PUBLISHER: Grand View Research | PRODUCT CODE: 1511847
PUBLISHER: Grand View Research | PRODUCT CODE: 1511847
The Asia Pacific medical injection molding market size is anticipated to reach USD 14.5 billion by 2030, expanding at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing unprecedented growth, driven by the surge in demand for medical equipment due to increasing number of chronic devices and several others.
An important factor driving the market is the continuous trend toward downsizing and the rising demand for complex, intricate patterns in medical devices. Medical injection molding facilitates the accurate production of minute, detailed components essential for the efficacy and effectiveness of recent medical equipment. The capacity to manufacture precise parts with narrow tolerances renders medical injection molding a prime option for fulfilling the rigorous standards of the healthcare sector.
Moreover, the adaptability of plastic materials employed in injection molding significantly contributes to its extensive medical use. The accessibility of medical plastics boasting sterilization capabilities, exceptional biocompatibility, and chemical resistance ensures that the final products conform to the strict safety and regulatory criteria enforced by health authorities.