Global Plastic Injection Molding Sales Market Report 2023

Market Analysis and Insights: Global Plastic Injection Molding Market

Plastic injection molding is an extremely versatile method of mass production, and it has numerous benefits that make it an invaluable tool for creating working prototypes at scale. For the medical industry, the range of benefits for plastic injection molding are far-reaching.

In today’s day and age, medical technology is advancing at an enormous rate. With this rapid increase comes a need for companies to match this rapid growth in complexity of design as well. With these advances have come intricately designed machines and tools such as pacemakers, imaging machines, and surgical tools, all of which need prototypes for testing and monitoring. Due to the extremely high pressure used in the process, plastic injection molding allows for a large amount of detail within the cast.

Once the designs and injection mold model are created and the presses are pre-programmed, the actual process of plastic injection molding is faster than other methods. With a high production output rate, ability to craft complex designs, and an ease of creation of the initial mold, plastic injection molding is a wonderfully efficient manufacturing option that can help us pave the way to the future of medical technology.

Due to the COVID-19 pandemic, the global Plastic Injection Molding market size is estimated to be worth US$ 32990 million in 2022 and is forecast to a readjusted size of US$ 43850 million by 2029 with a CAGR of 4.1% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Drug Delivery Products accounting for % of the Plastic Injection Molding global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Hospitals segment is altered to an % CAGR throughout this forecast period.

BD, Teleflex, BBRAUN, Terumo and Edwards are the top 5 players of Plastic Injection Molding, with about 23% market shares.

North America is the largest market of plastic molding for medical device currently, with a revenue market share of 40%. The second place is Europe, following North America with the revenue market share of 21%. Asia Pacific is the third largest market of plastic molding for medical device.

Global Plastic Injection Molding Scope and Market Size

The global Plastic Injection Molding market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Plastic Injection Molding market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.



Segment by Type


Drug Delivery Products

Diagnostic Drug Test Kits

Package and Container

Surgical Consumables

Others



Segment by Application


Hospitals

Clinics

R & D


By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions



By Company


BD

Teleflex

BBRAUN

Terumo

Edwards

C. R. Bard

Flextronics

Smith's Medical

Wego

Phillips Medisize

Nipro

ICU

Boston Scientific

SMC Plastics Ltd.

C&J Industries

Eastek International

Kindly

Merit Medical

JunoPacific Inc.

Freudenberg

QFC Plastics

PCE Inc

Spectrum Plastics Group, Inc

Electroplast