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Key Influencer in the Medical Injection Molding Market 2025: Rising Demand For Medical Equipment Fuels Growth In Medical Injection Molding Driver
Medical Injection Molding
The increasing demand for medical equipment is expected to drive the medical injection molding market. The rising demand for medical devices stems from the growing prevalence of chronic diseases and the need for updated healthcare infrastructure. Medical injection molding is crucial for efficiently producing complex components for medical devices. According to the International Trade Administration, the value of local medical device production in Australia increased from $1.856 billion in 2021 to $2.049 billion in 2022. Therefore, the growing demand for medical equipment is contributing to the expansion of the medical injection molding market.
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What Is the projected market size and growth rate for the medical injection molding market?
The medical injection molding market will grow from $25.48 billion in 2024 to $27.55 billion in 2025 at a CAGR of 8.1%, driven by rising disposable medical devices, infection control focus, and telemedicine growth.
The medical injection molding market is projected to reach $37.32 billion by 2029 at a CAGR of 7.9%, driven by rising demand for home healthcare devices and minimally invasive surgeries. Trends include biodegradable materials, wearable medical devices, automation in manufacturing, and nano-molding techniques.
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What new trends are reshaping the medical injection molding market and its opportunities?
Companies in the medical injection molding market are focusing on electric injection molding machines that cater to cleanroom environments, producing precise and contamination-free medical components. For example, in March 2024, Japan-based Shibaura Machine launched the EC110SXIII, an electric molding machine designed for cleanroom use. This machine ensures high cleanliness standards while offering enhanced precision and efficiency in medical component production.
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
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Which geographical regions are pioneering growth in the medical injection molding market?
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.
Which key market leaders are driving the medical injection molding industry growth?
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
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What Is Covered In The Medical Injection Molding Global Market Report?
•Market Size Forecast: Examine the medical injection molding market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the medical injection molding market for a structured understanding.
•Key Players Overview: Analyze major players in the medical injection molding market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the medical injection molding market.
•Segment Contributions: Evaluate how different segments drive overall growth in the medical injection molding market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the medical injection molding market.
•Industry Challenges: Identify potential risks and obstacles affecting the medical injection molding market.
•Competitive Landscape: Review strategic developments in the medical injection molding market, including expansions, agreements, and new product launches.
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