Global Plastic Injection Molding for Medical Device Market By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables) and others, By End User (Hospitals, clinics and R&D), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Plastic Injection Molding for Medical Device Market By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables) and others, By End User (Hospitals, clinics and R&D), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Plastic Injection Molding for Medical Device Market By Product Type (Drug Delivery Products, Diagnostic Drug Test Kits, Package and Container, Surgical Consumables) and others, By End User (Hospitals, clinics and R&D), and by Region -Global Forecast to 2030, which offers a holistic view of the global Plastic Injection Molding for Medical Device market through systematic segmentation that covers every aspect of the target market.

The global plastic injection molding for the medical device market is projected to be US$ 82,295.6 Mn in 2020 to reach US$ 154,444.0 Mn by 2030 at a CAGR of 6.5%.

Plastic injection molding is the process of manufacturing products and parts by injecting molten materials into moulds. It can be performed with the help of several materials such as metals, glass, elastomers, and more commonly used thermoplastics and thermosetting polymers. Currently, plastic injection molding is considered one of the most versatile techniques of production, owing to several benefits offered by the method as compared to other techniques. Injection moulds are exposed to extremely high pressure, which facilitates production of complex and intricate designs which otherwise will be expensive to manufacture. Plastic injection molding also provides enhanced strength to products and these can be customized as per customer requirements. Plastic injection provides the advantage of using different types of plastic simultaneously with the help of co-injection molding. Also, plastic injection molding is an automated process that requires minimal human intervention, thereby reducing labour cost and providing additional margins for manufacturers. The demand for the target market is expected to fuel by increasing healthcare spending and expenditure in the coming years

Increasing healthcare spending and expenditure, in both developed and developing economies is one of the key factors expected to drive the growth of the global plastic injection molding for the medical device market.

Benefits provided by plastic injection molding for medical devices as compared to 3D printing and other conventional manufacturing techniques, providing higher margins to manufacturers are also expected to increase the focus of medical device manufacturers towards this method.


Global Plastic Injection Molding for Medical Device Market Revenue (US$ Mn), 2021 to 2030


Stringent regulatory compliance for commercially available medical devices in developed regions such as North America and Europe is a highly time-consuming process which is a factor expected to restrain the growth of the global plastic injection molding for medical device market.
Continuous fluctuations in raw material prices of plastics due to volatility in crude oil prices and depletion of hydrocarbon resources is likely to affect the future supply of medical devices. Though plastics are versatile and durable; they are derived from finite resources that are not renewable. On the other hand, bio-plastics are derived from living resources such as sugarcane, wheat, and corn, which guarantees a continuous supply of raw materials to manufacturers.

The market is segmented into product type, end use and region. On the basis of product type, the market is further segmented into drug delivery products, diagnostic drug test kits, package and container, surgical consumables and others, On the basis of the end-use market is further segmented into hospitals, clinics and R&D.


Global Plastic Injection Molding for Medical Device Market by End-Use Type, 2018


On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America and Middle East & Africa. North America accounts for the majority share in the global plastic injection molding for the medical device market, followed by Europe. Emerging economies, such as China and India, are expected to register the highest growth rate over the forecast period. Countries and regions such as South America & Middle East & Africa are expected to register stable growth over the forecast period.

The research report on the global plastic injection molding for medical device market includes profiles of some of the major companies such Becton, Dickinson and Company, Teleflex Incorporated, B. Braun Melsungen AG, Flex Ltd and other prominent key players.



Below are the active patents related to Plastic Injection Molding for Medical Device Market.


Patent Number: EP2910358A3

Injection molding process and product produced using the same

Abstract

A method of molding a solid article such as a syringe with zero draft or low draft is disclosed. The method includes heating a low draft mold to expand it, then injection molding the part, followed by cooling at least part of the low draft mold element to thermally contract at least a portion of the low draft element away from the solid low draft formed surface sufficiently to release the low draft element from the low draft formed surface. Syringes and other articles formed by this method are also disclosed having and interior draft angle of 0 to 0.5 degrees, optionally at least substantially zero degrees. The syringe plunger can be selectively coated with lubricity coatings and other functional coatings to improve performance of the syringe

Application File Date: 2011-07-15

Application Granted Date: 2018-12-05

Current Assignee: SIO2 Medical Products Inc

Patent Number: US8394626B2

Specimen collection and assay container

Abstract

The present invention includes but is not limited to a specimen collection device that includes a chamber capable of collecting a specimen, a specimen passage slot, a reservoir, a reservoir seal, and a test device. A sample or specimen added to the chamber flows through the specimen passage slot into the reservoir. Flow into the reservoir may be limited by the reservoir seal. The test device positioned within the reservoir detects the presence or concentration of an analyte within the sample or specimen.

Application File Date: 2009-06-02

Application Granted Date: 2013-03-12

Current Assignee: Abbott Rapid Diagnostics International ULC

Key Market Segments:

By Product

  
Drug Delivery Products
  
Package And Container
  
Diagnostic Drug Test Kits
  
Surgical Consumables
  
Others

By Application

  
Hospitals & Clinics
  
Pharmaceutical  Biotechnology Companies
  
Others


Key Market Players included in the report:


  
AMS Micromedical LLC
  
B. Braun Melsungen AG
  
BD
  
Becton
  
Boston Scientific Corporation
  
C&J Industries
  
C. R. Bard
  
Dickinson and Company
  
Eastek International
  
Edwards
  
Electroplast
  
ENGEL AUSTRIA GMBH
  
Flex Ltd
  
Flextronics
  
Freudenberg & Co KG
  
FUJIFILM Irvine Scientific Becton
  
HTI Plastics
  
ICU Medical Inc
  
JunoPacific Inc.
  
Kindly
  
Merit Medical Systems
  
Metro Mold & Design Inc.
  
Milacron
  
Nipro
  
PCE Inc
  
Phillips-Medisize Corporation
  
Proto Labs, Inc.
  
QFC Plastics Inc
  
Shanghai Kindly Enterprise Development Group Co. Ltd.
  
SMC Plastics Ltd.
  
Smiths Group plc.
  
Smiths Medical
  
Spectrum Plastics Group, Inc
  
Teleflex Incorporated
  
Terumo Corporation
  
WEGO HOLDING COMPANY LIMITED


Below are the key development related to Plastic Injection Molding for Medical Device Market in 2020 and 2021.


February 2021: Pliant Plastics receives MedAccred injection molding accreditation. Pliant Plastics of Spring Lake, Michigan, has received MedAccred injection molding accreditation for demonstrating an ongoing commitment to quality and patient safety by satisfying customer requirements and industry specifications. Source

January 2021: PTA Plastics Makes $2 Million Capital Investment to Meet Medical Molding Demand. The company added four new Wittmann Battenfeld injection molding machines and two new Engel presses at its plants in Longmont, CO, and Oxford, CT. Custom plastic injection molder PTA Plastics recently announced that it has invested more than $2 million in capital equipment and real estate to meet demand from existing and prospective customers in the medical sector. he company added four new Wittmann Battenfeld injection molding machines and two new Engel presses at its plants in Longmont, CO, and Oxford, CT. The Colorado location adds to the roster a 100-ton, 130-ton self-contained Class 7 cleanroom, and a replacement 1,235-ton, creating a total of 20 presses. The Connecticut location adds 55-ton, 180-ton, and 730-ton presses to the factory floor for a total of 19 machines. Additional warehouse space was acquired at both facilities for the new equipment. Source

January 2021: Engel’s Wintec Brand of Injection Molding Machines Starts Distribution in Europe. The line of Chinese-made dual-platen large-scale presses, which launched in 2014, will now be available globally. Wintec, a member of the Engel group of companies headquartered in Austria, is expanding sales of its dual-platen t-win injection molding machines to Europe. Launched in 2014 in Changzhou, China, Wintec has grown sales from the Middle East and Asia, to the America’s in 2018, and now Europe. In a release, Stefan Engleder, CEO of the Engel Group, said the company is seeing increasing demand in Europe for standardized injection molding machines that offer power and short lead times. “Standardized injection molding machines that are quickly available support a short time-to-market [in Europe],” Engleder said. “Wintec delivers custom-fit solutions for these requirements with an attractive price-performance ratio. Engel says Wintec’s t-win injection molding machines, which are developed in Europe and produced in China, are popular for single-component molding that does not require custom technologies, and places high demands on quality and process consistency. Target industries include domestic appliances, technical molding and automotive. Machines are delivered pre-configured, which shortens commissioning time. By the early summer of 2020, Wintec completed a doubling of the production floorspace in Changzhou, China. The dual-platen machines are available with clamping forces from 450 to 1800 tons and feature energy-saving servo-hydraulics as standard. t-win demonstration machines with various clamping forces are available in Austria and other European countries. Source

July 2020: Manufacturer acquires injection moulding supplier. Technimark, a global manufacturer of custom rigid plastic packaging and components, has acquired Tool & Plastic Industries, an injection moulding product supplier. The company’s headquarters are in Longford, Ireland, with an additional facility in Ostrava, Czech Republic. Tool & Plastic has been operating for 52 years and led by owners Colm Cuffe and Declan O’Rourke. The organisation specialises in offering competitive and innovative contract GMP cleanroom moulding and assembly solutions. The company operates from a number of ISO class 8 cleanroom environments in its facility in Ireland and from an IATF 16949 compliant facility in the Czech Republic. Tool & Plastic has continually invested in technology to ensure high-quality manufacturing services and a positive reputation. The partnership hopes to enhance Technimark’s healthcare manufacturing expertise, as well as its global footprint. Together the companies will have 13 facilities and over 4,400 employees across the world. Source