Press release
Medical Overmolding Market is Forecasted to Reach US$ 2.5 billion in 2030, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global medical overmolding market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3813/medical-overmolding-market.html#form
Report Highlights:
Market Size in 2030: US$ 2.5 billion
Growth (CAGR): 4.8% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Medical Overmolding Market:
The global medical overmolding market is segmented based on application type, overmold material type, and region.
Based on application type - Based on the application type, the medical overmolding market is segmented into; tubing parts, surgical instruments, needle components, medical cables, and others.
Tubing parts is the demand generator of the market, during the forecast period. Tubing parts are used in various medical devices and are integral components of catheters, IV lines, respiratory tubes, and drainage tubes. Versatile, customizable, biocompatible, sterility, and easy to use are some key advantages of tubing components. Overmolding process provides enhanced performance of tubing parts by making them more resistant to wear, abrasion, and environmental factors.
Based on overmold material type - Based on the overmold material type, the market is segmented into two types; thermoplastic and silicone.
Thermoplastic is expected to remain the dominant material, whereas silicone is expected to experience faster growth during the forecast period. Key thermoplastic materials used as overmold material in the market include thermoplastic elastomers (TPE), polycarbonate (PC), polyethylene (PE), polypropylene (PP), Polyvinyl Chloride (PVC), polyamide, etc. Biocompatibility, versatility, durability, ease of processing, and cost-effectiveness, are some key advantages of thermoplastic making them the preferred choice for manufacturing a wide range of medical devices and components. Silicone holds a niche share in the market, but it is likely to experience faster growth owing to its exceptional biocompatibility, flexibility, and chemical and thermal stability properties.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/3813/medical-overmolding-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that North America is expected to be the dominant region and Asia-Pacific is likely to experience the fastest growth during the forecast period. This growth outlook is majorly attributed to the following-
• In terms of region medical overmolding market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
• North America is expected to remain the largest market for medical overmolding during the forecast period. Its dominance is bolstered by several key factors, including its advanced healthcare infrastructure, the presence of leading medical device manufacturers, technological innovations, and a strong regulatory environment.
• Asia-Pacific is expected to be the fastest-growing region in the coming years. Its growth is driven by growing healthcare expenditure, expanding healthcare infrastructure, a rapidly aging population, and advancements in medical technology. China is the hotspot of the region owing to the rapidly growing Chinese medical device market and continuous investment in healthcare infrastructure and technology.
Medical Overmolding Market Drivers:
Some of the key drivers listed in the report are given below.
• Increasing demand for advanced medical devices and equipment
• Focus on technological advancements including innovation in materials
• Rising demand for customized and miniaturized medical devices
• Advantages of overmolding processes, such as enhanced grip and ergonomics, good durability and longevity, sterilization-friendly, enhanced functionality, and cost efficiency.
Top Companies in the Medical Overmolding Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Avient Corporation
• Biomerics, LLC
• Kaysun Corporations
• Saint-Gobain
• TE Connectivity
• Trelleborg AB
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Medical Overmolding Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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