The global medical injection molding market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. The key factor driving the growth of the market include key players operating in the market such as Haitian International Holdings Ltd., Husky Technologies, and Milacron LLC, among others. These players are heavily adopting several strategies that include mergers and acquisitions, collaboration, partnerships, and among others to remain competitive in the market and to expand their brand products portfolio due to increased demand for this product by the end-user market. For instance,
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- In July 2022, Biomerics LLC acquired Dependable Plastics, and through the acquisition, it has created a new Biomerics Interventional Medical Plastics (IMP) Division with operations in Fairfield, California, and Salt Lake City. This new acquisition has made Biomerics’ second expansion into California, and it was created to integrate Biomerics’ various plastics manufacturing component technologies to enable rapid design and development.
- In December 2021, Argon Medical Devices, Inc. acquired Matrex Mold and Tool Inc., to vertically integrate within new product development and production. The companies support the needs of Matrex’s current customers, and now offer mold production to new customers. Under the partnership, the company’s organic production molds decrease the time to market for new products that are in development.
- In June 2021, Westfall Technik has opened a new plant facility in suburban Chicago for precision medical molding and tooling. In this new plant, the company can accommodate 23 injection molding machines, while the GMP-compliant white space can house up to 15 injection machines.
- In January 2019, Sterling Manufacturing acquired Albright Technologies for silicone molding capabilities and manufacturing space and added an LSR production facility with additional thermoplastic capabilities for its customers.
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Market Coverage
- Segment Covered-
o By Materials
o By System
o By Products
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Bole Intelligent Machinery Co., Ltd, Haitian International Holdings Ltd., Husky Technologies, Milacron LLC, Nolato AB, Sumitomo Heavy Industries, Ltd., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Medical Injection Molding Market Report Segment
By Material
- Plastics
- Metals
By System
- Hot Runner
- Cold Runner
By Products
- Medical equipment components
- Consumables
- Patient Aids
- Orthopedics Instruments
- Dental Products
Global Medical Injection Molding Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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