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Global Medical Injection Molding Market


As per a recent report by “ Grand View Research”, 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 such as the increasing number of manufacturers adopting medical injection molding technology, the rising demand for medical equipment, and the rising healthcare expenditure in the country.


Medical-grade products, components, equipment, and tools require a production process that meets medical hygiene standards. Injection molding is a viable approach for producing complex medical products, components, equipment, and tools. Medical-grade injection-molded products are in high demand globally because they are long-lasting and are inherently resistant to pollutants and chemicals. These factors are expected to boost the industry demand.


Medical injection molding (MIM) can be utilized to develop complicated and basic medical devices. In general, it is best suited for pieces that have thickness and weight less than 6 mm thick and 100 g, respectively. However, the advent of new binder removal procedures has enabled the processing of cross sections of parts of medical devices that are larger than 12.5 mm and weigh up to 400 g.


In-house injection molding of injection molded components by OEMs can be a considerable issue in terms of productivity, cost, and quality. Many companies are outsourcing injection molding services because it provides benefits such as strategic optimization, reduced inventory, economies of scale, quick startup time, and increased quality.


Material Insights


The plastics material segment led the industry and accounted for 98.8% of the global revenue share in 2020. Plastic injection molding is a viable approach for producing complex medical products. Medical-grade injection-molded goods are in high demand because they are long-lasting, inherently resistant to pollutants and chemicals, and provide economies of scale to major manufacturing companies.


The rising use of engineering-grade plastic resins for medical and pharmaceutical products is due to factors such as hightemperature endurance, metal tolerance, and high tensile strength. Furthermore, these resins allow for a reduction in product weight, manufacturing waste, and manufacturing costs, leading to their use in medical device injection molding.


The demand for metals in the manufacturing process is likely to grow at a CAGR of 8.2% during the forecast period. Metal injection molding is an excellent method for producing delicate, tiny, and precision metal components for the medical industry. The metal injection molding process employs both thermoplastic and powder metallurgy injection molding.


System Insights


Hot runner systems led the medical injection molding market and accounted for more than 57.8% of the global revenue share in 2020. The growth is attributed to various advantages of these systems, such as faster cycle time and lower pressure required to drive the molten mixture into the mold cavity, elimination of waste due to the elimination of runners, the housing of larger parts with greater volume of production, and an increase in the uniformity & quality of parts.


Hot sprinter molds are made up of two plates that are heated by a sophisticated structure. This structure keeps liquid thermoplastics at the same temperature as their warming chamber. There are two types of hot sprinters: inside warmed sprinters and distantly warmed sprinters. The hot sprinter framework keeps the material in a liquid state throughout the sprinter method, until it enters the form pit.


The cold runner system market is likely to advance at a CAGR of 5.4% during the forecast period. The use of a cold runner system is based on its benefits such as ease of maintenance and cost effectiveness; it is suited for a wide range of polymers. This technology is a viable choice because it produces higher-quality parts. As a result of reduced initial investments compared to other systems, the use of cold runner systems is increasing at a rapid pace.


A cold runner system is a physical tube that is not heated and is used to inject plastic through a sprue. Its mold base is made up of two or three plates. The injection technique employs molten thermoplastic, which is injected into the molds through a nozzle via a sprue. Runners are kept at the same temperature as molds in this system.


Product Insights


The medical equipment components segment led the market and accounted for around 34.9% of the global revenue share in 2021. Pharmaceutical companies having a presence in the United States include 3M Health Care Business, Johnson & Johnson, Abbott Laboratories, and Pfizer Inc. Ongoing improvements in the field of surgery, such as standardization of methods and technical advancements, are expected to propel the medical sector forward and fuel the demand for these products.


The in-house injection molding of injection molded components by OEMs can be a considerable issue in terms of productivity, cost, and quality. Many companies are outsourcing injection molding services because it provides streamlined inventory, optimization, economies of scale, quick start-up time, and enhanced quality, among other benefits, all of which are projected to drive industry demand throughout the forecast period.



The increasing geriatric population globally that is suffering from oral diseases, demand for medical tourism relating to dental treatment, and the launch of multiple initiatives for oral health care for the public by the government, are few of the growth enablers for the industry. Furthermore, people are becoming more conscious of cosmetic dental treatment, which helps to improve looks and keep fresh breath, which is expected to boost the industry growth.


Regional Insights


Asia Pacific led the market and accounted for 40.6% of the global revenue share in 2021. The healthcare industry in the region is expected to grow at a swift pace owing to several factors, including the aging population coupled with urbanization, improving the standard of living, and expanding healthcare infrastructure in countries such as China, India, and Japan.


The ongoing COVID-19 pandemic has further increased hospitalization and in turn boosted the demand for disposable medical devices, thereby propelling the industry growth.


In North America, the rising healthcare costs and an aging population are expected to boost the medical sector. Government authorities are anticipated to invest considerably in healthcare facilities following the COVID-19 pandemic. The increasing use of injection molding to manufacture a variety of parts and components for medical devices is likely to boost industry growth in the coming years.


The medical industry in the U.S. is among the most technically advanced in the world, thereby contributing to the surging demand for medical devices. Moreover, it has a high per capita income, along with increased health awareness among the masses. All these factors contribute to the augmented adoption of this technology in the healthcare sector, thereby boosting industry growth.


The regulatory framework for the medical device sector in Europe is being changed, with the goal of raising medical device safety and performance standards. As a result, during the forecast period, demand for high-quality, biocompatible, recyclable, and innovative plastics in medical devices is expected to increase, which is expected to boost medical injection molding services.


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