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

Global Plastic Injection Molding for Medical Device Market Overview:

The Global Plastic Injection Molding for Medical Device Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.

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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 allows customization 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.

Medical device manufacturers have become a leading choice 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 offers medical devices at competitive prices.

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• Competitive benchmarking
• Market forecasts
• Company market shares
• Market opportunities
• Latest trends & dynamics

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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 containers, surgical consumables, and 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, 2014–2030

Rising 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