From GlobeNewswire: 2024-07-10 21:00:00

The Global Medical Injection Molding Market is projected to grow from USD 21.54 billion in 2023 to USD 36.43 billion by 2033, with a CAGR of 5.40%. The primary components of an injection molding machine are the clamping unit and injection unit, used to create plastic products with materials including elastomers, glass, thermoplastics, and more. Wearable technology and prosthetic surfaces are driving the market due to material selection. Initial tooling and machinery costs may hinder market expansion for small and medium-sized companies. The medical equipment components segment is expected to experience the highest CAGR growth in the medical injection molding market. The hot runner segment dominates the market with benefits such as reduced pressure and shorter cycle time. Plastic injection molding, especially for medical devices, is crucial for precision, versatility, and affordability. Asia Pacific is anticipated to hold the largest share of the market, driven by population growth and healthcare demands. North America is predicted to grow the fastest with increasing healthcare infrastructure and demand for medical devices. Major vendors in the market include Rodon Group, Currier Plastics, D&M Plastics, and more. In July 2022, Biomerics LLC acquired Dependable Plastics to form a new division focusing on providing plastic components for interventional devices for surgery using robotic assistance. Regionally, the market has been segmented into North America, Europe, Asia Pacific, South America, Middle East, and Africa, with each region showcasing specific growth factors and trends.



Read more at GlobeNewswire: Global Medical Injection Molding Market Size To Worth USD