Medical Injection Molding Market
Medical Injection Molding Market Size, Share & Trends Analysis Report by Type (Plastics and Metals), by System (Hot Runner and Cold Runner), and by Products (Medical equipment components, Consumables, Patient Aids, Orthopedics Instruments, and Dental Products) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Medical injection molding market is anticipated to grow at a significant CAGR of 5.1% during the forecast period. The prominent factors that are contributing to the growth of the market include the increased demand for mass production of identical medical components. Owing to the increasing cases of the COVID-19 pandemic there were increased numbers of hospital visits and hospitalizations. These factors have propelled the demand for several devices in the emergency room such as MRI equipment, drug delivery systems, and surgical devices, among other devices used in hospitals. Hence, attributed to it the demand for the medical injection molding market is growing. Furthermore, prominent players are developing new technology products, starting new product plants, and adopting several strategies to expand their product portfolio. For instance, in August 2020, RICO Elastomere Projecting GmbH launched an automated production process and implement the use of handling systems, robots, and a sophisticated logistics system. The company also uses adjusted molds for volume production, and all processes are monitored via a digital control console system, which can be checked 24 hours a day.
Segmental Outlook
The global medical injection molding market is segmented based on the material, system, and products. On the basis of material, the market is segmented into free plastics and metals. Based on the system, the market is segmented into hot runners and cold runners. based on the products, the market is sub-segmented into medical equipment components, consumables, patient aids, orthopedics instruments, and dental products. Among the system segment cold runner is anticipated to witness the fastest growth due to it offering various benefits such as ease of maintenance and cost-effectiveness and is also used in wider application of all types of polymers. This system produces a wide variety of higher-quality parts, and also reduces initial investments in comparison to other systems. Thus attributed to such factors the segment is growing fastest during the forecast period.
Among the material, the plastic sub-segment is predicted to hold a prominent share in the market due to its wide approach to producing complex medical products. It also offers a wide range of solutions for high-volume packaging. Due to the growing advancements in injection molding and new technology development as well as less material use and low-weight plastics in the packaging industry, the segment is anticipated to grow considerably. Moreover, this process is used for rigid bulk packaging, and thin-wall packaging in several industrial sectors, which in turn creates a huge demand for the Medical Injection Molding market. For instance, in January 2021, SEA-LECT Plastics developed a new technology for plastic injection molding "new resin formulations" to support the latest innovations. The newly developed technology is enhancing injection molding by utilizing multiple materials to decrease the complexity of components, with improved chemical and thermal resistance.
Regional Outlooks
The global medical injection molding market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. North America is anticipated to hold a prominent share in the market due to the advanced and well-developed healthcare infrastructure in the region.
Global Medical Injection Molding Market Growth, by Region 2022-2028
The Asia-Pacific Region is Fastest Growing in the Global Medical Injection Molding Market
The region is anticipated to witness the fastest growth in the market due to the growing aging population coupled with urbanization, and developing healthcare infrastructure in countries such as India, China, and Japan among other countries. Moreover, there is an increase in demand for plastic injection molding in several end-user sectors including automotive, transportation, packaging, healthcare, and others. The companies operating in the market are focusing on new developments and launches to fulfill the increased demand by the end-user industry. For instance, in January 2020, FCS launched a new plant in India which is the 5th FCS production plant in Ahmadabad it started this plant owing to increased demand for plastic injection molding machines. Thus, owing to increasing investments by key players operating in the market are factors that are fulfilling the increased demand for plastic injection molding in the region.
Market Players Outlook
The major companies serving the global medical injection molding market are Bole Intelligent Machinery Co., Ltd, Haitian International Holdings Ltd., Husky Technologies, Milacron LLC, Nolato AB, Sumitomo Heavy Industries, Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in February 2022, Comar acquired Automatic Plastics Ltd., for the medical device and pharmaceutical sectors to supply its multinational customers and grow in European healthcare markets. The company collaboration enhances Comar's medical device and pharmaceutical packaging manufacturing expertise and the company will have 11 manufacturing facilities and over 1200 employees across the globe.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global medical injection molding market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Haitian International Holdings Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Husky Technologies.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Milacron LLC
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Nolato AB
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Medical Injection Molding Market by Material
4.1.1. Plastics
4.1.2. Metals
4.2. Global Medical Injection Molding Market by System
4.2.1. Hot Runner
4.2.2. Cold Runner
4.3. Global Medical Injection Molding Market by Products
4.3.1. Medical Equipment Components
4.3.2. Consumables
4.3.3. Patient Aids
4.3.4. Orthopedics Instruments
4.3.5. Dental Products
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. All-Plastics
6.2. AMS Micromedical, LLC
6.3. ARBURG GmbH + Co KG
6.4. Bole Intelligent Machinery Co., Ltd.
6.5. Central One, Inc’s
6.6. C&J Industries
6.7. Currier Plastics, Inc.
6.8. D&M Plastics, LLC
6.9. Engel Machinery India Pvt. Ltd.
6.10. EVCO Plastics
6.11. H&K Müller GmbH & Co. KG
6.12. Japan Steel Works, Ltd.
6.13. Majors Plastics
6.14. Metro Mold and Design, LLC
6.15. PCE, Inc.
6.16. Proto Labs, Inc.
6.17. Shibaura Machine Co.
6.18. Sumitomo Heavy Industries, Ltd.
6.19. Tessy Plastics
6.20. The Rodon Group
1. GLOBAL MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
2. GLOBAL MEDICAL INJECTION MOLDING OF PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MEDICAL INJECTION MOLDING OF METALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
5. GLOBAL HOT RUNNER MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL COLD RUNNER MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY PRODUCTS, 2021-2028 ($ MILLION)
8. GLOBAL MEDICAL EQUIPMENT COMPONENTS FOR INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CONSUMABLES FOR MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PATIENT AIDS MEDICAL FOR INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL ORTHOPEDICS INSTRUMENTS FOR MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL DENTAL PRODUCTS FOR MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. NORTH AMERICAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
16. NORTH AMERICAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
17. NORTH AMERICAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY PRODUCTS, 2021-2028 ($ MILLION)
18. EUROPEAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
20. EUROPEAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
21. EUROPEAN MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY PRODUCTS, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY PRODUCTS, 2021-2028 ($ MILLION)
26. REST OF THE WORLD MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
28. REST OF THE WORLD MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY SYSTEM, 2021-2028 ($ MILLION)
29. REST OF THE WORLD MEDICAL INJECTION MOLDING MARKET RESEARCH AND ANALYSIS BY PRODUCTS, 2021-2028 ($ MILLION)
1. GLOBAL MEDICAL INJECTION MOLDING MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
2. GLOBAL MEDICAL INJECTION MOLDING OF PLASTICS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL MEDICAL INJECTION MOLDING OF METALS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL MEDICAL INJECTION MOLDING MARKET SHARE BY SYSTEM, 2021 VS 2028 (%)
5. GLOBAL HOT RUNNER MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL COLD RUNNNER MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL MEDICAL INJECTION MOLDING MARKET SHARE BY PRODUCTS, 2021 VS 2028 (%)
8. GLOBAL MEDICAL EQUIPMENT COMPONENTS INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL CONSUMABLES MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL PATIENT AIDS MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL ORTHOPEDICS INSTRUMENTS MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL DENTAL PRODUCTS MEDICAL INJECTION MOLDING FOR MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL MEDICAL INJECTION MOLDING MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. US MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
15. CANADA MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
16. UK MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
17. FRANCE MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
18. GERMANY MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
19. ITALY MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
20. SPAIN MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
21. REST OF EUROPE MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
22. INDIA MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
23. CHINA MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
24. JAPAN MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
25. SOUTH KOREA MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF ASIA-PACIFIC MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF THE WORLD MEDICAL INJECTION MOLDING MARKET SIZE, 2021-2028 ($ MILLION)
