Plastic Injection Molding for Medical Device Market, By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables), By End User (Hospitals, clinics and R&D), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Manufacturing of medical components and devices using medical grade plastic materials that are durable, reliable and meet FDA regulations is that the essence of medical injection molding. The medical plastic injection molding process is cost-efficient, and ideal for top volume production runs and applications requiring consistency and tight tolerances. This molding process is additionally used for medical device prototype development for the FDA approval process and to be used in laboratory testing. Since inception, the utilization of plastics within modern medicine has steadily increased. Medical devices that are manufactured from injection molded plastic have contributed to a discount in medical costs, communicable disease and pain management. High tech polymers are used within medical device prototype development and are commonly wont to create improved artificial limbs and devices that reduce the danger of infection. Medical plastic injection molding directly results in increased patient safety and therefore the ability to save lots of more lives. Since medical device plastics provide increased versatility and may be combined with metal to make enhanced medical product attributes, medical grade plastics became the well-liked material for varied sorts of electronic medical devices. The Global Plastic Injection Molding for Medical Device Market accounted for US$ 82.7 million in 2020 and is estimated to be US$ 148.88 million by 2030 and is anticipated to register a CAGR of 6.1%.

Rising healthcare expenditure

Rising healthcare expenditure and spending in both developing and developed economies are among the crucial factors anticipated to bolster the worldwide plastic injection molding for the medical device market. Moreover, the growing global geriatric population, including the prevalence of chronic diseases, is another factor expected to fuel market growth.

Increasing technological advancements

Increasing technological advancements in plastic injection molding techniques to make sure medical products are free from contamination and safer is additionally expected to drive the expansion of the respective market

Fluctuating prices of the staple

Fluctuating prices of the staple like plastics, due to fluctuating petroleum prices, are expected to hinder the expansion of the worldwide plastic injection molding for the medical device market to a particular extent

The global Plastic Injection Molding for Medical Device market report segments the market on the basis of type, end-user, and region.

On the basis of product type, Global Plastic Injection Molding for Medical Device Market is segmented into Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables. On the basis of end-user, the target market is classified into Hospitals, clinics and R&D.

Regional Insights:

On the basis of region, Global Plastic Injection Molding for Medical Device Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is expected to dominate the Global Plastic Injection Molding for Medical Device Market owing to rising geriatric population. Whereas, Europe and Asia- Pacific are anticipated to show a significant growth of the Global Plastic Injection Molding for Medical Device Market during forecast period owing to increase major key players.

Detailed Segmentation:

Global Plastic Injection Molding for Medical Device Market, By Region:

• • • North America
      • North America Plastic Injection Molding for Medical Device Market, By Type
      • North America Plastic Injection Molding for Medical Device Market, By End-User
      • North America Plastic Injection Molding for Medical Device Market, By Country
        • The U.S.
        • Canada
    • Europe
      • Europe Plastic Injection Molding for Medical Device Market, By Type
      • Europe Plastic Injection Molding for Medical Device Market, By End-User
      • Europe Plastic Injection Molding for Medical Device Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Plastic Injection Molding for Medical Device Market, By Type
      • Asia Pacific Plastic Injection Molding for Medical Device Market, By End-User
      • Asia Pacific Plastic Injection Molding for Medical Device Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Plastic Injection Molding for Medical Device Market, By Type
      • Latin America Plastic Injection Molding for Medical Device Market, By End-User
      • Latin America Plastic Injection Molding for Medical Device Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Plastic Injection Molding for Medical Device Market, By Type
      • Middle East & Africa Plastic Injection Molding for Medical Device Market, By End-User
      • Middle East & Africa Plastic Injection Molding for Medical Device Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The Key players in the global Plastic Injection Molding for Medical Device market include Boston Scientific, SMC Plastics Ltd., CandJ Industries, Eastek International, Merit Medical, JunoPacific Inc., QFC Plastics, PCE Inc, Spectrum Plastics Group, Inc, Electroplast.

• • • Boston Scientific
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • SMC Plastics Ltd.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • CandJ Industries
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • Eastek International
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • Merit Medical
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • JunoPacific Inc.
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • QFC Plastics
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • PCE Inc
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • Spectrum Plastics Group, Inc
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
    • Electroplast
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance