The global medical injection molding market size is expected to reach USD 33.28 billion by 2030, registering a CAGR of 5.7%. The global industry is primarily driven by the increased adoption of plastics in several healthcare products, coupled with rapid technological advancements in the medical sector. With the advent of the COVID-19 pandemic, the injection molding industry has witnessed an uptick, particularly in the medical field, where it can provide accuracy, a wide range of operations, repeatability, and cleanliness. In addition, it provides cost-effective and efficient ways for producing high-volume parts and products.
In recent years, the industry for medical injection molding has seen a boom with regard to the manufacturing processes of complicated healthcare products. Players are incorporating Industry 4.0 into their processes to optimize their raw material requirements, reduce costs, and increase automation, flexibility, & efficiency, among other things.
The key factors influencing the demand for medical products include availability, awareness, affordability, and adaptability. Increasing demand for better healthcare facilities coupled with the ongoing COVID-19 pandemic has boosted the growth of medical devices manufactured with the help of injection molding machines, thereby augmenting industry growth. Medical injection molding has seen a growth in popularity in the last few years as a manufacturing process for generating complex net form medical devices. It lowers the cost of production and repetition, reducing the number of raw materials needed to develop medical items.
Companies that provide injection molding services are working to acquire the most up-to-date technologies, in order to fulfill the changing demands of the medical industry and expand their manufacturing capacity. For example, in March 2022, Beacon MedTech Solutions increased its medial injection molding capacity with the installation of the SE-EV-A series Sumitomo (SHI) Demag machines.
In recent years, the industry for medical injection molding has seen a boom with regard to the manufacturing processes of complicated healthcare products. Players are incorporating Industry 4.0 into their processes to optimize their raw material requirements, reduce costs, and increase automation, flexibility, & efficiency, among other things.
The key factors influencing the demand for medical products include availability, awareness, affordability, and adaptability. Increasing demand for better healthcare facilities coupled with the ongoing COVID-19 pandemic has boosted the growth of medical devices manufactured with the help of injection molding machines, thereby augmenting industry growth. Medical injection molding has seen a growth in popularity in the last few years as a manufacturing process for generating complex net form medical devices. It lowers the cost of production and repetition, reducing the number of raw materials needed to develop medical items.
Companies that provide injection molding services are working to acquire the most up-to-date technologies, in order to fulfill the changing demands of the medical industry and expand their manufacturing capacity. For example, in March 2022, Beacon MedTech Solutions increased its medial injection molding capacity with the installation of the SE-EV-A series Sumitomo (SHI) Demag machines.
Medical Injection Molding Market Report Highlights
- Plastic accounted for 98.73% of the global revenue share in 2021, owing to its high flexibility, cleanliness, high tensile strength, metal tolerance, & temperature resistance among other factors, making it ideal for the medical injection molding process
- Asia Pacific accounted for around 40.6% of the global revenue share in 2021, owing to the developing healthcare infrastructure such as hospitals, increasing research & development in the medical devices sector, and the easy availability of skilled labor
- The demand for hot runner systems is expected to witness a CAGR of 5.9% from 2021 to 2030, owing to its faster cycle times, elimination of the need for robotics, and increased efficiency as compared to cold runner systems
- In February 2022, Automatic Plastics Ltd. was acquired by Comar, a medical device and packaging solution provider. The company hopes to strengthen its position in the pharmaceutical and medical industries as a result of this acquisition
- In September 2020, HTI Plastics purchased two new Krauss Maffei injection molding machines. This investment helped the company by providing additional capacity and enhanced capabilities
Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Medical Injection Molding Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Raw Material Outlook
3.4.2. Manufacturing & Technology Trends
3.5. Regulatory Framework
3.6. Medical Injection Molding Market - Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Opportunity Analysis
3.7. Industry Analysis Tools: Medical Injection Molding Market
3.7.1. Porter’s Five Forces Analysis
3.7.2. Macroeconomic Analysis
3.8. Economic Mega-Trend Analysis
Chapter 4. Medical Injection Molding Market: Product Estimates & Trend Analysis
4.1. Medical Injection Molding Market: Product Outlook
4.2. Medical Injection Molding Market: Product Movement Analysis, 2022 & 2030
4.3. Medical Equipment Components
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Consumables
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5. Patient Aids
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.6. Orthopedics Instruments
4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.7. Dental Products
4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.8. Others
4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Medical Injection Molding Market: System Estimates & Trend Analysis
5.1. Medical Injection Molding Market: System Outlook
5.2. Medical Injection Molding Market: System Movement Analysis, 2022 & 2030
5.3. Hot Runner
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Cold Runner
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Medical Injection Molding Market: Material Estimates & Trend Analysis
6.1. Medical Injection Molding Market: Material Outlook
6.2. Medical Injection Molding Market: Material Movement Analysis, 2022 & 2030
6.3. Plastics
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4. Metals
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5. Others
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Medical Injection Molding Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. Macroeconomic Outlook
7.2.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Macroeconomic Outlook
7.2.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.2.4. Mexico
7.2.4.1. Macroeconomic Outlook
7.2.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.2. Germany
7.3.2.1. Macroeconomic Outlook
7.3.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.3. France
7.3.3.1. Macroeconomic Outlook
7.3.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.4. Italy
7.3.4.1. Macroeconomic Outlook
7.3.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.5. Spain
7.3.5.1. Macroeconomic Outlook
7.3.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.3.6. U.K.
7.3.6.1. Macroeconomic Outlook
7.3.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.2. China
7.4.2.1. Macroeconomic Outlook
7.4.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.3. India
7.4.3.1. Macroeconomic Outlook
7.4.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.4. Japan
7.4.4.1. Macroeconomic Outlook
7.4.4.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. Macroeconomic Outlook
7.4.5.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.6. Australia
7.4.6.1. Macroeconomic Outlook
7.4.6.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Macroeconomic Outlook
7.5.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.5.3. Argentina
7.5.3.1. Macroeconomic Outlook
7.5.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.2. Saudi Arabia
7.6.2.1. Macroeconomic Outlook
7.6.2.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.6.3. UAE
7.6.3.1. Macroeconomic Outlook
7.6.3.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Medical Injection Molding Market: Competitive Analysis
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Overview
8.5. Product Benchmarking
8.6. Company Market Positioning
8.7. Company Market Share Analysis
8.8. Company Heat Map Analysis
8.9. Strategy Mapping
Chapter 9. Company Profiles
9.1. C&J INDUSTRIES
9.2. All-Plastics
9.3. Biomerics
9.4. HTI Plastics
9.5. The Rodon Group
9.6. EVCO Plastics
9.7. Majors Plastics, Inc
9.8. Proto Labs, Inc
9.9. Tessy Plastics
9.10. Currier Plastics, Inc
9.11. Formplast GmbH
9.12. H&K Müller GmbH & Co. KG
9.13. Hehnke GmbH & Co KG
9.14. TR PLAST GROUP
9.15. D&M Plastics, LLC
List of Tables
Table 1 Medical injection molding market estimates and forecasts, by material, 2018 - 2030 (USD Million)
Table 2 Medical injection molding market estimates and forecasts, by system, 2018 - 2030 (USD Million)
Table 3 Medical injection molding market estimates and forecasts, by product, 2018 - 2030 (USD Million)
Table 4 US Macroeconomic Outlook
Table 5 Canada Macroeconomic Outlook
Table 6 Mexico Macroeconomic Outlook
Table 7 Germany Macroeconomic Outlook
Table 8 UK Macroeconomic Outlook
Table 9 France Macroeconomic Outlook
Table 10 Italy Macroeconomic Outlook
Table 11 Spain Macroeconomic Outlook
Table 12 China Macroeconomic Outlook
Table 13 India Macroeconomic Outlook
Table 14 Japan Macroeconomic Outlook
Table 15 Australia Macroeconomic Outlook
Table 16 South Korea Macroeconomic Outlook
Table 17 Brazil Macroeconomic Outlook
Table 18 Argentina Macroeconomic Outlook
Table 19 Saudi Arabia Macroeconomic Outlook
Table 20 UAE Macroeconomic Outlook
Table 21 Recent Developments & Impact Analysis, By Key Market Participants
Table 22 Company Market Share, 2022
Table 23 Company Heat Map Analysis, 2022
Table 24 Key Companies undergoing expansion
Table 25 Key Companies involved in mergers & acquisition
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 Segment Snapshot
Fig. 8 Competitive Landscape Snapshot
Fig. 9 Penetration and Growth Prospect Mapping
Fig. 10 Value Chain Analysis
Fig. 11 Market Dynamics
Fig. 12 Medical Injection Molding Market PORTER’s Analysis
Fig. 13 Medical Injection Molding Market PESTEL Analysis
Fig. 14 Medical Injection Molding Market, By Material: Key Takeaways
Fig. 15 Medical Injection Molding Market: Material Movement Analysis & Market Share, 2022 & 2030
Fig. 16 Plastics market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 17 Metal market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Medical Injection Molding Market, By System: Key Takeaways
Fig. 20 Medical Injection Molding Market: System Movement Analysis & Market Share, 2022 & 2030
Fig. 21 Hot Runner market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 22 Cold Runner market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 23 Medical Injection Molding Market, By Product: Key Takeaways
Fig. 24 Medical Injection Molding Market: Product Movement Analysis & Market Share, 2022 & 2030
Fig. 25 Medical equipment components market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 26 Consumables market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 27 Patient Aids market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 28 Orthopedics Instruments market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 29 Dental Products market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 30 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Companies Mentioned
- C&J Industries
- All-Plastics
- Biomerics
- Hti Plastics
- the Rodon Group
- Evco Plastics
- Majors Plastics, Inc
- Proto Labs, Inc
- Tessy Plastics
- Currier Plastics, Inc
- Formplast GmbH
- H&K Müller GmbH & Co. Kg
- Hehnke GmbH & Co Kg
- Tr Plast Group
- D&M Plastics, LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 21.37 Billion |
| Forecasted Market Value ( USD | $ 33.28 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
