The Candy Group is a privately held (by the Fumagalli family) multi‐brand group of companies, among the European leaders in the household appliance industry: washing machines, dishwashers, dryers, refrigerators, freezers, cookers and ovens, both built‐in and free‐standing. Products are marketed under two international brands, Candy and Hoover, and national brands Iberna, Jinling, Hoover‐Otsein, Rosières, Süsler, Vyatka, Zerowatt, Hoover‐Helkama, Hoover‐Grepa, Baumatic.

Covina, March 16, 2023 (GLOBE NEWSWIRE) -- The Plastic Injection Molding for Medical Device Market accounted for US$ 82.7 million in 2020 and is estimated to be US$ 148.88 million by 2030 and is anticipated to register a CAGR of 6.1%. The medical plastic injection molding process is cost-efficient, and ideal for top volume production runs and applications requiring consistency and tight tolerances. This molding process is additionally used for medical device prototype development for the FDA approval process and to be used in laboratory testing. Since inception, the utilization of plastics within modern medicine has steadily increased. Medical devices that are manufactured from injection molded plastic have contributed to a discount in medical costs, communicable disease and pain management. High tech polymers are used within medical device prototype development and are commonly wont to create improved artificial limbs and devices that reduce the danger of infection. Medical plastic injection molding directly results in increased patient safety and therefore the ability to save lots of more lives. Since medical device plastics provide increased versatility and may be combined with metal to make enhanced medical product attributes, medical grade plastics became the well-liked material for varied sorts of electronic medical devices.

There are several factors that are driving the growth of the plastic injection molding for medical device market, including:

The Global Plastic Injection Molding for Medical Device Market accounted for US$ 82.7 million in 2020 and is estimated to be US$ 148.88 million by 2030 and is anticipated to register a CAGR of 6.1%. The global plastic injection molding for medical device market report segments the market on the basis of type, end-user, and region.

Some key challenges faced by manufacturers of plastic injection molding for medical devices include meeting regulatory requirements, ensuring product consistency and quality, managing costs, and keeping up with advancements in technology and materials.

There are various applications of plastic injection molding in the medical device industry, such as manufacturing of diagnostic equipment, drug delivery systems, surgical instruments, disposable devices like syringes, IV tubing, and catheters, orthopedic implants, and dental instruments. Plastic injection molding is also used for producing housings, covers, and enclosures for medical devices.

Some potential challenges for the plastic injection molding for medical device market in the future include increasing competition, regulatory changes, and the need for more sustainable and eco-friendly materials. Opportunities include advancements in technology and materials science, increased demand for medical devices due to aging populations and the prevalence of chronic diseases, and growing healthcare infrastructure in emerging markets.

Analyst View:Increasing technological advancements in plastic injection molding techniques to make sure medical products are free from contamination and safer is additionally expected to drive the expansion of the respective market. Rising healthcare expenditure and spending in both developing and developed economies are among the crucial factors anticipated to bolster the worldwide plastic injection molding for the medical device market. Moreover, the growing global geriatric population, including the prevalence of chronic diseases, is another factor expected to fuel market growth.

SAN FRANCISCO, Feb. 25, 2017 /PRNewswire/ -- Rabin Worldwide, a San Francisco Bay Area-based international auction company, with offices in the Manchester and Barcelona, will conduct an online auction for a complete manufacturing plant for refrigerators and freezers, formerly of the Candy Group in Podborany, Czech Republic. The sale will occur on Thursday, January 26, 2017 through Tuesday, January 31, 2017. The auction can be viewed at http://www.rabin.com/Overview/Auction/candy-group-conta-factory

With an operating capacity of 400,000 pcs/year, it will be available with all product dies & tooling. The entire facility is for sale, with lots of manufacturing equipment for metal working, packaging, plastic injection molding and production put to Auction.

About Prophecy Market Insights:Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

With an operating capacity of 400,000 pcs/year, it will be available with all product dies & tooling. The entire facility is for sale, with lots of manufacturing equipment for metal working, packaging, plastic injection molding and production put to Auction.

Rabin Worldwide has been appointed to conduct this sale due to their continued expertise in asset recovery. Rabin Worldwide specializes in asset recovery throughout the world by providing a host of solutions including auctions, liquidations, asset-based lending, turn-key sales, real estate acquisition and more.  Some of their clients include Nestle, Heinz, General Mills, Hostess, 2 Sisters, Multiflow and Sanofi-Aventis, to name a few. Since 1963, Rabin has successfully extended its reach throughout the United States, Canada, Mexico, Latin America and Europe.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.