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The global medical injection molding market exhibited moderate growth during 2015-2020. Medical injection molding is a cost-efficient method of manufacturing different components and devices using durable and reliable materials. It is commonly utilized for manufacturing emergency room instruments, wearable medical devices, surgical implants, and drug delivery systems. As it offers high tensile strength, metal tolerance, and temperature resistance, it is also used in medical device prototype development, as well as laboratory testing, around the world.
A significant rise in the demand for medical-grade plastics in electronic devices represents one of the leading factors positively influencing the need for the medical injection molding process to enhance versatility, improve ergonomics, reduce weight, increase functionality, lower cost, and eliminate the requirement for product sterilization. It is also utilized in the production of delivery devices for stents, implants, and sutures. Additionally, several manufacturers are offering assembly services of different subcomponents in large, complicated medical devices. They are also manufacturing moldings that include non-plastic components or mechanisms, such as enclosures, knobs, needles, surgical blades, tubes, prosthetics, and dental instruments. Moreover, the introduction of state-of-the-art vertical medical molding facilities is contributing to the market growth as they are resistant to chemicals and heat. Apart from this, the increasing number of individuals suffering from chronic diseases, in confluence with the growing geriatric population and the rising popularity of home healthcare services, is anticipated to provide lucrative opportunities to manufacturers for expanding their market reach and strengthening the growth of the market. Looking forward, IMARC Group expects the global medical injection molding market to grow at a CAGR of around 6% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global medical injection molding market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, system, class and material.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being AMS Micromedical LLC, Arburg GmbH + Co KG, Bright Plastics, C&J Industries, Currier Plastics Inc., ENGEL Austria GmbH, Harbec, HTI Plastics (Pce Inc.), Molded Rubber & Plastic Corporation, Metro Mold & Design, Milacron (Hillenbrand Inc.) and Proto Labs Inc.
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