Global Medical Injection Moulding Market, By System (Hot Runner and Cold Runner), Class (Class I, Class II and Class III), Material (Plastic and Metal), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the medical injection moulding market will exhibit a CAGR of around 4.93% for the forecast period of 2021-2028. Rising awareness in regards to the cost-effective nature of this method for developing large quantities of medical-based products, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies and rising expenditure for the development of healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of medical injection moulding market.
Injection moulding is a process of manufacturing products by heating the materials to their liquid form. Next, the liquid is injected into the pre-made moulds that form a solid shape on cooling down. Medical injection moulding is a designated technique or a method to manufacture a wide range of medical devices.
Upsurge in the initiatives taken up by the government to promote medical injection moulding is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with increased demands for plastic- based injection moulding products is another market growth determinant. Unprecedented growth in the demand for packaging materials, rising medical tourism and surge in volume of medical devices, products and consumables will further generate lucrative market growth opportunities.
However, stringent regulations imposed by the government on product approvals will derail the market growth rate. Lack of medical experts and unfavourable reimbursement policies especially in the developing and underdeveloped economies will further pose challenges for the market. Also, rising environmental concerns and non- biodegradability of plastic material will also hamper the market growth rate.
This medical injection moulding market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical injection moulding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Medical Injection Moulding Market Scope and Market Size
The medical injection moulding market is segmented on the basis of system, class and material. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on system, the medical injection moulding market is segmented into hot runner and cold runner.
- On the basis of class, the medical injection moulding market is segmented into class I, class II, and class III.
- On the basis of material, the medical injection moulding market is segmented into plastic and metal. Plastic segment is sub-segmented into injection blow moulding and extrusion blow moulding.
Medical Injection Moulding Market Country Level Analysis
The medical injection moulding market is segmented on the basis of system, class and material.
The countries covered in the medical injection moulding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical injection moulding market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is because of the presence of key players in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period owing to the growing awareness about the benefits of medical injection moulding.
The country section of the medical injection moulding market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The medical injection moulding market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical injection moulding market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical injection moulding market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Medical Injection Moulding Market Share Analysis
The medical injection moulding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical injection moulding market.
The major players covered in the medical injection moulding market report are C&J Industries, AMS Micromedical, LLC., HTI Plastics, Currier Plastics, Inc., Proto Labs, MRPC., Metro Mold & Design, HARBEC, Milacron, ENGEL Group, NINGBO WELLMEDLAB CO., LTD, Bright Plastics, JG Plastics Group LLC, Stack Plastics., Indo-MIM, JunoPacific, Gerresheimer AG, ICO Mold, LLC, Mack., PROVIDIEN LLC and Baytech Plastics Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.