Medical Injection Molding Market size is anticipated to reach USD 33.28 billion by 2030
Medical Injection Molding Industry Overview The global medical injection molding market size was estimated at USD 20.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. This growth is poised to be driven by the demand for mass production of identical medical components with design flexibility and precision at lower costs. The number of hospital visits and hospitalizations has increased manifold since the advent of the COVID-19 pandemic. This has augmented the demand for various devices in emergency room products, MRI equipment, drug delivery systems, and surgical devices, among other devices used in hospitals. The market in the U.S. has undergone a transformation as a result of the COVID-19 pandemic, with players acquiring and expanding their capacity to satisfy the market's growing demands. The regional industry is predicted to witness growth in the coming years, owing to various factors suc...