Medical Injection Molding: Core Growth Enabler in the Rising Demand For Medical Equipment Fuels Growth In Medical Injection Molding Market, 2025

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What Will the Medical Injection Molding Industry Market Size Be by 2025?
There has been a remarkable growth in the market size of medical injection molding in recent years. It is predicted to expand from $25.48 billion in 2024 to $27.32 billion in 2025, showing a compound annual growth rate (CAGR) of 7.2%. The factors contributing to growth during the historic period include an increase in telemedicine, remote patient monitoring, focus on infection control, expansion of the global healthcare sector, an increment in healthcare expenditure, and rising popularity of disposable medical devices.

What's the Long-Term Growth Forecast for the Medical Injection Molding Market Size Through 2029?
The market for medical injection molding is poised to witness robust expansion in the upcoming years, with its value anticipated to reach $36.15 billion by 2029, progressing at a compound annual growth rate (CAGR) of 7.2%. Factors such as the rising demand for home healthcare apparatus, an increasing focus on patient safety, the emerging trend of individualized medicine, growing need for minimally invasive surgeries, and an uptick in chronic diseases are contributing to the growth during the forecast period. The prominent trends to be observed over this period include a move towards sustainable and biodegradable materials, expansion in wearable medical devices, the surge in embracing automation in production, evolution of micro and nano molding practices, and the incorporation of IoT into medical gadgets.

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What Are the Key Growth Drivers Fueling the Medical Injection Molding Market Expansion?
A surge in the need for medical equipment is projected to boost the market for medical injection molding. In healthcare, medical equipment, encompassing devices, apparatus, machines, or implants, are used for diagnosing, treating, monitoring, or staving off health issues. The rising occurrence of chronic diseases, expansion of healthcare infrastructure, and the call for medical device infrastructure enhancements have boosted the prominence of medical equipment. Medical injection molding is instrumental in the efficient and accurate creation of intricate components of medical devices for a range of uses in the healthcare sector. This production method is crucial in crafting high-caliber, dependable components that comply with strict medical norms. For example, the International Trade Administration, a government agency based in the US, reported that Australian local production of medical devices stood at $1,856 million in 2021, rising to $2,049 million in 2022. Hence, the escalating demand for medical equipment is fueling the medical injection molding market.

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What Long-Term Trends Will Define the Future of the Medical Injection Molding Market?
Major firms in the field of medical injection molding are centering their attention on electric injection molding machines that are designed for cleanroom implementations. These machines make careful, contamination-free medical apparatuses and pieces that meet rigorous health and quality standards. For example, in March 2024, Shibaura Machine Company, a company headquartered in Japan known for its precision injection molding machines, machine tools, and die-casting machines, unveiled the EC110SXIII machine for molding diverse products. With its all-electric design, plated platens, stainless steel safeguards, an elevated platform for easy sanitation, NFS H1-accredited lubrication grease, an extended ejector stroke, and design specific to cleanrooms, this machine holds technological progress contributing to improved cleanliness, precision, efficiency, robustness, and adaptability while conforming to strict medical norms. This elevates its role in the medical injection molding market in making accurate and free-of-contamination medical components in regulated cleanroom settings.

How Is the Medical Injection Molding Market Segmented?
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 Companies Are Leading the Charge in Medical Injection Molding Market Innovation?
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

Which Regions Are Leading the Global Medical Injection Molding Market in Revenue?
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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