@gerasimos no, but there are no powered electrical components (passive NFC antenna), and I imagine no air due to the moulding, so no compression/decompression stressing the plastic. Just a lump of relatively incompressible solids.
My bigger concern would be it not being a diving strap, is it big enough to go over a wetsuit? And as others have raised about the Ocean’s strap, if one of the strap retention pins fails, the whole watch falls off.