Global Plastic Injection Molding Market Growth 2023-2029

Global Plastic Injection Molding Market Growth 2023-2029

Plastic injection molding is an extremely versatile method of mass production, and it has numerous benefits that make it an invaluable tool for creating working prototypes at scale. For the medical industry, the range of benefits for plastic injection molding are far-reaching.

In today’s day and age, medical technology is advancing at an enormous rate. With this rapid increase comes a need for companies to match this rapid growth in complexity of design as well. With these advances have come intricately designed machines and tools such as pacemakers, imaging machines, and surgical tools, all of which need prototypes for testing and monitoring. Due to the extremely high pressure used in the process, plastic injection molding allows for a large amount of detail within the cast.

Once the designs and injection mold model are created and the presses are pre-programmed, the actual process of plastic injection molding is faster than other methods. With a high production output rate, ability to craft complex designs, and an ease of creation of the initial mold, plastic injection molding is a wonderfully efficient manufacturing option that can help us pave the way to the future of medical technology.

LPI (LP Information)' newest research report, the “Plastic Injection Molding Industry Forecast” looks at past sales and reviews total world Plastic Injection Molding sales in 2022, providing a comprehensive analysis by region and market sector of projected Plastic Injection Molding sales for 2023 through 2029. With Plastic Injection Molding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Injection Molding industry.

This Insight Report provides a comprehensive analysis of the global Plastic Injection Molding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plastic Injection Molding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Injection Molding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Injection Molding and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic Injection Molding.

The global Plastic Injection Molding market size is projected to grow from US$ 32270 million in 2022 to US$ 43200 million in 2029; it is expected to grow at a CAGR of 43200 from 2023 to 2029.

BD, Teleflex, BBRAUN, Terumo and Edwards are the top 5 players of Plastic Injection Molding, with about 23% market shares.

North America is the largest market of plastic molding for medical device currently, with a revenue market share of 40%. The second place is Europe, following North America with the revenue market share of 21%. Asia Pacific is the third largest market of plastic molding for medical device.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Injection Molding market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Drug Delivery Products
Diagnostic Drug Test Kits
Package and Container
Surgical Consumables
Others

Segmentation by application
Hospitals
Clinics
R & D

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BD
Teleflex
BBRAUN
Terumo
Edwards
C. R. Bard
Flextronics
Smith's Medical
Wego
Phillips Medisize
Nipro
ICU
Boston Scientific
SMC Plastics Ltd.
C&J Industries
Eastek International
Kindly
Merit Medical
JunoPacific Inc.
Freudenberg
QFC Plastics
PCE Inc
Spectrum Plastics Group, Inc
Electroplast

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plastic Injection Molding market?

What factors are driving Plastic Injection Molding market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plastic Injection Molding market opportunities vary by end market size?

How does Plastic Injection Molding break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.