Medical Injection Molding Machine Market size is anticipated to reach USD 2.61 billion by 2030

 Medical Injection Molding Machine Industry Overview

The global medical injection molding machine market size was estimated at USD 1.75 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2022 to 2030.

The increasing demand for medical disposables, technological developments, and rising plastics usage in healthcare applications are driving the industry growth for medical injection molding machines. The number of hospital visits and hospitalizations has increased manifold since the advent of the COVID-19 pandemic. This has led to an increase in demand for emergency room products, MRI products, drug delivery systems, and surgical devices, among other devices used in hospitals. With the resurgence of the third wave, the demand for medical devices is expected to further witness a rise, thereby driving the industry growth for these machines.

Gather more insights about the market drivers, restrains and growth of the Global Medical Injection Molding Machine Market

The COVID-19 pandemic has led to the increased demand for this product, which helps save money, operates more efficiently, and has fewer downtimes, among other benefits. In addition, the U.S. is focusing on domestic competitiveness and has prioritized ‘reshoring' of pharmaceutical production to lessen the reliance on China, which is projected to support the country's medical injection molding industry growth.

Technological improvements in injection molding, shorter production cycles, and increased efficiency are altering the new-age injection molding process trends. Molding different raw materials using the injection molding process, as well as a rise in the energy efficiency of injection molding machines, has resulted in the replacement of traditional molding machines in the industry.

Growing public awareness of HAIs, combined with the increasing worries about the transmission of such diseases, is expected to drive the demand for single-use or disposable medical devices. The growing number of collaborations and joint ventures between various participants in the medical device sector is expected to enhance the demand for medical devices around the world, fueling the growth of the MIMM industry.

Manufacturers are focusing on producing this product which can bring down production costs, provide flexibility in production, reduce scrap, have low maintenance, shorten the production cycle times, and is efficient in every way. Electric and hybrid type machines have more demand as compared to hydraulic, as they are cleaner, make less noise, are energy efficient, and showcase higher precision.

Browse through Grand View Research's Micro Molding & Microspheres Industry Research Reports

  • Metal Injection Molding Market: The global metal injection molding market size was valued at USD 2.1 billion in 2015 and is projected to grow at a CAGR of 11.9% from 2016 to 2025.
  • Injection Molding Machine Market: The global injection molding machine market size was valued at USD 14.71 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.6% from 2022 to 2030.

Market Share Insights

  • April 2021: Tederic Machinery Co. launched the NEO series of electric, hybrid injection molding machines that consists of a new generation of servo pumps. These machines can save up to 80% more energy as compared to hydraulic machines.
  • January 2021: Husky Injection Molding Systems Ltd launched the UltraShot Injection System, an injection molding technology that aims to maximize overall part design freedom and speed-to-market

Key Companies Profile

Some prominent players in the medical injection molding machine market include:

  • Sumitomo (SHI) Demag Plastics Machinery GmbH
  • ENGEL MACHINERY INDIA PVT. LTD.
  • Husky Injection Molding Systems Ltd
  • Arburg GmbH + Co KG
  • Engel Austria GmbH
  • Milacron MSA
  • HARBEC
  • Metro Mold & Design
  • Proto Labs, Ltd.
  • AMS Micromedical, LLC
  • The Japan Steel Works, LTD

Order a free sample PDF of Medical Injection Molding Machine Market Intelligence Study, published by Grand View Research. 

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