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How has the medical injection molding market grown over the years?

In recent years, the market size for medical injection molding has experienced significant growth. The market value is projected to increase from $25.48 billion in 2024 to $27.55 billion in 2025, marking a compound annual growth rate (CAGR) of 8.1%. This growth observed over the historic period can be accredited to the surge in telemedicine and remote patient monitoring, the heightened attention towards infection control, the escalating international healthcare sector, amplified healthcare spending, and an growth in the use of disposable medical devices.

What Is the forecasted market size and growth rate for the medical injection molding market?

The forecast for the medical injection molding market indicates a robust expansion in the upcoming years. The market size is projected to advance to $37.32 billion by 2029, with a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth are increasing demand for home healthcare devices, an intensified focus on patient safety, the burgeoning trend of tailored medicine, escalating demand for minor invasive surgeries, and growing occurrence of chronic diseases. Trends that will be prominent in the forecast period involve a shift towards eco-friendly and decomposable materials, expansion in wearable medical devices, a rise in the implementation of automation in manufacturing, evolution of micro and nano molding methods, and the incorporation of IoT in medical devices.

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What are the major factors driving growth in the medical injection molding market?

The medical injection molding market appears to be on an upward trend driven by the increasing need for medical equipment. Medical equipment, encompassing devices, implants, tools or machines used to identify, treat, monitor, or prevent health conditions, is seeing a surge in demand. This surge is a result of the growing incidence of chronic diseases, the expansion of healthcare infrastructure, and the need to update medical device infrastructure. Medical injection molding is a critical process that enables the precise and efficient creation of intricate components of medical devices necessary in various healthcare applications. It’s crucial for the production of top-notch, dependable parts that meet the stringent standards in the medical field. For instance, the International Trade Administration, a US government agency, reported that by January 2024, the total local production of medical devices in Australia rose from $1,856 million in 2021 to $2,049 million in 2022. Consequently, it’s clear to see how the growing demand for medical equipment is fuelling the medical injection molding market.

What key areas define the segmentation of the global 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

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What are the top market players propelling the growth of the medical injection molding industry?

Major companies operating in the medical injection molding market are Jabil Inc., Flex Ltd., Phillips-Medisize (Molex LLC), Gerresheimer AG, Viant Medical Inc., Dynacast International Inc., ENGEL Austria GmbH, Milacron, Nolato AB, Westfall Technik Inc., Biomerics, GW Plastics, Mack Group, Proto Labs, Indo-MIM, Cadence Inc., Baytech Plastics Inc., Majors Plastics Inc., Metro Mold & Design, C&J Industries, HTI Plastics, JunoPacific, Currier Plastics Inc., Harbec, The Rodon Group, All-Plastics, Bright Plastics, H&K Müller GmbH & Co. KG, D&M Plastics LLC, Donatelle Plastics, JG Plastics Group LLC

How are evolving market trends shaping medical injection molding Strategies?

Major firms in the medical injection molding industry are prioritizing the development of electric injection molding machines specifically intended for use in cleanroom settings. Such machines are capable of producing highly accurate and contamination-free medical components and devices that meet strict quality and cleanliness standards. In March 2024, for example, Shibaura Machine Company, a Japanese manufacturer of precision injection molding machines, machine tools, and die-casting machines, debuted the EC110SXIII machine. This machine integrates an all-electric design with plated platens, stainless steel protective measures, a raised platform for effortless cleaning, NFS H1-accredited lubrication grease, an extended ejector stroke, and a cleanroom-tailored design. These progressive technological features guarantee better cleanliness, accuracy, efficiency, longevity, and flexibility, while satisfying strict medical regulations, thus increasing its importance in the medical injection molding industry for making highly accurate and contamination-free medical components in controlled cleanroom surroundings.

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What regions are dominating the medical injection molding market growth?

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.

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