DUBLIN--(BUSINESS WIRE )--The "Medical Injection Molding Market Size, Share & Trends Analysis Report by Material (Plastics, Metal, Others), by System (Hot Runner, Cold Runner), by Product, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global medical injection molding market size is anticipated to reach USD 33.28 billion by 2030. The market is projected to advance at a CAGR of 5.7% from 2022 to 2030.
The global industry is primarily driven by the increased adoption of plastics in several healthcare products, coupled with rapid technological advancements in the medical sector.
With the advent of the COVID-19 pandemic, the injection molding industry has witnessed an uptick, particularly in the medical field, where it can provide accuracy, a wide range of operations, repeatability, and cleanliness. In addition, it provides cost-effective and efficient ways for producing high-volume parts and products.
In recent years, the industry for medical injection molding has seen a boom with regard to the manufacturing processes of complicated healthcare products. Players are incorporating Industry 4.0 into their processes to optimize their raw material requirements, reduce costs, and increase automation, flexibility, & efficiency, among other things.
The key factors influencing the demand for medical products include availability, awareness, affordability, and adaptability. Increasing demand for better healthcare facilities coupled with the ongoing COVID-19 pandemic has boosted the growth of medical devices manufactured with the help of injection molding machines, thereby augmenting industry growth. Medical injection molding has seen a growth in popularity in the last few years as a manufacturing process for generating complex net form medical devices. It lowers the cost of production and repetition, reducing the number of raw materials needed to develop medical items.
Medical Injection Molding Market Report Highlights
Chapter 3. Medical Injection Molding Market Variables, Trends, & Scope
3.2. Penetration & Growth Prospect Mapping
3.5. Medical Injection Molding Market-Market dynamics
3.6. Business Environment Analysis: Medical Injection Molding Market
Chapter 5. Medical Injection Molding Market: Product Estimates & Trend Analysis
Chapter 6. Medical Injection Molding Market: System Estimates & Trend Analysis
Chapter 7. Medical Injection Molding Market: Material Estimates & Trend Analysis
Chapter 8. Medical Injection Molding Market: Regional Estimates & Trend Analysis
Chapter 9. Medical Injection Molding Market: Competitive Analysis
9.1. Key Players, Recent Developments & Their Impact on the Industry
9.6.1. List of Key Emerging Companies and Their Geographical Presence
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900