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According to our (Global Info Research) latest study, the global Plastic Injection Molding market size was valued at USD 33950 million in 2023 and is forecast to a readjusted size of USD 44440 million by 2030 with a CAGR of 3.9% during review period.
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.
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.
The Global Info Research report includes an overview of the development of the Plastic Injection Molding industry chain, the market status of Hospitals (Drug Delivery Products, Diagnostic Drug Test Kits), Clinics (Drug Delivery Products, Diagnostic Drug Test Kits), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Plastic Injection Molding.
Regionally, the report analyzes the Plastic Injection Molding markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Plastic Injection Molding market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Plastic Injection Molding market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Plastic Injection Molding industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (M Units), revenue generated, and market share of different by Type (e.g., Drug Delivery Products, Diagnostic Drug Test Kits).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Plastic Injection Molding market.
Regional Analysis: The report involves examining the Plastic Injection Molding market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Plastic Injection Molding market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Plastic Injection Molding:
Company Analysis: Report covers individual Plastic Injection Molding manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Plastic Injection Molding This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Hospitals, Clinics).
Technology Analysis: Report covers specific technologies relevant to Plastic Injection Molding. It assesses the current state, advancements, and potential future developments in Plastic Injection Molding areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Plastic Injection Molding market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Plastic Injection Molding market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Drug Delivery Products
- Diagnostic Drug Test Kits
- Package and Container
- Surgical Consumables
- Others
Market segment by Application
- Hospitals
- Clinics
- R & D
Major players covered
- 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
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Plastic Injection Molding product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Plastic Injection Molding, with price, sales, revenue and global market share of Plastic Injection Molding from 2019 to 2024.
Chapter 3, the Plastic Injection Molding competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Plastic Injection Molding breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Plastic Injection Molding market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Plastic Injection Molding.
Chapter 14 and 15, to describe Plastic Injection Molding sales channel, distributors, customers, research findings and conclusion.