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PUBLISHER: Grand View Research | PRODUCT CODE: 1433734
PUBLISHER: Grand View Research | PRODUCT CODE: 1433734
Medical Injection Molding Market Size, Share & Trends Analysis Report By System (Hot Runner, Cold Runner), By Material (Plastics, Metal), By Product (Patient Aids, Dental Products), By Region, And Segment Forecasts, 2024 - 2030
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Medical Injection Molding Market Growth & Trends:
The global medical injection molding market size is anticipated to reach USD 33.28 billion by 2030 and it is projected to grow at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the escalating demand for high-quality and precision-molded components in the healthcare industry. The increasing prevalence of chronic diseases, coupled with a rising aging population, has amplified the need for advanced medical devices and equipment, thereby boosting the demand for injection-molded products.
Stringent regulatory requirements for safety and efficacy in medical devices have led to a growing preference for materials with superior biocompatibility and sterilization capabilities, further propelling the adoption of injection molding in the medical sector. Moreover, advancements in technology, such as the development of specialized polymers and innovative molding techniques, contribute to the market's expansion by enabling the production of complex and customized medical components. As the medical field continues to evolve, the market is expected to witness sustained growth driven by these factors.
According to the National Center for Biotechnology Information, plastic meets the critical requirements for medical products, such as sterilization and chemical resistance. A large number of Chinese medical technology companies purchase injection molded products as well as molding tools from Europe. Companies associated with medical injection molded products need to follow ISO standards to ensure appropriate quality standards and adequate process management.
Plastics, including polyethylene, polyvinylchloride, polypropylene, and engineering plastics, are increasingly being utilized in the manufacturing of medical devices. The growth of the home healthcare sector on account of the low costs involved as compared to hospital care and intensive care has resulted in a rise in the demand for medical devices. Different types of medical tests conducted by hospitals for diagnosis have also contributed to the increasing demand for medical devices.
Medical Injection Molding Market Report Highlights:
- Based on product, the plastics material segment dominated the market with a 98.7% share in 2023. The demand for lightweight, cost-effective, and durable medical devices and components is steering the widespread adoption of plastics in the healthcare sector. Plastics, with their versatility and ability to meet stringent regulatory requirements, are increasingly becoming the material of choice for medical applications
- Metal injection molding, a process that combines traditional powder metallurgy and plastic injection molding, is increasingly utilized to produce complex, small-sized metal components for medical devices. One of the key drivers is the growing demand for high-precision, miniaturized components in medical applications, such as implants, surgical instruments, and dental prosthetics
- The adoption of hot runner systems in medical injection molding is driven by the pressing need for enhanced precision, reduced material waste, and improved production efficiency in the manufacturing of medical devices. Hot runner systems, which maintain a controlled temperature in the injection mold, allow for the precise and consistent injection of molten plastic into intricate medical molds, resulting in higher-quality components
- Medical injection molding plays a pivotal role in the production of various critical components used in medical equipment. This manufacturing process is widely employed to create intricate and precise parts for devices such as syringes, surgical instruments, diagnostic equipment, and drug delivery systems. The ability of injection molding to produce complex geometries with high repeatability and tight tolerances makes it indispensable in the medical industry, where the demand for reliability, biocompatibility, and regulatory compliance is paramount
- Asia Pacific dominated the market owing to the increasing demand for advanced healthcare solutions coupled with the region's rapidly expanding population
- In February 2022, Comar, a provider of medical device and packaging solutions, successfully acquired Automatic Plastics Ltd. This strategic acquisition aims to enhance Comar's standing in the pharmaceutical and medical sectors, positioning the company for increased strength and competitiveness in these industries
Product Code: GVR-3-68038-756-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Medical Injection Molding Market Variables, Trends, & Scope
- 3.1. Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material/Component Outlook
- 3.2.2. Manufacture Outlook
- 3.2.3. Distribution Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Medical Injection Molding Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.6.1. Porter's Analysis
- 3.7. Economic Mega Trend Analysis
Chapter 4. Medical Injection Molding Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Medical Injection Molding Market: Product Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Medical Equipment Components
- 4.3.1. Medical Equipment Components Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Consumables
- 4.4.1. Consumables Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Patient Aids
- 4.5.1. Patient Aids Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.6. Orthopedics Instruments
- 4.6.1. Orthopedics Instruments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.7. Dental Products
- 4.7.1. Dental Products Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Medical Injection Molding Market: System Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Medical Injection Molding Market: System Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Hot Runner
- 5.3.1. Hot Runner Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Cold Runner
- 5.4.1. Cold Runner Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Medical Injection Molding Market: Material Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Medical Injection Molding Market: Material Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Plastics
- 6.3.1. Plastics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Metal
- 6.4.1. Metal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.5. Others
- 6.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Medical Injection Molding Market: Region Estimates & Trend Analysis
- 7.1. Medical Injection Molding Market Share, By Region, 2023 & 2030, USD Billion
- 7.2. North America
- 7.2.1. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3. Canada
- 7.2.3.1. Canada Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Germany
- 7.3.2.1. Germany Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3. UK
- 7.3.3.1. UK Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.4. France
- 7.3.4.1. France Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5. Italy
- 7.3.5.1. Italy Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6. Spain
- 7.3.6.1. Spain Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. China
- 7.4.2.1. China Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3. India
- 7.4.3.1. India Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.4. Japan
- 7.4.4.1. Japan Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5. Australia
- 7.4.5.1. Australia Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6. South Korea
- 7.4.6.1. South Korea Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. UAE
- 7.6.2.1. UAE Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Medical Injection Molding Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis
- 8.5. Company Heat Map Analysis
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. C&J Industries
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Recent Developments
- 8.7.2. All-Plastics
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Recent Developments
- 8.7.3. Biomerics
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Recent Developments
- 8.7.4. HTI Plastics
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Recent Developments
- 8.7.5. The Rodon Group
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Recent Developments
- 8.7.6. EVCO Plastics
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Recent Developments
- 8.7.7. Majors Plastics, Inc.
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Recent Developments
- 8.7.8. Proto Labs, Inc.
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Recent Developments
- 8.7.9. Tessy Plastics
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Recent Developments
- 8.7.10. Currier Plastics, Inc.
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Recent Developments
- 8.7.11. Formplast GmbH
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Recent Developments
- 8.7.12. H&K Muller GmbH & Co. KG
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Recent Developments
- 8.7.13. Hehnke GmbH & Co KG
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Product Benchmarking
- 8.7.13.4. Recent Developments
- 8.7.14. TR Plast Group
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Product Benchmarking
- 8.7.14.4. Recent Developments
- 8.7.15. D&M Plastics, LLC
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Product Benchmarking
- 8.7.15.4. Recent Developments
- 8.7.1. C&J Industries
Product Code: GVR-3-68038-756-8
List of Tables
- Table 1 Medical Injection Molding market estimates and forecasts by product, 2018 - 2030 (USD Billion)
- Table 2 Medical Injection Molding market estimates and forecasts by system, 2018 - 2030 (USD Billion)
- Table 3 Medical Injection Molding market estimates and forecasts by material, 2018 - 2030 (USD Billion)
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 8 UK Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 10 Spain Macroeconomic Outlay
- Table 11 Italy Macroeconomic Outlay
- Table 12 China Macroeconomic Outlay
- Table 13 India Macroeconomic Outlay
- Table 14 Japan Macroeconomic Outlay
- Table 15 Australia Macroeconomic Outlay
- Table 16 South Korea Macroeconomic Outlay
- Table 17 Brazil Macroeconomic Outlay
- Table 18 Argentina Macroeconomic Outlay
- Table 19 UAE Macroeconomic Outlay
- Table 20 Saudi Arabia Macroeconomic Outlay
- Table 21 Recent Developments & Impact Analysis, By Key Market Participants
- Table 22 Company Heat Map Analysis, 2023
- Table 23 Key Companies: Mergers & Acquisitions
- Table 24 Key Companies: Product Launches
- Table 25 Key Companies: Expansions
List of Figures
- Fig. 1 Market Segmentation & Scope
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Market Segmentation & Scope
- Fig. 8 Segment Snapshot
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Medical Injection Molding Market Value, 2023 (USD Billion)
- Fig. 11 Medical Injection Molding Market - Value Chain Analysis
- Fig. 12 Medical Injection Molding Market - Market Dynamics
- Fig. 13 Medical Injection Molding Market - PORTER's Analysis
- Fig. 14 Medical Injection Molding Market - PESTEL Analysis
- Fig. 15 Medical Injection Molding Market Estimates & Forecasts, By Product: Key Takeaways
- Fig. 16 Medical Injection Molding Market Share, By Product, 2023 & 2030
- Fig. 17 Medical Equipment Components Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 18 Consumables Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 19 Patient Aids Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 20 Orthopedics Instruments Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 21 Dental Products Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 22 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 23 Medical Injection Molding Market Estimates & Forecasts, By System: Key Takeaways
- Fig. 24 Medical Injection Molding Market Share, By System, 2023 & 2030
- Fig. 25 Hot Runner Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 26 Cold Runner Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 27 Medical Injection Molding Market Estimates & Forecasts, By System: Key Takeaways
- Fig. 28 Medical Injection Molding Market Share, By System, 2023 & 2030
- Fig. 29 Plastics Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 30 Metal Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 31 Others Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 32 U.S. Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 33 Canada Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 34 Mexico Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 35 Germany Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 36 France Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 37 UK Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 38 Italy Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 39 Spain Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 40 China Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 41 India Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 42 Japan Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 43 South Korea Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 44 Australia Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 45 Brazil Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 46 Argentina Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 47 UAE Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 48 Saudi Arabia Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- Fig. 49 Key Company Categorization
- Fig. 50 Company Market Positioning
- Fig. 51 Key Company Market Share Analysis, 2023
- Fig. 52 Strategy Mapping
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