Medical Injection Molding Machine Market Is Expected To Reach USD 2.61 Billion By 2030
San Francisco, 11 Sep 2023: The Report Medical Injection Molding Machine Market Size, Share & Trends Analysis Report By Product (Hydraulic, Electric, Hybrid), By Material (Plastics, Metal), By Region, And Segment Forecasts, 2022 - 2030 The global medical injection molding machine market size is anticipated to reach USD 2.61 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2022 to 2030. The industry is primarily driven by the increased application of plastics in several healthcare products, and technological advancements in the medical industry. The demand for testing kits witnessed exponential growth globally, as healthcare authorities attempted to track the spread of the COVID-19 pandemic. This resulted in various companies in the medical devices and pharmaceuticals sectors initiating the production of these kits and ramping up their production capacities to help alleviate testing shortages. The ad