Medical Injection Molding Machine Market to Surpass USD XX Billion by 2030 Driven by Rising Demand for Precision Healthcare Components

The global medical injection molding machine market was valued at USD 1.81 billion in 2022 and is projected to reach USD 2.61 billion by 2030, growing at a CAGR of 4.7% from 2023 to 2030. This growth is driven by rising demand for plastic-based medical disposables, increasing prevalence of chronic diseases, advancements in healthcare infrastructure across emerging economies, and continuous innovations in molding technologies. The ability to mass-produce precise and complex components for medical applications is fueling broader adoption of injection molding machines in the healthcare sector.

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The increasing incidence of cardiovascular and respiratory disorders, along with expanding access to healthcare in developing regions, continues to stimulate demand for advanced medical devices. This has elevated the need for precision manufacturing, particularly in the production of disposable products like syringes, diagnostic tools, and surgical instruments.

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Product Insights

Electric Machines

Electric injection molding machines accounted for 46.6% of market revenue in 2022. These machines offer precise control, reduced cycle times, and enhanced repeatability—making them ideal for producing clean, high-precision components such as catheters, orthopedic parts, and fetal monitors. They also reduce energy usage by up to 75%, adding sustainability value.

Hybrid Machines

Hybrid machines are expected to grow at a CAGR of 5.7%, combining electric servo technology with hydraulic systems. This balance enables greater speed, energy efficiency, and accuracy while remaining cost-effective. These systems are increasingly favored by manufacturers producing complex, high-performance medical devices.

Hydraulic Machines

Hydraulic systems remain relevant, particularly for high-volume production, though their popularity is gradually being overtaken by cleaner and more energy-efficient electric and hybrid models.

System Insights

Hot Runner Systems

Hot runner systems led the market in 2022, contributing 56.9% of global revenue. By maintaining a consistent melt temperature, these systems enhance product quality, reduce material waste, and improve cycle efficiency. The integration of smart control systems further supports their growing adoption across healthcare manufacturing.

Cold Runner Systems

Expected to grow at a CAGR of 4.0%, cold runner systems are increasingly used for their lower initial investment, recyclability, and ease of maintenance. These systems are especially useful for temperature-sensitive materials and enable precise control over injection parameters, improving consistency and reducing production costs.

Key Companies & Strategic Initiatives

To remain competitive, leading players are investing in new technologies, geographic expansion, and strategic partnerships. Examples include:

  • Husky Injection Molding Systems Ltd. expanded operations in India to produce blood collection tubes.

  • The Japan Steel Works, Ltd. launched the JLM3000-MGIIeL, a high-precision machine for magnesium part molding with eco-friendly features.

Key Market Players:

  • Sumitomo (SHI) Demag Plastics Machinery GmbH

  • Milacron MSA

  • Engel Machinery India Pvt. Ltd.

  • Husky Injection Molding Systems Ltd.

  • Arburg GmbH + Co KG

  • Metro Mold & Design

  • Proto Labs, Ltd.

  • AMS Micromedical, LLC

  • The Japan Steel Works, Ltd.

  • KraussMaffei Group

  • UBE Machinery

  • Toshiba Machine Co., Ltd.

  • Wittmann Battenfeld

  • Hillenbrand, Inc.

Market Scope & Segmentation

Market Size (2023): USD 1.89 Billion
Forecast (2030): USD 2.61 Billion
Growth Rate: CAGR of 4.7% (2023–2030)

Coverage:

  • Segments: Product, System, Material, Region

  • Geographies: North America, Europe, Asia Pacific, Middle East & Africa, Central & South America

  • Countries Covered: U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, Saudi Arabia, South Africa, and others

Report Segmentation

Product Outlook (2018–2030)

  • Hydraulic

  • Electric

  • Hybrid

System Outlook (2018–2030)

  • Hot Runner

  • Cold Runner

Material Outlook (2018–2030)

  • Plastics

  • Metals

  • Others

Regional Outlook (2018–2030)

  • North America (U.S., Canada, Mexico)

  • Europe (Germany, UK, France, Italy, Spain)

  • Asia Pacific (China, Japan, India, South Korea, Australia)

  • Middle East & Africa (Saudi Arabia, South Africa)

  • Central & South America (Brazil, Argentina)


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