Global and Regional Plastic Injection Molding for the Medical Device Industry: North America is the Largest Market with a Share of 38.17%

Global Plastic Injection Molding for the Medical DeviceMarket Overview

According to Global Market Monitor, the global plastic injection molding for medical device market size is $35.67 billion in 2024 with a CAGR of 4.89% from 2024 to 2029. North America is the largest revenue market with a market share of 38.17% in 2024.

Application Fields

Plastic injection molding is an extremely versatile method of mass production, and it has numerous benefits that make it an invaluable tool for creating working prototypes at scale. The medical products include point-of-care diagnostics, microfluidics, and pharmaceutical drug delivery applications. Based on the product type, plastic injection molding for medical devices is primarily split into implantable components, packages and containers, housings, and casings for medical equipment, surgical consumables, others, etc. Based on the plastic injection molding for medical device applications, the market is sub-segmented into several major applications, like surgical, cardiovascular, etc.

With the development of medical products and injection molding technology, it has become more widely used in addition to manufacturing traditional disposable medical device products. New injection molding technologies such as multi-component injection molding, over-molding, and in-mold assembly have been increasingly used in medical plastic products. The continuous expansion of application fields can open up a larger demand market for Plastic Injection Molding, thereby promoting the rapid development of the industry.

Market Drivers

Plastic has become an important material for medical equipment and products due to its unique properties such as strong corrosion resistance, durability, water resistance, lightweight and flexibility, and low cost. PETG is a special plastic with excellent moisture and air barrier properties and high transparency, so it becomes an ideal material for medical equipment packaging. PEEK has strong corrosion resistance, hydrolysis resistance, and chemical resistance, especially inert to body fluids. It can be applied to some implantable medical appliances that relieve the pain of patients, such as gastrointestinal stents and implantable body fluid pumps, eliminating traditional pain caused by puncture to the patient; and medical grade polycarbonate meets the advantages of biocompatibility, strong corrosion resistance, and not easily broken, and is the first choice for the shell material of the capsule endoscope. The superior performance of raw materials plays an important driving role in the manufacturing industry of Plastic Injection Molding for Medical Devices.

When medical products become smaller and thinner, the hot runner system requires smaller runners and nozzles. At the same time, the injection pressure required for injection greatly increases, requiring the hot runner system to have thousands of cycles. Can withstand this high pressure without failure. Therefore, in this case, a further optimized hot runner system must be used. The method of optimizing the hot runner is to use a computer-aided engineering analysis system to understand the state of the polymer melt when it flows through the manifold by analyzing the melt flow, heat distribution, and structure, to design the best hot runner system. As Plastic Injection Molding technology continues to advance, the Plastic Injection Molding industry will also develop accordingly.

Drivers	Plastic material has superior performance in the industry.
	The production requirements of medical products promote the continuous development of Plastic Injection Molding technology.
	The application field of the products continues to expand.
Restraints	High requirements for scale and technical level
	The industry lacks regulation in the Asia-Pacific region.

For more industry information, please refer to our latest released "2023 Global Plastic Injection Molding Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".