Enjoy complimentary customisation on priority with our Enterprise License!
The medical injection molding machines market share is expected to increase by USD 580.96 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.77%.
This medical injection molding machines market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the medical injection molding machines market segmentation by material (plastics, rubber, and others) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The medical injection molding machines market report also offers information on several market vendors, including Ams Micromedical LLC, ARBURG GmbH Co KG, BOLE Machinery Inc., DKM MACHINERY CO., LTD, ENGEL AUSTRIA GmbH, Haitian International Holdings Ltd., HARBEC, Hillenbrand Inc., Husky Technologies, KraussMaffei Group GmbH, Laszeray Technology, LLC, Proto Labs Inc., Sumitomo Heavy Industries, Ltd., Tederic Machinery Co., Ltd., The Japan Steel Works Ltd., Ube Corp., VEM Tooling Co. Ltd., and WITTMANN Technology GmbH among others.
Download Report Sample to Unlock the Medical Injection Molding Machines Market Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global medical injection molding machines market.
Key Medical Injection Molding Machines Market Driver
The enhanced productivity offered by robotic medical injection molding machines is a key factor driving the global medical injection molding machines market growth. The injection molding process is used for large-volume manufacturing of parts in large-scale production. Robots are ideal for carrying out injection molding processes due to their long reach and high flexibility. By using robotic medical injection molding machines, manufacturers can produce larger volumes of components with a high degree of accuracy. Manufacturers are focusing on using robotic medical injection molding machines, owing to the above-mentioned benefits. There is a need for high-quality plastic products, with the increasing demand for plastics in the medical industry. The use of robotic medical injection molding machines provides vendors with a competitive edge, owing to the high accuracy, speed, and quality offered. Hence, the growing adoption of robotic injection molding is expected to drive the growth of the medical injection molding machines market during the forecast period.
Key Medical Injection Molding Machines Market Trend
The increased use of cobots in the injection molding process will fuel the global medical injection molding machines market growth. The use of cobots in different industrial processes is increasing because of advancements in robotic technologies. Since they are inexpensive and can perform various tasks, their use in injection molding processes is increasing. Cobots aid the manufacturing process and complement human workers in the production process. They work in collaboration with people and use specialized sensors and robotic controllers for operations. With the increasingly stringent safety standards in industries, vendors are focusing on improving the safety features of cobots by improving sensor technologies. Cobots help manufacturers as they have the same skills as workers and the productivity of robots. While workers (people) use analytical skills and experience, robots provide high speed and accuracy to perform risky tasks. Workers use cobots to increase their productivity. These factors will positively impact the growth of the global medical injection molding machines market during the forecast period.
Key Medical Injection Molding Machines Market Challenge
The volatility in raw material prices is the major challenge to the global medical injection molding machines market growth. Ethylene, propylene, benzene, and styrene are some major raw materials used to produce medical injection molding machines. The price of raw materials, such as polymers and resins, has been fluctuating since 2015. Moreover, propylene, benzene, and styrene polymers are petroleum and natural gas derivatives. Therefore, the prices of these products vary in tandem with the prices of natural gas and crude oil. Frequent fluctuations in crude oil prices significantly impact the price of raw materials, such as polyethylene and propylene. Thus, such fluctuations are expected to negatively impact the global medical injection molding machines market during the forecast period.
This medical injection molding machines market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global medical injection molding machines market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical injection molding machines market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the medical injection molding machines market encompasses successful business strategies deployed by the key vendors. The medical injection molding machines market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The medical injection molding machines market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our In-house experts produce extensive information on the value chain and parent market of the medical injection molding machines market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request PDF Sample now!
42% of the market’s growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for medical injection molding machines market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The productivity improvement offered by robotic medical injection molding machines will facilitate the medical injection molding machines market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 adversely impacted the growth of the regional medical injection molding machines market. The outbreak led to the temporary shutdown of several businesses during H1 2020, disruptions in the supply chain, and economic turmoil. Furthermore, the decline in demand for non-essential consumer goods, such as rubber and plastic, negatively impacted the growth of the market in the region. However, the e-commerce market flourished in the region during the pandemic, which, in turn, led to a revival in demand for medical injection molding machines. Moreover, with the resumption of end-user activities and the initiation of large-scale vaccination drives, the regional market completely recovered during H1 2021. Therefore, the regional market is expected to witness steady growth during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The medical injection molding machines market share growth in the plastic segment will be significant during the forecast period. The plastic medical injection molding technique is mainly used to produce rigid plastic products. Plastic medical injection molding machines accounted for the highest market share of the global medical injection molding machines market. The increasing demand for plastic medical injection molding machines from the pharmaceutical industry for packaging is expected to foster the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the medical injection molding machines market size and actionable market insights on the post-COVID-19 impact on each segment.
Medical Injection Molding Machines Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.77% |
Market growth 2022-2026 |
$580.96 million |
Market structure |
Fragmented |
YoY growth (%) |
2.5 |
Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Ams Micromedical LLC, ARBURG GmbH Co KG, BOLE Machinery Inc., DKM MACHINERY CO., LTD, ENGEL AUSTRIA GmbH, Haitian International Holdings Ltd., HARBEC, Hillenbrand Inc., Husky Technologies, KraussMaffei Group GmbH, Laszeray Technology, LLC, Proto Labs Inc., Sumitomo Heavy Industries, Ltd., Tederic Machinery Co., Ltd., The Japan Steel Works Ltd., Ube Corp., VEM Tooling Co. Ltd., and WITTMANN Technology GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Material
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.