The global medical injection molding market size reached US$ 23.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
Market Size in 2023
|US$ 23.3 Billion
Market Forecast in 2032
|US$ 34.1 Billion
|Market Growth Rate 2024-2032
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.
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 at the global, regional and country level from 2024-2032. Our report has categorized the market based on system, class and material.
Breakup by System:
Breakup by Class:
- Class I
- Class II
- Class III
Breakup by Material:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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.
|Base Year of the Analysis
Scope of the Report
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Hot Runner, Cold Runner
||Class I, Class II, Class III
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
|| 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.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
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?