Global medical injection molded plastics market, which was worth USD 23.92 billion in 2021 is anticipated to accrue a valuation of USD 33.43 billion by 2028 while registering a decent CAGR of more than 4.90% through the forecast period.
 

Industry Snapshot:

• Escalating demand for generic drugs and medical equipment along with surging healthcare investments are a major factor driving market growth during 2022-2028.
• Increased healthcare spending is a prominent variable impelling the demand for implants, mobility aids, etc. which is likely to favor global medical injection molded plastics market expansion in the coming years.
• Technological advancements in the field of medical injection molded plastics are likely to present suitable opportunities for revenue accumulation during the analysis timeline.
• However, frequent fluctuations in medical device costs along with stringent compliance regulations are challenges that industry players may have to overcome over the forecast period.
   

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Segmental overview:

Product Type	Acrylonitrile Butadiene Styrene (ABS)
	Polycarbonate (PC)
	Polyethylene (PE)
	Polypropylene (PP)
	Polystyrene (PS)
	Others
Application	Implants
	Mobility Aids
	Cleanroom Supplies
	Medical Components
	Others
Regions	Europe
	Asia Pacific
	North America
	Latin America
	Rest of the World

 

Window to the future:

• North America medical injection molded plastics market is poised to record tremendous growth during 2022-2028, as the area is a host to one of the most advanced medical injection molded plastics sectors, and countries like Canada gathering notable investments in public and commercial arenas are further fueling regional expansion.

Explainer:

For the unversed, plastic injection moulding is a cost-effective and efficient method for producing precise and high-quality medical equipment, pharmaceutical products, and laboratory tools among others.

Besides, advantages such as high impact resistance and ease of sterilization, the industry is likely to enhance the scope of remuneration for the market in the coming years.

Sumitomo Chemical Co., Ltd., Evonik Industries AG, Eastman Chemical Company, Covestro AG, Celanese Corporation, INEOS Group, Saudi Basic Industries Corporation (SABIC), Dow, Inc., Arkema S.A., and Rutland Plastic Technologies Inc. are the
leading players in worldwide medical injection molded plastics industry.

Concluding lines:

Market researchers collect and examine information about consumers, rivals, and distributors to aid companies in expanding their regional foothold. MarketStudyReport has a report titled ‘Global Medical Injection Molded Plastics Market Size study, by Product (Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS), Polyethylene (PE), Polystyrene (PS), Polycarbonate (PC), Others) by Application (Medical Components, Implants, Cleanroom Supplies, Mobility Aids, Others) and Regional Forecasts 2022-2028)’, which focuses on the key developments, potential expansion opportunities, and difficulties in this sector. This report is created following a thorough examination and offers all the details needed by companies working in this industry.