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

Global Plastic Injection Molding for Medical Device Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 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. The medical products include point of care diagnostics, microfluidics, and pharmaceutical drug delivery applications.

Market Overview:

The latest research study on the global Plastic Injection Molding for Medical Device market finds that the global Plastic Injection Molding for Medical Device market reached a value of USD 32505.19 million in 2022. It’s expected that the market will achieve USD 42500.63 million by 2028, exhibiting a CAGR of 4.57% during the forecast period.

Market Opportunities and Drivers

Plastic has become an important material for medical equipment and products due to its unique properties such as strong corrosion resistance, durability, water resistance, light weight and flexibility, and low cost. PETG is a special plastic with excellent moisture and air barrier properties and high transparency, so it becomes an ideal material for medical equipment packaging. PEEK has strong corrosion resistance, hydrolysis resistance, and chemical resistance, especially inert to body fluids. It can be applied to some implantable medical appliances that relieve the pain of patients, such as gastrointestinal stents and implantable body fluid pumps, eliminating traditional The pain caused by puncture to the patient; and medical grade polycarbonate meets the advantages of biocompatibility, strong corrosion resistance and not easily broken, and is the first choice for the shell material of the capsule endoscope. The superior performance of raw materials plays an important driving role in the manufacturing industry of Plastic Injection Molding for Medical Device.

Market Challenges

and Risks
Most of the small and medium-sized plastic injection molding for Medical Device manufacturing companies or a large number of new entrants have a relatively backward infrastructure and lack advanced production and processing equipment. Improving the overall level of the design and manufacturing of special plastic machinery and molds for medical product processing is to accelerate the development of the industry The key is. Quite a lot of products have not formed the output of economic scale, it is not only difficult to form competitive advantage, but also difficult to improve profitability, which will limit the development of the players even the whole industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview:

BD, Nipro, Teleflex, B. Braun, Flextronics and Boston Scientific are the five key players in the global PLASTIC INJECTION MOLDING FOR MEDICAL DEVICE market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Plastic Injection Molding for Medical Device market in the past 5 years.

Becton, Dickinson and Company 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.

Nipro manufactures, develops and markets pharmaceuticals, medical equipment and functional materials (including glass, rubber and plastic). The companys products include renal products, interventional and anesthesiology products, injection and infusion products, cardiopulmonary products, double bags, pre-filled syringes, half-type kits among others. It offers contract manufacturing services of injection, oral and external use drug formulations. Nipro also provides glass molding vials, ampoules, syringes, and cartridges; glass tubes for pharmaceuticals; glass forming machinery; other parts of pharmaceutical packaging including rubber plugs; and glass bulbs for vacuum flasks.

Segmentation Overview:

Among different product types, Surgical Equipment and Components segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Surgical segment occupied the biggest share from 2017 to 2022.

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

Phillips Medisize
Freudenberg
Nipro
Spectrum Plastics Group, Inc
Terumo
Flextronics
Kindly
Boston Scientific
BD
Wego
ICU Medical
SMC Plastics Ltd.
B. Braun
Edwards
Teleflex
JunoPacific Inc.

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

Implantable Components
Package and Container
Housings and Casings for Medical Equipment
Surgical Equipment and Components
Drug Delivery Equipment and Components
Injection Devices
Others

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

Surgical
Clinics
Oncology

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)