Plastic Injection Molding for Medical Device Market 2021 |

Pune, India, June 15, 2021 (GLOBE NEWSWIRE) – The global “market for plastic injection molding for medical devices” will gain momentum due to its ever increasing use in various manufacturing processes in the healthcare industry. This information will be provided by Fortune Business Insights ™ in an upcoming report titled Plastic Injection Molding for Medical Device Market Size, Share & Industry Analysis, By Product (Drug Delivery Products, Package & Containers, Diagnostic Test Kits, Surgical Consumables, Others) provided), by end-user (hospitals and clinics, pharmaceutical and biotechnology companies, others) and regional forecast 2020-2027. ”The report further mentions that medical device plastic injection molding is used to make laboratory equipment, test tubes, beakers and other medical components .

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A list of all renowned plastic injection molding manufacturers for medical device manufacturers who are active on the world market:

  • Stackable plastics
  • SEA-LECT PLASTICS CORPORATION
  • SMC Plastics Ltd.
  • BD
  • Teleflex Incorporated
  • CR bard
  • B. Braun
  • PCE Inc.
  • Other well-known companies

What does this report contain?

The market for plastic injection molding for medical devices includes approval companies, processors and raw material suppliers that are represented in the supply chain. We used both primary and secondary research to get quantitative and qualitative data on the supply and demand side. We also analyzed competitive developments such as collaborations, product launches, mergers and acquisitions, joint ventures, collaborations and agreements. Finally, the report includes profiles of the reputable companies and the strategies they have followed to increase sales.

Regional analysis:

The global Medical Device Plastic Injection Molding Market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America, followed by Europe, dominated the world market in 2019 due to the surge in R&D in the pharmaceutical and biotechnology industries. In addition, strict regulatory requirements imposed by the US government in the manufacture of the products are responsible for increased sales of medically classified products. Asia Pacific is likely to see a higher CAGR in the market due to the establishment of manufacturing facilities in the region to increase market potential. Latin America as well as the Middle East and Africa are expected to have a comparatively lower CAGR by the end of the forecast period.

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Increase research and development activities to increase growth

The high demand for plastic-based products to promote research and development activities in the biotechnology and pharmaceutical industries will support the market growth in plastic injection molding for medical devices in the near future. In addition, plastic injection molding for medical devices is inexpensive, which in turn makes them very popular in many industries. However, the construction of a plant or a factory for the production of plastic injection molded parts for medical devices is associated with high costs. It can hinder growth.

Strict government standards to encourage growth in North America and Europe

Geographically, Europe and North America held the dominant positions in 2019, sourcing significant plastic injection molded parts for the medical device market share. This growth is due to increasing research and development in the pharmaceutical industry. The US government has also introduced strict laws and standards for manufacturers of these products. It would also boost sales of medical-grade products in the years to come. The Asia-Pacific region, on the other hand, is likely to show a significant annual growth rate due to the presence of numerous manufacturing facilities in the region.

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Competitive landscape

Key players focus on mergers and acquisitions to gain a competitive advantage

The world market for plastic injection molding for medical devices is home to numerous well-known companies that persistently strive for competitive advantages through mergers and acquisitions. The following are the two major industry developments:

  • January 2020: Comar and iMARK Molding have signed a new agreement to better serve the medical device industry. It would enable both companies to supply their customers with customized, premium quality plastic molded parts and technology.
  • February 2017: Kohlberg & Company LLC to acquire Pexco LLC, specializing in the manufacture of plastics. This new deal would help the former strengthen their position.

Global Medical Device Injection Molding Market Segmentation:

By product

  • Drug delivery products
  • Package & container
  • Diagnostic test kits
  • Surgical consumables
  • Other

According to end user

  • Hospitals & clinics
  • Pharmaceutical and biotechnology companies
  • Other

According to geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and the rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, rest of Latin America)
  • Middle East and Africa (South Africa, GCC, and the rest of the Middle East and Africa)

With tables and graphs to aid in analyzing the worldwide global Plastic Injection Molding For Medical Devices market forecast, it provides vital statistics on the state of the industry and is a valuable guidance and guidance tool for companies and individuals interested in the market.

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SECONDARY RESEARCH IS DURING TO EXPERIENCE THE FOLLOWING INFORMATION:

  • Details such as sales, market share, strategies, growth rate, product and their prices by region / country for all large companies
  • Information on prevalence, incidence, patient numbers, patient distribution, average treatment price, etc.
  • Number of end-user facilities by region / country and average annual spend or equipment purchases by type of end-user facility
  • Number of procedures and average price of procedures
  • Exchange rate and pricing of capital goods
  • Market dynamics in relation to the market in focus – drivers, barriers, trends and opportunities
  • Market & technology trends, new product developments, product pipeline.

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