabia medical polyoxymethylene (pom) market highlights
- The Saudi Arabia medical polyoxymethylene (pom) market generated a revenue of USD 2.9 million in 2023 and is expected to reach USD 4.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, copolymer pom was the largest revenue generating type in 2023.
- Copolymer POM is the most lucrative type segment registering the fastest growth during the forecast period.
Medical polyoxymethylene (pom) market data book summary
| Market revenue in 2023 | USD 2.9 million |
| Market revenue in 2030 | USD 4.3 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Copolymer pom |
| Fastest growing segment | Copolymer POM |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Homopolymer POM, Copolymer POM |
| Key market players worldwide | Dow Inc, Celanese Corp Class A, DuPont de Nemours Inc, Daicel Corp, Asahi Kasei Corp, Mitsubishi Gas Chemical Co Inc, SABIC, Avient Corp, Clariant AG, Jet-Hot, Innovative Plastics, Korea Engineering Plastics Co., China National Bluestar Group, ICD High Performance Coatings |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.5% of the global medical polyoxymethylene (pom) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia medical polyoxymethylene (pom) market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.3 million by 2030.
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Medical Polyoxymethylene (POM) Market Scope
Medical Polyoxymethylene (POM) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia medical polyoxymethylene (pom) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical polyoxymethylene (pom) market will help companies and investors design strategic landscapes.
Copolymer pom was the largest segment with a revenue share of 65.52% in 2023. Horizon Databook has segmented the Saudi Arabia medical polyoxymethylene (pom) market based on homopolymer pom, copolymer pom covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Saudi Arabia prioritizes healthcare spending, accounting for 60% of the Gulf Cooperation Council (GCC) nations' expenditures. This commitment is reflected in policies that encourage domestic production of medical devices, thereby boosting the local medical POM market.
The National Unified Company for Medical Supplies (NUPCO) is responsible for centralized government procurement of medical equipment and medical devices in Saudi Arabia. The Saudi Food and Drug Authority's introduction of a unified platform for medical application approvals further streamlines the process for new medical devices, enhancing market accessibility.
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Our clientele includes a mix of medical polyoxymethylene (pom) market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical polyoxymethylene (pom) market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical polyoxymethylene (pom) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical polyoxymethylene (pom) market size, by type, 2018-2030 (US$M)
Saudi Arabia Medical Polyoxymethylene (POM) Market Outlook Share, 2023 & 2030 (US$M)
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