Global Medical Injection Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Medical Injection Molding Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Injection molding is a process that lends itself to the production of high-precision complex components for healthcare and medical applications, especially when part-to-part integrity is required over high volumes.

Market Overview:

The latest research study on the global Medical Injection Molding market finds that the global Medical Injection Molding market reached a value of USD 1604.27 million in 2022. It’s expected that the market will achieve USD 2227.18 million by 2028, exhibiting a CAGR of 5.62% during the forecast period.

Technological Development

Injection molding processes continue to evolve. At the design stage, rapid prototyping allows molders to create physical prototypes to verify form, fit and function before finalizing the mold design. Advancements in mold simulation software give molders a detailed look into mold filling and helps to identify issues early in the design phase.
Advancements in control technologies improve repeatability and gives better control over process variables, which translates into precise molding of even the most intricate parts. Together these molding technology advancements shorten product development time, reduce development costs and open the door to a range of new applications.

The investment cost of the industry is high

The development of Medical Injection Molding needs larger investment in fixed assets. On one hand, at the root of any successful injection molded component is the tool. On the other hand, the biggest con with injection molding is perhaps that in line with the complexity of the finished product, developing a tool-grade steel mold, hot- or cold-runner blocks, and related process automation equipment can be expensive and this cost must be considered in any fabrication program. The high investment cost limits the development of Medical Injection Molding.

Region Overview:

In 2021, the share of the Medical Injection Molding market in North America stood at 35.28%.

Company Overview:

BD is one of the major players operating in the Medical Injection Molding market, holding a share of 8.52% in 2021.

BD

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 65,000 employees have a passion and commitment to help improve patient outcomes, improve the safety and efficiency of clinicians care delivery process, enable laboratory scientists to better diagnose disease and advance researchers capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care.

B. Braun

B. Braun supplies healthcare products and services. The Company offers product range for intensive care units, anesthesia, emergency care, extra corporeal blood treatments, and surgical core procedures. B. Braun Melsungen caters to different medical fields like hospital, surgery, and private practice.

Segmentation Overview:

By type, Package and Container segment accounted for the largest share of market in 2021.

Drug Delivery Products

Drug delivery products are specialized tools for the delivery of a drug or therapeutic agent via a specific route of administration. Such devices are used as part of one or more medical treatments.

Diagnostic Drug Test Kits

Diagnostic Drug Test Kits are used to measure the presence and concentration of various drugs in blood and urine.

Package and Container

Polypropylene, polystyrene, polyvinyl chloride, polyethylene and other materials can be made into plastic containers and drug packaging by injection molding.

Surgical Consumables

Medical consumables and equipment includes syringes, needles, sutures, staples, packaging, tubing, catheters, medical gloves, gowns, masks, adhesives and sealants for wound dressing and a whole host of other devices and tools used with a hospital or surgical environment.

Application Overview:

The market's largest segment by application is the segment Hospitals, with a market share of 67.69% in 2021.

Key Companies in the global Medical Injection Molding market covered in Chapter 3:

JunoPacific Inc.
Merit Medical
Spectrum Plastics Group
SMC Plastics Ltd.
Phillips Medisize
ICU Medical
Proto Labs, Inc.
QFC Plastics
Wego
C&J Industries
BD
Flextronics
Boston Scientific
HTI Plastics
Terumo
B. Braun
Nipro
Electroplast
Freudenberg
Teleflex

In Chapter 4 and Chapter 14.2, on the basis of types, the Medical Injection Molding market from 2018 to 2029 is primarily split into:

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

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medical Injection Molding market from 2018 to 2029 covers:

Hospitals
Clinics
R & D

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)