Market Overview:

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).

Key Market Segmentation:

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.

Breakup by System:

• Hot Runner
• Cold Runner
   

Breakup by Class:

• Class I
• Class II
• Class III
   

Breakup by Material:

• Plastic
• Metal
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

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.

Key Questions Answered in This Report:

• How has the global medical injection molding market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global medical injection molding market?
• What are the key regional markets?
• What is the breakup of the market based on the system?
• What is the breakup of the market based on the class?
• What is the breakup of the market based on the material?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global medical injection molding market and who are the key players?
• What is the degree of competition in the industry?