Medical Injection Molding Market to 2026 : Increasing Volume of Medical Devices With Key Players C&J Industries, HTI Plastics, AMS Micromedical, LLC, Currier Plastics Inc, Proto Labs, MRPC, Metro Mold & Design

Global Medical Injection Molding Market report discusses about significant industry trends, estimations of market size and market share. The company profiles of all the top players and brands that are leading the Medical Injection Molding Market with moves like product launches, joint ventures, mergers and acquisitions which in turn is affecting the sales, import, export, revenue and CAGR values are revealed in this market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken into account while studying market and preparing this report. The Medical Injection Molding Market research report also puts light on the various inhibitors and motivators of the product market in both quantitative and qualitative approach so that users get accurate information.

Global medical injection molding market is expected to rise to an estimated value of USD 1.85 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026.

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Key Developments in the Market:

In May 2019, Westfall Technik, Inc. announced that they had acquired Delta Pacific Products along with it's subsidiaries. This acquisition will ensure that Westfall Technik can undergo high levels of growth and expand its expertise for medical devices and healthcare industry applications. This will also expand the geographical presence and footprint of the company as they will be able to enhance their customer base from these regions

In March 2016, MRPC announced that they had acquired Johnson Precision. This acquisition will result in significant enhancement of technologies and services for MRPC as they will attain molding capabilities and tooling, along with attaining a Class 8 clean room in their assets. This acquisition is part of the company's growth strategy which can help them develop enhanced levels of customers and expand their presence worldwide

Competitive Analysis:

Global medical injection molding market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of medical injection molding market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

C&J Industries;
HTI Plastics;
AMS Micromedical, LLC;
Currier Plastics Inc;
Proto Labs;
MRPC;
Metro Mold & Design;
HARBEC;
Milacron;
ENGEL AUSTRIA GmbH;
NINGBO WELLMEDLAB CO.,LTD;
Bright Plastics;
JG Plastics Group LLC;
Stack Plastics;
Indo-MIM;
JunoPacific, Inc.;
Gerresheimer AG;
ICO Mold, LLC;
Mack;
PROVIDIEN LLC;
Baytech Plastics Inc.;
Westfall Technik, Inc.;
EG Industries;
Tegra Medical;
Spectrum Plastics Group;
Crescent Industries

Segmentation: Global Medical Injection Molding Market

By System

Hot Runner
Cold Runner

By Class

Class I
Class II
Class III

By Material

Plastic
Injection Blow Molding
Extrusion Blow Molding
Metal

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Market Drivers

High demands for plastic-based injection molding products from the healthcare industry is expected to propel the growth of the market
Various innovations of technology and advancements associated with the injection molding industry as a whole; this factor is expected to boost the growth of the market
Increasing volume of medical devices, products and consumable consumption giving rise to enhance utilization of this technology is another factor uplifting the growth of this market

Market Restraints

Presence of strict regulatory demands from the authorities regarding the medical products and their manufacturing will restrict the growth of this market
High prevalence of various environmental concerns associated with the injection molding process also acts as a market restraint in the forecast period

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