Global Plastic Injection Molding for Medical Device Market By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Surgical Consumables and Others), By End-User (Hospitals, Clinics, R & D) and By Region – Global Forecast 2030

Marketresearch.Biz announces publication of its most recently generated research report titled, “Global Plastic Injection Molding for Medical Device Market By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables, Others), By End-User (Hospitals, Clinics, R & D), and by Region and Country – Global Forecast to 2030”, which offers a holistic view of the global plastic injection molding for medical device market through systematic segmentation that covers every aspect of the target market.

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The Global Plastic Injection Molding for Medical Device Market is projected to be US$ 81,700.2 Mn in 2020 to reach US$ 1,36,167.0 Mn by 2028 at a CAGR of 6.5%.

Injection molding is the key process of manufacturing products and parts by injecting molten materials into molds. Injection molding process can mold parts and components using materials such as metals, elastomers, glass, thermoplastics, and thermosetting polymers. It is considered a multipurpose technique for manufacturing and offers numerous benefits to other methods. Injection molds are exposed to too high pressure, which reduce to bare bones related to the complex and intricate designs that otherwise will be expensive to manufacture using other techniques. Injection molding also imparts enhanced strength to products and also allows customization as per customer requirements. Plastic injection molding compromises of several advantages by using different types of plastic simultaneously with co-injection molding. Also, plastic injection molding is an automated process that involves minimal human intervention and effort, reducing labor costs.

The plastic injection molding process is utilized in various industry verticals such as consumer electronics, automotive, construction, consumer products, toys, packaging, medical. The automotive and pharmaceutical sector presents remarkable potential with regards to plastic injection molding processing capabilities. Injection molding has become a highly controlled process and sophisticated manufacturing method, and it allows manufacturers to produce small, complex, and multifunctional products with integrated features. It has become a leading choice among medical device manufacturers to make devices ranging from catheters to more complex components, products, and tools. Plastic injection molding also provides the advantage of mass production, reduces production costs, and enables offering medical devices at competitive prices.

Global Plastic Injection Molding for Medical Device Market Revenue (US$ Mn), 2020–2030 Global plastic injection molding for medical device market is segmented based on product type, end-user, and region/country. Based on product type, the market is segmented into drug delivery products, diagnostic drug test kits, package and container, surgical consumables, others. The drug delivery products segment is expected to register the highest CAGR, followed by the package and container segment іn thе glоbаl plastic injection molding for the medical device market. Based on the end-user, the market is segmented into hospitals, clinics, R & D. The hospital segment in the global plastic injection molding for the medical device market is estimated to account for a majority revenue share in 2020.

Global Plastic Injection Molding for Medical Device Market Attractiveness Analysis by Product Type, 2014–2030Rising healthcare expenditure and spending in both developing and developed economies are among the crucial factors anticipated to bolster the global plastic injection molding for the medical device market. Moreover, the growing global geriatric population, coupled with the prevalence of chronic diseases, is another factor expected to fuel market growth.

Increasing technological advancements in plastic injection molding techniques to ensure medical products are free from contamination and safer is also expected to drive the growth of the respective market

Fluctuating prices of the raw material such as plastics, owing to fluctuating crude oil prices, are expected to hinder the growth of the global plastic injection molding for the medical device market to a certain extent

The research report on the global plastic injection molding for medical device market includes profiles of some of the major companies such as Becton, Dickinson and Company, Teleflex Incorporated, B. Braun Melsungen AG, Terumo Corporation, Flex Ltd., Smiths Group plc., WEGO HOLDING COMPANY LIMITED, Phillips-Medisize Corporation, Nipro, Boston Scientific Corporation, QFC Plastics Inc, Shanghai Kindly Enterprise Development Group Co., Ltd., Spectrum Plastics Group, Inc, ICU Medical, Inc, Merit Medical Systems, Freudenberg & Co KG, and PCE, Inc.

Segmentation of the Global Plastic Injection Molding for Medical Device Market:

By Product Type

• Drug Delivery Products
• Diagnostic Drug Test Kits
• Package and Container
• Surgical Consumables
• Others

By End-User

• Hospitals
• Clinics
• R & D

By Regions:

• North America
• Europe
• APAC
• South America
• MEA

• Becton
• Dickinson and Company
• Teleflex Incorporated
• B. Braun Melsungen AG
• Terumo Corporation
• Flex Ltd.
• Smiths Group plc.
• WEGO HOLDING COMPANY LIMITED
• Phillips-Medisize Corporation
• Nipro
• Boston Scientific Corporation
• QFC Plastics Inc
• Shanghai Kindly Enterprise Development Group Co. Ltd.
• Spectrum Plastics Group Inc
• ICU Medical Inc
• Merit Medical Systems
• Freudenberg & Co KG
• PCE Inc.