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What is the Predicted Annual Growth Rate of the Medical Injection Molding Market Over the Coming Decade?

The market size for medical injection molding has seen robust growth in the past few years. Its value is projected to increase from $25.48 billion in 2024 to $27.55 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.1%. The notable growth during the previous period can be credited to the surge in telemedicine and remote patient observation, heightened emphasis on infection control, the expansion of the worldwide healthcare sector, increased expenditure on healthcare, and a growing preference for disposable medical devices.

There is an anticipation for significant expansion in the medical injection molding market in the following years, with a prediction to reach $37.32 billion by 2029, growing at a compound annual growth rate of 7.9%. Factors contributing to this projected growth during the forecast period include an increased need for home healthcare devices, an intense focus on patient safety, a rising trend in personalized medicine, an uptick in demand for minimally invasive surgeries, and an increased prevalence of chronic illnesses. Key trends predicted for this period include a move towards sustainable and biodegradable materials, growth in wearable medical devices, a rise in the adoption of automated manufacturing, advancements in micro and nano molding techniques, and the incorporation of IoT into medical devices.

Which Factors Are Enhancing the Growth of the Medical Injection Molding Market?

The burgeoning need for medical equipment is forecasted to boost the medical injection molding market in the future. Medical equipment includes devices, tools, machines, or implants that are used in the healthcare sector for diagnoses, treatment, monitoring, or prevention of medical conditions. The increased focus on such equipment comes from the growing occurrence of chronic diseases, the growing healthcare infrastructure, and the pressing need for updates in medical devices infrastructure. Medical injection molding becomes an essential part of this process, enabling the production of intricate components of medical devices efficiently and accurately, serving various purposes in the healthcare sector. It provides an indispensable process in manufacturing high quality, reliable parts that adhere to strict medical standards. For example, in January 2024, the International Trade Administration, a US government agency, reported that local medical devices’ production size in Australia increased from $1,856 million in 2021 to $2,049 million in 2022. This signifies that the increasing need for medical equipment propels the medical injection molding market.

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What Are the Major Players Making an Impact in the Medical Injection Molding Market’s Growth?

Major companies operating in the medical injection molding market are:

• Jabil Inc._x000D_

• Flex Ltd._x000D_

• Phillips-Medisize (Molex LLC)_x000D_

• Gerresheimer AG_x000D_

• Viant Medical Inc._x000D_

Which Upcoming Trends Are Set to Influence the Medical Injection Molding Market’s Path Forward?

Leading firms in the medical injection molding market are prioritizing the development and production of electric injection molding machines specifically engineered for cleanroom conditions. These machines focus on the high-precision, no-contamination production of medical devices and components, adhering to strict hygiene and quality standards. Take Shibaura Machine Company, for example; a company based in Japan that specializes in precise injection molding machines, machine tools, and die-casting machines. In March 2024, they introduced the EC110SXIII machine, designed for the molding of various products. The all-electric design comprises plated platens, stainless steel protection, a heightened platform for straightforward cleaning, NFS H1-certified lubrication grease, an extended ejector stroke, and a cleanroom-specific configuration. These novel improvements guarantee superior cleanliness, exactitude, productivity, durability, and adaptability while meeting high medical standards. This heightens its relevance in the medical injection molding market for the production of no-contamination, exact medical components in controlled cleanroom conditions.

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What Major Market Segments Define the Scope and Growth of the Medical Injection Molding Market?

The medical injection molding market covered in this report is segmented –

1) By Product: Medical Equipment Components, Consumables, Patient Aids, Orthopedics Instruments, Dental Products

2) By Material: Plastic, Metal, Ceramic, Other Materials

3) By Classes: Class I, Class II, Class III

4) By Application: Medical Devices, Diagnostic Instruments, Surgical Instruments, Pharmaceutical Delivery

5) By End-User: Hospitals, Clinics, Diagnostic Centers, Pharmaceutical Companies

Subsegments:

1) By Medical Equipment Components: Surgical Instrument Handles, Catheters And Tubing Components, Infusion Sets And Syringe Components, Respiratory Device Components

2) By Consumables: Syringes And Needles, IV Components (IV Bags, Connectors), Disposable Gloves, Surgical Drapes And Covers, Wound Dressings And Bandages, Inhalers And Nebulizers, Surgical Masks And Face Shields

3) By Patient Aids: Hearing Aid Components, Prosthetic Parts And Components, Crutches And Wheelchair Parts, Stoma And Colostomy Bags, Bedpans And Medical Trays, Compression Garments, Blood Glucose Monitoring Devices

4) By Orthopedics Instruments: Bone Plates And Screws, Joint Replacement Components, Spinal Implants, Surgical Instruments For Orthopedic Procedures, Orthopedic Casting Components

5) By Dental Products: Dental Implants And Crowns, Dental Trays And Molds, Orthodontic Brackets And Components, Denture Components And Accessories, Endodontic Files And Instruments, Toothbrushes And Oral Care Devices

What Regions Are Steering Growth in the Medical Injection Molding Sector?

Asia-Pacific was the largest region in the medical injection molding market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the medical injection molding market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Can We Define the Medical Injection Molding Market and Its Key Components?

Medical injection molding is a manufacturing process used to produce precise, high-quality plastic components for medical devices and equipment by injecting molten plastic into a mold. It is utilized to create various medical products, such as syringes, surgical instruments, and implantable devices, ensuring consistency and sterility in mass production.

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