Medical Injection Molding Market Trends/Analysis Report 2023: A Global $33.28 Billion Market by 2030 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Injection Molding Market Size, Share & Trends Analysis Report By System (Hot Runner, Cold Runner), By Material (Plastics, Metal), By Product (Dental Products, Patient Aids), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global medical injection molding market size is expected to reach USD 33.28 billion by 2030, registering a CAGR of 5.7%

The global industry is primarily driven by the increased adoption of plastics in several healthcare products, coupled with rapid technological advancements in the medical sector.

With the advent of the COVID-19 pandemic, the injection molding industry has witnessed an uptick, particularly in the medical field, where it can provide accuracy, a wide range of operations, repeatability, and cleanliness. In addition, it provides cost-effective and efficient ways for producing high-volume parts and products.

In recent years, the industry for medical injection molding has seen a boom with regard to the manufacturing processes of complicated healthcare products. Players are incorporating Industry 4.0 into their processes to optimize their raw material requirements, reduce costs, and increase automation, flexibility, & efficiency, among other things.

The key factors influencing the demand for medical products include availability, awareness, affordability, and adaptability. Increasing demand for better healthcare facilities coupled with the ongoing COVID-19 pandemic has boosted the growth of medical devices manufactured with the help of injection molding machines, thereby augmenting industry growth.

Medical injection molding has seen a growth in popularity in the last few years as a manufacturing process for generating complex net form medical devices. It lowers the cost of production and repetition, reducing the number of raw materials needed to develop medical items.

Companies that provide injection molding services are working to acquire the most up-to-date technologies, in order to fulfill the changing demands of the medical industry and expand their manufacturing capacity. For example, in March 2022, Beacon MedTech Solutions increased its medial injection molding capacity with the installation of the SE-EV-A series Sumitomo (SHI) Demag machines.

Medical Injection Molding Market Report Highlights

• Plastic accounted for 98.73% of the global revenue share in 2021, owing to its high flexibility, cleanliness, high tensile strength, metal tolerance, & temperature resistance among other factors, making it ideal for the medical injection molding process
• Asia Pacific accounted for around 40.6% of the global revenue share in 2021, owing to the developing healthcare infrastructure such as hospitals, increasing research & development in the medical devices sector, and the easy availability of skilled labor
• The demand for hot runner systems is expected to witness a CAGR of 5.9% from 2021 to 2030, owing to its faster cycle times, elimination of the need for robotics, and increased efficiency as compared to cold runner systems
• In February 2022, Automatic Plastics Ltd. was acquired by Comar, a medical device and packaging solution provider. The company hopes to strengthen its position in the pharmaceutical and medical industries as a result of this acquisition

Company Profiles

• C&J Industries
• All-Plastics
• Biomerics
• Hti Plastics
• the Rodon Group
• Evco Plastics
• Majors Plastics, Inc
• Proto Labs, Inc
• Tessy Plastics
• Currier Plastics, Inc
• Formplast GmbH
• H&K Muller GmbH & Co. Kg
• Hehnke GmbH & Co Kg
• Tr Plast Group
• D&M Plastics, LLC

Key Topics Covered:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Competitive Insights

Chapter 3. Medical Injection Molding Market Variables, Trends, & Scope

3.1. Market Lineage Outlook

3.2. Market Segmentation & Scope

3.3. Penetration & Growth Prospect Mapping

3.4. Industry Value Chain Analysis

3.4.1. Raw Material Outlook

3.4.2. Manufacturing & Technology Trends

3.5. Regulatory Framework

3.6. Medical Injection Molding Market - Market dynamics

3.7. Industry Analysis Tools: Medical Injection Molding Market

3.8. Economic Mega-Trend Analysis

Chapter 4. Medical Injection Molding Market: Product Estimates & Trend Analysis

4.1. Medical Injection Molding Market: Product Outlook

4.2. Medical Injection Molding Market: Product Movement Analysis, 2022 & 2030

4.3. Medical Equipment Components

4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

4.4. Consumables

4.5. Patient Aids

4.6. Orthopedics Instruments

4.7. Dental Products

4.8. Others

Chapter 5. Medical Injection Molding Market: System Estimates & Trend Analysis

5.1. Medical Injection Molding Market: System Outlook

5.2. Medical Injection Molding Market: System Movement Analysis, 2022 & 2030

5.3. Hot Runner

5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

5.4. Cold Runner

Chapter 6. Medical Injection Molding Market: Material Estimates & Trend Analysis

6.1. Medical Injection Molding Market: Material Outlook

6.2. Medical Injection Molding Market: Material Movement Analysis, 2022 & 2030

6.3. Plastics

6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)

6.4. Metals

6.5. Others

Chapter 7. Medical Injection Molding Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2022 & 2030

7.2. North America

7.3. Europe

7.4. Asia Pacific

7.5. Central & South America

7.6. Middle East & Africa

Chapter 8. Medical Injection Molding Market: Competitive Analysis

8.1. Recent Developments & Impact Analysis, By Key Market Participants

8.2. Company Categorization

8.3. Participant's Overview

8.4. Financial Overview

8.5. Product Benchmarking

8.6. Company Market Positioning

8.7. Company Market Share Analysis

8.8. Company Heat Map Analysis

8.9. Strategy Mapping

For more information about this report visit https://www.researchandmarkets.com/r/7hc91z

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900